TUI AG is in talks with investors interested in buying its stake in Hapag-Lloyd as an option in its long-planned exit from the German shipping company, TUI's chairman told a newspaper.
Deals
BC Partners to acquire PetSmart for $8.7 billion
Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year.
Carlyle, Warburg Pincus in the lead to acquire DBRS
A private equity consortium of Carlyle Group LP (CG.O) and Warburg Pincus LLC is in advanced talks to acquire privately held credit rating agency DBRS Ltd for more than $500 million, according to people familiar with the matter.
New Jersey college buys Atlantic City casino for dorm, branch campus
A New Jersey college said on Saturday it has completed its $18 million purchase of the shuttered Showboat Atlantic City casino resort from Caesars Entertainment Corp (CZR.O), a deal that would usher in a new dormitory and a branch campus.
Apollo nearing deal to buy PetSmart for about $8 billion: Bloomberg
Apollo Global Management (APO.N) is nearing a buyout of PetSmart Inc (PETM.O) for about $8 billion in what would be the largest leveraged deal for a U.S. company this year, Bloomberg reported on Saturday, citing unnamed sources.
Latest News
The U.S. Congress has cleared the way for global miners Rio Tinto (RIO.L) (RIO.AX) and BHP Billiton (BHP.AX) (BLT.L) to swap land with the government, which will allow them to build a long-delayed $6 billion copper mine in Arizona.
Cia Siderurgica Nacional SA, Brazil's largest diversified steelmaker, and a group of Asian partners agreed on Friday to move forward with a merger of their mining and logistics assets that would be completed next year.
A trillion dollar deal at the World Trade Organization to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday.
Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) said it had priced an offering of 87 million common shares at $11.00 each as the carmaker seeks funds to cut debt and pay for an ambitious investment plan.
Chinese mobile chat app firm Momo Inc, backed by Alibaba Group Holding Ltd, said its CEO will fight allegations of misconduct and corruption made by his former employer, as it prepares to debut on Nasdaq.
Tax deals that entertainment firm Walt Disney Co, commodities group Koch Industries and others agreed with the Luxembourg authorities were revealed on Tuesday by the International Consortium of Investigative Journalists (ICIJ).
Spain's Santander (SAN.MC) said it was not considering buying out the 28 percent of its U.S. auto finance business that is currently listed on the stock market after Bloomberg reported earlier on Tuesday the Spanish bank was mulling such a move.
Tax rules and concerns about Sears Holdings Corp's (SHLD.O) tenuous financial condition may force CEO Eddie Lampert to do a complicated dance as he plans to spin off the retailer's best real estate into a separate trust.
New Scotland Yard, the headquarters of London's storied police force and one of the British capital's most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.
