Aeroflex Enterprises announced that its subsidiary, M.R. Organisation, has acquired 51% equity stake through its USA subsidiary in ABP Impex, based in Portugal (EU), that specialises in providing services for high...
Auto parts maker Dana to sell unit to Allison Transmission for $2.7 billion
Dana will sell its off-highway business to Allison Transmission for $2.7 billion, the auto parts makers said on Wednesday. Shares of the Maumee, Ohio-based Dana rose 7% after the bell. Its board authorized a $1 billion...
Apollo and Irth Capital made an offer to buy Papa John’s, sources say
Apollo Global Management and Irth Capital Management have approached Papa John’s International for a deal that would take the U.S. pizza chain private, two people familiar with the matter said on Wednesday. The...
Reckitt talks exclusively to Advent on Essential Home sale, sources say
Britain’s Reckitt is talking exclusively to private equity firm Advent International over a sale of the consumer goods group’s Essential Home business, two sources with direct knowledge of the matter told...
Canada’s WSP Global to acquire UK’s Ricardo for $490 million
Canada-based WSP Global said on Wednesday that it would acquire British environmental and engineering consulting firm Ricardo for about 363.1 million pounds ($489.6 million), including debt. Under the deal, Ricardo...
General Mills mulls sale of China Haagen-Dazs stores, Bloomberg News reports
General Mills is considering selling its Haagen-Dazs ice cream stores in China, Bloomberg News reported on Wednesday, citing people familiar with the matter. The Minneapolis, Minnesota-based company may seek several...
Nissan supplier Marelli files for Chapter 11, secures $1.1 billion in new financing
Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of uncertainty about its talks with creditors...
KKR-Stonepeak raise bid in battle for UK’s Assura to $2.3 billion
Private equity firms KKR and Stonepeak Partners raised their offer for Britain’s Assura on Wednesday to almost 1.7 billion pounds ($2.3 billion), topping a rival bid with their “best and final” offer...
BayWa sells Dutch unit Cefetra for $143 million to trim debt
Embattled German trading group BayWa has sold its grain and oilseed trading unit Cefetra to Dutch company PGFO for about 125 million euros ($143 million) as part of an effort to cut its debt burden, it said on Tuesday...
French luxury group Kering buys sun lens maker Lenti from Italy’s Safilo
Kering Eyewear has agreed to buy Italian sunglass lens maker Lenti from Safilo, the unit of French luxury group Kering said on Tuesday, as it pushes for greater control of its supply chain. Headquartered in the northern...
Disney to pay additional $438.7 million for NBCU’s stake in Hulu
Walt Disney said on Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its stake in the streaming service. The transaction gives Disney complete ownership of...
South Korea’s Hanwha Group says it has US approval for Austal stake increase
Hanwha Group has received approval from the U.S. Committee on Foreign Investment (CFIUS) to increase its shareholding in Australian shipbuilder Austal to 19.9% from the current 9.9%, the South Korean conglomerate said...
