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Mergers and acquisitions

Guosen Securities plans to buy 53% of Vanho, heeding China’s call for brokers to combine

by Anas Siddiqui
Guosen Securities plans to buy 53% of Vanho, heeding China’s call for brokers to combine

Guosen Securities plans to buy control of a smaller rival in China’s technology hub of Shenzhen, answering the government’s call to consolidate the nation’s 12 trillion yuan (US$1.68 trillion) brokerage …

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Mars buys Pringles owner for $54b in mega snack deal

by Anas Siddiqui
Mars buys Pringles owner for b in mega snack deal

Mars Inc. agreed to buy Kellanova for nearly $US36 billion ($54.3b), bringing together two major food companies in the biggest deal of the year. Mars will pay $US83.50 ($126.03) a …

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Elliott’s Starbucks campaign got it a better deal than it asked for

by Walter Watson
Elliott’s Starbucks campaign got it a better deal than it asked for

People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images In May, it was a $2.5 billion stake in Texas Instruments and a …

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Gold Fields bulks up with Canada buy

by Anas Siddiqui
Gold Fields bulks up with Canada buy

Gold Fields has agreed to buy Canada’s Osisko Mining in a deal valued at C$2.16 billion ($2.39b), becoming the latest producer to seek to expand amid soaring prices for the …

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Google-Wiz deal fizzles out, company will pursue IPO

by Walter Watson
Google-Wiz deal fizzles out, company will pursue IPO

Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest-ever deal, telling employees it would pursue an …

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Elliott has Starbucks stake, in talks with management: WSJ

by Anas Siddiqui
Elliott has Starbucks stake, in talks with management: WSJ

A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to …

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OpenAI buys Rockset to bolster its enterprise AI

by Edgar Davis
OpenAI buys Rockset to bolster its enterprise AI

OpenAI has acquired Rockset, which builds tools to drive real-time search and data analytics. In a post on its official blog, OpenAI said that it would integrate Rockset’s technology to …

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China talks up support for IPOs. Investors are watching the speed of approval

by Ron Morgan
China talks up support for IPOs. Investors are watching the speed of approval

A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, …

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Fintech has hit a bottom after valuation plunge, execs and VCs say

by Walter Watson
Fintech has hit a bottom after valuation plunge, execs and VCs say

Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals. Bloomberg | …

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Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal

by Anas Siddiqui
Hanesbrands to sell Champion brand to Authentic Brands in .2 billion deal

A shopper walks past the American sportswear fashion brand Champion store in Hong Kong. Budrul Chukrut | Getty Images Hanesbrands agreed to sell its global Champion business to Authentic Brands …

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