ShaMaran Petroleum is set to increase its indirect working interest in the Atrush Block in Kurdistan from 27.6% to 50% through a two-step transaction, involving the acquisition of TAQA's 47.4% interest and the sale of a 25% interest and operatorship to HKN Energy IV, aligning with ShaMaran's consolidation strategy in the region.
Zee Entertainment seeks a second deadline extension with Sony for their merger as the companies grapple with unresolved issues, primarily revolving around the future role of Zee CEO Punit Goenka in the merged entity, with the deadline just hours away.
Spirit Airlines is urging JetBlue Airways to appeal a federal judge's decision blocking their $3.8 billion planned sale, citing contractual obligations, while JetBlue is undecided, considering the likelihood of winning the appeal and concerns over Spirit's deteriorating business since the deal was struck in July 2022.
Famed activist investor Nelson Peltz criticizes Walt Disney's board oversight, launching a proxy campaign for board seats, citing poor company management and the need for increased capital investment in parks, while also expressing dissatisfaction with CEO Bob Iger's performance.
Mullen Group announced on Wednesday that it has agreed to acquire ContainerWorld Forwarding Services, a leading logistics provider for the alcohol industry in Canada, with the deal set to integrate ContainerWorld into Mullen Group's Logistics & Warehousing segment, projecting an annual revenue of approximately $150 million
Restaurant Brands International (NYSE: QSR) has finalized a $1.0 billion deal to acquire Carrols Restaurant Group (NASDAQ: TAST), the largest Burger King franchisee in the U.S. The $9.55 per share price represents a 23.1% premium over Carrols' 30-day average, with plans for rapid renovations in line with Burger King's strategic growth initiatives.
Tata Steel Ltd has officially amalgamated with The Tinplate Company of India Limited on January 15, 2024, marking a historic merger as per the approved share exchange ratio. The dissolution of The Tinplate Company of India without winding up and the cessation of key managerial personnel positions are part of the effective amalgamation.
