The fiber-cement maker is set to buy the Chicago-based artificial decking maker, earning a lukewarm reaction that shows a sense of caution among investors about a firm widening its footprint in the United States.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: AZEK
James Hardie offers $8.8B for building products maker AZEK
The fiber-cement maker is set to buy the Chicago-based artificial decking maker, earning a lukewarm reaction that shows a sense of caution among investors about a firm widening its footprint in the United States. Read here
Warburg Pincus, Temasek targeting $5B in GHX sale
The private equity firms are preparing to sell their majority stake in the Colorado-based healthcare supply chain management firm Global Healthcare Exchange, with the deal expected to be valued at up to $5 billion. Read here
PHOTO: GHX
$3.7B offer set as Citgo parent auction baseline
A US court officer overseeing an auction of shares in the parent of the refiner is recommending a judge choose the offer by an affiliate of Contrarian Funds to set the floor for a new bidding round. Read here
PHOTO: CITGO
NEWS WORTH NOTING
NEWS WORTH NOTING
FuriosaAI turns down buyout offer from Meta
The startup that makes chips for artificial intelligence applications has rejected an $800 million acquisition offer from the California tech giant, opting instead to focus on developing and producing its AI chips. Read here
The Singapore-based global investment company’s subsidiary launch in Abu Dhabi is a strategic pivot that aligns with Temasek’s T2030 sustainability vision. Read here
Xiaomi to raise up to $5.27B from share sale
The Chinese smartphone and electric vehicle maker is raising financing in a top-up placement, selling 750 million Class B shares at a price range with a 4.2-7.4% discount. Read here
Gold Road Resources turns down Gold Fields’ $2.1B bid
The Australian miner has rejected a buyout offer from its South African peer, which the latter aimed at consolidating its ownership over the Gruyere gold mine. Read here
Oakley Capital raises speedy $4.9B flagship fund
The London-based private equity firm has secured the final close of Oakley Capital Fund VI at its hard cap, which is around 58% larger than its predecessor vehicle. Read here
