14 stories
Elon Musk's space company SpaceX is targeting a fixed $135 per share price during its IPO roadshow, sources told CNBC. The valuation would place the company at roughly $1.75 trillion, making it the largest technology listing in recent years.
Australian infrastructure fund Macquarie and private-equity manager IG4 Capital have agreed to sell their controlling stake in Brazilian multimodal logistics operator CLI to Abu Dhabi-based AD Ports Group for 835 million US dollars.
Greg Abel, who took over from Warren Buffett as Berkshire Hathaway chair, has unveiled a back-to-back series of acquisitions worth nearly $17 billion. CNBC said the inclusion of technology targets is a clear sign that Abel is willing to put Berkshire's enormous balance sheet to active use.
According to RNZ Business, New Zealand's primary care chain The Doctors will be sold for around NZ$270 million. The new ownership structure remains domestically anchored, aligning with the government's emphasis on local health services.
New Zealand Heartland Bank has announced plans to acquire regional rival TSB for $620 million. The deal marks a new step in years of consolidation in the country's retail banking sector. The Reserve Bank will review the agreement within 60 days.
British low-cost carrier EasyJet said a possible takeover approach it had received was 'opportunistic'. The unnamed bidder is reported to be a Middle Eastern consortium. EasyJet shares closed up 6.5% in London.
Berkshire Hathaway announced two large acquisitions worth $16.8 billion in two business days under new CEO Greg Abel. Home builder Taylor Morrison and a second still-unnamed target were acquired. Wall Street analysts said Abel's strategy 'to mobilise Buffett's cash pile' has begun.
Warren Buffett's Berkshire Hathaway has agreed to buy US homebuilder Taylor Morrison for $6.8 billion. The deal is read as a long-term bet on the US housing market despite an elevated-rate environment. The transaction is expected to close in the fourth quarter of 2026.
New Zealand's government has committed NZ$50,000 to support a local growers' group's bid to take over the McCain Foods factory in Hawke's Bay, in a move aimed at preventing the plant's planned closure. The grant is intended to preserve regional food-production infrastructure. The investment could delay the factory's July closure date.
Universal Music Group, the world's biggest music company, has rejected a takeover bid worth about €49 billion from US hedge-fund manager Bill Ackman's Pershing Square vehicle. The Amsterdam-listed group said the price 'significantly undervalues' the business. The board's stance signals European resistance to US-led consolidation of catalogue assets.
Paris Saint-Germain defeated Arsenal on penalties to win back-to-back UEFA Champions League titles in Munich, Al Jazeera reported. The final ended 1-1 after extra time, with Luis Enrique's side becoming the first French club to lift the trophy in successive years.
Yum Brands is in exclusive talks to sell Pizza Hut to private-equity firm LongRange Capital, Investing.com Americas reported citing Bloomberg News. Deal size and structure have not been formally disclosed; an investment-decision disclaimer applies throughout.
According to RNZ Business, New Zealand-based Tourism Holdings has downgraded its full-year earnings outlook while disclosing that a private equity-backed consortium of major shareholders has submitted a revised takeover approach.
Chinese biotech Innovent Biologics rose as much as 10% on Hong Kong's exchange after signing a strategic global licensing and collaboration agreement with US pharma giant Pfizer. The deal covers oncology medicines and includes upfront and milestone payments worth up to $10.5 billion.