U.S. power firm NextEra Energy is in talks to combine with smaller Virginia-based utility Dominion Energy, a deal that would create a company valued at about $400 billion including debt, the Financial Times reported...
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Singapore telecom regulator suspends review of M1, Simba merger
Singapore’s Infocomm Media Development Authority said on Monday it has suspended its review of a merger between telecom companies Simba Telecom and Keppel’s M1. The regulator said in a statement that...
UK’s Intertek set to back $12.7 billion EQT takeover bid after investor pressure
Britain’s Intertek is ready to recommend a 9.4-billion-pound ($12.7-billion) takeover proposal by Swedish private equity group EQT, the product testing company said on Wednesday, bowing to investor pressure after...
Comcast’s Sky advances talks to acquire ITV unit with performance-based payout, sources say
Comcast-owned Sky is advancing towards a deal to acquire ITV’s Media and Entertainment unit in a transaction that will include a payout dependent on the British broadcaster’s performance, three people...
Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stake
The Indian government has approved the proposal for the listing and disinvestment of Mahanadi Coalfields Limited (MCL), paving the way for the coal producer’s potential stock market debut through an initial public...
Blackstone, CD&R explore bids for Ben & Jerry’s owner Magnum
Blackstone and CD&R are among private equity firms in the early stages of exploring bids for Magnum Ice Cream Company, two sources familiar with the matter told Reuters, less than six months after the owner of...
UK’s Gamma Communications in preliminary talks with Oakley Capital, Giacom on possible takeover
British telecoms firm Gamma Communications confirmed on Friday that it is in preliminary talks with private equity firm Epiris, and separately, a consortium led by Oakley Capital and IT service provider Giacom on a...
UK regulator conditionally clears $3.7 billion Getty-Shutterstock merger
Britain’s competition regulator on Friday said it would clear Getty Images’ proposed $3.7 billion merger with Shutterstock if the latter sells its editorial arm to address concerns around news content...
Schroders to exit wholly-owned China fund management unit, sources say
Schroders is exiting its wholly owned China fund unit and has reached a deal to sell its products to Neuberger Berman, three people with knowledge of the matter said, as the British fund manager looks to move out of...
Hana Bank to acquire stake in Dunamu for $700 mln, filing says
South Korea’s Hana Bank will acquire a 1 trillion won ($700 million) stake in Dunamu, operator of the country’s largest cryptocurrency exchange, the bank’s holding company said in a regulatory...
LVMH to sell Marc Jacobs to WHP Global, G-III as buyers raise $850 million
French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal...
Thoma Bravo eyes stake sale in Command Alkon, sources say
Thoma Bravo is exploring a sale of its stake in construction software maker Command Alkon, as the private equity firm tries to generate returns in pockets of software seen as more resilient to broader AI disruption...
