UK defence supplier Meggitt agrees £6.3bn takeover from US rival

UK defence supplier Meggitt agrees £6.3bn takeover from US rival

Jobs are under threat at the British engineering firm Meggitt after it agreed a £6.3bn takeover deal from US rival Parker Hannifin, in the latest approach for a UK-listed company from an overseas buyer. The board of Meggitt, the FTSE 250 engineering company that...
PepsiCo to sell Tropicana, other juices, in $3.3B deal

PepsiCo to sell Tropicana, other juices, in $3.3B deal

PepsiCo will sell Tropicana and other juices to a private equity firm in a $3.3 billion deal. The New York drink and snack company will keep a 39% non-controlling stake in a newly formed joint venture in the deal with PAI Partners. Juice sales began to decline...
Tiger Global Invests in Indian Startup at $2.5bn Value

Tiger Global Invests in Indian Startup at $2.5bn Value

Tiger Global has agreed to invest an additional $125m in Infra.Market in a deal that values the Indian technology startup at about $2.5bn, according to a person familiar with the matter. The Mumbai-based company plans to use the fresh capital for expansion in the...