Electric component maker Atkore is considering options including a potential sale after it came under activist investor pressure, Bloomberg News reported on Wednesday, citing people familiar with the matter...
Axalta investor Artisan Partners urges rejection of AkzoNobel deal
Investor Artisan Partners is unhappy with Axalta Coating Systems’ plans to combine with AkzoNobel in an all-stock deal that will create a paint industry giant with an enterprise value of $25 billion. “As an...
Total and Chevron lead race to buy into Galp’s Namibia oil discovery, sources say
Oil majors TotalEnergies and Chevron have emerged as front-runners in the auction for a 40% operating stake in Galp’s Mopane discovery in Namibia, four sources told Reuters. Oil companies have flocked to Namibia...
Mexico’s ASUR buys Motiva’s Latin American airports in $2.2 billion deal
Mexico’s Grupo Aeroportuario del Sureste (ASUR) signed a contract to buy the airport portfolio of Brazilian infrastructure operator Motiva for 11.5 billion reais ($2.16 billion), including net debt, Motiva said on...
US states can intervene to challenge HPE’s $14 billion Juniper acquisition
A group of U.S. states can intervene in a case over Hewlett-Packard Enterprise’s $14 billion acquisition of Juniper Networks, which the U.S. Department of Justice has proposed to settle and let the deal move...
Topgolf Callaway sells majority stake in unit at $1.1 billion valuation
Golf-equipment maker Topgolf Callaway Brands agreed to sell a majority stake in its Topgolf unit to private equity firm Leonard Green on Tuesday, valuing the business at $1.1 billion and marking an end to the...
Poland’s ING Bank Slaski agrees to acquire remaining 55% stake in Goldman Sachs TFI
ING Bank Slaski said on Tuesday that it had agreed to acquire the remaining 55% stake in Polish asset management company Goldman Sachs TFI from Goldman Sachs Asset Management International Holdings for 396 million...
Italy counting on M&A deal to cut MPS stake, favours BPM merger, sources say
Italy will hold onto its remaining 4.9% stake in bailed-out bank Monte dei Paschi di Siena (MPS) while the lender incorporates its recently-acquired rival Mediobanca, two sources close to the matter told Reuters. But...
Broadcaster Sinclair builds stake in rival Scripps, presses for merger
U.S. broadcaster Sinclair on Monday disclosed an 8.2% stake in smaller rival E.W. Scripps and said it has been in talks for months about a deal that would combine the companies. Shares of Cincinnati-based Scripps jumped...
Chevron joins race to explore potential purchase of Lukoil assets, sources say
U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday. The U.S. Treasury gave clearance last week to...
Buyout firm Thoma Bravo has offered to buy Clearwater Analytics, sources say
Private equity firm Thoma Bravo has made an offer to acquire Clearwater Analytics, people familiar with the matter said on Monday, as the race to buy out the software provider to investment firms gathers pace. THE...
KKR to buy up to $75.4 billion of PayPal’s European BNPL loans in renewed deal
PayPal and KKR have renewed their partnership that will see the investment giant purchase up to 65 billion euros ($75.4 billion) of the payments provider’s European buy now, pay later loans, the companies said on...
