Lowe’s Cos said on Wednesday it has agreed to buy interior building products distributor Foundation Building Materials for nearly $8.8 billion, stepping up its expansion into the business that serves contractors...
Bankrupt jewelry retailer Claire’s to sell its North American business
Jewelry retailer Claire’s said on Wednesday it would sell its North American business to private equity firm Ames Watson for $104 million in cash, in a deal that will keep at least 795 retail locations in business...
UK blocks Versarien asset sale to Chinese-linked joint venture on security grounds
Britain blocked the proposed acquisition of graphene-related assets owned by Versarien Plc by a joint venture involving China’s Anhui Boundary Innovative Materials Technology, citing national security concerns...
Guess to go private in $1.4 billion deal with Authentic Brands, co-founders and CEO
Guess said on Wednesday it has agreed to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic Brands, in a deal valuing the designer apparel brand at $1.4 billion, including debt. As...
Dayforce in advanced talks for $70 per share buyout by Thoma Bravo
HR software firm Dayforce said on Wednesday it was in advanced discussions to be acquired by Thoma Bravo for $70 per share, as private equity firms look to software as growth drivers in an uncertain economy...
Black Hills, NorthWestern merge to form $15.4 billion utility to meet surging demand
Black Hills and NorthWestern Energy said on Tuesday they would merge, creating a $15.4 billion regulated electric and natural gas utility better equipped to invest in grid infrastructure and meet rising U.S. power...
Sinclair offers to merge broadcast TV business with rival Tegna, source says
U.S. television station owner Sinclair has made an offer to merge its broadcast TV business with smaller rival Tegna, which is in advanced talks on a potential sale to Nexstar Media Group, a person familiar with the...
US oil and gas M&A activity quadrupled last year, report says
Mergers and acquisitions in the U.S. oil and gas sector more than quadrupled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to an Ernst &...
Turkish Airlines says Spain’s Air Europa accepts its offer to buy a minority stake
Turkish Airlines said on Tuesday that its offer for the acquisition of a minority stake in Spanish airline Air Europa has been accepted. The Turkish flag carrier disclosed in June that it was holding non-binding talks...
China’s Dongfeng Motor puts its 50% stake in Dongfeng Honda Engine up for sale
China’s Dongfeng Motor has put its 50% stake in Dongfeng Honda Engine Company up for sale, according to a stock exchange filing on the Guangdong United Assets and Equity Exchange on Monday. A reserve price has yet...
AI startup Perplexity makes bold $34.5 billion bid for Google’s Chrome browser
Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet’s Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser’s billions of users pivotal to...
Ampol nears $656 million deal to buy EG Group’s Australian fuel stations, AFR reports
Australia’s Ampol is in advanced talks to buy British fuel station operator EG Group’s Australian service station portfolio in a deal that could exceed A$1 billion ($656.30 million), the Australian Financial...
