NEW YORK WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.
Private equity firm Apollo Global Management LLC has approached Tech Data Corp with an offer to acquire the U.S. information technology equipment distributor for close to $5 billion, people familiar with the matter said on Tuesday.
NEW YORK Private equity house Abry Partners is working with an investment bank to sell its majority stake in Hilb Group, in a deal that is expected to value the insurance broker at more than $1 billion including debt, sources familiar with the matter said on Tuesday.
U.S. power company Sempra Energy is near an agreement to sell its Chilean business to State Grid Corporation of China for close to $3 billion, the latest deal in its bid to shed non-core assets, people familiar with the matter said on Friday.
U.S. amusement park operator Cedar Fair LP has rejected a $4 billion cash-and-stock offer from larger peer Six Flags Entertainment Corp as inadequate, people familiar with the matter said on Friday.
Six Flags Entertainment Corp has approached Cedar Fair LP with a merger offer, pursuing a combination that would unite two of the largest U.S. amusement park operators, people familiar with the matter said on Wednesday.
LONDON/NEW YORK Global mergers and acquisitions (M&A) plunged 16% year-on-year to $729 billion in the third quarter, according to Refinitiv data, the lowest quarterly volume since 2016, as growing economic uncertainty curbed the risk appetite of companies considering deals.
Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co and is planning to push for changes, including a potential split-up of the U.S. industrial conglomerate, people familiar with the matter said on Friday.
NEW YORK Hedge fund Elliott Management Corp has amassed a stake in Mobile Mini Inc , the biggest U.S. provider of portable storage containers for businesses, and is pushing it to merge with WillScot Corp , the largest U.S. vendor of mobile office trailers, people familiar with the matter said on Thursday.