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UCIC to float 30% stake in first Saudi IPO since tariff-driven sell-off
United Carton Industries Company (UCIC) on Tuesday announced plans to float a 30% stake on the Saudi Exchange's main market, in what would be the first initial public offering sinc...
Deals
Kuwait commences merger of state oil firms KNPC and KIPIC, Kuna reports
Kuwait has begun taking executive steps to merge two of its state-owned oil firms, news agency Kuna reported on Tuesday, as the OPEC producer seeks to restructure its energy indust...
Deals
British financier Truell may outbid Atlas Holdings for De La Rue, Sky News reports
British financier Edi Truell may be willing to offer 132.17 pence a share to buy De La Rue , Sky News reported on Tuesday, after the banknote printer recommended a 130 pence per sh...
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Applied Materials becomes largest shareholder of advanced packaging firm BESI
Applied Materials has bought a 9% stake in BE Semiconductor industries (BESI) , the U.S.-based computer chip equipment supplier said on Monday.
Deals
DSV clears regulatory hurdles for $16.2 billion Schenker deal
Denmark's DSV said on Tuesday it had fulfilled all closing conditions, including getting the necessary regulatory approvals, for its 14.3 billion euro ($16.2 billion) acquisition o...
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Onsemi shelves $6.9 billion offer to buy Allegro MicroSystems
U.S. chipmaker Onsemi scrapped its $6.9 billion offer for smaller rival Allegro MicroSystems on Monday, ending a months-long pursuit that sought to capitalize on a market downturn ...
Deals
Home improvement retailer Lowe's to buy Artisan Design for $1.33 billion
U.S. home improvement retailer Lowe's Cos said on Monday it has agreed to buy Artisan Design Group for $1.33 billion from private equity firm Sterling Group.
Deals
Intel to sell majority stake in Altera for $4.46 billion to fund revival effort
Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revi...
Deals
'No scandal' if Italy revises rules for mandatory bids, Treasury junior minister says
There would be no reason for protest if the Italian government reviews the ownership thresholds triggering mandatory takeover bids for public companies, Treasury Junior Minister Fe...
Deals
Ageas to buy UK insurance platform esure for $1.7 billion
Ageas has agreed to buy British car and home insurer esure from Bain Capital for 1.3 billion pounds ($1.7 billion) in a move that will create the third largest personal lines platf...
Deals
Trump doubles down on keeping US Steel control in US hands
U.S. President Donald Trump on Sunday said he doesn't think a foreign company should control U.S. Steel , repeating comments made last week that dimmed hopes for a greenlight of a ...
Deals
Bally's swooped for Star after Australian casino group's fire sale, chairman says
Bally's Corp considered waiting for Star Entertainment to enter voluntary administration before investing but feared the Australian casino group would have been too hard to rescue,...
Deals
GTCR nears deal to buy OSTTRA for about $3.2 billion, Bloomberg News reports
Private equity firm GTCR is nearing a deal to buy OSTTRA for about $3.2 billion, Bloomberg News reported on Saturday citing people familiar with the matter.
Deals
Norway's wealth fund backs Monte dei Paschi's share issue for Mediobanca bid
Norges Bank Investment Management (NBIM) plans to back the new share issue proposed by Italian bank Monte dei Paschi di Siena to fund its hostile bid for rival Mediobanca , the sov...
Deals
CVC explores $75 billion bid for US private lender Golub Capital, FT reports
European private equity firm CVC is exploring a $75 billion deal for private credit lender Golub Capital , the Financial Times reported on Friday, citing several people familiar wi...
Deals
FTC takes step toward reversing Chevron, Exxon board restrictions
The U.S. Federal Trade Commission took a step toward potentially reversing bans on certain oil executives joining the boards of Chevron and Exxon Mobil that the Biden administratio...
Deals
Eni pockets 3.6 bln euros from stake sales in biofuel unit to KKR
Italian energy group Eni said on Friday it completed the sale of an additional 5% stake in Enilive to U.S. fund KKR, bringing the total proceeds from the disposal of two minority s...
Deals
UAE's Masdar signs MoUs for floating solar power projects in Indonesia
United Arab Emirates' renewable energy company Masdar signed two memorandums of understanding with Indonesia's state-owned electricity company Persero for floating solar power proj...
Deals