Drone maker AeroVironment said on Monday it has acquired Empirical Systems Aerospace, a producer of unmanned aircraft systems and advanced air mobility platforms, in a cash-and-stock deal valued at about $200 million...
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Kone in talks to acquire rival TK Elevator, Bloomberg News reports
Finnish lift maker Kone Oyj is in talks to buy TK Elevator, which has been preparing for an initial public offering, Bloomberg News reported on Monday, citing people familiar with the matter. TK Elevator’s...
Crypto company Abra to go public in blank-check merger
Crypto wealth management platform Abra plans to go public through a merger with blank-check firm New Providence Acquisition Corp III, amid renewed investor interest in digital asset companies, Abra said on Monday...
China’s Ant Group clears all hurdles for $359 million Bright Smart acquisition
Ant Group is set to close its HK$2.81 billion ($358.88 million) acquisition of a controlling stake in Bright Smart Securities & Commodities by the end of the month following the satisfaction of all conditions, the...
Jindal Steel’s Thyssenkrupp buy talks in gridlock, a new suitor stirs the pot
Six months after steel magnate Naveen Jindal made an unsolicited bid to acquire the steel assets of Germany’s Thyssenkrupp AG, the two sides have hit an impasse over three key sticking points, according to two people...
Perpetual to sell wealth management arm to Bain Capital for $350 million upfront
Australia’s Perpetual Limited said on Monday it agreed to sell its wealth management business to private equity firm Bain Capital for an upfront cash payment of A$500 million ($350 million). The deal also...
Fertitta Entertainment in talks to buy Caesars for $6.5 billion, CNBC reports
Fertitta Entertainment is negotiating to buy Caesars Entertainment for $32 per share, at an equity value of $6.5 billion, CNBC reported on Saturday, citing sources close to the situation. Fertitta’s terms for...
Malaysia’s IJM board calls Sunway’s $2.8 billion takeover bid ‘not fair’, urges rejection
Malaysia’s IJM Corp said on Friday its board has urged shareholders to reject a roughly 11 billion ringgit ($2.80 billion) takeover offer from conglomerate Sunway, after an independent adviser said the offer...
Besi fields takeover interest on surging demand for advanced chip packaging, sources say
BE Semiconductor Industries has attracted takeover interest as its chip-packaging technology becomes increasingly strategic for semiconductor equipment manufacturers, according to three people familiar with the matter...
ABB open to ‘more than one’ big deal in renewed M&A drive, chairman says
ABB is stepping up its acquisition drive and is open to pursuing more than one multi-billion dollar transaction, Chairman Peter Voser told Reuters, as the Swiss engineering group looks to speed up growth after years...
Ferretti adviser calls KKCG’s stake-raise offer unattractive
Italian yacht maker Ferretti on Friday said an independent financial adviser has called Czech investment group KKCG’s offer to double its stake in the firm “not attractive.” In a statement, Ferretti...
Abivax denies AstraZeneca takeover rumors reported by French media
Biotechnology company Abivax on Thursday dismissed a report by French media publication La Lettre saying it had granted AstraZeneca exclusive access to confidential information until March 23 to allow the British...
