Deals Archives | Reuters News Agency Fri, 17 Jan 2025 14:02:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://www.reutersagency.com/wp-content/uploads/2024/06/reuters-favicon-2-150x150.png Deals Archives | Reuters News Agency 32 32 Device maker Stryker strikes $4.9 billion deal for Inari Medical  https://www.reutersagency.com/en/reutersbest/article/device-maker-stryker-strikes-4-9-billion-deal-for-inari-medical/ Mon, 06 Jan 2025 13:59:09 +0000 https://www.reutersagency.com/en/?post_type=best&p=315713 Shares of medical device maker Inari Medical surged nearly 30% after Reuters revealed that medical technology giant Stryker was in […]

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]]> Shares of medical device maker Inari Medical surged nearly 30% after Reuters revealed that medical technology giant Stryker was in advanced talks to acquire it. The deal was later confirmed by both companies. 

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]]> Despite revamped proposals, Nippon Steel deal on track to be blocked, letter shows  https://www.reutersagency.com/en/reutersbest/article/despite-revamped-proposals-nippon-steel-deal-on-track-to-be-blocked-letter-shows/ Wed, 18 Dec 2024 02:16:25 +0000 https://www.reutersagency.com/en/?post_type=best&p=315618 Despite a steady stream of meetings and calls with U.S. officials, and three revamped proposals to assuage national security concerns, […]

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]]> Despite a steady stream of meetings and calls with U.S. officials, and three revamped proposals to assuage national security concerns, Nippon Steel has failed to garner approval from a powerful panel reviewing its $14.9 billion bid for U.S. Steel, a letter seen by Reuters shows. 

Why it matters 

The letter, sent Saturday, sets the stage for U.S. President Joe Biden, who has long opposed the deal, to block it. The Committee on Foreign Investment in the United States (CFIUS), which reviews deals for national security risks, has a Dec. 23 deadline to approve the deal, extend the review, or recommend Biden scuttle it. If the agencies that make up the panel remain at loggerheads, as the letter states, they will refer the matter to Biden to take action. 

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]]> Rosneft, Reliance agree biggest ever India-Russia oil supply deal https://www.reutersagency.com/en/reutersbest/article/rosneft-reliance-agree-biggest-ever-india-russia-oil-supply-deal/ Thu, 12 Dec 2024 20:33:51 +0000 https://www.reutersagency.com/en/?post_type=best&p=315495 Russia’s state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private […]

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]]> Russia’s state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said. 

Why it matters 

The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13 billion a year at today’s prices. It would further cement energy relations between India and Russia, which is under heavy Western sanctions over its invasion of Ukraine. 

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]]> Worldline attracts early stage interest from private equity firms  https://www.reutersagency.com/en/reutersbest/article/worldline-attracts-early-stage-interest-from-private-equity-firms/ Tue, 03 Dec 2024 01:42:31 +0000 https://www.reutersagency.com/en/?post_type=best&p=315415 French payments group Worldline has attracted early stage takeover interest from private equity firms, as it grapples with a falling […]

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]]> French payments group Worldline has attracted early stage takeover interest from private equity firms, as it grapples with a falling share price, profit warnings and leadership change, five people with knowledge of the matter told Reuters. 

Why it matters 

Discussions about a potential deal come during a challenging period for Worldline. Its shares have fallen by 92% since July, 2021 when investor enthusiasm for payments companies peaked, after recording three profit warnings within a year. 

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]]> India’s Andhra Pradesh state likely to suspend Adani power deal  https://www.reutersagency.com/en/reutersbest/article/indias-andhra-pradesh-state-likely-to-suspend-adani-power-deal/ Tue, 26 Nov 2024 07:52:55 +0000 https://www.reutersagency.com/en/?post_type=best&p=315372 India’s Andhra Pradesh state is likely to suspend a power purchase deal linked to Adani Group due to the U.S. […]

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]]> India’s Andhra Pradesh state is likely to suspend a power purchase deal linked to Adani Group due to the U.S. indictment of the group’s billionaire founder Gautam Adani over an alleged bribery scheme, Reuters exclusively revealed. 

Why it matters 

The suspension, likely to be announced soon, would be the first such action by an Indian state government after U.S. prosecutors charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unidentified Indian government officials to obtain solar power-supply contracts. 

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]]> Sony is in talks to buy media powerhouse behind ‘Elden Ring’ https://www.reutersagency.com/en/reutersbest/article/sony-is-in-talks-to-buy-media-powerhouse-behind-elden-ring/ Tue, 19 Nov 2024 11:43:13 +0000 https://www.reutersagency.com/en/?post_type=best&p=315311 Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the “Elden Ring” game, Reuters exclusively reported, as […]

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]]> Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the “Elden Ring” game, Reuters exclusively reported, as the technology giant looks to add to its entertainment portfolio. Shares of Tokyo-listed Kadokawa, were flooded with buy orders after the report and finished the day up 23%, having risen by their daily limit.  The company later confirmed it had received an initial letter of intent for the acquisition – a full day after Reuters clients first had the news. 

Why it matters 

Known as the inventor of the Walkman, Sony has transformed from an electronics manufacturer into an entertainment and technology juggernaut spanning movies, music, games and chips. 

Sony’s focus includes anime, whose growth worldwide has been fueled by the spread of streaming services and greater familiarity with Japanese culture. 

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]]> Compass Minerals attracts takeover interest from buyout firms, sources say https://www.reutersagency.com/en/reutersbest/article/compass-minerals-attracts-takeover-interest-from-buyout-firms-sources-say/ Sat, 16 Nov 2024 11:58:34 +0000 https://www.reutersagency.com/en/?post_type=best&p=315347 Compass Minerals’ shares jumped more than 30% on Friday after an exclusive Reuters report on the company’s talks with potential […]

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]]> Compass Minerals’ shares jumped more than 30% on Friday after an exclusive Reuters report on the company’s talks with potential suitors, including several private equity firms. 

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]]> Pfizer explores sale of hospital drugs unit  https://www.reutersagency.com/en/reutersbest/article/pfizer-explores-sale-of-hospital-drugs-unit/ Tue, 12 Nov 2024 13:11:59 +0000 https://www.reutersagency.com/en/?post_type=best&p=315168 Reuters exclusively reported that Pfizer is exploring the sale of its hospital drugs unit, as the drugmaker, which has been under […]

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]]> Reuters exclusively reported that Pfizer is exploring the sale of its hospital drugs unit, as the drugmaker, which has been under pressure from activist investor Starboard Value, looks to divest non-core assets. 

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]]> Commerzbank considers buying domestic rival in UniCredit defence plan  https://www.reutersagency.com/en/reutersbest/article/commerzbank-considers-buying-domestic-rival-in-unicredit-defence-plan/ Tue, 12 Nov 2024 11:48:54 +0000 https://www.reutersagency.com/en/?post_type=best&p=315166 Commerzbank is weighing the acquisition of a mid-sized German bank as part of its strategy to fend off a possible […]

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]]> Commerzbank is weighing the acquisition of a mid-sized German bank as part of its strategy to fend off a possible takeover by Italy’s UniCredit, three people with knowledge of the matter told Reuters. The deliberations of an acquisition are at an early stage and possible targets could include Hamburg Commercial Bank (HCOB) or Oldenburgische Landesbank 

Why it matters 

If Commerzbank were to pull off a deal before UniCredit has time to swoop, it could unravel the mooted cross-border merger, which would be Europe’s biggest since the crisis of 2008. Germany fears the Italian plan could cost jobs and influence. 

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]]> Warner Bros Discovery CEO sees more industry deals under Trump  https://www.reutersagency.com/en/reutersbest/article/warner-bros-discovery-ceo-sees-more-industry-deals-under-trump/ Fri, 08 Nov 2024 12:18:24 +0000 https://www.reutersagency.com/en/?post_type=best&p=315167 Reuters was 32 seconds ahead of the competition when Warner Bros Discovery reported a surprise profit that sent the media […]

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]]> Reuters was 32 seconds ahead of the competition when Warner Bros Discovery reported a surprise profit that sent the media giant’s shares soaring more than 11%. 

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