DBS Group, Southeast Asia’s top bank by assets, is the frontrunner to buy a controlling stake in Indonesia’s Panin Bank, three people with knowledge of the matter said. The Singapore lender was competing...
South Africa’s Pepkor to buy Retailability adult clothing businesses
South Africa’s Pepkor said on Tuesday it will buy fashion businesses Legit, Swagga and Style and homewares brand Boardmans from privately owned retail group Retailability, as part of its expansion into the adult...
Italy’s Prysmian seals $1 bln buy of Channell to grow U.S. presence
Italy’s Prysmian has agreed to buy U.S. connectivity device manufacturer Channell Commercial Corp for up to $1.15 billion, the world’s largest cable maker said on Tuesday. The deal, which comes less than a...
UK food group Greencore increases bid for rival Bakkavor, Bloomberg News reports
British convenience food manufacturer Greencore has increased its bid for rival Bakkavor Group, Bloomberg News reported on Tuesday, citing sources. Bakkavor, which operates in Britain, China and the United States, has...
UK’s Ithaca Energy to acquire Japex’s North Sea business for $193 million
Ithaca Energy said on Tuesday it would acquire Japan Petroleum Exploration’s (Japex) UK unit for $193 million, as it seeks to become one of the biggest independent North Sea energy companies. Ithaca will take on...
PE firm Clearlake to buy Dun & Bradstreet for $4.1 billion in cash
Dun & Bradstreet has agreed to be acquired by private equity firm Clearlake Capital for $4.1 billion, the data and analytics provider said on Monday, putting an end to its second stint as a public company after its...
DNA testing firm 23andMe files for bankruptcy as demand dries up
23andMe on Sunday filed for bankruptcy in the U.S. after struggling with weak demand for its ancestry testing kits and a 2023 data breach that damaged its reputation. The company’s shares fell 50% to 88 cents in...
Roper Technologies to buy healthcare tech firm CentralReach for $1.65 billion
Roper Technologies agreed to acquire healthcare technology company CentralReach from Insight Partners for about $1.65 billion, the software company said on Monday. The acquisition, which follows Roper’s purchase...
Italy’s Banco BPM secures over 50% of Anima as Caltagirone tenders stake
Italy’s Banco BPM has secured more than half of the capital of Anima Holding in its bid for the fund manager, Reuters calculations showed on Monday, thanks to the stake tendered by a leading Anima investor...
Brazilian airline Gol ties up $1.25 billion financing in Chapter 11 exit bid
Brazilian airline Gol said on Monday it had struck a deal with investors in which they would purchase up to $1.25 billion in debt instruments, a key step toward the carrier’s exit from Chapter 11 bankruptcy...
Tullow Oil to sell Gabon assets for $300 million
Tullow Oil has signed an agreement with Gabon Oil Company to sell its entire working interests in Gabon for $300 million in cash, the London-listed company said on Monday, as it looks to reduce its debt burden. The West...
James Hardie offers $8.8 billion for US building products maker AZEK
Fibre-cement maker James Hardie Industries agreed to buy U.S. artificial decking maker AZEK for $8.75 billion including debt, seizing on a downturn in the American home building market to expand its offer beyond...
