Singapore’s CapitaLand Integrated Commercial Trust said on Monday it has agreed to sell Asia Square Tower 2, a commercial development in Marina Bay precinct, to Malaysia’s IOI Properties for S$2.48...
Reuters.com
American rejects merger talks with United Airlines
American Airlines said on Friday that it was not interested in a merger with United Airlines and had not held any such talks, diminishing prospects of an industry-reshaping deal that would face tough regulatory...
Premier Energy to buy Macquarie’s Romanian power distribution network for $824 million
Budapest-listed Premier Energy has agreed to buy Evryo Group’s power distribution network from Australia’s Macquarie for about 700 million euros ($824.39 million), the companies said on Friday. The...
Hogan Lovells, Cadwalader partners approve law firm merger
Partners at international law firm Hogan Lovells and New York-based Cadwalader Wickersham & Taft have signed off on their merger to create a 3,100-lawyer firm with $3.6 billion in combined revenues, marking the...
Prince Al Waleed’s Kingdom Holding to acquire majority stake in Al Hilal
Kingdom Holding Company, owned by billionaire businessman Prince Al Waleed bin Talal, has signed a binding agreement to acquire a 70% stake in Saudi Pro League soccer club Al Hilal, Saudi Arabia’s Public Investment...
Schroders shareholders approve $13.4 billion sale to Nuveen
Schroders shareholders on Thursday approved a 9.9 billion pound ($13.4 billion) sale of the British asset manager to U.S. rival Nuveen, confirming the end of independence for one of London’s historic fund houses...
AmEx to buy Altman-backed Hyper in push for AI-powered expense tools
Credit card giant American Express said on Thursday it would buy Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman. The deal underscores how large...
UK’s Intertek rejects $11 billion buyout proposal from EQT
Intertek has rejected a buyout proposal from Swedish private equity firm EQT AB valuing the group at about 7.93 billion pounds ($10.74 billion), saying it undervalued the British product testing company. EQT offered to...
UK retailer JD Sports sells entire Applied Nutrition stake for $66.5 million
British sportswear retailer JD Sports Fashion has sold its entire 9.1% stake in Applied Nutrition for about 49 million pounds ($66.47 million), a bookrunner said on Thursday. The retailer was the second-biggest...
Botswana is in talks on stake in Angola’s Lobito refinery, officials say
Angola’s state oil firm Sonangol has begun high-level talks with Botswana on the sale of a stake in the new $6.6 billion Lobito refinery, two senior company officials said on Thursday. Angola has been seeking...
Elliott takes stake in Japan’s Daikin, calls for higher returns
Elliott Investment Management said on Thursday it has taken a stake in Daikin and thinks the manufacturer of air conditioners should improve margins and shareholder returns and review non-core assets. Elliott did...
Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake
Trading firm Jane Street has committed about $6 billion for CoreWeave’s cloud services, marking the third major deal for the Nvidia-backed cloud company in a week and underscoring surging demand for computing...
