Foreign bidders for Australian companies could be liable for higher reverse break fees if regulatory approval is not received, in the wake of the failed $434 million takeover of Mayne Pharma, lawyers said. Treasurer Jim...
Proposed Teck-Anglo merger is subject to national security review, Canada says
Canada will submit the proposed merger of Anglo American and Teck Resources to a national security review, Industry Minister Melanie Joly said on Wednesday. Joly also said Ottawa would come to a final decision in the...
Poland’s Orlen offers to buy out Energa minorities to take full control
Polish state-controlled refiner Orlen said on Wednesday it plans to buy out the remaining shares in its utility unit Energa to take full ownership, with a price tag of about 709 million zlotys ($189 million). The move...
Angermayer’s Enhanced to list on Nasdaq in $1.2 billion SPAC deal
Sports technology firm Enhanced said on Wednesday it will go public in the U.S. through a merger with special purpose acquisition company A Paradise Acquisition Corp, in a deal valued at $1.2 billion. Blank-check firms...
Brookfield, GIC offer record $2.6 billion for Australia’s National Storage
Australia’s National Storage REIT said on Wednesday it had received a A$4.02 billion ($2.61 billion) buyout offer from a consortium of Brookfield and Singapore’s GIC in what would be the country’s biggest...
US judge approves bid from Elliott affiliate for Citgo Petroleum parent
A U.S. judge on Tuesday approved a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum’s parent, clearing the way to order the sale of Venezuela...
South Korea’s HD Hyundai, Lotte Chemical submit plan to restructure petrochemical businesses
South Korea’s HD Hyundai and Lotte Chemical have submitted a plan to the industry ministry on restructuring their petrochemical businesses, the companies said in separate regulatory filings on Wednesday. Under the...
Saudi wealth fund PIF to sell 3.3% stake in Mecca project developer
Saudi Arabia’s public wealth fund PIF plans to sell 3.3% of its stake in Umm Al Qura for Development and Construction Co through an accelerated bookbuild, one of the banks arranging the deal said on Tuesday. The...
Sinclair offers to buy E.W. Scripps in bid to expand broadcast TV reach
U.S. broadcaster Sinclair has offered to buy E.W. Scripps in a cash-and-stock deal that values its smaller rival at $538 million, as cord-cutting and competition from streaming services lead to consolidation in the...
Financial services firm SWB to list on NYSE in $8.1 billion SPAC deal
Financial services firm SWB will go public in the U.S. through a merger with Soulpower Acquisition Corp in a $8.1 billion deal, the special purpose acquisition company said on Monday. Blank-check deals have made a...
Hungary’s second largest bank MBH to sell 7% stake in public offer
Hungary’s second largest lender MBH Bank will sell 7% of its shares in a public offering starting from Tuesday to broaden the investor base and increase trading activity, the bank said in a statement on Monday...
Performance Food Group and US Foods end merger talks
Performance Food Group Company and US Foods will no longer pursue a potential merger, the companies said on Monday. The move comes roughly two months after the food distributors agreed to exchange sensitive financial...
