Bayer said on Wednesday that it will buy biopharmaceutical company Perfuse Therapeutics to complement its ophthalmology pipeline. The deal has a potential value of up to $2.45 billion, the company said in a...
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Thyssenkrupp, Jindal call off steel sale talks after months of negotiations
Thyssenkrupp has paused talks with India’s Jindal Steel International about a possible sale of the German industrial group’s steel unit, it said on Saturday, marking a setback for CEO Miguel Lopez’s...
More states join legal challenge to Nexstar, Tegna merger
Five more U.S. states are joining an antitrust lawsuit challenging Nexstar’s acquisition of rival broadcaster Tegna after a judge temporarily blocked the deal from proceeding, according to California’s...
MARA to buy Ohio gas plant operator Long Ridge for $1.5 billion as it pivots beyond bitcoin
MARA Holdings told Reuters on Thursday it will buy Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion including debt, a major step in the bitcoin miner’s push to reposition as a digital...
LEO Pharma to buy U.S. drug developer Replay for $50 million upfront
Danish drugmaker LEO Pharma said on Thursday it had agreed to buy U.S. drug developer Replay for $50 million upfront, adding an experimental treatment platform for rare genetic skin diseases to its dermatology...
Activist investor Engine Capital urges engineering contractor KBR to explore sale, WSJ reports
Activist investor Engine Capital has built a roughly 2% stake in KBR and is urging the engineering contractor to explore a sale, the Wall Street Journal reported on Wednesday, citing a letter from a senior executive...
Apollo, Blackstone and KKR vie for Shell stake in LNG Canada, sources say
Apollo Global Management, Blackstone and KKR are battling it out to acquire a significant stake in the mammoth LNG Canada project from energy major Shell, three people familiar with the matter said. The trio, among...
GameStop is preparing offer for eBay, WSJ reports
GameStop is preparing an offer for eBay as CEO Ryan Cohen pursues plans to boost the struggling videogame retailer’s market value more than tenfold, the Wall Street Journal reported on Friday. Shares of eBay...
BP weighs potential exit from UK North Sea, Bloomberg News reports
BP is weighing a sale of some or all of its UK North Sea operations as part of a broader effort to cut debt and refocus on higher-return oil and gas projects, Bloomberg News reported on Friday, citing people familiar...
India’s John Distilleries open to further stake sale to Sazerac, founder says
John Distilleries is open to selling more, and potentially all, of its founder’s remaining stake to U.S. spirits group Sazerac, following an earlier round valuing the Indian liquor maker at about 40 billion...
Japan halts MBK’s Makino Milling buyout bid on security concerns
The Japanese government has asked Asian private equity fund MBK Partners to halt its acquisition of machine tools maker Makino Milling Machine, citing national security concerns, in only the second such case to date...
Exxon Mobil in talks to sell Hong Kong fuel station network, sources say
U.S. energy major Exxon Mobil is in talks to sell its Hong Kong fuel stations in a deal that could fetch a few hundred million dollars, said three people with knowledge of the matter. The company has hired a financial...
