Australian advertising firm oOh!media said on Tuesday it had received indicative takeover offers from Bain Capital and other financial sponsors, triggering a three-way bidding war with I Squared Capital and Pacific...
Reuters.com
J&J to buy cancer drug technology developer Firefly Bio for $1 billion
Johnson & Johnson said on Monday it will acquire biotech Firefly Bio for $1 billion in cash, as it looks to expand its cancer drug pipeline. Firefly’s Firelink platform uses antibodies to deliver a protein...
Ingredion to buy UK’s Tate & Lyle for $3.6 billion
U.S. group Ingredion has struck a deal to buy Britain’s Tate & Lyle for £2.7 billion ($3.6 billion) in cash to create a leading speciality food and beverage ingredients company. The deal underscores how food...
Italy’s BPM invites MPS to $58 billion merger talks as Intesa, BPER weigh move
Italy’s Banco BPM said on Sunday it would invite Banca Monte dei Paschi di Siena to discuss a potential tie-up, with sources saying MPS had also attracted interest from Intesa Sanpaolo and BPER Banca. MPS, which...
United Airlines CEO says big merger unlikely after American rebuff, asset buys possible
United Airlines remains open to buying airport slots, gates or other assets if higher fuel prices put weaker rivals under pressure, but it is unlikely to pursue a major consolidation deal after its failed overture to...
Italy’s Intesa launches Monte dei Paschi takeover bid
Intesa Sanpaolo on Monday launched a bid to acquire all shares of Banca Monte Dei Paschi Di Siena (MPS), the company said. Intesa said its share-and-cash offer entailed a premium of 12.5% versus Monte dei...
Bouygues-led consortium signs $23.44 billion deal to buy SFR from Altice France
Bouygues Telecom, Orange and Free-iliad Group said on Saturday they have signed a memorandum of understanding with Altice France to buy telecoms operator SFR for €20.35 billion ($23.44 billion), including debt. If...
Saks Global wins court approval for bankruptcy restructuring
Saks Global received court approval for its bankruptcy restructuring on Friday, clearing the luxury retailer to exit from Chapter 11 with a smaller store footprint and lower debt. U.S. Bankruptcy Judge Alfredo Perez...
Govt considers selling 2% stake in Hindustan Zinc to raise ₹5,000 crore
India is considering selling as much as a 2 per cent stake in Hindustan Zinc Ltd. in a transaction that could raise up to ₹5,000 crore ($525 million), according to people familiar with the matter. The Department of...
Law firm Morgan & Morgan explores stake sale, eyes long-term IPO, sources say
Morgan & Morgan, the largest U.S. personal injury law firm, has hired JPMorgan to explore a minority stake sale that could pave the way for a public listing years from now, according to two people familiar with the...
Cargill in talks to sell metals unit to Macquarie, sources say
Cargill is in talks to sell its metals unit to Macquarie Group, five sources with knowledge of the matter said, as the global trading house aims to focus on its core food and agriculture operations. All five sources...
William Hill UK owner Evoke agrees $326 million takeover by Greek lottery firm
British bookmaker Evoke agreed to be acquired by Greek lottery and gaming firm Bally’s Intralot on Friday in an all-share deal valuing it at about £243 million ($326 million), sending its shares up 14%...
