Auction Technology has rejected a series of buyout proposals from top shareholder FitzWalter Capital, saying they significantly undervalue the British online auction operator and its prospects. London-based investment...
Vistra to buy Cogentrix Energy in $4.7 billion deal amid surging power demand
Utility Vistra said on Monday it has agreed to buy Cogentrix Energy, comprising 10 natural gas-fired power plants, from Quantum Capital Group for about $4.7 billion, as it looks to meet growing power demand. Shares of...
Universal Music acquires 30% stake in Excel Entertainment
In one of the largest deals in the Indian film entertainment business, the India unit of Universal Music Group (UMG), world’s largest music label, has acquired a 30% stake in Farhan Akhtar and Ritesh...
NTPC in talks to buy minority stake in US-based nuclear tech firm CCTE
NTPC is in talks to buy a minority stake in US-based nuclear fuel technology company Clean Core Thorium Energy (CCTE), the state-owned firm said on Friday. In a reply to a BSE query, NTPC said it continuously explores...
DSM Fresh Foods to acquire majority stake in Avyom Foodtech
DSM Fresh Foods announced that its Board of Directors has approved the acquisition of a 51% controlling stake in Avyom Foodtech (AFPL), marking the company’s formal entry into the ready food solutions segment...
Inox Clean acquires 300 MW of SunSource green power portfolio in ₹1,000-cr deal
Initial public offering-bound Inox Clean Energy has signed a definitive agreement to acquire 300 MW of solar power portfolio of Dutch multinational SHV Energy-owned SunSource Energy for ₹1,000 crore ($111 million), said...
UK’s Oakley Capital to acquire GLAS in $1.35 billion deal, Sky News reports
British private equity firm Oakley Capital has agreed to buy a majority stake in debt administration services firm Global Loan Agency Service (GLAS) in a 1 billion pound ($1.35 billion) deal, Sky News reported on Sunday...
L3Harris nears space propulsion asset stake sale to AE Industrial, sources say
L3Harris Technologies is nearing a deal to sell a 60% stake in a portfolio of space and propulsion businesses to private equity firm AE Industrial Partners as the large defense company sheds some NASA business lines to...
Arugn Tech gets MIB nod to buy AION Capital’s stake in Planetcast Media
The Ministry of Information and Broadcasting (MIB) has approved Arugn Technologies’ proposal to acquire Apollo Global-backed AION Capital’s stake in teleport operator Planetcast Media, marking a significant...
Devyani & Sapphire to merge, form QSR giant
Devyani International and Sapphire Foods India, which operate KFC and Pizza Hut quick service chains in India, are merging operations to create the country’s largest single quick-service restaurant (QSR) entity...
Timken India update on acquisition of 26% stake in Sunstreamgreen Energy C&I Three
Timken India had entered into an Agreement to acquire 26.1% equity shares of Sunstreamgreen Energy C&I Three to purchase power under the Group Captive Scheme and this transaction would be completed on or before...
Canada’s Robex greenlights $1.45 billion merger with Australia’s Predictive Discovery
Australia’s Predictive Discovery said on Wednesday, shareholders of Canada’s Robex Resources approved a A$2.17 billion ($1.45 billion) merger, paving the way to create a mid-tier gold producer in West Africa...
