Johnson & Johnson said on Monday it would buy privately held Halda Therapeutics for $3.05 billion in cash, aiming to expand its presence in treatments targeting solid tumors and prostate cancer. This marks the...
L’Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
Cosmetics giant L’Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly...
Law firms Ashurst, Perkins Coie agree merger to create global top-20 outfit
London-headquartered law firm Ashurst and U.S.-based Perkins Coie on Monday announced they have agreed a merger which would create a combined firm of 3,000 lawyers with $2.7 billion in revenue, putting it in the top 20...
GlobalFoundries buys Singapore’s Advanced Micro Foundry in push to speed up AI data center networks
Chip manufacturer GlobalFoundries said on Monday it has acquired Advanced Micro Foundry (AMF), a Singapore-based chipmaker that focuses on silicon photonics, a fast-growing field that is being used in artificial...
Abu Dhabi’s ADIA to sell 5% stake in Qatar telco Ooredoo
The Abu Dhabi Investment Authority will sell 160.5 million of its existing shares in Qatari telecommunications company Ooredoo, around half of its shareholding, in a secondary share offering, Ooredoo said on Monday. The...
Vattenfall to sell electricity distribution business in Britain to Eclipse Power
Swedish utility Vattenfall said on Monday it had agreed to sell its electricity distribution business in Britain, Vattenfall Networks, to Eclipse Power. “The sale supports Vattenfall’s purpose to enable fossil...
Novo Holdings to sell about 8% stake in UK’s ConvaTec, bookrunner says
Novo Holdings, which controls obesity drugmaker Novo Nordisk, will sell 154.5 million shares, or 7.8% of its stake, in British medical products maker ConvaTec Group, a bookrunner for the offering said on Monday. Novo is...
Barrick Mining considers splitting into two entities, sources say
The board of Canada’s Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources familiar with the...
Chandra Asri gets $750 million from KKR to buy Exxon’s Singapore fuel stations
Indonesia’s Chandra Asri Pacific said on Monday it has secured a bespoke $750 million financing package from investment firm KKR to support its purchase of ExxonMobil’s Esso-branded retail fuel station...
Activist investor Irenic builds stake in Papa John’s, sources say
Activist investor Irenic Capital Management built a stake in Papa John’s during the third quarter, sources familiar with the matter told Reuters on Friday, adding a fresh dimension to mounting speculation about...
RedBird’s bid for UK’s Telegraph collapses after newsroom opposition
U.S.-based private investment firm RedBird Capital Partners on Friday pulled out of a 500-million-pound ($671-million) bid for Britain’s Telegraph Media Group, the latest twist in a two-and-a-half-year saga at one...
Teamshares to list in US via $746 million T. Rowe Price-backed SPAC deal
Teamshares, a buyer of small- to medium-sized enterprises, said on Friday it would go public in the U.S. through a $746 million blank-check deal with Live Oak Acquisition Corp backed by accounts advised by investment...
