Bavarian Nordic said on Wednesday a consortium led by Nordic Capital and Permira has raised its offer price for the vaccine maker to 250 Danish crowns ($38.94) after its initial bid was not accepted by a sufficient...
Lone Star to take Hillenbrand private for $2.3 billion
Hillenbrand is being taken private by investment firm Lone Star Funds for $2.3 billion in cash, sending the industrial equipment maker’s shares surging about 19% in early trading. A Lone Star affiliate is offering...
Australia’s Macquarie to lift stake in London City Airport to 75%
Macquarie Group’s asset management arm will acquire an additional 50% stake in London City Airport, raising its total ownership to 75%, the Australian investment firm said on Wednesday, as it deepens its presence...
LT Foods set to buy Hungary’s Global Green for Rs 25 million
Packaged foods and staples maker LT Foods has signed a definitive agreement to acquire 100% stake in Hungary-based processed and canned foods maker Global Green Europe Kft for ₹25 million via its European subsidiary...
Cloudnine Hospitals leads race to acquire Apollo Cradle
Cloudnine Hospitals, one of India’s leading maternity and paediatric care chains, is in advanced talks to acquire Apollo Cradle and Children’s Hospital (ACCHL) in a potential deal valued at about ₹1,500...
RBI may allow Emirates NBD to acquire controlling stake in RBL Bank
India’s central bank is open to allowing Dubai-based lender Emirates NBD to acquire a controlling stake in RBL Bank, two sources said, as the regulator seeks to attract foreign investment and strengthen the...
JTL Industries gains 6% after NCLT approves acquisition of RCI Industries
JTL Industries shares jumped 6.2 per cent on BSE, logging an intra-day high at ₹72.2 per share. At 12 PM, JTL Industries’ share price was up 1.75 per cent on BSE at ₹69.12 per share. In comparison, the BSE Sensex...
J&J to spin off orthopaedics unit after strong Q3 results, stock falls 1%
Johnson & Johnson (J&J), the global healthcare industry bellwether, announced on Tuesday its plan to separate its orthopaedics division from the main company within the next 18 to 24 months. This major...
Morgan Stanley, MUFG launch $1 billion sale of Vena Energy India
Morgan Stanley and Mitsubishi UFJ Financial Group (MUFG) have begun the sale process for Global Infrastructure Partners (GIP)-owned Vena Global Group Pte Ltd’s Indian renewable energy platform, Vena Energy India, in a...
Foxconn bid for stake in unit of Germany’s ZF Group stalls, documents show
Foxconn’s two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation expectations and a higher-than-estimated debt pile, according to...
Boeing gains EU antitrust nod for $4.7 billion Spirit AeroSystems deal
Boeing secured EU antitrust approval on Tuesday for its $4.7 billion acquisition of Spirit AeroSystems after agreeing to sell some Spirit businesses to address competition concerns. The deal announced last year aims to...
Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger
U.S. land managers Rayonier and PotlatchDeltic said they would merge on Tuesday in an all-stock deal worth about $8.2 billion, including debt, forming the country’s second-largest publicly traded timber and wood...
