Barrick Mining said on Wednesday it will sell its last producing Canadian gold mine, Hemlo, to Carcetti Capital for up to $1.09 billion. Hemlo has produced more than 21 million ounces of gold and was once one of...
Union Pacific CEO held talks with Trump on $85 billion plan to buy Norfolk
Union Pacific Corp CEO Jim Vena met with U.S. President Donald Trump in the Oval Office to discuss the railroad’s proposed $85 billion buyout of Norfolk Southern Corp, the company said on Friday, as it seeks...
Financial services firm JTC in takeover talks with rival bidders Warburg and Permira
London-listed financial services firm JTC Plc said on Friday it was in separate talks with private equity firms Warburg and Permira after rejecting earlier buyout proposals from the two rival suitors. Shares in JTC...
Paramount Skydance preparing bid for Warner Bros Discovery, source says
Paramount Skydance is preparing a bid to buy Warner Bros Discovery, a source familiar with the matter told Reuters on Thursday, potentially bringing together two storied Hollywood studios and reshaping the entertainment...
GE Vernova to sell Proficy to TPG for $600 million, shifts focus to grid software
GE Vernova said on Thursday it will sell its Proficy industrial software unit to private equity firm TPG for $600 million and reinvest the proceeds in grid software. Proficy, which accounts for about 20% of GE Vernova’s...
Carlyle, EQT, HongShan among final bidders for Starbucks China, sources say
Global investment firms Carlyle Group and EQT, alongside regional players HongShan Capital Group and Boyu Capital, are preparing final offers for a controlling stake in Starbucks’ China operations, said five...
Private equity firm Advent to sell generic drugmaker Zentiva to GTCR
Czech generic drugmaker Zentiva said on Thursday that private equity group Advent International had agreed to sell the company to rival GTCR for an undisclosed value. The deal values the Prague-based company at slightly...
Indonesian energy firm Pertamina to merge refinery, shipping, retail operations
Indonesian state energy firm PT Pertamina will merge the operations of its refinery, shipping and retail units to improve efficiency in its core business, CEO Simon Aloysius Mantiri said on Thursday. “We will...
Technip Energies buys Ecovyst’s Advanced Materials & Catalysts business for $556 million
French energy infrastructure company Technip Energies said on Thursday it had agreed to buy U.S.-based chemicals group Ecovyst’s Advanced Materials & Catalysts business for $556 million, sending its shares up...
France’s Artemis won’t exit Puma stake at current value, source says
Artemis, the Pinault family’s holding that controls Gucci-owner Kering, will not sell its 29% stake in sports brand Puma at the current market value and is not engaged in talks over a deal, a source close to the...
Convenience store operator RaceTrac to buy sandwich chain Potbelly for $566 million
RaceTrac agreed to buy sandwich chain Potbelly Corp for approximately $566 million on Wednesday, in a rare move for a convenience store operator to buy out a restaurant brand. Family-owned RaceTrac, which operates...
Italy’s Bending Spoons to take Vimeo private in $1.38 billion deal
Video platform Vimeo, whose popularity surged during the pandemic, said on Wednesday it will be acquired by Italian app developer Bending Spoons for about $1.38 billion, a deal that would take it private after more than...
