Dutch technology investor Prosus is considering selling a roughly 10% stake in Germany’s Delivery Hero, in which it is the largest shareholder, to Hong Kong-based Aspex Management, Bloomberg News reported on...
Reuters.com
Novartis to pay up to $2 billion for US biotech firm Excellergy
Swiss drugmaker Novartis will buy California-based biotech company Excellergy in a deal worth up to $2 billion, it said on Friday, extending its anti-allergy range and in line with plans to increase its U.S. focus. A...
Pernod Ricard in merger talks with Jack Daniel’s maker Brown-Forman
France’s Pernod Ricard and Jack Daniel’s owner Brown-Forman are in discussions about a possible merger, the companies said on Thursday, a move that would unite the world’s second-largest spirits maker...
Mastercard explores sale of payments unit it bought from Nets in 2019, FT reports
Mastercard is seeking to sell the real-time payments unit that it acquired from Denmark’s Nets Group in 2019 for $3.2 billion, the Financial Times reported on Thursday, citing people familiar with the matter...
Equitable, Corebridge set to merge, create $22 billion US insurance giant
U.S. insurers Equitable and Corebridge Financial said on Thursday they will merge in an all-stock deal that would create a $22 billion retirement, life insurance and asset management company. The combined company will...
KKCG Maritime sweetens offer for raising stake in Italian yacht maker Ferretti
Czech investment firm KKCG Maritime on Friday raised its voluntary offer to boost its stake in Italian yacht maker Ferretti, to as much as 203.3 million euros ($234.55 million). The revised offer of 3.90 euros per...
ABF’s Hovis takeover clears Britain review, flagged in Northern Ireland
Britain’s competition regulator on Thursday flagged competition risks in Northern Ireland over Associated British Foods’ acquisition of rival Hovis, while provisionally clearing it in Britain after finding...
Malaysia’s Sunway wins shareholder approval for $2.76 billion IJM takeover bid
Malaysian conglomerate Sunway won shareholder approval for its proposed takeover of construction firm IJM Corp, with 99.27% voting in favour at an extraordinary general meeting on Thursday, its chairman Jeffrey Cheah...
Thyssenkrupp, Jindal Steel sale talks falter on pension, energy costs, sources say
Discussions of a possible sale of Thyssenkrupp’s steel unit to Jindal Steel International could be called off due to differences over pension liabilities, investments and energy costs, four people familiar with...
Infosys to acquire US firms Optimum Healthcare IT for $465 million, Stratus for $95 million
Indian IT services firm Infosys said on Wednesday it had entered into separate agreements to acquire U.S.-based technology companies Optimum Healthcare IT and Stratus in all-cash deals. Infosys will buy...
Spanish gambling group Codere to go on sale for $2.3 billion, Expansion reports
Spanish gambling group Codere has hired Jefferies and Macquarie Capital to advise on the company’s imminent sale that could value it at more than 2 billion euros ($2.32 billion), newspaper Expansion reported on...
Germany’s Henkel nears deal for hair care brand Olaplex, Bloomberg News reports
Germany’s Henkel is in advanced talks to buy U.S. hair care brand Olaplex in a deal that would value the company at about $2 per share, Bloomberg News reported on Wednesday, citing sources. Here are some...
