Under a tent in the Saudi desert, Ziad Al-Labban’s showing off his vision for the world’s largest oil supplier — and it looks like an Ikea store. Al-Labban has spent his career helping Saudi Aramco meet about 10...
Toyota Says It Sold Entire Stake in Tesla in 2016
Toyota Motor Corp. has sold its stakes in Californian electric carmaker Tesla Motors Inc., a spokeswoman for Japan’s largest carmaker said Saturday. The sale marks the end of collaboration between the two companies, for...
SNC-Lavalin Steps Up Deal Push With $2.6 Billion Atkins Bid
SNC-Lavalin Group Inc. is holding talks to buy WS Atkins Plc of the U.K. for 2.08 billion pounds ($2.6 billion) as Canada’s biggest engineering and construction company looks to expand its global reach with a record...
OnDeck Capital Holders Hoping for a Sale May Have to Wait
On Deck Capital Inc. jumped as much as 11 percent on Thursday after a report that the New York-based online lender is an acquisition target of closely held rival Kabbage Inc. How realistic is a deal? Not very. That...
The Latest Acquisition Targets Are Indie Beauty Brands
More than half a century ago, Revlon founder Charles Revson famously described the true business of cosmetics makers: “We sell hope.” Today the same could be said about what the large, established beauty houses see in...
More Gaming Industry Deals on the Cards as GVC Eyes Takeovers
A wave of online gaming takeovers is set to continue this year as companies are driven to deals by increased regulation and taxation, according to the head of one of the industry’s leading consolidators. “I wouldn’t...
ADM Eyes Egypt Buy as Pound Float Seen Boosting M&A Interest
Archer-Daniels-Midland Co.’s Swiss unit is seeking to buy a stake in Egyptian sweeteners-maker National Co. for Maize Products, an early sign that the Arab country’s currency float has made some local companies more...
Gold Miners Burned by Bad Deals Are Again Rushing to M&A
It’s been a dirty word in the gold-mining industry for the last three years, but now companies can’t stop saying it: growth. Top executives are on the hunt for mergers and acquisitions, and focusing on exploration as...
Rio Tinto Should Hold the Dividends and Buy Alcoa Instead
What’s the point of assembling mining’s best balance sheet if you’re not allowed to trash it once in a while? Rio Tinto Group has worked hard to set its house in order as the last decade’s...
AT&T-Time Warner Kicks Off Media Mergers
We’re calling it: 2017 is going to be the year of media and wireless megamergers. Randall Stephenson, the head of AT&T Inc. and soon-to-be media mogul, kicked things off in October with a $108.7 billion deal...
Oil IPOs Ready to Bloom Across the U.S.
It may be time for a baby boom in U.S. oil. Rising crude prices and a deregulatory push in Washington may spur as many as 40 companies to hold initial public offerings over the next two years, potentially tripling...
Pipeline Deals Help Push Canadian Takeovers Abroad to Record
Mergers and acquisitions involving Canadian companies soared to a nine-year high in 2016, driven by a record string of pipeline deals by energy firms frustrated at home. Pipeline deals — including Enbridge Inc.’s...
