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Couche- Tard to Makes a Deal to Buy Convenience Retail’s Hong Kong Unit for $360 Million

Canada based operator of convenience stores Alimentation Couche-Tard Inc. (ATD) simply referred to as Couche- Tard has entered into a deal to purchase the Hong Kong unit of Convenience Retail Asia Ltd (0831 ) for HK$2.79 billion ($359.80 million). According to a regulatory made by Convenience Retail Asia to the Hong Kong bourse, the company […]

G4S Turns Down Takeover Bid From Allied Universal

Britain based security company G4S Plc. (LON: GFS) has turned down a takeover bid from its U.S based competitor Allied Universal Security Services. Bloomberg News was the first to report on the matter citing having secured the information from reliable sources. According to the post by Bloomberg, G4S rejected Allied Universal’s takeover bid due to […]

JPMorgan Increases Its Stake in Chinese Securities Joint Venture to 71%

U.S based investment bank JPMorgan Chase & Co. (JPM) announced having acquired additional 20% stake in its Chinese securities joint venture bringing its total stake in the business entity at 71%. According to an exchange filing made on November 2, the bank will be purchasing the stake from its local partners. The filling shows JPMorgan […]

Airbus Expecting to Reach Cash Breakeven in Q4

Europe based aerospace and defense company Airbus SE (EPA: AIR) has announced that it’s looking forward to reaching cash breakeven in the current fourth quarter. This is the first forward looking strategy from the company since the pandemic set foot in the beginning of the year causing major disruptions in the airline industry. Due to […]

PayPal’s Acquisition Deal to Purchase Plaid Facing Antitrust Probe

A deal in which online payment system company PayPal Inc. (PYPL) was to acquire financial technology startup Plaid Inc. is glaring at antitrust scrutiny after the U.S. Justice Department filed a petition with a U.S. district court in Massachusetts. The Justice Department is demanding more details concerning the business disclosed to the public. Currently the […]

Geely Establishing a New Plant with an Annual Manufacturing Capacity of 30,000 EV’s

China based electric vehicle manufacturer Geely Automobile Holdings Ltd (GELYF) will be building a new plant with a production capacity of 30,000 premium electric vehicles annually. The new plant will be located in the western city of Chongqing and it will be fully managed by a newly registered company. According to the company’s website, the […]

Ant Group Receives Approval for Its Hong Kong Leg Dual Listing

China based financial technology company Ant Group Co Ltd announced having received an approval from China’s securities regulator for its upcoming Hong Kong leg dual listing which is estimated to fetch around $35 billion. The company is planning to simultaneously get listed in the Hong Kong and Shanghai stock markets. Insider sources revealed the company […]

Blackstone Selling BioMed in a Deal Worth $14.6 Billion

Leading company in real estate investing Blackstone Real Estate Partners announced that together with its co-investors they have discussed and resolved to sell self-administered and self-managed real estate investment company BioMed Realty Trust Inc. (BMR) for a price of $14.6 billion. Blackstone will be selling the entity to a group led by existing investors in […]

Solar Company Array Technologies Raises $1 Billion from its IPO

Solar power equipment manufacturer Array Technologies conducted its initial public offering on October 14 raising $1.05 billion from it. Once the company goes public it will be trading under the ticker symbol ARRY in NASDAQ. The U.S based company priced its shares at $22 per share in the IPO selling 47.5 million shares hence fetching […]

Aimmune Stakeholders Okays $2 Billion Nestle Offer

Shareholders of biotechnology company Aimmune Therapeutics Inc. (AIMT) have thrown their support behind a $2 billion tender offer from Swiss food and drink processing company Nestle SA (SWX: NESN) to gain entire ownership of the first peanut allergy treatment approved by the United States. Launch of the peanut allergy treatment has been sluggish due to […]