Canada’s Sun Life Financial said on Monday it had completed an acquisition of the remaining stakes in BGO and Crescent Capital that it did not already own. The insurer paid C$1.59 billion ($1.14 billion) for...
Reuters.com
Activist Pineal Capital pushes Teladoc to consider split, other changes to boost value
Activist investor Pineal Capital Management has urged sweeping changes at Teladoc Health, calling for cost cuts and a potential breakup of the telehealth provider to unlock shareholder value. In an open letter to the...
Unilever, McCormick near deal to create $60 billion food business
Unilever said on Tuesday it was in advanced talks to combine its food business with spice maker McCormick in a potential deal that would deliver $15.7 billion in cash and give shareholders majority control of the...
American Exchange Group to buy sneaker maker Allbirds for $39 million
American Exchange Group (AXNY) entered an agreement on Monday to buy all the assets and liabilities of footwear maker Allbirds for $39 million. Here are some details on this: Allbirds plans to file a proxy statement...
Unilever-McCormick potential food unit deal includes $16 billion cash component, WSJ reports
Unilever is in advanced talks to combine its food business with U.S. spice maker McCormick, in a deal that includes a cash component of around $16 billion, the Wall Street Journal reported on Monday, citing people...
Canada’s Sun Life buys remaining stakes in BGO, Crescent Capital
Canada’s Sun Life Financial said on Monday it had completed an acquisition of the remaining stakes in BGO and Crescent Capital that it did not already own. The insurer paid C$1.59 billion ($1.14 billion) for...
Japan Post Insurance to acquire 2.9% stake in Britain’s Ashmore Group
British wealth manager Ashmore said on Tuesday that Japan Post Insurance (JPI) had agreed to acquire up to a 2.9% stake in the company and also invest $1 billion in Ashmore-managed emerging market funds...
Austria’s Raiffeisen to buy BBVA’s Romania unit for $680 million
Austria’s Raiffeisen Bank said on Saturday it would buy Garanti BBVA’s Romanian business for 591 million euros ($680 million), its first significant acquisition in recent years. The deal marks a turning...
Italy’s Poste seeks meeting with Telecom Italia board over takeover bid, sources say
Poste Italiane has asked the board of Telecom Italia (TIM) for a meeting where Chief Executive Matteo Del Fante could present the postal services group’s 10.8 billion euro ($12 billion) cash-and-share bid for the...
Citigroup dismisses report of potential US regional bank acquisition
Citigroup on Friday dismissed as “baseless speculation” a Bloomberg News report that its top executives were weighing the acquisition of a U.S. regional bank, saying it remains focused on organic growth...
RTL to offer remedies, likely to win early EU approval for Sky Deutschland bid, sources say
European broadcaster RTL is set to offer remedies in the coming days to address EU antitrust concerns over its acquisition of Sky Deutschland, in a move likely to help it secure early regulatory approval for the deal...
Unilever shareholders to get majority stake in potential McCormick food deal, sources say
A proposed combination of Unilever’s food business with U.S. spice maker McCormick would offer the British group’s shareholders a majority stake in the new entity and tax benefits, two people familiar with...
