The Baldwin Group said on Tuesday it will buy rival insurance broker CAC Group in a $1.03 billion cash-and-stock deal, adding to a string of mergers in recent years as industry consolidation accelerates. U.S. insurance...
Marvell to buy chip startup Celestial AI for $3.25 billion, bullish on growth next year
Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its next fiscal year. Marvell’s shares were up about 13% in...
Oil majors unite to oppose Subsea7-Saipem merger in Brazil antitrust case
Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday...
Exxon in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oilfield, sources say
Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil’s majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the...
South Korea’s Doosan Bobcat in talks to buy Wacker Neuson
Wacker Neuson said on Tuesday that South Korea’s Doosan Bobcat was in talks to buy a majority stake in the German construction equipment maker. Doosan Bobcat, a unit of Korean conglomerate Doosan, is in...
UnitedHealth agrees to sell South American business to private equity firm Patria for $1 billion, sources say
UnitedHealth Group has agreed to sell its last South American business Banmedica to Brazilian private equity group Patria Investments for $1 billion, two sources with knowledge of the matter said on Sunday. The final...
China’s Anta Sports and Li Ning exploring bid for Puma, source says
Chinese sportswear firms Anta Sports Products and Li Ning are among those exploring a potential takeover of struggling German sportswear brand Puma, a source with knowledge of the matter said on Thursday. Both Hong Kong...
Warburg Pincus to acquire Raptor Technologies for around $1.8 billion, sources say
Warburg Pincus has agreed to acquire a majority stake in Raptor Technologies from fellow investment firm Thoma Bravo, in a deal that values the school safety software provider at around $1.8 billion, according to people...
NatWest in exclusive talks to sell Cushon to Willis Towers Watson, sources said
NatWest Group is in exclusive talks to sell its 85% stake in workplace pension provider Cushon to U.S. insurance broker Willis Towers Watson just two years after the British bank acquired the business, two people with...
Italy conditionally approves Chinese JD.com’s takeover of Ceconomy
Italy’s government has given its conditional approval to Chinese e-commerce giant JD.com’s takeover of German electronics retailer Ceconomy, a parliamentary document showed on Thursday. Using its so-called...
Forvia to sell part of car interiors business as part of debt-cutting push
Forvia is looking to sell part of its car interiors unit as part of an ongoing push to trim its portfolio and reduce debt, it said on Friday. The car parts supplier has so far completed a quarter of the 1-billion-euro...
Naver’s payment arm to acquire South Korean crypto exchange operator in $10 bln deal
Naver Financial, a unit of South Korean internet giant Naver, has agreed to acquire Dunamu, an operator of the country’s largest cryptocurrency exchange Upbit, in an all-stock deal valued at 15.13 trillion won...
