Deals
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IMC sells stake of KFC in Brazil for $35 million, forms joint venture
Brazilian restaurant franchise operator IMC said on Wednesday it has signed a binding agreement to create a joint venture with Kentucky Foods Chile Limitada regarding IMC's operati...
Deals
Explainer: What is the Danish Compromise that Banco BPM was counting on?
The European Central Bank on Wednesday gave a negative opinion on the possibility for Banco BPM to use more favourable capital rules known as the "Danish Compromise" in its propose...
Deals
Ninestar to sell Lexmark to Xerox at much lower price than previously announced
China-based Ninestar Corp plans to sell printer and printing software maker Lexmark International II to Xerox in a deal estimated at up to $150 million, a fraction of the price Xer...
Deals
ECB opposes 'Danish Compromise' use for Italy's Banco BPM-Anima deal
The European Central Bank has issued a negative opinion on Banco BPM's request for favourable capital treatment for its proposed bid for fund manager Anima , the Italian bank said,...
Deals
Tabreed exploring bid for Multiply's district cooling business, sources say
Engie -backed National Central Cooling Co , also known as Tabreed, is exploring a bid for Multiply Group's district cooling business that could be worth at least $1 billion, two so...
Deals
Dollar Tree to sell Family Dollar business for $1 billion, WSJ reports
Dollar Tree is nearing a sale of its Family Dollar business to a consortium of private-equity investors for about $1 billion, the Wall Street Journal reported on Wednesday, citing ...
Deals
Grab eyes upto $2 billion loan to support possible GoTo acquisition, Bloomberg News reports
Singapore-headquartered Grab is seeking a loan of up to $2 billion to support its potential takeover of Indonesia's GoTo , Bloomberg News reported on Wednesday citing people famili...
Deals
DBS leading race to buy controlling stake in Indonesia's Panin Bank, sources say
DBS Group , Southeast Asia's top bank by assets, is the frontrunner to buy a controlling stake in Indonesia's Panin Bank , three people with knowledge of the matter said.
Deals
Exclusive: MFE to review potential bid for Germany's ProSieben on Wednesday, sources say
MFE-MediaForEurope , the TV group controlled by Italy's Berlusconi family, has called a board meeting on Wednesday to review a possible bid for German peer ProSiebenSat.1 , three s...
Deals
Italy's Prysmian seals $1 bln buy of Channell to grow U.S. presence
Italy's Prysmian has agreed to buy U.S. connectivity device manufacturer Channell Commercial Corp for up to $1.15 billion, the world's largest cable maker said on Tuesday.
Deals
AT&T in talks to buy Lumen's consumer fiber unit, Bloomberg News reports
AT&T is in talks to acquire Lumen Technologies' consumer fiber operations, in a deal that could value the unit at more than $5.5 billion, Bloomberg News reported on Tuesday, citing...
Deals
Banco BPM investors holding 6.51% stake oppose UniCredit bid
A group of Banco BPM investors, holding 6.51% of the lender, said on Tuesday they backed a plan which envisages a standalone growth of the bank, a statement said, indirectly expres...
Deals
Shareholders of Thailand's Intouch approve merger with Gulf Energy
Shareholders of Thailand-based telecoms operator Intouch Holdings gave their backing on Tuesday to a planned $25 billion merger with billionaire Sarath Ratanavadi's Gulf Energy , a...
Deals
UK's Warehouse REIT evaluates Blackstone's $633 million takeover proposal
UK's Warehouse REIT said on Tuesday it was evaluating asset manager Blackstone Europe LLP's further sweetened, final all-cash takeover proposal that values the warehousing speciali...
Deals
UK's Ithaca Energy to acquire Japex's North Sea business for $193 million
Ithaca Energy said on Tuesday it would acquire Japan Petroleum Exploration's (Japex) UK unit for $193 million, as it seeks to become one of the biggest independent North Sea energy...
Deals
Cintas terminates discussions on $5.3 billion bid to acquire UniFirst
Cintas said on Monday it had terminated discussions to acquire all of UniFirst in a deal that valued the uniform supplier at $5.3 billion, sending UniFirst shares down about 7% in ...
Deals
UAE's TAQA revives Naturgy stake talks with Criteria, Bloomberg News reports
Abu Dhabi's TAQA has approached Naturgy Energy Group's largest shareholder, CriteriaCaixa, to revive an offer for a stake in the Spanish utility, Bloomberg News reported on Monday,...
Deals
Italy's Banco BPM secures over 50% of Anima as Caltagirone tenders stake
Italy's Banco BPM has secured more than half of the capital of Anima Holding in its bid for the fund manager, Reuters calculations showed on Monday, thanks to the stake tendered by...
Deals