Broadcom (NASDAQ: AVGO) is reportedly nearing a $4 billion sale of its software business to private equity firm KKR & Co. (NYSE: KKR), with the deal potentially being announced soon, following Broadcom's purchase of VMware and plans to divest certain business units.
Callon Petroleum's $2.6 billion sale to APA Corp., including debt, is set to close around April 1 pending shareholder approvals; the HSR waiting period for the acquisition expired, with each Callon common share to be exchanged for 1.0425 shares of APA, contributing to a 1.2% rise in CPE shares and a 0.8% climb in APA shares.
Vodafone's (NASDAQ:VOD) ADRs surged 1.5% amidst heightened takeover rumors, with speculation suggesting potential involvement from Goldman Sachs and Jefferies, while the buyer's identity, possibly US or European, remains undisclosed.
The Biden administration is scrutinizing Nippon Steel's connections to China amid its bid to acquire US Steel, potentially complicating the deal due to concerns about increased access to U.S. markets for Chinese steel and environmental groups' fears regarding climate change setbacks.
Enterprise Products Partners (NYSE: EPD) acquired Whitethorn Pipeline Company and Enterprise EF78, along with Western Midstream Partners' (WES) interests, for $375M in cash, gaining full ownership of assets including a crude oil pipeline and natural gas liquids fractionators, and agreeing to acquire Western Midstream's (WES) 15% interest in Panola Pipeline Company for $25M.
Sanofi's ADRs surged 3.2% on news of private equity interest in its consumer health unit, potentially valued at $20 billion, amid plans for a separation announced in late October.
Capital One (COF) is exploring the acquisition of Discover Financial Service (DFS), with ongoing discussions and no guarantee of a purchase, as reported by Bloomberg; both companies have yet to comment, and Discover is scheduled to present at the UBS Financial Services Conference on Feb. 26.
Sidley represents MDD in its acquisition by Davies, integrating MDD's forensic accounting expertise into Davies' Global Solutions division to enhance its global capabilities, showcasing Sidley's prominence in transatlantic insurance industry M&A.
Uniti (NASDAQ:UNIT) surged 5.5% in after-hours trading following reports of discussions for a potential merger with Windstream, considering a stock-based deal where Uniti would retain its public listing, though no agreement has been finalized and discussions remain ongoing.
The Defence Ministry approved the procurement of military equipment worth Rs 84,560 crore, including new planes, radar systems, torpedoes, and anti-armour munition, to enhance the combat capabilities of the Armed Forces and strengthen maritime surveillance and air defence capabilities.