Merck KGaA, the German healthcare and technology group, said on Monday it is in advanced talks to acquire U.S. cancer and rare diseases drugmaker SpringWorks Therapeutics. Merck, in a statement, said its negotiations to...
Canada’s TD Bank to exit Charles Schwab stake worth $15.4 billion
Canada’s Toronto-Dominion Bank said it would offload its 10.1% stake in U.S. financial services firm Charles Schwab, as part of a strategic review undertaken following a landmark U.S. fine. TD holds 184.7 million...
Del Vecchio family holding Delfin considering selling UniCredit stake – Corriere della Sera
The holding of the Del Vecchio family, Delfin, is exploring the possibility of selling its 2.7% stake in UniCredit, the Corriere della Sera newspaper reported on Tuesday, citing banking sources. According to the daily...
Novonesis to buy DSM-Firmenich’s stake in enzymes venture for $1.6 bln
Novonesis said on Tuesday that it had agreed to buy the stake of its partner, Swiss-Dutch chemical manufacturer DSM-Firmenich, in their joint enzymes venture for 1.5 billion euros ($1.55 billion). The Danish company...
Elon Musk-led group makes $97 billion bid for control of OpenAI
A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire’s fight to block the artificial intelligence startup from...
Nippon Steel considering ‘bold’ revision to US Steel buyout, government spokesperson says
Japan’s Nippon Steel is considering proposing a bold change in plan from its previous approach of seeking to buy U.S. Steel, Chief Cabinet Secretary Yoshimasa Hayashi said on Monday, though the company declined to...
Elon Musk says he is not interested in buying TikTok
Billionaire Elon Musk said that he was not interested in purchasing TikTok, the popular short-video app that the United States has been trying to ban over national security concerns with its Chinese owner ByteDance...
Outsourcing firm Conduent fields buyout interest, sources say
Conduent, a business processing outsourcing firm that was spun out of Xerox, is exploring a sale after receiving acquisition interest, people familiar with the matter told Reuters on Friday. The Florham, New Jersey...
Britain’s L&G sells US protection unit to Japanese insurer for $2.3 billion
Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the...
Pernod Ricard considers sale of Mumm champagne, sources say
Pernod Ricard is exploring a sale of its champagne brand G.H. Mumm, according to five sources familiar with the matter, as it looks to focus on premium labels in its portfolio. The French spirits company behind Absolut...
C&S Wholesale Grocers nears deal to buy Winn-Dixie stores, sources say
A group led by C&S Wholesale Grocers is closing in on a deal to buy nearly 350 Winn-Dixie grocery and liquor stores from German discount chain Aldi’s U.S. unit, according to people familiar with the matter...
Elliott builds $1.5 billion stake in Aspen, opposes Emerson deal
Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company’s decision to accept Emerson Electric’s $7.2 billion tender offer. Elliott...
