Solstad Offshore ASA, a supply vessel company controlled by Kjell Inge Roekke, will merge with rival Rem Offshore ASA in the latest deal orchestrated by the Norwegian billionaire to take advantage of the collapse in...
Oracle Purchase of NetSuite Will Help It Vie With Cloud Rivals
Oracle Corp., lagging the competition in cloud-based services, is essentially buying market share with its $9.3 billion acquisition of NetSuite Inc. Oracle has been trying for years to shift from selling software...
UniCredit Said to Mull $5.5 Billion Stock Sale, Pekao Exit
UniCredit SpA is considering tapping shareholders for as much as 5 billion euros ($5.5 billion) and selling its entire stake in Poland’s Bank Pekao SA to raise capital, according to people with knowledge of the matter...
Altman Sees M&A ‘Buoyancy’ as Evercore Has Record Half Year
Evercore Partners Inc. Chairman Roger Altman said the investment bank had its best half year in the firm’s two-decade history as clients pursue mergers and acquisitions even amid turmoil in global markets. “We couldn’t...
Oil and Gas M&A Seen Accelerating as Fear of Bad Deals Fade
Energy acquisitions are poised to pick up as oil and gas prices stabilize and fears of bad deals wane, according to Ernst & Young LLP. Acquisitions will accelerate in the fourth quarter with most of the announced...
In China M&A, Cash Is King
China’s hunger for overseas assets has been a big windfall for its domestic banks, thanks to their ability to provide cheap financing. But the nation’s lenders will likely find a ceiling to their ambitions...
Wanda’s Wang Heads for Record M&A Year With $16 Billion in Deals
Billionaire Wang Jianlin is headed for a record year of mergers and acquisitions as the Chinese tycoon seeks to build an entertainment empire that could challenge Walt Disney Co. by the end of the decade. Wang’s AMC...
Brexit Chaos May Erase $1.6 Trillion From Global M&A, Study Says
A disorderly exit by the U.K. from the European Union could wipe as much as $1.6 trillion from future mergers and acquisitions, a new study says. The absence of a clear Brexit roadmap could lead to a cycle of political...
NextEra’s $2.6 Billion Hawaii Deal in Doubt as Regulator Says No
Hawaiian regulators rejected NextEra Energy Inc.’s $2.63 billion bid to purchase Hawaiian Electric Industries Inc., dealing a possibly fatal blow to the deal that had faced opposition from the governor. The Hawaii...
Accor Plans to Separate, Sell Majority of HotelInvest Unit
Accor SA, Europe’s biggest hotel operator, will separate its HotelInvest unit and plans to eventually sell a majority stake in the subsidiary to free up funds for the parent company to expand and improve existing...
Deutsche Bank Names Dupree to Run Americas M&A, Shuffling Ranks
Deutsche Bank AG promoted Charlie Dupree to lead mergers and acquisitions in the Americas and named Bank of America Corp.’s David King co-head of dealmaking for technology companies. Dupree, who’s advised on some of the...
Houlihan Lokey Adds DeAngelo, Rothschild’s Simpson for Deals
Houlihan Lokey Inc., the boutique bank that had its initial public offering last year, hired two dealmakers to work with clients in the information technology, outsourcing, and consulting industries. Paul Simpson joins...
