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Grupo Nutresa signed a contract on 22 October to buy Colombia's Presto burger chain, nine days after its operator entered liquidation. Price undisclosed. The post Grupo Nutresa Agrees to Buy Presto appeared first on The Rio Times.
Italian pasta maker Barilla paid $750 million in cash for Goodles, a healthier macaroni-and-cheese company, according to a person familiar with the negotiations.
UBS Group AG has acquired a 4.8% equity stake in 360 One WAM Ltd. by converting warrants, more than a year after the Swiss bank sold its wealth business to the Indian money manager.
Coca-Cola’s acquisition of Costa Coffee was supposed to lead to thousands of self-serve espresso machines around the world. Instead, Coke got burned. Kristina Peterson reports. (Source: Bloomberg)
SoftBank Group Corp.’s credit risk, as measured by its credit-default swaps, has risen to the highest level in nearly four years as concerns grow over AI-related funding and a potential large acquisition.
Kimberly-Clark Corp. is selling investment-grade bonds in as many as five parts to help fund its pending acquisition of Tylenol maker Kenvue Inc.
EQT AB has agreed to buy Australia’s Cleanaway Waste Management Ltd. through a unit, in a deal that values the firm at about A$9.3 billion ($6.5 billion) and makes it the latest local company to enter private hands after a period of share underperformance.
Kimberly-Clark Corp. is holding investor calls on Friday ahead of a possible bond sale, as the closing of its pending acquisition of Tylenol maker Kenvue Inc. nears.
GTCR and Elliott Investment Management are acquiring car-insurance software provider CCC Intelligent Solutions Holdings Inc. for about $4.6 billion.
Huel CEO James McMaster discusses Danone’s roughly $1.2 billion acquisition of the UK-based meal-replacement and protein-shake maker. He says Huel established local manufacturing and warehouses when it entered the U.S. about eight years ago, and has since grown internationally; the company views Danone as the right partner to take it to its next stage. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Bloomberg's Daniela Sirtori joins Scarlet Fu on "Bloomberg Deals." Starbucks said it’s not buying Chipotle Mexican Grill, tamping down speculation about what could have been one of the restaurant sector’s largest-ever deals. (Source: Bloomberg)
Bloomberg's Liana Baker joins Scarlet Fu on "Bloomberg Deals." Dating-app provider Bumble is in talks to be sold to upstart investment firm Ithaca Holdings for around $1 billion, according to people familiar with the matter. (Source: Bloomberg)
Skydance Corp. bonds weakened further on Tuesday, and the cost of protecting the company’s debt against default jumped, as investors fretted about the profitability of the company after its $110 billion acquisition of Warner Bros. Discovery Inc.
Lender CoBank ACB filed a lawsuit Friday seeking to block Cable One Inc. from acquiring a 55% equity stake in Mega Broadband Investments from private equity firm GTCR.
Angelini Industries CEO Sergio Marullo di Condojanni discusses acquisition and growth prospects on "The Pulse with Francine Lacqua" on Oct. 6. (Source: Bloomberg)
YPF's board approved buying the 24.99% of power generator YPF Luz it does not own for US$430 million, taking full control of a tenth of Argentina's supply. The post Argentina’s YPF Agrees US$430 Million YPF Luz Buyout appeared first on The Rio Times.
Shares of Chipotle Mexican Grill jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, the FT said, citing people familiar with the matter. Brian Niccol, Starbucks’ chief executive officer since 2024, previously spent six years as the top executive at Chipotle, where he spearheaded a period of rapid growth. For more, we speak with Redd Brown, Bloomberg News Consumer Reporter. (Source: Bloomberg)
Bloomberg's Liana Baker joins Dani Burger on "Bloomberg Deals." The Canadian branch of the billionaire Weston family agreed to buy health retailer Boots for $8.9 billion including debt, in another change of hands for the pharmacy chain and a UK return for the former Selfridges owner. (Source: Bloomberg)
Virginia Lieutenant Governor Ghazala Hashmi voiced opposition to NextEra’s proposed $67 billion takeover of utility Dominion Energy Inc., adding an outright objection to the calls for more scrutiny of the deal as it awaits state regulatory approval.
Paramount Skydance Corp. closed its acquisition of Warner Bros. Discovery Inc., combining two of the five largest Hollywood film studios and uniting major franchises such as Harry Potter and Mission Impossible. The new company, called Skydance, will be home to dozens of TV networks and two major subscription streaming services, Paramount+ and HBO Max, and will be led by David Ellison and Ynon Kreiz as co-chief executive officers. Bloomberg's Hannah Miller joins to discuss. (Source: Bloomberg)
Paramount completed its acquisition of Warner Bros Discover on Tuesday, after a bidding war against Netflix. The deal closed following federal approval of a settlement between Paramount and 12 US states that tried to block the transaction on antitrust grounds. Opponents in the movie industry warned of job cuts, while media groups said Warner-owned CNN's independence could be compromised.
Apollo Global Management is set to opt for aircraft financing rather than high yield bonds for a £3.5 billion debt package backing its acquisition of low-cost carrier EasyJet Plc.
Osaka, Oct. 6 (Jiji Press)--Major Japanese drugmaker Shionogi & Co. has said that it will acquire U.S. biopharmaceutical company IntraBio Inc. for 2 billion dollars as part of efforts to strengthen its rare disease drug business. Shionogi will buy all outstanding shares in the Austin, Texas-based company, according to an announcement Monday. Founded in 2015, IntraBio develops and commerci...
Japanese elevator makers including Mitsubishi Electric Corp. are among potential suitors set to study bids for European operations being sold by TK Elevator, people with knowledge of the matter said.
Intesa Sanpaolo SpA’s takeover offer for Banca Monte dei Paschi di Siena SpA won the backing of the target’s biggest shareholder, boosting Chief Executive Officer Carlo Messina’s chances of clinching one of Italy’s largest bank deals ever.
Tokyo, Oct. 5 (Jiji Press)--Japan's Nippon Paint Holdings Co. said Monday it will acquire Dutch rival Akzo Nobel NV's decorative paints business in Southeast Asia and Oceania for about 1.35 billion dollars. The acquisition, covering Vietnam, Malaysia, Singapore, Indonesia, Thailand, Australia and Papua New Guinea, is expected to further strengthen Nippon Paint's business foundations across t...
Nippon Paint Holdings Co. is buying Akzo Nobel NV’s decorative paints business in Southeast Asia for $1.35 billion, acquiring a regional slice of a business it had sought to buy in full.
Morocco's Attijariwafa Bank will buy 55.22% of Société Générale Ghana and pension fund SSNIT 5%. Regulators must still approve, and no price was disclosed. The post Attijariwafa to Buy 55% of Société Générale Ghana appeared first on The Rio Times.
Nuveen has completed its acquisition of Schroders, forming a combined asset manager with $2.6 trillion in assets under management and operations in more than 40 markets. In an exclusive interview, Bill Huffman said the deal brings together two strong firms to create a global platform that can serve clients across a wider range of market conditions. He speaks to Romaine Bostick on "The Close." (Source: Bloomberg)