Business

Mergers and acquisitions

Mergers and acquisitions

Cab Payments Holdings PlcMarch 20, 20263
Mergers and acquisitions

About this update from Cab Payments Holdings Plc

The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Friday:** Spire Healthcare LSE:SPI said that buyout talks with private equity firms Bridgepoint LSE:BPT and Triton have ended, but it was still in discussions with other parties for a potential sale.** Eight states asked a U.S. judge to issue a temporary restraining order to stop the $3.5 billion merger of Nexstar Media Group and Tegna.** British Airways-owner IAG LSE:IAG is likely to abandon its interest in pursuing an offer for Portugal's flag carrier TAP, Bloomberg News reported, citing people familiar with the matter.** Commerzbank's XETR:CBK CEO Bettina Orlopp told employees that talks with Italy's UniCredit MIL:UCG only make sense once the Italian bank provides it with key points it has in mind for a tie-up deal, according to a transcript of a video message seen by Reuters.** Trian Fund Management said it has serious concerns about Victory Capital's sweetened offer for Janus Henderson NYSE:JHG that rivals its own take-private deal with the asset manager.** Unilever LSE:ULVR is in talks to sell its foods business to smaller rival McCormick & Company NYSE:MKC, potentially marking a major shift for the British consumer goods company as it focuses on higher-growth beauty, household and personal care businesses.** Ecolab NYSE:ECL said it would acquire CoolIT Systems from KKR NYSE:KKR for about $4.75 billion in cash, as the water solutions firm seeks to capitalize on surging demand for liquid cooling in artificial intelligence-driven data centers.** China's ByteDance has agreed to sell Shanghai Moonton Technology, the studio behind popular mobile game Mobile Legends: Bang Bang, to a Riyadh-based gaming firm owned by Saudi Arabia's Public Investment Fund, the companies said.** U.S. consumer health products maker Prestige Consumer Healthcare NYSE:PBH said it would buy the Breathe Right brand and other assets from Foundation Consumer Healthcare in a deal valued at $1.045 billion.** U.S. packaging company Silgan Holdings NYSE:SLGN has signaled interest in taking over German medical packaging maker Gerresheimer XETR:GXI, according to two sources familiar with the matter.** Talks to sell Thyssenkrupp's steel division to India's Jindal Steel International are not making progress and the long-awaited deal must not be stalled for months, the German company's deputy supervisory boa...

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