Supermarket groups Carrefour and Tesco to end purchasing alliance
French supermarket group Carrefour (CARR.PA) and its British peer Tesco (TSCO.L) said on Monday they would not extend a purchasing alliance heralded originally as a potential way to trim costs.
Ackman reinvents SPAC in Universal Music deal talks
William Ackman’s Pershing Square Tontine Holdings (PSTH.N) said on Friday it was in talks to buy 10% of Universal Music Group at a 35 billion euro ($42 billion) valuation, in a departure from the playbook of special purpose acquisition companies (SPACs).
Global M&A surges to record high for third straight month
Global mergers and acquisition (M&A) activity hit a record high for the third straight month in May, driven mainly by low interest rates, soaring equities and higher dealmaking interest in sectors that have received a boost from the COVID-19 pandemic.
ProSieben CEO: better off alone but open to merger interest
The chief executive of ProsiebenSat.1 Media (PSMGn.DE) said on Tuesday he was aware of the interest of international media companies in merging with the German broadcaster, and would not close his mind to any reasonable idea.
Tech M&A in Asia at record high, main deal driver in the region -industry data
Mergers and acquisitions targeting technology companies have hit a record high in Asia Pacific, Dealogic data shows, and dealmakers expect this M&A pace to continue as the pandemic spurs a shift toward virtual activities in the economy.
U.S. SEC considering new rules to tackle SPACS, crypto tokens
The U.S. Securities and Exchange Commission (SEC) is considering new rules to protect investors amid a surge in the use of special purpose acquisition companies (SPACS) as capital-raising vehicles, its new chair will tell lawmakers.
After M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides
Investment bankers’ business of putting together mergers and acquisitions (M&A) has never been stronger. Neither has their fear of missing out on meeting clients.
Germany’s biggest landlords agree $22 bln merger
Germany’s two biggest listed landlords Vonovia SE (VNAn.DE) and Deutsche Wohnen have agreed to join forces in a 18 billion-euro ($22 billion) deal that risks stoking tensions over affordable housing in the run-up to general elections in September.
WeWork reports quarterly loss of nearly $2.1 bln ahead of public listing
SoftBank-backed office-sharing startup WeWork on Thursday reported a first-quarter net loss of $2.06 billion, as it was hit by restructuring charges while it prepares to go public through a merger with a blank-check firm.
SPACs target more ESG companies in 2021 -Nomura Greentech
Companies with environmental, social and governance (ESG) credentials have been high on the list of merger targets for U.S. special purpose acquisition companies (SPACs) so far in 2021, data from Nomura Greentech showed.
