Shareholders of Anglo American and Teck Resources on Tuesday approved a previously announced merger, the companies said, paving the way for the creation of a copper heavyweight and leaving regulatory approvals as the...
Shell in advanced talks to buy LLOG Exploration for more than $3 billion, sources say
Shell is in advanced talks to buy LLOG Exploration Offshore in a deal worth more than $3 billion, two sources familiar with the matter said, a move that would boost the oil major’s upstream portfolio through one...
Activist investor Elliott takes 5% stake in Toyota Industries, filing shows
Activist investor Elliott Investment Management has taken a 5.01% stake for 268 billion yen ($1.71 billion) in Toyota Industries, a group firm that Toyota Motor is hoping to buy out, a regulatory filing showed on...
Lai Sun Development sells stake in Hong Kong office tower to JD.com for $450 mln
Cash-strapped Hong Kong developer Lai Sun Development has agreed to sell its 50% interest in an office tower in the city’s central financial district to e-commerce giant JD.com for HK$3.5 billion ($450 million). The...
Activist investor Jana Partners pushes Alkami Technology to explore sale, Bloomberg News reports
Activist investor Jana Partners has urged Alkami Technology, a fintech provider for banks and credit unions, to explore a sale to a rival or private equity firm, Bloomberg News reported on Tuesday. The company was...
IBM nears roughly $11 billion deal for Confluent: Report
IBM is in advanced talks to acquire data-infrastructure company Confluent for about $11 billion, the Wall Street Journal reported on Sunday, in a move aimed at boosting Big Blue’s ability to capture growing demand...
Boeing closes Spirit AeroSystems purchase in major supply chain realignment
Boeing said on Monday it has closed its $4.7 billion takeover of Spirit AeroSystems, re-acquiring the bulk of the world’s largest independent wing and fuselage maker. The U.S. planemaker’s European rival...
Mirum to buy Bluejay for up to $820 million in bet on liver-disease drug
Mirum Pharmaceuticals said on Monday it will buy Bluejay Therapeutics in a deal worth up to $820 million, adding a late-stage experimental drug for a severe liver disease. The deal will give the company worldwide rights...
L’Oreal to increase stake in skin care firm Galderma to 20%
L’Oreal will double its stake in Swiss skin care firm Galderma to 20%, it said on Monday, potentially earning the French company a bigger cut of profits from the booming market for injectable cosmetics like lip...
Putin clears deals with Rosneft and Shell’s joint-venture stake in Caspian Pipeline Consortium
Russian President Vladimir Putin issued a decree on Monday clearing potential deals with Rosneft and Shell’s joint-venture stake in the Caspian Pipeline Consortium, which exports oil mainly from Kazakhstan. The...
Antero to buy HG Energy’s gas producing assets in $2.8 billion deal
Antero Resources said on Monday it would buy assets from privately held HG Energy in a deal valued at $2.8 billion, as the U.S. natural gas producer looks to expand its footprint. Separately, Antero Midstream, which...
Canada’s Transcontinental to sell its packaging unit in $1.61 billion deal
Transcontinental said on Monday it would sell its packaging unit to ProAmpac Holdings in a C$2.22 billion ($1.61 billion) deal, including debt, sending the Canadian firm’s shares up 28%. The sale comes at a time...
