Mizuho Financial Group is finalising terms to acquire KKR-backed Avendus Capital at a Rs 5,900-crore valuation, almost six months after it had first agreed to buy the home-grown investment bank, said people in the know...
NCLT’s valuation flags cloud IL&FS HQ sale
The sale of IL&FS’s headquarters in Mumbai’s Bandra Kurla Complex is likely to face delays after the bankruptcy tribunal raised concerns over the use of outdated property valuations, potentially forcing...
Roomba maker iRobot files for bankruptcy, to go private after buyout
Roomba vacuum cleaner maker iRobot said on Sunday that it had filed for bankruptcy protection, and would go private after being acquired by Picea, its primary manufacturer. The company, which raised concerns about...
ServiceNow in advanced talks to acquire cybersecurity startup Armis for upto $7 billion, says report
After Alphabet and Palo Alto Networks each acquired cybersecurity firms, tech company ServiceNow Inc., is in advanced talks to buy Armis, and Israeli military veterans-run cybersecurity startup for up to $7 billion...
HSBC’s $13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod
Hong Kong’s Hang Seng Bank said on Monday an independent board committee found HSBC’s $13.6 billion take-private offer to be fair and reasonable, and recommended its minority investors vote in favour of the...
Australia’s Fortescue to buy remaining stake in Alta Copper, valuing it at $101 million
Australia’s Fortescue said on Monday it would buy the remaining 64% of Alta Copper, in a deal implying a total equity value of C$139 million ($101 million) for the Toronto-listed copper miner. Fortescue, through...
Coca-Cola holds last-ditch talks in bid to salvage Costa Coffee sale, FT reports
U.S. soft drinks company Coca-Cola’s proposed sale of Costa Coffee is at risk of collapsing, with the company holding last-ditch talks this weekend with private equity firm TDR Capital in an effort to salvage the...
Law firms Winston & Strawn, Taylor Wessing in talks to merge
U.S. law firm Winston & Strawn and the UK’s Taylor Wessing are in talks to merge, in what would be the latest large-scale transatlantic law firm combination. Winston & Strawn and Taylor Wessing UK...
Sweden’s Sobi to buy US biotech Arthrosi for up to $1.5 billion to boost gout pipeline
Drugmaker Swedish Orphan Biovitrum said on Saturday it had agreed to acquire U.S.-based biotechnology company Arthrosi Therapeutics for up to $1.5 billion to strengthen its portfolio of gout treatments. Sobi will pay...
Adani Energy Solutions acquires KPS III HVDC Transmission Ltd
Adani Energy Solutions Ltd (AESL) on Friday said it has acquired 100 per cent stake in KPS III HVDC Transmission Ltd from PFC Consulting. This acquisition will further AESL’s strategy for enhancing value for its...
MediaKind to acquire Harmonic’s video business for $145 million
MediaKind said it has entered into an agreement to acquire the Video Business of Harmonic Inc. for about $145 million, a move that will create one of the largest independent SaaS streaming-infrastructure providers...
Indian Link Chain Manufacturers to acquire majority stake in RRP Electronics
Indian Link Chain Manufacturers Ltd is acquiring a majority stake in RRP Electronics, which will help the company enter semiconductor, medical devices and other high-technology sectors, a statement said on Friday. The...
