Italian yacht maker Ferretti said on Thursday its board considers a sweetened offer by Czech investment firm KKCG Maritime “not fair or reasonable” for independent shareholders. KKCG Maritime, which...
Reuters.com
PE firm Arcline walks away from bid for UK’s Senior as other suitors circle
The field of suitors for British aerospace and defence supplier Senior Plc narrowed after private equity firm Arcline Investment Management dropped out of buyout talks on Wednesday, though negotiations with other...
Libya’s Haftar acquires combat drones despite UN embargo
Eastern Libya’s military leader, Khalifa Haftar, has acquired what appear to be Chinese and Turkish combat drones, Reuters reporting has found, despite a long-standing U.N. embargo on supplying weapons to the...
Activist investor Jana Partners discloses 5% stake in Alkami Technology
Activist investor Jana Partners has taken a 5.1% stake in Alkami Technology, as it believes that the banking technology company’s shares are undervalued. Jana owned 5.4 million shares of Alkami, a Plano, Texas...
Amazon eyes $9 billion Globalstar deal to rival SpaceX’s Starlink, FT reports
Amazon is in talks to buy satellite telecom group Globalstar as it ramps up efforts to build its own low-earth-orbit satellite business to rival SpaceX’s Starlink, the Financial Times reported on Wednesday...
Estee Lauder, Puig advance talks for a stock‑based deal, Bloomberg News reports
U.S. cosmetics giant Estee Lauder and Spanish firm Puig are advancing talks to combine in a deal that would consist mostly of stock, Bloomberg News reported on Wednesday, citing people familiar with the matter. The...
Investor Artisan Partners backs Unilever’s plan to sell food unit
Artisan Partners, which has a history of driving strategic change at consumer companies, welcomed Unilever’s decision on Tuesday to merge its food business with McCormick, saying the Dove soap maker should now be...
KKR plans to privatise Japan’s Taiyo Holdings with $3.3 billion tender offer
Global investment firm KKR said on Tuesday that an entity owned by its investment funds seeks to make a tender offer to buy all shares of Japanese chemical manufacturer Taiyo Holdings for 528.56 billion yen ($3.33...
Lilly seals up to $7.8 billion deal for Centessa in sleep disorder bet
Eli Lilly said on Tuesday it would buy Centessa Pharmaceuticals in a deal valued at up to $7.8 billion as the U.S. drugmaker looks to diversify beyond its metabolic portfolio and expand into treatments for sleep...
Unilever and McCormick agree to food business deal
Unilever has agreed to separate its food unit, home to Knorr and Hellmann’s, and merge it with spice maker McCormick in a cash-and-stock deal valuing the British firm’s food business at about $44...
Carlyle to buy majority stake in MAI Capital at over $2.8 billion valuation
MAI Capital Management said on Tuesday that funds managed by investment firm Carlyle Group will buy a majority stake in a deal valuing the wealth management firm at more than $2.8 billion. The move deepens...
Italy’s Mundys builds stake in Eurotunnel operator, closing in on Eiffage
Italian infrastructure group Mundys is aiming to build a stake of up to 29.9% of voting rights in Getlink, the Paris-based Channel Tunnel operator, through two transactions that would bring it close to top shareholder...
