Energy infrastructure developer Hecate Energy will go public in the United States in a $1.2 billion deal with blank-check vehicle EGH Acquisition, the companies said on Thursday, as the revival in SPAC transaction...
Prudential to raise stake in Malaysia life insurer holding firm to 70% for $377 million
British insurer Prudential said on Thursday it had agreed to buy an additional 19% stake in Sri Han Suria, the holding company that owns Prudential Assurance Malaysia, for around 1.52 billion ringgit ($376.61 million)...
UK’s Beazley rejects Zurich Insurance’s $10 billion takeover bid
Beazley on Thursday rejected a 7.67-billion-pound ($10.3 billion) takeover offer from Zurich Insurance as materially undervaluing the UK speciality insurer, adding it was lower than another proposal the group turned...
Capital One strikes $5.15 billion Brex deal, quarterly profit rises on interest income boost
Capital One Financial said on Thursday it will acquire fintech firm Brex in a cash and stock deal valued at $5.15 billion and reported a rise in quarterly profit on the back of higher interest income from its credit...
Hot-diggity-dog: Smithfield Foods acquires iconic Nathan’s Famous
U.S. pork processor Smithfield Foods will buy century-old Nathan’s Famous in a $450 million deal that adds the most iconic U.S. hot dog name to its portfolio of brands, the company said Wednesday. Smithfield will...
UK’s NCC Group to sell Escode for $369.4 million
Cybersecurity specialist NCC Group said on Wednesday it has agreed to sell its Escode business to private equity firm TDR Capital for an enterprise value of 275 million pounds($369.35 million), leaving it as a pure-play...
Next buys British footwear brand Russell & Bromley
Fashion retailer Next said on Wednesday it has purchased British footwear brand Russell & Bromley through an insolvency process, paying 2.5 million pounds ($3.4 million). Next said it was also paying 1.3 million...
South Africa’s Nedbank to buy majority stake in Kenya’s NCBA for $856 million
South Africa’s Nedbank Group said on Wednesday it has offered to buy a 66% stake in Kenya’s NCBA Group in a cash-and-stock deal for 13.9 billion rand ($855.5 million) as part of the lender’s ambitions...
US uranium producer Energy Fuels to expand rare earths supply chain with ASM deal
U.S. uranium producer Energy Fuels has agreed to pay a large premium for Australian Strategic Materials (ASM), as the United States bolsters efforts to secure Western supply chains for rare earth elements. Energy Fuels...
Berkshire may shed 27.5% Kraft Heinz stake, filing shows
Berkshire Hathaway may shed its 27.5% stake in Kraft Heinz, according to a regulatory filing, and exit a more than decade-old investment that did not work out for the conglomerate’s Chairman Warren Buffett. Kraft...
Cenovus considers selling some Alberta assets valued around C$3 billion, sources say
Canadian oil producer Cenovus Energy is considering a sale of conventional oil and gas assets in the Deep Basin of Alberta as it looks to cut debt after the recent takeover of oil sands rival MEG Energy, two sources...
Inspira Global to buy controlling stake in Burger King India operator RBA as Everstone exits
Restaurant Brands Asia said on Tuesday Inspira Global will invest up to 34.16 billion rupees ($375.06 million) for a controlling stake in the Burger King India operator, as private equity firm Everstone exits its stake...
