Australia’s National Storage REIT said on Wednesday it had received a A$4.02 billion ($2.61 billion) buyout offer from a consortium of Brookfield and Singapore’s GIC in what would be the country’s biggest...
US judge approves bid from Elliott affiliate for Citgo Petroleum parent
A U.S. judge on Tuesday approved a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum’s parent, clearing the way to order the sale of Venezuela...
South Korea’s HD Hyundai, Lotte Chemical submit plan to restructure petrochemical businesses
South Korea’s HD Hyundai and Lotte Chemical have submitted a plan to the industry ministry on restructuring their petrochemical businesses, the companies said in separate regulatory filings on Wednesday. Under the...
Saudi wealth fund PIF to sell 3.3% stake in Mecca project developer
Saudi Arabia’s public wealth fund PIF plans to sell 3.3% of its stake in Umm Al Qura for Development and Construction Co through an accelerated bookbuild, one of the banks arranging the deal said on Tuesday. The...
Sinclair offers to buy E.W. Scripps in bid to expand broadcast TV reach
U.S. broadcaster Sinclair has offered to buy E.W. Scripps in a cash-and-stock deal that values its smaller rival at $538 million, as cord-cutting and competition from streaming services lead to consolidation in the...
Financial services firm SWB to list on NYSE in $8.1 billion SPAC deal
Financial services firm SWB will go public in the U.S. through a merger with Soulpower Acquisition Corp in a $8.1 billion deal, the special purpose acquisition company said on Monday. Blank-check deals have made a...
Hungary’s second largest bank MBH to sell 7% stake in public offer
Hungary’s second largest lender MBH Bank will sell 7% of its shares in a public offering starting from Tuesday to broaden the investor base and increase trading activity, the bank said in a statement on Monday...
Performance Food Group and US Foods end merger talks
Performance Food Group Company and US Foods will no longer pursue a potential merger, the companies said on Monday. The move comes roughly two months after the food distributors agreed to exchange sensitive financial...
FinMin renews merger proposal of state-owned general insurance companies
The Finance Ministry is considering an earlier proposal to merge the three state-owned general insurance companies into a single entity, following their improved financial health, to achieve better efficiency and scale...
BHP walks away from last stab at Anglo American takeover
BHP on Monday pulled back from a last-ditch effort to buy Anglo American and bolster its dominance in copper, just two weeks before shareholders at Anglo and Canada’s Teck Resources were set to vote on a $60...
Australia’s Macquarie bids $7.5 billion for logistics group Qube
Shares of Australian industrial logistics group Qube Holdings hit an all-time high on Monday after it said it received an A$11.6 billion ($7.5 billion) buyout bid from Macquarie Asset Management (MAM). Shares in Qube...
Blue Owl considers reviving merger of private credit funds, contingent on fund’s share price, sources say
Blue Owl Capital is considering reviving a plan to merge two of its private credit funds if the share price of the larger fund improves, as the alternative asset manager evaluates its options after facing investor...
