TDR Capital said on Monday it agreed to sell its stake in David Lloyd Leisure to a newly formed continuation vehicle that will take majority control of the health and fitness club chain. The Financial Times said the...
Infleqtion to go public in SPAC deal valuing quantum computing firm at $1.8 billion
Infleqtion will go public through a merger with a blank-check company, led by veteran Wall Street dealmaker Michael Klein, valuing the quantum computing startup at $1.8 billion before new investment, the companies said...
Potash maker Nutrien to sell stake in Argentina’s Profertil for $600 million
Nutrien said on Monday it will sell its 50% stake in Argentina-based nitrogen producer Profertil for $600 million, as the world’s top potash producer shifts focus away from South America. The stake will be...
Dick’s Sporting Goods completes $2.4 billion Foot Locker deal
Footwear retailer Dick’s Sporting Goods said on Monday it had completed its $2.4 billion acquisition of Foot Locker. The deal gives Dick’s a stronger foothold in the sneaker market with over 3,200 stores and...
Novartis to acquire Tourmaline Bio in deal valuing it at $1.4 billion
Novartis will acquire Tourmaline Bio for $48 per share, valuing the New York-based biopharmaceutical company at $1.4 billion on a fully diluted basis, the Swiss pharma giant said on Tuesday. Tourmaline is focused on...
Levine Leichtman weighs selling stake in debt fund administrator GLAS, sources say
The owner of Global Loan Agency Services (GLAS) is exploring selling its stake in the debt administration services firm, three people familiar with the matter told Reuters, which would be the latest deal in a sector...
Fosun unit to divest 40% stake in Portugal’s Luz Saude to Macquarie-linked firm
Hong Kong-listed Chinese conglomerate Fosun International said on Friday its unit had agreed to sell a 40% stake in Portugal-based hospital operator Luz Saude for 310 million euros ($362.92 million) to an entity linked...
Cadence Design to buy Hexagon’s design and engineering unit for $3.16 billion
Cadence Design said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB for 2.7 billion euros ($3.16 billion), to expand its customer base and scale up its product portfolio. The U...
Canada’s Strathcona buys more MEG Energy shares, to oppose Cenovus deal
Canadian oil and gas producer Strathcona Resources said on Thursday it has bought additional 6.04 million common shares of rival MEG Energy for about C$172.7 million ($124.99 million). Strathcona now owns or controls...
ExxonMobil considers sale of European chemical plants, FT reports
ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people...
Plains to buy EPIC Crude stake for $1.6 billion from Diamondback, Kinetik
Plains All American Pipeline said on Tuesday it would buy a 55% stake in pipeline operator EPIC Crude Holdings from units of Diamondback Energy and Kinetik Holdings for $1.57 billion, including $600 million in debt...
Insurer IAG’s proposed $877 million buy of RAC insurance draws ACCC scrutiny
Australia’s competition watchdog said on Thursday that Insurance Australia Group’s proposed A$1.35 billion ($877.23 million) acquisition of The Royal Automobile Club of Western Australia’s insurance...
