Apollo Global Management is nearing a game-changing $2 billion deal to acquire aerospace components manufacturer Barnes Group, a move that could dramatically reshape the aerospace industry, according to a report from Reuters. This acquisition underscores Apollo’s ambition to expand its portfolio into aerospace, marking a significant strategic shift for the investment giant. The potential merger […]
In a major development, Aditya Birla Capital Limited (ABCL) announced that the Reserve Bank of India (RBI) has provided the crucial ‘no objection’ for its merger with its wholly-owned subsidiary, Aditya Birla Finance Limited (ABFL). This milestone marks a significant step in the company’s plan to consolidate its financial operations, creating a unified non-banking financial […]
Pacific Smiles Group Ltd has become the centre of a fierce bidding war as private equity firm Genesis Capital has tabled a revised takeover offer, sparking a surge in share prices. The fresh bid, now supported by the Pacific Smiles board, has significantly boosted the company’s valuation, intensifying competition with rival National Dental Care. Genesis […]
In a move set to redefine the banking landscape in Upstate New York, NBT Bancorp Inc. (NASDAQ: NBTB) and Evans Bancorp, Inc. (NYSE American: EVBN) have unveiled plans for a definitive merger agreement. This $236 million deal will see Evans Bancorp merge into NBT Bancorp, significantly expanding NBT’s geographic footprint and strengthening its market presence […]
Noble Corporation plc, a leading offshore drilling contractor, has officially completed its acquisition of Diamond Offshore Drilling, Inc. This strategic merger, announced in June 2024 and finalized on September 4, 2024, marks a significant milestone in the offshore drilling industry, creating the largest fleet of 7th generation dual-BOP drillships worldwide. The acquisition is expected to […]
In a landmark decision that could redefine the boundaries of European merger control, the Court of Justice of the European Union (CJEU) ruled in favor of Illumina Inc., a leading U.S. gene sequencing company, against the European Commission’s attempt to block its $7.1 billion re-acquisition of cancer diagnostic company Grail Inc. This ruling not only […]
Shares of Seven & i Holdings, the parent company of 7-Eleven convenience stores, surged nearly 3% as U.S.-based Artisan Partners urged the company to consider a buyout offer from Alimentation Couche-Tard Inc., a Canadian convenience store giant. The investor pressure has reignited debate over corporate governance in Japan and the future of Seven & i’s […]
Noble Corporation plc (CSE: NOBLE, NYSE: NE) and Diamond Offshore Drilling, Inc. (NYSE: DO) have secured the final regulatory clearance from the Australian Competition & Consumer Commission for their pending transaction, paving the way for the merger to close on September 4th, 2024. This approval marks the last hurdle for Noble’s acquisition of Diamond Offshore […]
In a significant move that underscores its aggressive expansion strategy, Shift4 Payments, Inc. has announced an agreement to acquire Givex Corp. in a comprehensive all-cash transaction valued at approximately C$200 million. The deal, set at C$1.50 per share, represents a premium of 64% over Givex’s 20-day volume-weighted average price (VWAP) on the Toronto Stock Exchange […]
In a bold move that underscores its ambition to become a global powerhouse in the gaming and esports sector, Nazara Technologies Limited (NSE: NAZARA) has announced plans to allocate US$100 million (~INR 830 cr) towards mergers and acquisitions (M&A) over the next 24 months. This strategic pledge follows a successful fundraise of Rs. 760 crore […]
