Some senior dealmakers would say that there are almost no new ideas in M&A. The same combinations get explored, discussed and inked before they’re broken up again. That’s the cycle of deals. The bulk-up then breakup...
GFL Is Said to Consider Sale of Stake in C$5 Billion Infra Arm
GFL Environmental Inc. is considering the sale of a stake in its infrastructure arm, people with knowledge of the matter said, in what could be one of Canada’s largest infrastructure deals this year. The company is...
Bitcoin ATM Operator CoinFlip Explores Potential $1B Sale
CoinFlip, a Chicago-based operator of more than 5,500 cryptocurrency ATMs globally, is exploring a potential sale as merger and acquisition activity heats up across the digital asset sector, according to Bloomberg. The...
Airline Azul Tumbles Into Bankruptcy After Vowing to Avoid It
Even as the Brazilian airline Azul SA struggled with exchange rate pressures and the lingering effects of the pandemic, top executives insisted they would do whatever they could to avoid filing for bankruptcy. “The ones...
Evergrande Could Raise $600 Million Selling Life Insurance Stake
Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance business. That’s according to Bloomberg Intelligence analyst Steven Lam, who says the...
Canada’s CGI Looks at Acquisitions in U.S., Germany and U.K.
Canada’s CGI Inc., looking to double its size in part with acquisitions, would consider deals in countries including the U.S., Germany, and the U.K., the company’s chief financial officer said. Bond sales can help it...
GM-Backed Wejo Is in SPAC Merger Talks With Virtuoso
Wejo Ltd., the British automotive-data startup backed by General Motors Co., is in talks to go public through a merger with Virtuoso Acquisition Corp., a blank-check firm, people with knowledge of the matter said...
Orix to Buy Spanish Energy Firm Elawan for About $965 Million
Orix Corp. agreed to buy Spain’s Elawan Energy, the Japanese financial conglomerate’s first deal to acquire a majority stake in an overseas renewable power company. Tokyo-based Orix is purchasing an 80% stake from...
Virus Outbreak Could Lead Companies to Renegotiate M&A Deals
Companies are considering renegotiating previously announced mergers and acquisitions after the outbreak of the coronavirus, according to law firm Hogan Lovells. Some dealmakers are seeking to change the terms of...
Dish TV’s Merger Talks With Airtel Digital Stall
Dish TV India Ltd.’s talks to merge with Airtel Digital TV have stalled on differences over the deal’s structure, according to people with knowledge of the matter. Essel Group’s Dish TV has opted to explore a sale of...
A Mega-Merger Can’t Hide $12 Billion of Debt
China has a standard road map for fixing state-owned giants that have gone off the rails: Create an even more inflated behemoth through a mega-merger, in the hope that the stronger business will be able to prop up the...
Encana’s ‘Symbolic’ Move May Hurt Stake Sale in Iconic Bow Tower
The odds of H&R Real Estate Investment Trust selling a stake in its wholly-owned iconic Calgary tower has dropped after Encana Corp. announced plans to move its headquarters to the U.S, according to BMO Capital...
