Britain’s competition regulator has cleared the proposed 1.2-billion-pound ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor on Wednesday, scrapping an in-depth probe into the...
Criteria lifts Naturgy stake to 26% after buying 2% from BlackRock
Spain’s Criteria has bought a 2% stake in energy firm Naturgy for around 485 million euros ($568 million), lifting its holding to 25.986%, a spokesperson for Criteria said on Wednesday following a filing to market...
Diageo sells East African Breweries stake to Asahi for $2.3 billion
Diageo, the world’s largest spirits group, has agreed to sell its 65% stake in East African Breweries to Japan’s Asahi Holdings for $2.3 billion, divesting its last direct African beer holding. The deal...
Spirit and Frontier Airlines eye merger, Bloomberg News reports
Bankrupt Spirit Aviation Holdings is in discussions to merge with Frontier Group Holdings, Bloomberg News reported on Tuesday, citing people familiar with the matter. Spirit has long pursued a merger with Frontier. The...
Broadcaster E.W. Scripps rejects Sinclair’s $622 million takeover bid
U.S. broadcaster E.W. Scripps’ board on Tuesday unanimously rejected Sinclair’s $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders. Sinclair, which...
Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
Warner Bros Discovery’s board could announce a decision as early as Wednesday on Paramount Skydance’s $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer...
Holcim makes biggest Latin American acquisition with deal for Peru’s Cementos Pacasmayo
Holcim has agreed to pay $550 million for a majority stake in Peruvian building materials maker Cementos Pacasmayo, it said on Tuesday, the Swiss company’s biggest ever acquisition in Latin America. Holcim is...
JX unit sells stake in Peruvian mine to Glencore
Japan’s JX Advanced Metals on Tuesday said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an undisclosed sum. The...
Universal offers to sell Downtown’s Curve to win EU approval, source says
Universal Music Group has offered to sell royalty services platform Curve in an attempt to address EU competition concerns over its $775 million bid for Downtown Music, a person with direct knowledge of the matter said...
BAE Systems halves stake in Kazakh carrier Air Astana
Britain’s BAE Systems said on Tuesday it will cut its stake in Kazakh carrier Air Astana by nearly half. The aircraft maker, which currently holds about 16.95% stake in Air Astana, is selling global depository...
Cencora to take majority control of cancer care network OneOncology for $5 billion
U.S. drug distributor Cencora said on Monday it will take majority control of cancer care network OneOncology in a $5 billion deal, accelerating its push to provide more services to cancer clinics. Cencora, which...
Japan’s JX says its Pan Pacific Copper unit sells stake in Peruvian mine to Glencore
Japan’s JX Advanced Metals on Tuesday said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an undisclosed sum. The...
