China’s state-owned shipping giant Cosco aims to secure at least 20%-30% stake in a $23 billion ports deal involving strategic assets in the Panama Canal, as Beijing moves to renegotiate the terms of a sale...
Blackstone clinches $6.5 billion Enverus deal
Blackstone, the world’s largest alternative asset manager, has agreed to buy energy data and analytics provider Enverus, it said in a statement on Wednesday, as dealmaking in the private equity sector shows signs...
MasterBrand, American Woodmark to merge in $3.6 billion cabinetry deal
U.S. cabinetry manufacturers MasterBrand Inc and American Woodmark Corp said on Wednesday they will merge in an all-stock deal, creating a company worth $3.6 billion, including debt, amid consolidation in the highly...
Novartis weighs deal for biotech Avidity Biosciences, FT reports
Swiss drugmaker Novartis has approached U.S. biotech Avidity Biosciences for a potential takeover offer, the Financial Times reported on Wednesday, citing people familiar with the matter. Shares of Avidity rose 23% to...
Western Midstream to buy Aris Water for $1.5 billion
Western Midstream Partners said on Wednesday it will acquire Aris Water Solutions in a cash-and-stock deal valued at about $1.5 billion as it aims to diversify operations in the Permian Basin. Shares of Aris Water...
Sabadell shareholders approve TSB sale, $2.9 billion special dividend
Sabadell shareholders on Wednesday unanimously approved the sale of its TSB business in Britain to Santander, which analysts see as a defensive move against BBVA’s hostile takeover bid. The shareholders also...
UK watchdog clears Omnicom’s $13.25 billion deal to buy Interpublic
Britain’s competition regulator said on Wednesday it would not refer the merger between Omnicom and Interpublic to an in-depth phase 2 probe, clearing the way for the creation of the world’s largest...
TotalEnergies sells 45% stake in Argentina oil and gas blocks to YPF for $500 million
TotalEnergies said on Wednesday that its affiliate Total Austral had agreed to sell its 45% interest in two unconventional oil and gas blocks to Argentina’s YPF. The deal has been valued at $500 million...
FTC seeks to block Edwards Lifesciences’ acquisition of JenaValve
The U.S. Federal Trade Commission has sued to block Edwards Lifesciences Corp’s acquisition of JenaValve Technology Inc, saying in a lawsuit filed in Washington on Wednesday that the merger would decrease...
FTAI Infrastructure to buy The Wheeling Corp for $1.05 billion
Logistics infrastructure developer FTAI Infrastructure said on Wednesday it had agreed to buy The Wheeling Corporation for $1.05 billion to expand its freight rail platform. New York-based FTAI Infrastructure will...
Disney’s ESPN to acquire NFL media assets in major deal
Walt Disney’s ESPN has reached a landmark deal with the National Football League to acquire NFL Network and other media assets from the league in exchange for the NFL taking a 10% equity stake in the sports...
Lufthansa abandons process to buy stake in Spain’s Air Europa
Lufthansa has abandoned its plan to bid for a stake in Spanish airline Air Europa, a spokesperson for the German group said on Tuesday, only a week after Air France-KLM announced it was also dropping out of the process...
