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...
Advent Has Held Talks to Sell Pharmacy Company Genoa
Private-equity firm Advent International has held talks with potential buyers about selling pharmacy company Genoa Healthcare, according to people familiar with the matter. Genoa, which could be worth about $2.5 billion...
Hollywood Talent Firm UTA Sells Stake to Take On Larger Rivals
United Talent Agency, which represents stars such as Angelina Jolie and Kevin Hart, sold a minority stake to private equity firms Investcorp and PSP Investments, raising money it will use to acquire companies and...
Future of Media Deals Is on the Line in AT&T Case, U.S. Says
U.S. antitrust officials sent a stark warning to the federal appeals court considering AT&T Inc.’s acquisition of Time Warner Inc.: No less than the future of media is at stake. The case will help establish whether...
Japan Tobacco to Acquire Bangladesh Company for $1.5 Billion
Japan Tobacco Inc. agreed to buy a Bangladeshi cigarette maker for 124.3 billion taka ($1.5 billion), taking its acquisition strategy to one of the fastest-growing economies in Asia. The Japanese company is acquiring...
HNA Is Said in Talks to Sell $2.2 Billion Avolon Stake to Orix
HNA Group Co., the Chinese conglomerate unwinding a global acquisition spree, is in advanced talks to sell a minority stake in jet lessor Avolon Holdings Ltd. to Japan’s Orix Corp., people with knowledge of the matter...
Kraft Heinz Is Narrowing Bidders in $1 Billion India Sale
Kraft Heinz Co. has narrowed the list of bidders for a portfolio of Indian businesses it’s selling that includes the children’s milk drink Complan, people with knowledge of the matter said. Tata Group, India’s biggest...
Jin Jiang Weighs Bid for $2 Billion Hotelier Radisson
Chinese hospitality provider Jin Jiang International Holdings Co. is weighing a bid for Radisson Hotel Group, the global chain owned by HNA Group Co., people with knowledge of the matter said. Jin Jiang, which is...
Binance to Buy Crypto-Wallet Company in First-Ever Acquisition
Binance, one of the world’s biggest cryptocurrency exchanges, is embarking on its first acquisition as it seeks to give customers more control over their digital coins. The closely held firm bought Trust Wallet, a...
SoftBank-Owned ARM Is Said to Agree to Buy Treasure Data
ARM Holdings Plc, the British computer-chip designer owned by SoftBank Group Corp., has agreed to buy U.S.-based data analytics firm Treasure Data Inc., people familiar with the matter said. Treasure Data may fetch...
JPMorgan Sees `Massive Amounts’ of Cash Feeding M&A in Nordics
There’s a lot of cash swishing about in the Nordic region and that leaves plenty of potential for more mergers and acquisitions, according to JPMorgan Chase & Co. “There’s massive amounts of dry powder both on the...
