Apple supplier Goertek Inc said on Tuesday it plans to buy two units of Hong Kong’s Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion). The acquisition of Mega Precision Technology...
Australia’s Insignia agrees to $2.2 billion CC Capital bid, below peak offer
Australia’s Insignia Financial on Tuesday agreed to an A$3.3 billion ($2.15 billion) takeover by investment manager CC Capital Partners, marking the end of a protracted takeover rally that saw the final offer come...
Apax Partners to buy Apax Global Alpha in $1.1 billion deal
London-based private equity firm Apax Partners has agreed to acquire Guernsey-based investment company Apax Global Alpha (AGA) for about 916.5 million euros ($1.07 billion), the companies said on Monday. Shares of the...
GE Vernova to buy France’s Alteia for enhancing AI tools for utilities
Power equipment maker GE Vernova will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said on Monday. GE Vernova already offers...
Adevinta sells its Spanish business to Sweden’s EQT for $2.3 billion
Norwegian online classifieds group Adevinta said on Monday it had sold its Spanish business to Swedish private equity firm EQT to focus more on its remaining European units. The deal gave the Spanish business an...
Jungheinrich signs deal to sell Russian unit, adjusts forecast for 2025
German forklift truck maker Jungheinrich said on Monday it had agreed to sell its Russian unit to a Russian financial investor and asset manager, and was cutting its full-year profit forecast as a result. Due to the...
Safran finalises acquisition of Collins Aerospace flight controls business
French engine and aircraft equipment maker Safran said on Monday it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. Safran, which also makes landing gear, brakes and...
Merz says Berlin still considering stake in TenneT’s German business
German Chancellor Friedrich Merz said on Monday the government had not yet decided whether it would take a stake in the German division of state-owned Dutch power grid operator TenneT and was still in talks with the...
Blackstone drops out of consortium bid for TikTok US, source says
Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations, a source familiar with the matter told Reuters on Friday. The latest change came as uncertainty has mounted...
Union Pacific, Norfolk Southern explore cross-continental railroad merger, source says
Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, a person familiar with the matter said. Talks are...
Prosus offers to slash Delivery Hero stake to address EU concerns about Just Eat deal
Prosus has offered to slash its Delivery Hero stake to below 10% and give up its board seat to address EU concerns over its 4.1 billion euro ($4.78 billion) Just Eat Takeaway deal, two people with direct knowledge of...
Australia’s Abacus Storage King opens books for $1.41 billion takeover bid
Abacus Storage King has granted the consortium comprising Ki Corporation and Public Storage access to examine the company’s books and records for six weeks to evaluate its A$2.17 billion ($1.41 billion) binding...
