Saudi Arabia’s public wealth fund PIF plans to sell 3.3% of its stake in Umm Al Qura for Development and Construction Co through an accelerated bookbuild, one of the banks arranging the deal said on Tuesday. The...
Sinclair offers to buy E.W. Scripps in bid to expand broadcast TV reach
U.S. broadcaster Sinclair has offered to buy E.W. Scripps in a cash-and-stock deal that values its smaller rival at $538 million, as cord-cutting and competition from streaming services lead to consolidation in the...
Financial services firm SWB to list on NYSE in $8.1 billion SPAC deal
Financial services firm SWB will go public in the U.S. through a merger with Soulpower Acquisition Corp in a $8.1 billion deal, the special purpose acquisition company said on Monday. Blank-check deals have made a...
Hungary’s second largest bank MBH to sell 7% stake in public offer
Hungary’s second largest lender MBH Bank will sell 7% of its shares in a public offering starting from Tuesday to broaden the investor base and increase trading activity, the bank said in a statement on Monday...
Performance Food Group and US Foods end merger talks
Performance Food Group Company and US Foods will no longer pursue a potential merger, the companies said on Monday. The move comes roughly two months after the food distributors agreed to exchange sensitive financial...
FinMin renews merger proposal of state-owned general insurance companies
The Finance Ministry is considering an earlier proposal to merge the three state-owned general insurance companies into a single entity, following their improved financial health, to achieve better efficiency and scale...
BHP walks away from last stab at Anglo American takeover
BHP on Monday pulled back from a last-ditch effort to buy Anglo American and bolster its dominance in copper, just two weeks before shareholders at Anglo and Canada’s Teck Resources were set to vote on a $60...
Australia’s Macquarie bids $7.5 billion for logistics group Qube
Shares of Australian industrial logistics group Qube Holdings hit an all-time high on Monday after it said it received an A$11.6 billion ($7.5 billion) buyout bid from Macquarie Asset Management (MAM). Shares in Qube...
Blue Owl considers reviving merger of private credit funds, contingent on fund’s share price, sources say
Blue Owl Capital is considering reviving a plan to merge two of its private credit funds if the share price of the larger fund improves, as the alternative asset manager evaluates its options after facing investor...
Portugal says only Europe’s three largest airlines showed interest in TAP privatisation
Portugal’s state holding company Parpublica said on Saturday it had received only three expressions of interest in a minority stake in flag carrier TAP, all from Europe’s largest airlines and none from...
Daily Mail owner strikes $650 million deal to buy the Telegraph
Daily Mail owner DMGT said on Saturday it had struck a 500 million pound ($650 million) deal to buy rival newspaper The Telegraph in a tie-up that would create one of the most powerful right-leaning media groups in...
Australia’s Webjet Group draws sweetened buyout bid from BGH Capital as bidding war brews
Australia’s Webjet Group became the centre of a potential takeover tussle on Friday after private equity firm BGH Capital lifted its bid to A$0.91 a share, edging past a rival approach from Helloworld Travel...
