Bank of America has agreed to buy a $9 billion portfolio of residential mortgage loans from Toronto-Dominion Bank, a source familiar with the matter said on Friday. TD did not immediately respond to a request for...
TPG to buy solar firm Altus Power for $2.2 billion
Buyout firm TPG’s climate investment arm will acquire Altus Power in an all-cash deal worth $2.2 billion, including the assumption of debt, the companies said in a statement on Thursday. The announcement...
Ontario Teachers’ Pension Plan explores $4 billion-plus sale of Mitratech, sources say
Ontario Teachers’ Pension Plan is exploring a potential sale of Mitratech that could value the provider of legal and compliance software at more than $4 billion, including debt, according to people familiar with...
Unipol-backed BPER joins Italy’s M&A frenzy with $4.5 bln Pop Sondrio bid
Italy’s fourth-largest bank BPER on Thursday joined in a raft of takeover bids rocking the country’s financial sector, with a 4.3 billion euro ($4.46 billion) all-share bid for Banca Popolare di Sondrio...
Walgreens sells more shares in Cencora; cuts stake to 6%
U.S. drugstore chain Walgreens Boots Alliance said on Thursday it has sold more shares in drug distributor Cencora for proceeds of about $300 million. The company said that it now owns a 6% stake in Cencora, trimming it...
Piraeus in exclusive talks with CVC to buy 70% of Greek insurer Ethniki
Piraeus Financial, one of Greece’s four largest banks, said on Thursday that is in exclusive talks with CVC Capital Partners to acquire 70% of Ethniki Insurance. Piraeus CEO Christos Megalou told journalists...
KKR sweetens offer for Fuji Soft as bidding war with Bain goes another round
U.S. private equity firm KKR has sweetened its offer for Japan’s Fuji Soft by 4%, the latest salvo in its protracted and messy bidding war with Bain Capital for the $4 billion IT firm. The saga underscores an...
Canada’s BCI to buy BBGI infrastructure fund in $1.32 billion deal
Canada’s BCI, one of the country’s largest asset managers, will buy BBGI Global Infrastructure S.A. in a deal valuing the Luxembourg-based investment firm at 1.06 billion pounds ($1.32 billion), the...
Alstom to sell German plant to defence equipment maker KNDS
French train maker Alstom has agreed to sell its Görlitz plant in Germany to defence equipment maker KNDS, the companies said on Wednesday. KNDS will start using the plant this year to produce assemblies for the Leopard...
AMD’s $4.9 bln ZT Systems deal faces EU antitrust decision by March 12
European Union antitrust regulators will decide by March 12 whether to clear U.S. chipmaker AMD’s $4.9 billion bid for server maker ZT Systems, a European Commission filing showed on Wednesday. AMD announced the...
Nissan may call off merger talks with Honda, source says
Japan’s Nissan may call off its merger talks with Honda, according to a person familiar with the matter, adding that Nissan’s board members were due to meet in the near future to decide a course of action...
Grab and GoTo in advanced merger talks, sources say
Southeast Asian ride-hailing and food delivery company Grab is in advanced talks to merge with its smaller Indonesian rival GoTo as the firms seek to stem years of losses, two sources familiar with the matter told...
