Billionaire Anil Agarwal’s Vedanta Resources Plc is seeking to buy back debt at a discount to chip away at a $2.9 billion maturity wall in 2016, as the bond market shuns mining companies amid a commodity rout...
Haier Said to Be Near $4 Billion Deal to Buy GE Unit, WSJ Says
General Electric Co. is nearing an agreement to sell its appliance business to China’s Haier Group for more than $4 billion, the Wall Street Journal reported, citing unidentified people familiar with the matter. The...
Norway’s Statoil Buys Minority Stake in Lundin Petroleum
Statoil ASA, Norway’s biggest energy company, snapped up a 12 percent stake in Lundin Petroleum AB to increase its access to the giant Johan Sverdrup field. Statoil bought about 37 million shares in the Stockholm...
Premier Oil Agrees to Acquire EON’s U.K. North Sea Assets
Premier Oil Plc, an explorer operating on four continents, agreed to buy the U.K. North Sea assets of Germany’s EON SE for $120 million. The assets are located in the central North Sea, West of Shetlands and the...
Vietnam Air to Sell 8.8% Stake to Japan’s ANA, CEO Says
Vietnam Airlines Corp. will sell an 8.8 percent stake to ANA Holdings Inc., owner of Japan’s biggest airline, for $108 million, the companies announced Tuesday. The deal with the operator of All Nippon Airways will...
Revolution’s Leonsis Forecasts ’Strange’ Mergers in Tech
Taking Stock with Michael McKee and Kathleen Hays. GUEST: Ted Leonsis, Founder and Partner, Revolution Growth, on impact of economy and global events on his tech predictions for 2016, and his forecast for ’strange and...
Health Care’s $605 Billion Buying Binge May Slow in 2016
When it comes to dealmaking, the health-care industry defied belief in 2015 with $605 billion of takeovers. While 2016 may be a good year, it’s unlikely to beat that record. “We entered 2015 with what I would...
TRIG Invests $61 Million in 15 French Solar Parks With Akuo
The Renewables Infrastructure Group Ltd., a clean-energy investor based in Guernsey, is plowing 57 million euros ($61 million) into 15 French ground-mounted and rooftop solar photovoltaic plants, alongside Akuo Energy...
Bridgepoint Agrees to Buy 3i’s Element Materials Technology
Bridgepoint agreed to buy Element Materials Technology from 3i Group Plc, Britain’s oldest private-equity firm, and plans to grow the business further with acquisitions over the next five years. Element, which...
UBM Agrees to Sell PR Newswire for $841 Million to Cision
UBM Plc, the U.K. event and marketing services provider, agreed to sell its news-release distribution service PR Newswire for $841 million to GTCR’s Cision to focus on its events business. UBM will get $810 million in...
Payments processor Global Payments to buy rival Heartland for $4.3 billion
Global Payments Inc. agreed to buy smaller rival Heartland Payment Systems Inc. for about $4.3 billion as card-processing companies consolidate and adapt to new technology. Heartland shareholders will receive 0.6687...
Intel Buys Ascending Technologies in Further Drone Push
Intel Corp. has signed a definitive agreement to acquire Krailling, Germany-based drone company Ascending Technologies GmbH, as the semiconductor manufacturer tries to spur the development of new products that use its...
