Italy’s top insurer Generali said it had agreed to sell its German specialised pension unit to Fosun-backed Frankfurter Leben as it seeks to improve profitability in the life business and free up capital. By...
Emerson Electric to buy National Instruments for $8.2 bln to deepen automation push
U.S. industrial conglomerate Emerson Electric Co agreed to buy National Instruments Corp (NATI.O) for $8.2 billion, capping a nearly yearlong pursuit of the measurement equipment maker. The $60-per-share cash offer...
CVC, Advent, Bain in race to buy Porus Labs for about ₹2,500 cr
CVC Capital, Advent International and Bain Capital, among others have evinced interest in acquiring Porus Laboratories, said two people in the know. Although formal bids will be placed in April, Porus Laboratories is...
Ritchie Bros completes $7 billion IAA acquisition
Canada’s Ritchie Bros Auctioneers Inc said on Monday it had completed the acquisition of U.S. auto retailer IAA Inc, weeks after two proxy advisory firms urged shareholders to reject the $7 billion deal. The...
Merger of the Century: UBS against the clock in Credit Suisse takeover talks
UBS was up against the clock in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen. Switzerland’s biggest bank UBS is being urged...
Everstone Capital in talks to offload Burger King stake
Private equity firm Everstone Capital is in talks with General Atlantic to sell its stake in the India master franchise of American fast-food restaurant chain Burger King, people directly aware of the matter said...
UBS Group, Credit Suisse oppose idea of forced merger, says report
UBS Group AG and Credit Suisse Group AG are opposed to a forced merger, Bloomberg News reported on Thursday, citing people with knowledge of the matter. UBS prefers to focus on its own wealth-centric strategy and is...
US regulator approves Canadian Pacific purchase of Kansas City Southern
The Surface Transportation Board of the United States said on Wednesday it had approved Canadian Pacific’s $31 billion acquisition of railroad company Kansas City Southern with a series of environmental and...
First Republic Bank weighing options including sale – Bloomberg News
U.S. private lender First Republic Bank is exploring strategic options including a sale, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The troubled bank is weighing options for shoring up...
Brookfield consortium trims offer for Australia’s Origin Energy to $10.5 billion
A Brookfield-led consortium trimmed its offer for Origin Energy by 1% on Wednesday, valuing Australia’s no.2 power producer and energy retailer at A$15.33 billion ($10.5 billion), after government moves to cap gas...
Norway wealth fund sold stakes in Adani companies
Norway’s wealth fund’s phased divestment in Adani Group came to an end, when it sold its remaining stakes worth over $200 million in remaining three Adani Group companies in last two months, said the...
Compass Group’s Elior India acquisition stalled due to governance glitches
The acquisition of Elior India, a subsidiary of the Paris-listed catering and related services company Elior Group, by a British multinational contract foodservice company Compass Group, has been stalled due to an...