Latest news with #Acquisition
Reuters
21 minutes ago
- Business
- Reuters
Five Point Infrastructure in talks to sell Northwind Midstream to MPLX, Bloomberg News reports
July 30 (Reuters) - Five Point Infrastructure is in talks to sell Northwind Midstream Partners LLC for about $2.3 billion to MPLX (MPLX.N), opens new tab, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Reuters
2 days ago
- Business
- Reuters
Baker Hughes nears $13.6 billion deal to buy Chart, edging out Flowserve, FT reports
July 28 (Reuters) - Oil and gas equipment supplier Baker Hughes (BKR.O), opens new tab is nearing a $13.6 billion cash deal to buy Chart Industries (GTLS.N), opens new tab, edging out rival suitor Flowserve, the Financial Times reported on Monday, citing sources familiar with the matter. A potential deal would displace an agreement Chart made in June to combine with flow control systems maker Flowserve in a $19 billion all-stock merger. That agreement has now been terminated, the FT reported. Baker Hughes, Chart Industries and Flowserve did not immediately respond to Reuters requests for comment. Chart's stock, which had closed at $171.65 on Monday, climbed more than 17% to $202 in after-market trading following the FT report. Chart manufactures industrial equipment such as valves and measurement technology for gas and liquid molecule handling and had a market capitalization of $7.71 billion as of Monday's close, as per LSEG data. The deal with Baker Hughes would value Chart's equity at $210 per share, a 22% premium to its market value, giving it an equity value of about $10 billion, the report said. Baker Hughes' decision to make a higher bid for Chart forced the company's board to reconsider its deal with Flowserve, the FT said. The deal was likely to be announced in the coming days, FT added, citing sources who warned that the agreement was not final and the plans could change. Baker Hughes has been trying to leverage its industrial and energy technology portfolio to drive growth and expand its presence in the natural gas and LNG sectors.
Japan Today
2 days ago
- Politics
- Japan Today
Japan arranges to deploy long-range missiles in Kumamoto on Kyushu
File photo taken in October 2024 shows a test launch of an enhanced Type-12 land-to-ship guided missile on Niijima, south of Tokyo. (Photo not for sale)(Photo courtesy of the Acquisition, Technology)(Kyodo) ==Kyodo Japan is arranging to deploy long-range missiles in Kumamoto on the southwestern island of Kyushu, as part of efforts to acquire "counterstrike capabilities" to strike enemy targets in the event of a national security emergency, government sources said Monday. The first deployment of an upgraded version of the Ground Self-Defense Force's Type-12 land-to-ship guided missile is expected shortly before the end of the fiscal year through March 2026, at a GSDF garrison in Kumamoto Prefecture, the sources said. The move is aimed at strengthening the defense of Japan's southwestern Nansei island chain, which is strategically important due to its proximity to Taiwan, amid growing concerns about a potential Chinese invasion of the self-ruled democratic island. China regards Taiwan as a renegade province that must be reunified with the mainland, by force if necessary. The upgraded Type-12 is being developed as Japan's first domestically produced long-range missile, with a range of around 1,000 kilometers -- enough to reach parts of China from Kyushu. The Defense Ministry is also considering deploying the missiles to another garrison in Oita Prefecture on Kyushu next spring or later, and possibly to the southern island prefecture of Okinawa in the future, the sources said. © KYODO
Reuters
5 days ago
- Business
- Reuters
LVMH in talks to sell Marc Jacobs, WSJ reports
July 25 (Reuters) - Luxury goods group LVMH ( opens new tab is in discussions to sell fashion label Marc Jacobs in a deal that could fetch around $1 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Yahoo
5 days ago
- Business
- Yahoo
LVMH in talks to sell Marc Jacobs, WSJ reports
(Reuters) -Luxury goods group LVMH is in discussions to sell fashion label Marc Jacobs in a deal that could fetch around $1 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.
