Johnson Matthey on Monday agreed to cut the sale price of its catalyst technologies business to Honeywell by 26% as the unit’s profitability weakened, sending its shares down over 17%. The British chemicals...
Canada’s Cando Rail & Terminals to buy US rail assets of Savage Enterprises
Canadian railroad contractor Cando Rail & Terminals will buy the U.S. rail assets of Savage Enterprises as it expands its footprint across the U.S., Cando announced on Monday. Financial terms were not disclosed. The...
Keurig Dr Pepper secures additional $1.5 billion funding for JDE Peet’s buyout
Keurig Dr Pepper said on Monday it had raised an additional $1.5 billion of equity funding from long-term investors as part of its financing plan for the roughly $18 billion acquisition of Dutch coffee giant JDE...
TXNM Energy gets FERC approval for $11.5 billion Blackstone deal
TXNM Energy on Friday said the U.S. Federal Energy Regulatory Commission (FERC) had authorized the company’s acquisition by Blackstone Infrastructure. Last year, Blackstone agreed to acquire the utility company in...
DAE Capital nears deal to buy aircraft leasing firm Macquarie Airfinance, sources say
Dubai-based aircraft lessor DAE Capital is closing in on a deal to buy control of leasing platform Macquarie AirFinance, two industry sources said. The two firms did not immediately respond to a request for comment. In...
ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports
ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up...
Toymaker Funko pushed by investor Pleasant Lake to explore strategic options
Pleasant Lake Partners disclosed a roughly 10% stake in toymaker Funko and said the company should consider strategic alternatives, including the possibility of a sale, according to a regulatory filing from Thursday...
Axel Springer backs Dovid Efune’s $675 million Telegraph bid, challenging DMGT offer
Axel Springer is backing a new bid for Britain’s Telegraph Media Group submitted by U.S. publisher Dovid Efune, a spokesperson for the German group and a source said on Friday, challenging DMGT’s proposed...
Johnson & Johnson explores $20 billion sale of orthopedics unit, source says
Johnson & Johnson is preparing a potential sale of its orthopedics unit, in a deal that could top $20 billion, with the company eyeing private equity firms as the most likely buyers, a source familiar with the...
Hims & Hers Health to acquire Australia’s Eucalyptus for up to $1.15 billion
Hims & Hers Health said on Thursday it will acquire Australian digital health company Eucalyptus in a deal valued at up to $1.15 billion, as the U.S. telehealth firm pushes into international markets to expand its...
Visa to buy payment firms Prisma, Newpay to deepen Argentina footprint
Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina. The deal links Visa’s global payments network...
UK regulator finds competition concerns in Getty-Shutterstock merger
Britain’s competition watchdog said on Thursday it provisionally found concerns over UK editorial content supply in the proposed merger between U.S.-based Getty Images and rival Shutterstock, but cleared the deal...
