Stocks of the Japanese steelmaker soared after President Donald Trump approved its takeover offer for its American peer, clearing a key hurdle in its 18-month pursuit and securing access to a vital market for its growth strategy.
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PHOTO: USS
Nippon Steel shares rise after Trump approves $14.9B US Steel bid
Stocks of the Japanese steelmaker soared after President Donald Trump approved its takeover offer for its American peer, clearing a key hurdle in its 18-month pursuit and securing access to a vital market for its growth strategy. Read here
Amazon to invest $13B
in Australian data center
The Washington-headquartered e-commerce giant is set to expand, operate, and maintain its data center infrastructure in Australia from 2025 to 2029, bolstering the nation's artificial intelligence capabilities. Read here
PHOTO: THOMAS PHOTOGRAPHY
Spectris backs Advent’s $5B deal, rejects KKR bid
The industrial technology group has rebuffed a second takeover proposal from the New York firm, opting instead to back a rival offer from its Boston-based peer in one of the largest UK’s public-to-private deals.Read here
PHOTO: ADVENT
NEWS WORTH NOTING
Nvidia’s sovereign AI pitch resonates with EU leaders
Europe is now starting to listen and act on the idea proposed by the AI specialist that the language, knowledge, history, and culture of each region are different, and every nation needs to develop and own its AI.Read here
The Abu Dhabi National Oil Company and private equity giant Carlyle are leading a landmark all-cash proposal to acquire Australia’s second-largest gas producer. Read here
Probe launched into $13.3B Omnicom–Interpublic deal
Britain's competition watchdog is investigating the merger between the advertising giants to assess whether the agreement could lead to a reduction in competition. Read here
Airbus wins Polish order
for 40 A220 plus options
Poland's top airline LOT is poised to announce an order for 40 Airbus A220 plus options for a further 44 aircraft, following a lengthy bidding battle, according to a report. Read here
Dawson Partners closes $1.2B fund securitisation
The Canadian alternative asset manager has completed a collateralised fund obligation, packaging interests in private capital funds into a multi-tranche securitisation. Read here
