Saks Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its Neiman Marcus acquisition, the Wall Street Journal said on Wednesday, citing people familiar with the matter...
Robex shareholders approve $1.45 billion merger with Australia’s Predictive Discovery
Shareholders of Canada’s Robex Resources approved a A$2.17 billion ($1.45 billion) merger with Australian minerals explorer Predictive Discovery, Predictive said on Wednesday. About 94.54% of votes cast backed the...
SoftBank nears deal for data center investment firm DigitalBridge: Bloomberg News
SoftBank is in advanced talks to acquire DigitalBridge, Bloomberg News reported on Monday, citing people familiar with the matter. SoftBank could announce an agreement as soon as Monday, the report said. Reuters...
Meta to buy Chinese startup Manus to boost advanced AI
Meta said on Monday it would acquire Chinese-founded artificial intelligence startup Manus, as the technology giant accelerates efforts to integrate advanced AI across its platforms. Financial terms of its transaction...
Britain’s Octopus Energy to spin out Kraken at $8.65 billion valuation
Britain’s Octopus Energy said on Monday it will spin off its technology arm, Kraken, as an independent company valued at $8.65 billion, after a funding round led by U.S. investment firm D1 Capital Partners. Kraken...
Nigeria’s Tinubu approves $1.42 billion debt write-off for state oil firm NNPC
Nigerian President Bola Tinubu has approved the cancellation of $1.42 billion and 5.57 trillion naira ($3.85 billion) in debts owed by state oil firm NNPC Ltd to the government, the presidency said on Monday. The...
KKR, Kreate complete purchase of South Korea’s Cheongna Logistics Center
Global investment firm KKR and its affiliated Korean asset manager, Kreate Asset Management, said on Tuesday they have completed the purchase of Cheongna Logistics Center, which they say is South Korea’s largest...
UK’s IPF agrees to $733 million takeover by BasePoint entity
British lender International Personal Finance said on Monday it has agreed to a 543 million-pound ($732.51 million) takeover by a company associated with BasePoint Capital, finalising terms ahead of a December 31...
SolGold agrees to $1.2 billion takeover by top investor Jiangxi Copper
Gold and copper miner SolGold said on Wednesday it had agreed to be acquired by its largest shareholder Jiangxi Copper in a deal valuing it at 867 million pounds ($1.17 billion). The 28-pence-per-share deal represents...
Nestle sells remaining 40% Herta stake to Casa Tarradellas, ending joint venture
Nestle said on Tuesday it had completed the sale of its remaining 40% stake in packaged meat business Herta Foods to Spanish company Casa Tarradellas. No other terms were disclosed. Nestle said the joint venture that...
LG Energy Solution to sell US factory assets to Honda
South Korea’s LG Energy Solution (LGES) said on Wednesday it is selling a factory building and assets in the U.S. state of Ohio to Honda Development and Manufacturing of America. The planned $2.86 billion deal...
Serbia’s NIS gets US approval to negotiate sale of Russian stake
The U.S. has granted Serbian oil refiner NIS until March 24 to negotiate the sale of its Russian owner’s stake, Serbia’s state-owned RTS TV reported on Wednesday. However, RTS said NIS had not obtained an...
