Gym booking app ClassPass owner Playlist said on Thursday it would merge with fitness-tech firm EGYM in a deal that includes equity funding of $785 million, led by Jared Kushner’s investment firm Affinity Partners...
Keurig Dr Pepper launches $18 billion takeover bid for JDE Peet’s
U.S. soft drinks giant Keurig Dr Pepper on Thursday launched its $18 billion all-cash takeover bid for coffee and tea group JDE Peet’s, setting the stage for a global coffee company that could rival market leader...
UK watchdog orders Aramark to divest Entier after merger probe
Britain’s competition watchdog ordered U.S.-based food service and facilities provider Aramark to sell offshore catering firm Entier on Thursday, after an investigation found the merger would substantially harm...
TotalEnergies to sell its onshore Nigerian SPDC assets to new buyer
French major TotalEnergies has signed an agreement to sell its 10% non-operated stake in the Nigerian onshore oil asset SPDC, renamed as Renaissance JV, to Vaaris, it said on Wednesday, after a failed sale last year to...
Canadian Natural in talks to buy Tourmaline’s natgas portfolio, Globe and Mail reports
Canadian Natural Resources is in talks to buy a $1-billion-plus portfolio of natural gas properties from Tourmaline Oil Corp, Globe and Mail reported on Wednesday, citing two sources familiar with the negotiations...
Chinese firm FountainVest gets Italy’s nod to buy stake in EuroGroup Laminations
Chinese private equity firm FountainVest has secured the Italian government’s approval to buy a major stake in EuroGroup Laminations, a document showed, under a plan to take the electric motor component maker...
Coca‑Cola scraps Costa Coffee sale, FT reports
Coca-Cola has abandoned plans to sell its Costa Coffee chain after offers from private equity firms came in below expectations, the Financial Times reported on Wednesday. The U.S. beverage giant ended talks with...
AstraZeneca to acquire Modella AI to speed oncology drug research
AstraZeneca has agreed to buy Boston-based Modella AI, the companies said on Tuesday, as the drug industry increases its use of artificial intelligence to accelerate the discovery of new drugs. The companies did not...
UK’s Smith & Nephew to buy Integrity Orthopaedics for up to $450 million
British medical products maker Smith & Nephew will buy U.S.-based Integrity Orthopaedics in a deal that could be valued at up to $450 million, the company said on Monday. The deal comes a month after Smith &...
Allegiant to acquire Sun Country Airlines for $1.5 billion
Low-cost airline Allegiant will acquire Sun Country Airlines in a deal valued at about $1.5 billion, including debt, the companies said on Sunday. As part of the agreement, Sun Country shareholders will receive 0.1557...
Sino Biopharmaceutical buys drugmaker Hangzhou Hygieia Biomedical for up to $172 million
Hong Kong-listed Sino Biopharmaceutical said on Tuesday it would acquire China-based Hangzhou Hygieia Biomedical for up to 1.20 billion yuan ($172.04 million), as it looks to bolster its portfolio of chronic-disease...
Charles River to buy Cambodia-based monkey supplier for $510 million
Charles River Laboratories said on Monday it would buy one of its major suppliers of non-human primates for about $510 million as the contract research firm seeks greater control over procurement of the animals used in...
