European markets traded higher in early sessions, while Japan’s Nikkei jumped 1.8% and Hong Kong’s Hang Seng rose 1.1% after news emerged that China is considering excluding certain US products from its 125% tariffs.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: DILOKA107
Stocks rally on reports China
may offer US tariff exemptions
European markets traded higher in early sessions, while Japan’s Nikkei jumped 1.8% and Hong Kong’s Hang Seng rose 1.1% after news emerged that China is considering excluding certain US products from its 125% tariffs. Read here
Clearlake buys time to raise $15B for buyout fund
The California-based private investment firm has secured an extension from investors to gather capital for its newest private equity fund, the latest sign of a difficult fundraising environment for buyout firms.Read here
PHOTO: CLEARLAKE
Morgan Stanley eyes $2B
Permian pipelines sale
Morgan Stanley Infrastructure Partners is exploring the sale of its majority stake in Brazos Midstream II, with a deal expected to value its holding at more than $2 billion including debt, according to a report. Read here
PHOTO: MORGAN STANLEY
NEWS WORTH NOTING
UPS set to buy Andlauer Healthcare in $1.6B deal
The Atlanta-based global logistics and package delivery company has entered into a definitive agreement to acquire the Canadian supply chain management firm offering logistics solutions for the healthcare sector.Read here
Toyota chair proposes $42B buyout of Toyota Industries
Toyota Motor Corp Chairman Akio Toyoda is mulling the acquisition of the supplier to consolidate the group as a wave of merger and acquisition activities roils Japan. Read here
Merck in late-stage talks to buy SpringWorks for $3.5B
The German pharmaceutical giant is negotiating the acquisition of the US-based biopharmaceutical in a deal that could give it access to a recently approved rare disease drug. Read here
Tencent Music in talks to buy Ximalaya for $2.4B
The Chinese online music platform is in advanced discussions to acquire the podcasting startup in a deal that would accelerate its push to become China’s answer to Spotify. Read here
Aster Chemicals to bid for Exxon Singapore gas stations
The new operator of the Bukom refining complex is planning to make an offer for petrol stations in the city-state as the refiner seeks retail fuel sales outlets. Read here
