Toromont Industries Ltd (TIH.TO) said on Monday it would buy privately held Hewitt Group for about C$1.02 billion ($818 million) in cash and shares to expand its network of heavy equipment dealers in eastern Canada.
1 min read · 28 August 2017
Fusion Telecommunications International Inc will buy the cloud and business services unit of Birch Communications in a deal that creates a combined company worth about $950 million, including debt, sources told Reuters.
2 min read · 28 August 2017
Gilead Sciences Inc agreed to buy Kite Pharma Inc in a $11.9 billion deal on Monday, as it looks to fuel growth with an emerging class of cancer immunotherapies that are expected to generate billions, Reuters reported.
2 min read · 28 August 2017
Uber Technologies Inc chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis, Reuters reported.
4 min read · 28 August 2017
Anglo-Australian mining giant BHP Billiton Ltd is considering selling a 25 percent interest in its Canadian potash mine project, a stake that could be worth close to US$2 billion, sources told Reuters. The move comes as U.S. hedge fund manager Elliott Management Corp has been pushing the company for changes. BHP is working with an investment bank for the potential stake sale in its partly built Jansen, Saskatchewan potash project, the sources said. BHP laid out options for the Jansen project in an investor presentation dated August 22, saying it could wait, find a partner, divest or optimize it.
3 min read · 25 August 2017
Veritas Capital, a New York-based private equity firm, is exploring the sale of electronics and optical sensor component maker Excelitas Technologies Corp in a deal that could fetch as much as $2 billion, sources told Reuters.
1 min read · 25 August 2017
A September stock market listing remains an option for German meal kit delivery company HelloFresh, its chief executive told Manager Magazin, saying he was not swayed by the plunge in U.S. rival Blue Apron’s (APRN.N) shares, Reuters reported.
2 min read · 25 August 2017
AutoFi Inc, a financial technology startup catering to the auto industry, said on Thursday it raised $10 million in series A funding, bringing the total amount of equity funding to $17 million.
1 min read · 25 August 2017
A battle among shareholders over Uber Technologies Inc escalated on Thursday as some investors sought to fight a lawsuit by shareholder Benchmark Capital against ousted Chief Executive Travis Kalanick, Reuters reported.
3 min read · 25 August 2017
JD.com Inc (JD.O) has invested in Indonesian ride-hailing startup Go-Jek, sources told Reuters, in the latest move by China’s second-largest e-commerce firm to tap growth in Southeast Asian mobile-based services.
2 min read · 25 August 2017
