Consumer goods and personal care giant Kimberley-Clark is buying Tylenol-maker Kenvue in a $40 billion deal involving stock and cash, in what can be called a mammoth merger of two consumer health goods companies. The...
Apollo withdraws $2.1 billion bid to take pizza chain Papa John’s private, sources say
Apollo Global has withdrawn its offer to take pizza chain Papa John’s private at $64 a share, according to two people familiar with the deal, as Wall Street waits to see what is expected to be a tough earnings report on...
Unilever expects to complete Magnum ice cream spin-off by December 6
Consumer goods group Unilever said on Tuesday it expects to complete the spin-off of its Magnum Ice Cream unit, after a delay because of the U.S. government shutdown, by December 6. The delay underscores the disruptions...
Novo Nordisk, Pfizer sweeten bid for Metsera as bidding war heats up
Novo Nordisk and Pfizer have revised their bids for Metsera, the obesity drug developer said on Tuesday. Novo’s revised offer brings the deal value to about $10 billion, while Pfizer is now willing to shell out $8...
CBRE buys Pearce Services for $1.2 bln to grow infrastructure portfolio
Real estate services firm CBRE Group Inc said on Tuesday it has acquired infrastructure maintenance firm Pearce Services from New Mountain Capital for about $1.2 billion in cash, with a potential earn-out of up to $115...
South Africa’s Pepkor completes $98 million acquisition of Retailability brands
South African retailer Pepkor has acquired several fashion brands from privately-owned Retailability, it said on Tuesday, as part of its push into the adult clothing market. The Cape Town-based Pepkor has been growing...
Ovintiv expands in Montney shale with $2.7 billion deal for NuVista
Ovintiv said on Tuesday it would buy the rest of NuVista Energy in a cash-and-stock deal valued at $2.7 billion, including debt, strengthening the shale producer’s presence in Canada’s Montney basin. Last...
AIMS hospital founder looks to buy back PE investors’ 49% stake
The founder of Asian Institute of Medical Sciences (AIMS), Narendra Pandey, is looking to buy back 49% stake held by private equity investors in the Faridabad-based hospital, people aware of the development said. Pandey...
Indian Hotels, EIH, ITC join race for JW Marriott Bengaluru
Indian Hotels, EIH and ITC Hotels are among leading hospitality companies that have shown interest in acquiring the luxury hotel JW Marriott in Bengaluru, according to documents seen by ET. As many as 40 companies...
Narayana Health buys UK’s Practice Plus Hospitals
Bengaluru-headquartered Narayana Health on Friday announced its entry into the UK healthcare market with the acquisition of Practice Plus Group Hospitals, pledging to extend affordable care. Practice Plus Group operates...
Abu Dhabi’s IHC seeks CCI nod to buy 43% stake in Sammaan Capital for $1 billion
Abu Dhabi-based International Holding Company has sought approval from the fair trade regulator CCI to purchase a 43.46 per cent stake in Sammaan Capital for USD 1 billion (around Rs 8,850 crore). International Holding...
Intel in talks to acquire AI chip startup SambaNova, Bloomberg News reports
Intel is in talks to acquire artificial intelligence processor maker SambaNova, which has been working with bankers to gauge interest from potential suitors, Bloomberg News reported on Thursday, citing people familiar...
