Henderson Group Plc’s tie up with Janus Capital Group Inc. to create a $320 billion asset manager may be the precursor to a wave of consolidation in an investment industry grappling with increased regulation and...
Gold Deal-Making Heating Up as Kirkland Swallows Newmarket
A proposed merger between two Canada-based gold miners is the latest example of consolidation in an industry that remains under pressure to cut costs, even as stronger gold prices smooth the way for deal-making. On...
Citi Has Four Reasons Why It Hopes Disney Doesn’t Buy Twitter
Not so fast. While some investors may be cheering the potential of a Walt Disney Co. bid for Twitter Inc., the analysts at Citigroup Inc. don’t seem to be fans. “Any way we slice the data, we just can’t get...
Blackstone-Backed Sithe Said to Get Final Bids for Asia Plant
A group comprising Kuwait Investment Authority and private equity firm CVC Capital Partners is among final bidders for Sithe Global Power LLC’s stake in a Philippine power plant that could fetch at least $500 million...
Maersk May Target Hanjin, Hyundai in New Acquisition Plan
A.P. Moeller-Maersk A/S’s container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea’s two biggest shipping firms, according...
ChemChina Seeks EU Approval for $43 Billion Syngenta Takeover
China National Chemical Corp. sought European Union approval for its $43 billion takeovers of Syngenta AG, one of a trio of mega-deals reshaping the global agrochemicals industry already described as “quite...
Lanxess Agrees to Buy Rival Chemtura for About $2.1 Billion
Lanxess AG, the German specialty chemicals company, agreed to buy U.S. competitor Chemtura Corp. for about $2.1 billion in cash to expand its lubricant additives and flame retardants businesses. Lanxess agreed to pay...
U.S. Energy Regulator Examines Beefing Up Utility Merger Reviews
U.S. energy regulators are considering whether they need to tighten up the review process for utility mergers, in the latest attempt to crack down on price gouging. The Federal Energy Regulatory Commission may look to...
Marriott Purchase of Starwood Gets Chinese Regulatory Approval
Marriott International Inc.’s acquisition of Starwood Hotels & Resorts Worldwide Inc. got antitrust approval from Chinese regulators, clearing the way for the deal to be completed. Approval from the Chinese Ministry...
Blame Bad Timing: Potash-Agrium Deal Seen Facing Scrutiny
It’s unlikely to be easy sailing when Potash Corp. of Saskatchewan Inc. and Agrium Inc. take their plans to combine and become the world’s top fertilizer company in front of regulators. The blame lies with the timing...
Chevron Said to Narrow Bids for $3 Billion Asian Geothermal Sale
China General Nuclear Power Corp., the country’s biggest nuclear power operator, has been invited to make a second-round bid for Chevron Corp.’s Asian geothermal energy assets, which could fetch $3 billion, according to...
BlackRock’s McKenna Said to Start Merger-Arbitrage Hedge Fund
BlackRock Inc. has started a hedge fund with a $200 million investment from New Zealand’s sovereign wealth fund that will seek to profit from bets on companies involved in takeovers. The merger-arbitrage fund began...
