Palo Alto Networks said on Wednesday it will buy cloud management and monitoring company Chronosphere for $3.35 billion, as the cybersecurity firm looks to strengthen its AI offerings. The Santa Clara, California-based...
Blockfusion to list in New York via $450 million SPAC deal
Data center operator Blockfusion said on Wednesday it would list in the United States through a merger with blank-check firm Blue Acquisition Corp in a deal valued at $450 million, as investor appetite for the sector...
Atkore explores potential sale after activist pressure, Bloomberg News reports
Electric component maker Atkore is considering options including a potential sale after it came under activist investor pressure, Bloomberg News reported on Wednesday, citing people familiar with the matter...
Axalta investor Artisan Partners urges rejection of AkzoNobel deal
Investor Artisan Partners is unhappy with Axalta Coating Systems’ plans to combine with AkzoNobel in an all-stock deal that will create a paint industry giant with an enterprise value of $25 billion. “As an...
Total and Chevron lead race to buy into Galp’s Namibia oil discovery, sources say
Oil majors TotalEnergies and Chevron have emerged as front-runners in the auction for a 40% operating stake in Galp’s Mopane discovery in Namibia, four sources told Reuters. Oil companies have flocked to Namibia...
Akzo Nobel buys Axalta to build $25 bn paint company
Akzo Nobel NV agreed to acquire smaller rival paint maker Axalta Coating Systems Ltd. in a deal that will create a US-listed leader with combined annual sales of almost $17 billion. Under the agreement, which confirmed...
Nuvoco Vistas to buy Vadraj Energy for Rs 200 crore to secure captive power
Nuvoco Vistas Corp, an eastern India cement producer that had bought LaFarge’s operating assets nine years ago, is buying Vadraj Energy (Gujarat) for Rs 200 crores from JSW Cement and Alpha Alternatives Holdings, the...
NCLT clears Sequent Scientific–Viyash Life Sciences merger worth ₹8,000 crore
Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences received approval for their planned merger from the National Company Law Tribunal (NCLT) on Tuesday, according to sources in the know. Sequent...
CCI clears two corporate deals in cement and offshore drilling
The Competition Commission of India on Tuesday cleared two separate transactions involving companies in the cement and offshore drilling sectors. The approvals cover a planned investment and share purchase arrangement...
Japan’s Kirin in talks to pull out of Bira 91 maker B9 Beverages amid brewing financial strain
Japan’s Kirin Holdings, the largest investor in Bira 91 craft beer maker B9 Beverages, is in talks with the crisis-ridden brewer’s founder Ankur Jain to exit its investment, multiple people aware of the negotiations...
Choice International announces acquisition of Ayoleeza Consultants
Through its subsidiary – Choice Consultancy Services Choice International announced that its subsidiary, Choice Consultancy Services (CCSPL), has acquired 100% shareholding in Ayoleeza Consultants. Ayoleeza...
EQT, PAG, Blackstone, CVC among global PEs evaluating $1 bn ValueLabs buyout
Global private equity majors EQT Partners, PAG, Blackstone and CVC are among suitors in talks to acquire a controlling stake in software services firm ValueLabs from the promoters, according to three people with...
