The Lycra Company, a maker of spandex and other stretch fabrics, has filed for Chapter 11 bankruptcy protection in Houston, Texas, on Tuesday, seeking to shed $1.2 billion in debt. The company’s lenders agreed to...
GSR acquires crypto advisory firms in $57 million expansion
Crypto trading firm and liquidity provider GSR is acquiring two digital asset advisory firms in a $57 million deal to become a “one stop shop” crypto capital markets partner, the company said on Tuesday...
3D Energi says ConocoPhillips’ Australian unit seeks to buy its stake in Otway Basin
Australia’s 3D Energi said on Wednesday it received a buyout notice from the Australian unit of ConocoPhillips to acquire its participating interest in the VIC/P79 exploration permit, offshore Otway Basin, for...
Elliott Management confirms stake in Japan shipper Mitsui OSK
Elliott Investment Management said on Wednesday that it has built a “significant” investment in Japanese shipping company Mitsui OSK Lines, confirming an earlier Reuters report.
Petrobras to purchase Petronas’ stakes in two offshore fields for $450 million
Brazilian state-run firm Petrobras said on Monday it had decided to exercise its right to purchase Malaysian company Petronas’ 50% stake in two offshore fields in Brazil for $450 million, according to a...
Drone-maker AeroVironment buys aerospace engineering firm ESAero in $200 million deal
Drone maker AeroVironment said on Monday it has acquired Empirical Systems Aerospace, a producer of unmanned aircraft systems and advanced air mobility platforms, in a cash-and-stock deal valued at about $200 million...
Kone in talks to acquire rival TK Elevator, Bloomberg News reports
Finnish lift maker Kone Oyj is in talks to buy TK Elevator, which has been preparing for an initial public offering, Bloomberg News reported on Monday, citing people familiar with the matter. TK Elevator’s...
Crypto company Abra to go public in blank-check merger
Crypto wealth management platform Abra plans to go public through a merger with blank-check firm New Providence Acquisition Corp III, amid renewed investor interest in digital asset companies, Abra said on Monday...
China’s Ant Group clears all hurdles for $359 million Bright Smart acquisition
Ant Group is set to close its HK$2.81 billion ($358.88 million) acquisition of a controlling stake in Bright Smart Securities & Commodities by the end of the month following the satisfaction of all conditions, the...
Jindal Steel’s Thyssenkrupp buy talks in gridlock, a new suitor stirs the pot
Six months after steel magnate Naveen Jindal made an unsolicited bid to acquire the steel assets of Germany’s Thyssenkrupp AG, the two sides have hit an impasse over three key sticking points, according to two people...
Perpetual to sell wealth management arm to Bain Capital for $350 million upfront
Australia’s Perpetual Limited said on Monday it agreed to sell its wealth management business to private equity firm Bain Capital for an upfront cash payment of A$500 million ($350 million). The deal also...
Fertitta Entertainment in talks to buy Caesars for $6.5 billion, CNBC reports
Fertitta Entertainment is negotiating to buy Caesars Entertainment for $32 per share, at an equity value of $6.5 billion, CNBC reported on Saturday, citing sources close to the situation. Fertitta’s terms for...
