Bankrupt Spirit Aviation Holdings is in discussions to merge with Frontier Group Holdings, Bloomberg News reported on Tuesday, citing people familiar with the matter. Spirit has long pursued a merger with Frontier. The...
Broadcaster E.W. Scripps rejects Sinclair’s $622 million takeover bid
U.S. broadcaster E.W. Scripps’ board on Tuesday unanimously rejected Sinclair’s $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders. Sinclair, which...
Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
Warner Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer...
Holcim makes biggest Latin American acquisition with deal for Peru’s Cementos Pacasmayo
Holcim has agreed to pay $550 million for a majority stake in Peruvian building materials maker Cementos Pacasmayo, it said on Tuesday, the Swiss company’s biggest ever acquisition in Latin America. Holcim is...
JX unit sells stake in Peruvian mine to Glencore
Japan’s JX Advanced Metals on Tuesday said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an undisclosed sum. The...
Universal offers to sell Downtown’s Curve to win EU approval, source says
Universal Music Group has offered to sell royalty services platform Curve in an attempt to address EU competition concerns over its $775 million bid for Downtown Music, a person with direct knowledge of the matter said...
BAE Systems halves stake in Kazakh carrier Air Astana
Britain’s BAE Systems said on Tuesday it will cut its stake in Kazakh carrier Air Astana by nearly half. The aircraft maker, which currently holds about 16.95% stake in Air Astana, is selling global depository...
Cencora to take majority control of cancer care network OneOncology for $5 billion
U.S. drug distributor Cencora said on Monday it will take majority control of cancer care network OneOncology in a $5 billion deal, accelerating its push to provide more services to cancer clinics. Cencora, which...
Japan’s JX says its Pan Pacific Copper unit sells stake in Peruvian mine to Glencore
Japan’s JX Advanced Metals on Tuesday said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an undisclosed sum. The...
Citi closes sale of 25% stake in Banamex to Mexican billionaire Chico Pardo
Wall Street giant Citigroup said on Monday it had completed the sale of a 25% stake in its Grupo Financiero Banamex to a company owned by Mexican billionaire Fernando Chico Pardo and his family. The deal, which was...
Uniper to launch sale of 20% stake in Opal gas pipeline
German state-owned utility Uniper will launch the sale of its 20% stake in the natural gas pipeline Opal, one of Europe’s largest transmission corridors, the company said on Monday. Uniper’s disposal of the...
HSBC’s $13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod
Hong Kong’s Hang Seng Bank said on Monday an independent board committee found HSBC’s $13.6 billion take-private offer to be fair and reasonable, and recommended its minority investors vote in favour of the...
