by Sebastian | Aug 9, 2021 | News
Brookfield Asset Management Inc’s reinsurance unit has agreed to buy insurer American National Group Inc for about $5bn, the Wall Street Journal reported on Monday, citing people familiar with the matter. Started in 1905 by William Lewis Moody Jr., American National...
by Sebastian | Aug 8, 2021 | News
The battle between the owner of Marlboro cigarettes and a private equity group for control of the UK inhaler maker Vectura intensified on Sunday as Philip Morris International raised its bid to more than £1bn. PMI’s offer of 165p a share came just two days after...
by Sebastian | Aug 8, 2021 | News
China’s antitrust regulator has started its review of a general offer by US private-equity firm Blackstone Group to take control of property developer Soho China, a necessary step needed for the $3.05bn deal to be concluded. The acquirer was notified on August 3 that...
by Sebastian | Aug 8, 2021 | News
Private equity firm Livingbridge is set to acquire Australian-founded teleradiology business Everlight Radiology and mark its cards as a serious player in the local buyouts scene. Street Talk can reveal Livingbridge agreed a deal to take a majority stake in Everlight...
by Sebastian | Aug 6, 2021 | News
American International Group swung to a second-quarter profit, aided by heady gains in its private-equity investments and the absence of Covid-19-related charges. The quarter was the first full one under new Chief Executive Peter Zaffino, and comes as the company is...
by Sebastian | Aug 6, 2021 | News
The consortium led by US private equity firm Fortress has increased its previous offer by £400 million. The private equity-backed consortium vying to buy Morrisons has increased its bid for the supermarket chain to £6.7 billion amid speculation of a rival bid....
