Telecom Italia SpA’s Brazil unit is considering making a bid for the country’s fifth-largest mobile phone carrier, Nextel Telecomunicacoes Ltda., to boost its market share and gain spectrum in some metropolitan areas...
KKR Is Said to Sell Oldest Asian Investment for $645 Million
KKR & Co. agreed to sell Singapore hard-drive component maker MMI Holdings Ltd. for about $645 million including debt, people with knowledge of the matter said, exiting the oldest Asian investment listed in its...
AstraZeneca-Backed ADC Therapeutics Weighs IPO, Sale
ADC Therapeutics SA, a Swiss biotechnology company whose backers include U.K. drugmaker AstraZeneca Plc, is in the early stages of exploring options, including an initial public offering, amid growing interest in...
Investors Cash Out of Biotech ETF as M&A Boom Never Materializes
A biotechnology exchange-traded fund is losing cash as investor hopes for merger-fueled growth continue to be dashed. Investors pulled a record $365 million from the $9.3 billion SPDR S&P Biotech ETF, known by its...
Vail CEO Eyes Japan Resort Acquisition in Bid to Lure New Skiers
Vail Resorts Inc. is seeking to add a Japanese property to its portfolio of ski resorts to lure globetrotting snowhounds from Beijing to Sydney to buy the season passes that underpin its businesses. “We see Japan as the...
AltaGas Plans Canadian IPO in Shift to U.S. After WGL Deal
AltaGas Ltd. is intensifying its shift toward the U.S., following up its $4.6 billion takeover of Washington utility WGL Holdings Inc. with a plan to spin off its Canadian assets through an initial public offering. The...
HNA’s Debt Declines for First Time, Shrinking by $8.3 Billion
Though HNA Group Co. managed to reduce one of China’s biggest debt piles by selling off dozens of assets, the embattled Chinese conglomerate will probably need to get much slimmer before regaining the trust of investors...
Craft Vodka Distiller in Finland Says M&A Is Back on His Agenda
The chief executive officer of Altia Oyj says he’s now ready to consider spending money on mergers again after a half-decade hiatus. The Finnish alcohol maker and distributor spent the past five years absorbing the...
Australia’s Bega Cheese says regulator approved Saputo dairy plant purchase
Dairy products maker Bega Cheese Ltd said on Friday the Australian competition regulator had approved its purchase of Saputo Inc’s dairy processing facility at Koroit in the state of Victoria. Bega Cheese will buy the...
Starwood to Buy a GE Energy-Finance Business for $2.56 Billion
Barry Sternlicht’s Starwood Property Trust Inc. agreed to buy a General Electric Co. energy-finance business for $2.56 billion to expand beyond real estate holdings. The acquisition includes a roughly $2.1 billion...
Glencore’s Agriculture Flop Shows Why It Still Needs M&A
Glencore Plc’s poor performance in agriculture shows exactly why the company still needs a big deal to compete on the international stage. While rival Archer-Daniels-Midland Co. used its global reach to profit from...
Rite Aid, Albertsons Scrap Deal Amid Criticism Ahead of Vote
Rite Aid Corp. and Albertsons Cos. agreed to scrap a merger that would have helped reshape the U.S. retail and health-care industries, as opposition to the transaction increased before a shareholder vote. “While we...
