Canadian oil and gas producer Strathcona Resources said on Thursday it intends to buy an additional 5% stake in rival MEG Energy and vote against the acquisition of MEG by another rival, Cenovus Energy. Cenovus agreed...
Celebrity-backed diaper maker Coterie nears sale to Mammoth Brands, sources say
Premium baby diaper brand Coterie, which counts models and entrepreneurs Karlie Kloss and Ashley Graham as investors, is in talks to sell itself to consumer goods company Mammoth Brands, according to people familiar...
Desjardins to take Guardian Capital private in $1.21 billion deal
Canada’s Guardian Capital Group has agreed to be taken private by Desjardins Global Asset Management in a C$1.67 billion ($1.21 billion) all-cash deal, the financial services firm said on Thursday. The buyout...
Barclays to sell Entercard stake to Swedbank for $273 million
Barclays has agreed to sell its stake in joint venture Entercard Group to partner Swedbank AB for an estimated 2.6 billion crowns ($273.2 million), the British lender said on Thursday. The sale continues Barclays’...
Foseco agrees to buy 75% stake in Morganite Crucible
Foseco has agreed to acquire 75% stake in Morganite Crucible (India) Limited for Rs. 653 crore, both companies said in separate stock exchange disclosures. The consideration for the stake purchase will be paid in stock...
Rheinmetall wants to take over German shipbuilder NVL, Bild reports
Defence group Rheinmetall wants to take over German shipbuilder Naval Vessels Luerssen, the German daily Bild reported on Wednesday, citing industry sources. According to Bild, the Luerssen family, who own the...
Japan’s Sompo to acquire Aspen Insurance for $3.5 billion in westward push
Sompo Holdings said on Wednesday that it would acquire New York-listed Aspen Insurance Holdings for about $3.5 billion, joining a number of Japanese financial firms that are investing in overseas assets to drive growth...
South Korea’s top shipbuilder to acquire affiliate to tap US demand under Trump
South Korea’s HD Hyundai Heavy Industries, the world’s biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding...
Mercedes-Benz offloads Nissan stake for $325 million, source says
The pension trust of German automaker Mercedes-Benz has sold its entire stake in Japan’s Nissan Motor for 47.83 billion yen ($324.65 million), a source with direct knowledge of the matter said on Tuesday. Shares...
Berlusconi-backed MFE set to clinch Germany’s ProSieben after PPF sells stake
MediaForEurope (MFE) is set to take control of ProSiebenSat.1 after Czech investment group PPF on Wednesday said it would sell its stake in the German broadcaster to the TV group controlled by Italy’s Berlusconi...
Buffett shoots down talk of Berkshire railroad merger, CSX shares slide
Billionaire investor Warren Buffett on Monday shut down speculation of a blockbuster railroad merger, saying his company Berkshire Hathaway is not looking to buy another train company. Shares of CSX fell 5% on Monday...
EPIC Crude pipeline owners explore $3 billion sale, sources say
The owners of the EPIC Crude pipeline are exploring a sale, with any deal likely to value the energy infrastructure at around $3 billion including debt, people familiar with the matter said. EPIC Crude is one of the...
