Endeavor Group (NYSE:EDR) shares rose 3.2% despite Silver Lake's delay in bidding, as the private equity firm intends to acquire the remaining shares after taking the company private and selling parts, with the update boosting shares by nearly 5% earlier.
Samsonite International SA surged 14% in Hong Kong trading amid reports of takeover interest, prompting the luggage maker to explore options including going private, potentially relisting in the U.S., though no certainty exists regarding a transaction.
Sandvik acquires Cimquest, a leading U.S.-based reseller of CAM solutions, to integrate into its Mastercam unit, expecting minimal impact on EBITA margin and positive earnings per share.
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.
