Celsius Holdings said on Thursday it would buy health and wellness drinks brand Alani Nutrition in a $1.8 billion deal through a combination of cash and stock, boosting its portfolio to build on the growing demand for...
Ping An to sell 42% stake in Autohome to Haier Group for $1.8 billion
Hong Kong-listed Autohome said on Thursday the financial conglomerate Ping An Insurance will cease to be its controlling shareholder after agreeing to sell a 41.91% stake in the company for $1.8 billion. Yun Chen...
Spirit Airlines gets court approval for $795 million debt deal
A U.S. bankruptcy judge on Thursday approved Spirit Airlines’ debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company. U.S...
Britain’s Frasers drops bid for Norway’s XXL
British sportswear and fashion group Frasers said on Thursday it would not proceed with its bid for Norwegian sporting goods retailer XXL ASA, saying several of XXL’s other large shareholders would not accept the...
AI startup Humane to wind down wearable pin business, sell assets to HP
Artificial intelligence startup Humane is shutting down its wearable pin business and selling its assets to personal computer maker HP Inc for $116 million after getting disappointing reviews and lack of orders for the...
Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project
Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated, Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its long-term earnings...
Herc to buy H&E for $3.83 billion after rival United Rentals exits deal
Machinery rentals firm Herc Holdings has signed a deal to buy H&E Equipment Services for $3.83 billion, excluding debt, after H&E terminated its merger agreement with United Rentals, the companies said on...
Siemens raises around $1.5 billion from selling Siemens Healthineers stake
German engineering company Siemens is selling a 2% stake in healthcare subsidiary Siemens Healthineers, it said on Wednesday, raising roughly 1.45 billion euros ($1.5 billion) that could help pay for its acquisition of...
Canadian Tire to sell Helly Hansen business to Kontoor Brands for $901 million
Canadian Tire said on Wednesday it would sell its premium workwear business Helly Hansen to Kontoor Brands for C$1.28 billion ($901.2 million), as part of efforts to focus on its core business. The transaction is...
Saudi Aramco to acquire 25% stake in Unioil Petroleum Philippines
Saudi Arabia’s Aramco has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, the company said in a statement late on Wednesday. The company, however, did not disclose the financial...
Coach parent Tapestry to sell Stuart Weitzman footwear brand for $105 million
Coach parent Tapestry will sell its Stuart Weitzman brand to Dr Scholl’s footwear owner Caleres for $105 million in cash, the companies said on Wednesday. The divestment comes months after Tapestry said it was...
UK’s Rosebank Industries in talks to buy US-based wire harness maker ECI
British investment firm Rosebank Industries said on Wednesday it is in talks to buy US-based Electrical Components International (ECI), which makes wire harnesses, from private equity firm Cerberus Capital Management...
