Latest news with #bids
Bloomberg
4 days ago
- Business
- Bloomberg
Bankers Prep Up To €2 Billion Debt for DSM Animal Nutrition Unit
Bankers are willing to lend up to €2 billion ($2.3 billion) for DSM-Firmenicgh AG's animal nutrition and health business, as the sale process draws closer to a conclusion. Final bids for the unit are expected this month, according to people familiar with the matter, who asked not to be identified because the talks are private. Bankers are working out how much debt could be made available to back a bid, they added.
Zawya
22-07-2025
- Business
- Zawya
Deals of the day: Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** German Chancellor Friedrich Merz said on Monday the government had not yet decided whether it would take a stake in the German division of state-owned Dutch power grid operator TenneT and was still in talks with the Netherlands. ** Sands Point Risk has closed its first acquisition with a deal for Pennsylvania-based medical stop-loss MGU BRM Specialty Markets, the latest step in its expansion plans after previously launching in transactional liability and construction, sources familiar with the matter told Program Manager. ** London-based private equity firm Apax Partners has agreed to acquire Guernsey-based investment company Apax Global Alpha (AGA) for about 916.5 million euros ($1.07 billion), the companies said. ** Norwegian online classifieds group Adevinta said it had sold its Spanish business to Swedish private equity firm EQT to focus more on its remaining European units. ** Britain and ChatGPT maker OpenAI have signed a new strategic partnership to deepen collaboration on AI security research and explore investing in British AI infrastructure, such as data centres, the government said on Monday. ** French engine and aircraft equipment maker Safran said it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. ** Power equipment maker GE Vernova will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said. ** Shares of Brazilian medical diagnostics company Fleury jumped on Monday after reports of a potential acquisition by hospital chain Rede D'Or, which analysts said could generate synergies. ** Eutelsat said it has signed a strategic agreement with the UK government to offer connectivity services through its LEO network for diplomatic missions, law enforcement activities and military operations and critical interventions. ** Titan Company will buy a 67% stake in Dubai-based luxury brand Damas from Qatar's Mannai Corporation at an enterprise value of 1.04 billion dirham ($283.2 million), potentially making it one of the largest Indian jewellers in the Middle East. ** German forklift truck maker Jungheinrich said it had agreed to sell its Russian unit to a Russian financial investor and asset manager, and was cutting its full-year profit forecast as a result. ** Financial software provider SS&C Technologies said it will acquire Carlyle's British fund network and data business Calastone for about 766 million pounds ($1.03 billion). ** Cross-border payments provider IFX Payments said that it is considering withdrawing its takeover offer for Argentex , just days after the British currency risk management company appointed administrators due to a funding shortfall. ** Emirati conglomerate Al-Futtaim is to buy a 49.95% stake in Saudi Arabian franchiser Cenomi Retail in a deal worth more than 2.5 billion riyals ($667 million), Cenomi Retail said in a statement on Sunday. (Compiled by Rajarshi Roy, Prakhar Srivastava and Apratim Sarkar in Bengaluru)
Bloomberg
17-07-2025
- Business
- Bloomberg
EQT, Omers, Phoenix Eye Final Bids for Cellnex Swiss Business
By , Eyk Henning, and Allegra Catelli Save EQT AB, Omers Administration Corp. and Phoenix Tower International are considering final bids for Cellnex Telecom SA 's majority stake in its Swiss business, which could fetch as much as €2 billion ($2.3 billion), people with knowledge of the matter said. Suitors are expected to lodge binding offers by the end of next week, according to people, who asked not to be identified as the information is private.
Bloomberg
24-06-2025
- Business
- Bloomberg
Mauritius Seeks Floating Power Plant Supply to Avoid Blackouts
Mauritius is seeking international bids to supply electricity from a floating plant using heavy fuel oil to bolster capacity and avoid blackouts. The power barge should have a capacity of between 90 and 110 megawatts, according to a request for proposal issued by the state-owned Central Electricity Board on June 18. The process will close on Aug. 15.
Bloomberg
04-06-2025
- Business
- Bloomberg
23andMe Judge Questions Limits for New Auction for Bankrupt Firm
The judge overseeing the bankruptcy of 23andMe questioned the limits proposed for a second auction that is designed to push bids higher than a current $256 million offer from Regeneron Pharmaceuticals for the genetic-testing firm. US Bankruptcy Judge Brian Walsh asked lawyers for Regeneron and 23andMe to justify the limits they're supporting, but which have been criticized by the only other bidder, a California-based research institute backed by former 23andMe Chief Executive Officer Anne Wojcicki.
