Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, a person familiar with the matter said. Talks are...
Prosus offers to slash Delivery Hero stake to address EU concerns about Just Eat deal
Prosus has offered to slash its Delivery Hero stake to below 10% and give up its board seat to address EU concerns over its 4.1 billion euro ($4.78 billion) Just Eat Takeaway deal, two people with direct knowledge of...
Australia’s Abacus Storage King opens books for $1.41 billion takeover bid
Abacus Storage King has granted the consortium comprising Ki Corporation and Public Storage access to examine the company’s books and records for six weeks to evaluate its A$2.17 billion ($1.41 billion) binding...
Germany’s Allianz ties up with India’s Reliance-owned Jio Financial for reinsurance venture
German insurer Allianz has formed an equally-owned reinsurance joint venture in India with Reliance Group-owned Jio Financial Services, expanding its presence in the country’s insurance market, the companies said...
Conversive acquires VoxGenie to offer multimodal Voice AI engagement
AI-powered CRM engagement company Conversive on Thursday announced the acquisition of VoxGenie, an emerging innovator in Voice AI. The acquisition marks a major milestone for Conversive, positioning it as the first...
Hexaware acquires two SMC Squared firms for over Rs 1,000 crore in GCC space
Mid-sized IT player Hexaware Technologies Thursday said it has acquired two SMC Squared group firms for a cumulative cash consideration of Rs 1,029.12 crore (about $120 million). The acquisition of Tech SMC Squared...
Adani Group sells 20% stake in AWL Agri Business to Wilmar in Rs 7,150 crore deal
Apples-to-airport conglomerate Adani Group on Thursday sold its 20% stake in FMCG joint venture AWL Agri Business Limited to Singapore’s Wilmar International in a Rs 7,150 crore deal priced at Rs 275 per share...
EQT completes acquisition of Niwas Housing Finance
Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, from IndoStar Capital Finance Limited, according to a company statement. EQT will invest Rs 500...
Torrent Pharma seeks CCI nod to acquire majority stake in JB Chemicals for Rs 19,500 crore
Ahmedabad-based Torrent Pharmaceuticals has sought fair trade regulator CCI’s clearance to acquire a majority stake in in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. After the completion of the...
Somany Ceramics Acquires Majority Stake in Durabuild, Enters High-Growth Construction Chemicals Segment
Somany Ceramics Ltd., one of India’s most respected names in building materials, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, marking its strategic entry into...
Avance Technologies Limited Signs Non-Binding Term Sheet to Acquire a B2B Inventory Liquidation Marketplace www.Excess2Sell.com
Avance Technologies Limited, a BSE-listed technology solutions provider, is pleased to announce that it has signed a nonbinding term sheet to acquire India’s premier tech-enabled B2B overstock inventory...
Reliance Retail Acquires Home Appliances Brand Kelvinator
Reliance Retail Ltd on Friday announced the acquisition of the home appliances brand Kelvinator for India from the Swedish manufacturer Electrolux AB after holding manufacturing and distribution rights for the brand...
