Drugmaker AbbVie is in talks to acquire privately held mental health therapeutics company Gilgamesh Pharmaceuticals in a deal worth about $1 billion, Bloomberg News reported on Wednesday, citing people familiar with the...
Agrichemicals firm FMC to divest India business amid market pressures
Agrichemicals company FMC Corp said on Wednesday it intends to divest its commercial business in India, in response to challenges in the country. Shares of the company, which also lowered its forecast for annual sales...
JD.Com to acquire Ceconomy
JD.com is acquiring Germany’s Ceconomy in a deal that values the electronics retailer at 2.2 billion euros ($2.5 billion), allowing one of China’s largest online retailers to expand outside of its home...
Five Point in talks to sell Northwind Midstream to MPLX for $2.3 billion, Bloomberg News reports
Private equity firm Five Point Infrastructure is in talks to sell Northwind Midstream Partners for about $2.3 billion to U.S. midstream company MPLX, Bloomberg News reported on Wednesday, citing people familiar with the...
Prosus-owned iFood buys stake in Brazil’s CRMBonus
Brazilian food delivery platform iFood, owned by Dutch investment group Prosus, said in a statement on Tuesday it has taken a 20% stake in technology company CRMBonus. The deal’s price tag and future financial...
Building materials maker CRH to acquire Eco Material for $2.1 billion
Building materials maker CRH said on Tuesday it has agreed to acquire Eco Material Technologies, a supplier of supplementary cementitious materials, for $2.1 billion to expand its presence in North America. Dublin...
Singapore’s Temasek to increase stake in Italy’s Ermenegildo Zegna to 10%
Singapore’s state investment firm Temasek will increase its stake in Ermenegildo Zegna Group to 10%, the companies said on Tuesday, as the Italian luxury fashion house targets a global expansion in the resilient...
Utility Duke Energy to sell Tennessee natural gas business for $2.48 billion
Duke Energy said on Tuesday it would sell its Tennessee natural gas distribution business to Spire for $2.48 billion in cash, as the utility aims to streamline operations and unlock capital to invest in electric grid...
Dye & Durham to consider sale, merger in truce with investor Plantro
Dye & Durham will review strategic alternatives to stabilize its finances and may even consider selling itself, it said on Tuesday, reaching a settlement that avoids a proxy fight with its second-largest investor...
Evercore to acquire British boutique investment bank Robey Warshaw for $196 million
Evercore will acquire British boutique investment bank Robey Warshaw for $196 million, the U.S. investment bank said on Wednesday. The payment will be made in two tranches, half in Evercore shares when the deal closes...
Baker Hughes nears $13.6 billion deal to buy Chart, edging out Flowserve, FT reports
Oil and gas equipment supplier Baker Hughes is nearing a $13.6 billion cash deal to buy Chart Industries, edging out rival suitor Flowserve, with a buyout likely to be announced in the coming days, the Financial Times...
Buffett’s Berkshire sells one-third of VeriSign stake for $1.23 billion
Berkshire Hathaway sold about one-third of its stake in VeriSign, an internet infrastructure and domain name registry company that Warren Buffett’s conglomerate has invested in since 2012, VeriSign said on Monday...
