U.S. energy major Exxon Mobil is in talks to sell its Hong Kong fuel stations in a deal that could fetch a few hundred million dollars, said three people with knowledge of the matter. The company has hired a financial...
Beazley shareholders approve Zurich’s $10.9 billion cash takeover
London-listed specialty insurer Beazley said on Wednesday that shareholders approved Swiss group Zurich Insurance’s 8.1 billion pound ($10.94 billion) all-cash takeover, with 99.9% votes in favor at a meeting...
UK’s Intertek considers EQT’s $11.2 billion sweetened takeover bid
British product testing firm Intertek on Wednesday said it is reviewing a sweetened takeover proposal from Swedish private equity group EQT AB, valuing it at 8.3 billion pounds ($11.22 billion). EQT is now offering...
RTL wins unconditional EU antitrust approval for Sky Deutschland acquisition
European broadcaster RTL secured unconditional EU antitrust approval for its Sky Deutschland acquisition on Wednesday after regulators said the deal would not pose any competition concerns in Europe. The deal would...
AI chipmaker Forge Nano to list via $1.6 billion SPAC deal
Forge Nano, a US-based semiconductor equipment and advanced materials company, plans to go public through a $1.6 billion blank-check deal with Archimedes Tech SPAC Partners II, the companies announced on Tuesday. The...
SpaceX says it has option to acquire startup Cursor for $60 billion
SpaceX said it has secured an option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for AI...
Fairfax likely to buy 10% more in IIFL Capital via preferential allotment
Prem Watsa-backed Fairfax Financial Holdings is set to increase its stake in IIFL Capital Services through a preferential allotment in a transaction estimated around ₹1,000 crore, multiple people aware of the...
Dhan parent Raise Financial acquires algo-trading startup Stratzy in cash-and-stock deal
Raise Financial, the parent of online stock trading platform Dhan, has acquired algo-based investing and trading startup Stratzy in a cash-and-stock deal. The deal, according to sources, is valued at $5–6 million. ET...
ReaRCo acquires KV Developers through the insolvency process
Real estate asset resolution company ReaRCo Private Limited has acquired KV Developers through the insolvency resolution process, giving hope to nearly 400 homebuyers in Greater Noida who had invested in the project in...
Deutsche Telekom exploring merger with T-Mobile, Bloomberg News reports
Deutsche Telekom is considering a full combination with T-Mobile US that could result in the largest public M&A deal on record, Bloomberg News reported on Tuesday, citing people familiar with the matter. The...
Belgium’s Kpler launches minority stake sale valuing firm at up to $5 billion, sources say
Commodities data and analytics firm Kpler has launched a sale process for a large minority stake that could value the company at nearly $5 billion, according to two people with knowledge of the matter. Private equity...
AB Foods to spin off Primark in bid to unlock group’s value
Associated British Foods plans to spin off Primark from its food businesses, telling investors on Tuesday that the fashion retailer will be better positioned to grow on its own. AB Foods said financial markets will...
