Jash Engineering announced its plans to acquire WesTech Process Equipment India, Mumbai (WPEIPL) by purchasing 80% stake held by WesTech LLC, USA, along with an additional 10% stake held by employees of the Indian...
Australia’s Johns Lyng agrees to $725 million buyout, shares soar
Australian building services provider Johns Lyng Group said on Friday it agreed to be bought by investment firm Pacific Equity Partners (PEP) for an equity value of A$1.1 billion ($725 million), sending its shares to a...
Justice Department to allow T-Mobile’s $4.4 billion acquisition of UScellular
U.S. antitrust enforcers greenlit T-Mobile’s $4.4 billion acquisition of UScellular on Thursday, the latest deal blessed by the Trump administration as it takes a softer approach to corporate consolidation than...
Flutter to buy Boyd Gaming’s 5% FanDuel stake in $1.76 billion deal
Flutter Entertainment will buy Boyd Gaming’s 5% stake in FanDuel in a deal worth about $1.76 billion, giving it complete ownership of the online betting operator, the companies said on Thursday. The deal gives...
Ulta Beauty enters UK with retail chain Space NK’s acquisition
U.S. cosmetics retailer Ulta Beauty on Thursday announced its entry into the British market with its purchase of high street chain Space NK. Founded by beauty industry veteran Nicky Kinnaird, Space NK offers premium...
Portugal relaunches TAP airline privatisation, aims to sell 49.9%
Portugal’s government relaunched the long-delayed privatisation of flag carrier TAP on Thursday, saying it aimed to sell a 49.9% stake within a year’s time, and could then consider offloading more of the...
JSW Group to increase stake in JSW MG Motor India amid SAIC’s exit from Indian Market
JSW Group plans to raise its stake in JSW MG Motor India, its car manufacturing joint venture with SAIC Motor. The Chinese company has decided against committing further capital to India, instead prioritising...
Valor emerges as top bidder for Lavasa with ₹771-crore offer
Realty developer Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation with an offer of ₹771.09 crore on a net present value (NPV) basis, as part of the ongoing insolvency resolution...
Manipal Health buys Sahyadri Hospitals for Rs 6,400 crore
Manipal Health Enterprises, India’s 2nd largest hospital chain, has bought Sahyadri Hospitals from Canada’s Ontario Teachers Pension Plan (OTPP), as per an official release from both sides that did not divulge...
MGL shares in focus following NCLT nod for amalgamation with Unison Enviro
Shares of Mahanagar Gas Ltd (MGL) are likely to be in focus on Thursday, July 10, after the National Company Law Tribunal (NCLT) approved the proposed Scheme of Amalgamation between MGL and its wholly owned subsidiary...
Ferrero close to acquiring cereal producer WK Kellogg for about $3 bn
Ferrero International SA, a closely held Italian candy maker, is close to acquiring cereal producer WK Kellogg Co. for about $3 billion, according to people with knowledge of the matter. Talks are advanced and a deal...
Quality Power Electrical Equipments and Yash Highvoltage to acquire 100% stake in Sukrut Electric Company
Quality Power Electrical Equipments and Yash Highvoltage have jointly announced the signing of a Binding Term Sheet to acquire 100% stake in Sukrut Electric Company (SECPL), a Pune-based transformer component...
