Mergers & Acquisitions

Latest Stories

Redox, Shareholders Seek Up to $280 Million in Australia IPO

Australian chemical distribution firm Redox Pty Ltd. and a group of its shareholders are seeking to raise as much as A$424 million ($280 million) in an initial public offering, potentially setting up Australia’s largest listing this year.

By Harry Brumpton

UBS Considers Delaying 2nd-Quarter Results Until End-August: FT

UBS Group AG may delay releasing its second-quarter results until end-August when it could also provide an update on its plans for Credit Suisse Group AG’slocal business, the Financial Times reported.

German Soapmaker Henkel Has Option to Buy Back Russian Business

Henkel AG has the right to buy back its Russian operations in the next 10 years if conditions fundamentally change, Chief Executive Officer Carsten Knobel said in an interview with the Rheinische Post newspaper.

Blackstone, Goldman Lead EQT’s $1.6 Billion Direct Loan Deal

Blackstone Inc. and Goldman Sachs Asset Management are leading a £1.25 billion ($1.6 billion) direct lending deal to support EQT AB’s recent purchase of Dechra Pharmaceuticals, as private credit lenders further encroach on traditional debt markets.

Microsoft’s Smith to Talk With UK Chancellor About Deal Ban

Microsoft Corp. President Brad Smith will meet with UK Chancellor Jeremy Hunt next week to voice his frustration over the shock decision by Britain’s competition regulator to block its $69 billion takeover of Activision Blizzard Inc.

Frank Founder Javice Says JPMorgan Papers Will Exonerate Her

Frank founder Charlie Javice is seeking access to JPMorgan Chase & Co. documents she says will exonerate her in the bank’s fraud suit against her, as well as in the criminal and SEC cases she’s facing.

TD Bank, First Horizon Sued by Investors Over Failed Acquisition

TD Bank, First Horizon Corp., and their corporate officers were hit with a proposed securities class action alleging they made misleading statements about the likelihood of regulatory approval of TD Bank’s acquisition of FHN.

First Connecticut Defeats Appeal Over Cash Flow Non-Disclosure

An appeal over First Connecticut Bancorp Inc.'s non-disclosure of rosy cash-flow projections during a merger failed because there was no evidence that the projections impacted its share price.

Citi’s Fraser Says Banamex IPO Is Best Path for Shareholders

Citigroup Inc. Chief Executive Officer Jane Fraser said an initial public offering of its Banamex unit is the best path for shareholders, following the bank’s abrupt decision to abandon a long-running sales process of the Mexican retail operations.

Canada Pension Mulls Sale of $3 Billion in Private Holdings

Canada Pension Plan Investment Board is weighing the sale of $3 billion of private assets in the secondary market to free up capital for other investments, according to people familiar with the matter.