Universal Music Group’s board on Friday unanimously rejected an unsolicited takeover proposal from Bill Ackman’s Pershing Square Capital Management, saying it was not in the best interests of shareholders...
Reuters.com
MPS CEO says no merger talks with BPM, focus is on Mediobanca
Italy’s Monte dei Paschi di Siena (MPS) is focused on integrating recently acquired Mediobanca and is not holding merger talks with Banco BPM, CEO Luigi Lovaglio said on Friday. Italian media reported on...
Activist Voss Capital urges Sempra to spin off Texas electricity unit Oncor, letter says
Activist investor Voss Capital has urged Sempra to spin off its Oncor electricity unit, creating a high-growth Texas-focused utility unencumbered by the $60 billion energy giant’s predominant California...
Hospitality baron Fertitta expands leisure push with $18 billion Caesars buyout
Hospitality billionaire Tilman Fertitta’s firm will buy Caesars Entertainment in a $17.6 billion deal, the companies said on Thursday, expanding his leisure empire. The deal, which will take one of the Las Vegas...
MPS, Banco BPM discussed merger after Lovaglio reappointed, Italian news agency says
Italy’s Monte dei Paschi di Siena (MPS) and rival Banco BPM held talks about a long-mooted potential merger shortly after Luigi Lovaglio was reappointed as MPS CEO in April, Italian news agency Adnkronos...
Germany’s RWE mulls raising stake in Amprion, source says
RWE, Germany’s biggest power producer, is considering buying further shares in power network operator Amprion, a person familiar with the matter said. RWE currently holds a 25.1% stake in Germany’s second...
UK watchdog clears Suzano, Kimberly-Clark $3.4 billion joint venture
Britain’s competition watchdog said on Thursday it would not refer the proposed $3.4 billion joint venture between Brazilian pulp producer Suzano and consumer goods giant Kimberly-Clark for a Phase 2...
Japan state-backed fund considering sale of chipmaking materials maker JSR, sources say
Japan Investment Corp (JIC), a state-backed fund, is considering selling JSR, two people familiar with the matter said, two years after it took the maker of chipmaking materials private in a $6 billion deal. Fujifilm...
Bollore urges UMG to reject Ackman’s $64 billion bid
Bollore CEO Cyrille Bollore on Wednesday urged Universal Music Group to reject Bill Ackman’s takeover proposal, saying the offer undervalued the label, relied on the company’s own cash and did not fit its...
CoStar nears $800 million deal to buy Zonda in housing data push, sources say
CoStar Group, a commercial real estate data and listings company, is nearing a deal to acquire housing‑market data provider Zonda for nearly $800 million from private equity firm MidOcean Partners, according to two...
Apex Service Partners nears minority stake sale at $10 billion valuation, source says
Home services company Apex Service Partners is nearing a minority stake sale that could value it at around $10 billion, including debt, according to a source familiar with the situation. The company, backed by private...
EDF delays Edison stake sale to 2027 as Hormuz crisis drags on, sources say
French utility EDF has postponed a plan to sell a stake in its Italian subsidiary Edison to next year as the disruption to liquefied natural gas supplies due to the Iran conflict drags on, two sources with direct...
