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July 1, 2022

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Unilever sells Ben & Jerry’s Israeli business to defuse BDS row

Reuters
by Reuters00
JERUSALEM, June 29 (Reuters) – Unilever (ULVR.L) on Wednesday sold its Ben & Jerry’s ice cream business in Israel to its local licensee for an undisclosed sum, aiming to smooth over a potentially damaging diplomatic row over the company’s political stance. The deal comes after the U.S. ice cream brand......
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Clearlake Capital explores sale of Team Technologies for more than $1 bln – sources

Reuters
by Reuters00
NEW YORK, June 29 (Reuters) – Private equity firm Clearlake Capital Group is exploring a sale of medical products manufacturer Team Technologies Inc for more than $1 billion, including debt, according to people familiar with the matter. Clearlake Capital is working with an investment bank on a sale process for......
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Axiata, Telenor win approval to form Malaysia’s top mobile operator

Reuters
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A general view of the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019. REUTERS/Lim Huey Teng/ Register now for FREE unlimited access to Reuters.com Register KUALA LUMPUR, June 29 (Reuters) – Malaysia’s communications regulator on Wednesday approved a merger between the mobile operations of Axiata Group Bhd (AXIA.KL)......
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Canada’s Rogers, Shaw, watchdog agree to start mediation over C$20 bln deal

Reuters
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General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, June 24 (Reuters) – Rogers Communications Inc (RCIb.TO), Shaw Communications Inc (SJRb.TO) and Canada’s competition bureau have agreed to start a......
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Italy’s Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

Reuters
by Reuters00
People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi Register now for FREE unlimited access to Reuters.com Register Targets 3,800 voluntary staff exits in November Secures pre-underwriting accord with group of banks To lower costs, replenish capital with cash call......
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Canada’s competition agency reiterates opposition to Rogers-Shaw deal

Reuters
by Reuters01
The Rogers Building, home of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, June 17 (Reuters) – Canada’s antitrust regulator said on Friday that the merger of Rogers Communications (RCIb.TO) and Shaw Communications (SJRb.TO) should not go......
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EXCLUSIVE CVC explores $2 billion sale of software firm VelocityEHS -sources

Reuters
by Reuters00
June 10 (Reuters) – Private equity firm CVC Capital Partners is exploring a sale of VelocityEHS for as much as $2 billion, seeking to capitalize on a boom in demand for compliance software in the corporate world, three people familiar with the matter said. CVC is working with U.S. investment......
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Deloitte denies media reports on restructuring plans

Reuters
by Reuters01
Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/Files Register now for FREE unlimited access to Reuters.com Register June 8 (Reuters) – Deloitte, one of the “Big Four” accounting firms, said late on Wednesday that media reports about the company exploring a plan to split its......
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EXCLUSIVE Spain’s Repsol in talks to sell 25% of oil and gas unit to EIG, sources say

Reuters
by Reuters01
A Repsol logo at a petrol station in Bormujos near the Andalusian capital of Seville, southern Spain March 3, 2016. REUTERS/Marcelo del Pozo Register now for FREE unlimited access to Reuters.com Register LONDON, June 7 (Reuters) – EIG is in early discussions with Repsol (REP.MC) to buy a slice of......
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JetBlue sweetens offer in buyout race for Spirit Airlines

Reuters
by Reuters01
WASHINGTON/NEW YORK June 6 (Reuters) – JetBlue Airways Corp (JBLU.O) on Monday improved its offer for smaller rival Spirit Airlines Inc (SAVE.N) in an attempt to outstrip competition in the race to buy the low-cost carrier. Shares of Spirit rose 1.6% in early trading. Under JetBlue’s revised terms, Spirit shareholders......
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Telecom Italia CEO says aims to maximize assets value in spin-off plan

Reuters
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Telecom Italia (TIM) General Manager Pietro Labriola poses for a portrait at the company’s headquarters in Rome, Italy, January 17, 2022. REUTERS/Guglielmo Mangiapane/File Photo Register now for FREE unlimited access to Reuters.com Register TRENTO, Italy, June 5 (Reuters) – Telecom Italia (TIM) (TLIT.MI) will pursue a plan to separate its......
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Rogers asks tribunal to scrap Canada competition bureau’s rejection of Shaw takeover

Reuters
by Reuters00
A person walks near the Rogers Communications building in Toronto, Ontario, Canada on October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register June 3 (Reuters) – Rogers Communications Inc (RCIb.TO) on Friday asked a tribunal to scrap Canada competition bureau’s rejection to its C$20 billion......
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Australia’s AGL Energy scraps demerger plan, CEO and chairman to step down

Reuters
by Reuters01
The logo of AGL Energy Ltd, Australia’s no.2 power retailer, adorns the building of their head office in Sydney, Australia, February 8, 2017. Picture taken February 8, 2017. REUTERS/David Gray/File Photo Register now for FREE unlimited access to Reuters.com Register ‘Wow. A huge day for Australia” – Cannon-Brookes tweets AGL......
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McDonald’s to sell Russia restaurants to local operator, rebrand

Reuters
by Reuters00
A sign with the logo is on display outside a McDonald’s restaurant in Omsk, Russia May 18, 2022. Picture taken with a drone. REUTERS/Alexey Malgavko Register now for FREE unlimited access to Reuters.com Register May 19 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of......
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Renault sells Russia’s Avtovaz stake, but leaves room for return

Reuters
by Reuters01
Renault sells Avtovaz stake reportedly for one rouble Leaves door open for return with six-year buyback option Moscow plant to resurrect Soviet-era Moskvich brand May 16 (Reuters) – Renault (RENA.PA) is to sell its majority stake in carmaker Avtovaz (AVAZI_p.MM) to a Russian science institute reportedly for just one rouble......
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UniCredit, Citi consider swapping assets with Russian institutions – FT

Reuters
by Reuters01
May 15 (Reuters) – UniCredit SpA (CRDI.MI) and Citigroup (C.N) are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit Russia, the Financial Times said on Sunday. UniCredit has received several offers from Russian financial institutions to buy its local subsidiary......
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Golden Globes organizer mulls bid from interim CEO Boehly

Reuters
by Reuters00
May 13 (Reuters) – The organizer of the Golden Globe awards is exploring strategic options including a takeover offer from interim Chief Executive Todd Boehly, the non-profit organization said on Friday. Boehly’s proposal comes a week after a consortium led by the U.S. business tycoon clinched a $5.2 billion deal......
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Canada antitrust watchdog open to deal on Rogers bid for Shaw

Reuters
by Reuters01
A person walks near the Rogers Communications building in Toronto, Ontario, Canada on October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, May 13 (Reuters) – Canada’s competition bureau said on Friday that its decision to start litigation to block a C$20 billion ($15.5......
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DigitalBridge buys data center company Switch for $11 billion

Reuters
by Reuters01
May 11 (Reuters) – DigitalBridge Group Inc (DBRG.N) has agreed to buy data center operator Switch Inc (SWCH.N) for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds. Boca Raton, Florida-based DigitalBridge and Australian infrastructure investor......
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Proposed Rogers-Shaw merger concessions insufficient – competition agency

Reuters
by Reuters01
May 10 (Reuters) – Canada’s competition agency said on Tuesday that concessions offered by Rogers Communications Inc (RCIb.TO) to acquire Shaw Communications Inc (SJRb.TO) in a $16 billion deal were insufficient. The companies have proposed full divesture of Shaw’s wireless business, Freedom Mobile, to address concerns abut the deal’s anti-competitive......
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