The proposed tie-up between Rio Tinto, and Glencore could require asset sales to secure regulatory approval from top commodity buyer China, which has longstanding concerns about resource security and market...
US rail regulator says Union Pacific, Norfolk Southern merger filing incomplete
The U.S. Surface Transportation Board on Friday sent back Union Pacific’s proposed $85 billion merger with Norfolk Southern for revision, saying it lacked required information, as part of a review in which the U.S...
Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say
Oil major Shell and Japanese conglomerate Mitsubishi Corp are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project, three sources familiar with the matter told...
ISS recommends shareholders approve Kimberly-Clark’s planned Kenvue deal
Institutional Shareholder Services on Friday recommended that shareholders approve plans by Kleenex maker Kimberly-Clark to buy Tylenol maker Kenvue, saying a tie-up could improve financial metrics. “On balance...
Brazil’s Brava buys Petronas’ stakes in two offshore fields for $450 million
Brazilian oil firm Brava Energia announced on Friday the acquisition of the stakes owned by Malaysia’s Petronas in two offshore fields for $450 million, kicking off a new strategic plan outlined by the...
TransDigm to buy two businesses for $2.2 billion in aerospace aftermarket push
Aircraft components maker TransDigm Group said on Friday it would buy Jet Parts Engineering and Victor Sierra Aviation from private equity firm Vance Street Capital for about $2.2 billion, including tax benefits...
Berlin to take minority stake in power grid TenneT Germany, says parliamentary source
Germany’s budget committee has approved the purchase of a minority stake in the German division of Dutch high-voltage power transmission grid TenneT, a German parliamentary source told Reuters on Friday, realising...
China regulator approves American Axle acquisition of Dowlais
China’s market regulator said on Friday it approved Detroit-based American Axle & Manufacturing’s purchase of GKN Automotive owner Dowlais Group, stating that it had “fully considered” the...
Mitsubishi to take over Texas and Louisiana shale gas assets for $7.53 billion
Japanese trading house Mitsubishi Corp said on Friday it would take over the U.S. shale production and pipelines assets of Aethon Energy Management for $7.53 billion including debt. The deal – the biggest...
California approves Verizon acquisition of Frontier, clearing way for closing
The California Public Utilities Commission on Thursday approved Verizon Communications’ $20 billion deal to acquire fiber-optic internet providers Frontier Communications, clearing the way for the deal to close on...
Worthington Steel to buy Kloeckner & Co in $2.4 billion deal
Worthington Steel said on Thursday that it would buy Kloeckner & Co in a deal valued at $2.4 billion, as it looks to strengthen its position in the North American metal processing sector. Kloeckner & Co, which...
US shale producers Devon Energy and Coterra Energy in merger talks, sources say
Devon Energy and Coterra Energy are exploring a potential merger, in a deal that could create one of the largest independent U.S. shale producers, three people familiar with the matter said. A possible combination...
