British American Tobacco (BATS.L) has offered to buy out U.S. cigarette maker Reynolds American Inc (RAI.N) in a $47 billion takeover that would create the world’s biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall, Reuters reported.
Financier Lynn Tilton is set to go on trial next week before an administrative law judge on U.S. Securities and Exchange Commission charges she defrauded investors by hiding the poor performance of assets underlying three $2.5 billion debt funds, Reuters reported.
Altice USA, the cable operator that Netherlands-based Altice NV (ATCA.AS) put together by acquiring Cablevision and Suddenlink Communications, is drawing up plans for a potential initial public offering, sources told Reuters.
China’s sovereign wealth fund CIC has made a large investment in German residential real estate, adding to a string of recent buys of Chinese groups in Europe’s largest economy, sources close to the deal said on Friday.
Bain, Apollo and Lone Star have been shortlisted in the sale of building materials maker Xella, a potential 2 billion euro ($2.18 billion) deal, sources told Reuters.
German real estate company OfficeFirst Immobilien will hold off launching another attempt at a stock market flotation until the European spring of next year, sources told Reuters.
Four years since being taken private after two abortive mergers, British banking software firm Misys is struggling to convince investors it should be valued in line with rival Temenos as it readies to list shares in London, Reuters reported.
Canada’s No. 2 pension fund, Caisse de depot et placement du Quebec (CDPQ), has acquired a minority stake worth $155 million in India’s TVS Logistics Services Ltd, the privately held Indian company said in a statement on Wednesday.
State-owned China Life Insurance Co Ltd is leading a group of investors injecting $2 billion into Starwood Capital’s U.S. hotels portfolio, adding to a string of deals in the sector by mainland Chinese buyers this year, Reuters reported.
Blackstone Group LP (BX.N) is the lead bidder to acquire Team Health Holdings Inc (TMH.N), the U.S. hospital staffing provider that has been the target of activist funds, including Jana Partners LLC, sources told Reuters.
Private equity group Triton has put its truck spare parts wholesaler Europart up for sale in a potential deal worth about 300 million euros ($329 million), sources told Reuters.
SM Energy Co (SM.N) said on Tuesday it would buy 35,700 net acres in West Texas’s Howard and Martin counties for about $1.6 billion and sell its Williston Basin assets in North Dakota for $785 million to Oasis Petroleum Inc (OAS.N).
Britain’s SVG Capital Plc (SVG.L) agreed to sell its investment portfolio to HarbourVest for about 807 million pounds ($991 million) after the private equity firm elbowed out Goldman Sachs Group Inc-led consortium with a sweetened offer, Reuters reported.
Dick’s Sporting Goods Inc (DKS.N) is preparing a bid for the U.S. business of bankrupt Golfsmith International Holdings Inc[GOFTWG.UL], challenging an offer by rival retailer Worldwide Golf Shops, sources told Reuters.
Austria-based oil and gas company OMV has agreed to sell to Mazarine Energy, an oil and gas production and exploration company backed by private equity fund Carlyle Group, 19 onshore oil fields in Romania for an undisclosed purchase price, the companies said in a statement.
Goldman Sachs Group Inc (GS.N) reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged, Reuters reported.
India’s PNB Housing Finance Ltd and Varun Beverages are looking to raise as much as $630 million combined from initial public offerings (IPOs) next week, underpinning a surge in first-time share sales in Asia’s third-largest economy, Reuters reported.
Logistics company ZTO Express has set terms for what could be the largest U.S. initial public offering this year and also the biggest by a Chinese company after the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd (BABA.N) in 2014, Reuters reported.