German insurer Allianz has formed an equally-owned reinsurance joint venture in India with Reliance Group-owned Jio Financial Services, expanding its presence in the country’s insurance market, the companies said...
Union Pacific exploring deal to buy Norfolk Southern, WSJ reports
Railroad operator Union Pacific is exploring a deal to buy smaller rival Norfolk Southern, the Wall Street Journal reported, in a merger that would bolster the industry leader’s heft and likely draw intense...
Crypto firm Bitcoin Standard to go public in deal with Cantor-backed SPAC
Crypto firm Bitcoin Standard Treasury Company said on Thursday it is aiming to list on the Nasdaq, with over 30,000 bitcoin on its balance sheet, through a merger with a Cantor Fitzgerald-backed blank check vehicle. The...
Teneo acquires PwC’s Australia restructuring unit to expand financial advisory presence
Teneo said on Thursday it has acquired the Australia business restructuring services unit of auditing firm PwC, as the management consultancy seeks to expand its financial advisory presence in the region. Under the...
EU gives conditional approval for Brasserie Nationale takeover of Boissons Heintz
The European Commission has approved Luxembourg brewer Brasserie Nationale’s acquisition of drinks wholesaler Boissons Heintz subject to conditions aimed at preserving competition in the country’s...
Couche-Tard scraps $47 billion bid for Japan’s Seven & i
Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer. The surprise move ends what could have...
Why crypto giant Tether bought a South American farming company
Crypto powerhouse Tether, the world’s largest digital assets company, is leveraging its recent acquisition of a South American agricultural firm to make a strategic play for the multi-trillion-dollar a year global...
Gerresheimer calls a halt to discussions on potential takeover
German packaging and medical equipment maker Gerresheimer has ended discussions on a potential sale of the company after months of talks since the start of 2025, it said on Wednesday evening. In February the Duesseldorf...
EDF weighs stake sales in North American, Brazilian renewables units
France’s EDF is weighing options to bring in capital to both its North American and Brazilian renewables businesses, a company spokesperson said on Wednesday, which could include stake sales of as much as 50%. The...
UK’s Coats Group to buy footwear insole maker OrthoLite for $770 million
British thread manufacturer Coats Group said on Wednesday it would buy U.S.-based footwear insole maker OrthoLite for $770 million, including debt. The deal is expected to deliver $20 million in annual savings by 2028...
KKR mulls acquisition of healthcare technology firm GPI, Bloomberg News reports
KKR is considering a potential buyout of Italian health-care technology firm GPI SpA, as the U.S. investment firm scouts for takeover targets amid the recent market volatility, Bloomberg News reported on Wednesday. KKR...
UK’s NCC Group weighs sale of cybersecurity arm
UK-based global cybersecurity specialist NCC Group said on Wednesday it is in the early stages of reviewing strategic options for its cyber business, if the sale of its Escode unit goes ahead. The review is at a very...
