Britain’s largest drugstore chain Boots has set a Feb. 24 deadline to receive indicative bids from a series of deep-pocketed investors that could value the 173-year old firm at up to $10bn, two sources told Reuters. The sale will see U.S. drugstore giant Walgreens,...
Automotive parts maker Tenneco is being taken private by funds managed by affiliates of private equity firm Apollo in an all-cash deal valued at about $7.1bn. The transaction includes the assumption of Tenneco’s debt. Apollo will pay $20 per Tenneco Inc. share,...
After watching big banks curtail lending and asset managers pare bets, fossil fuel producers are now losing access to some of Wall Street’s deepest pockets. Blackstone, once a major player in shale patches, is telling clients its private equity arm will no longer...
Telecom Italia (TIM) is considering selling its stake in mobile tower group INWIT to French investment fund Ardian as part of its efforts to shore up its finances. La Repubblica reported on Wednesday that the Italian phone group is thinking about a balance sheet...
Local TV station giant Tegna is being acquired by a Standard General L.P. affiliate for $24 per share in cash. The deal has an equity value of approximately $5.4bn and an enterprise value of about $8.6 billion when including the assumption of debt. The transaction... 