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Despite Increased Transactions, M&A Activity Sees Sharp Decline in April

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According to a report by a consultancy firm, the overall merger and acquisition (M&A) activity by value witnessed a significant decline of 60% in April, totaling $5.192 billion compared to March’s $12.934 billion. Surprisingly, there was a 24% increase in the number of deals, totaling 176 transactions during the month. The decline in value was …

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Sodalis Group Acquires Majority Stake in Germany’s Artdeco Group

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While the financial terms of the deal have not been disclosed, it’s understood that Sodalis Group will obtain more than an 80 percent stake in the firm. The transaction is anticipated to be finalized by early June, pending necessary clearance from antitrust authorities. Founded in 1985 by Helmut Baurecht, Artdeco Group comprises three brands: Artdeco, …

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Akamai Doubles Down on API Security With $450M Noname Acquisition Deal

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Akamai Technologies has announced its acquisition of API security firm Noname Security for $450 million, aiming to extend protection across all API traffic locations. The acquisition underscores Akamai’s commitment to enhancing API security by focusing on improved discovery of “shadow” APIs and detection of API vulnerabilities and attacks. This strategic move comes as Akamai showcases …

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Sunoco Completes Acquisition of NuStar Energy L.P. and Announces Quarterly Distribution Increase

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Sunoco has successfully completed the acquisition of NuStar Energy L.P. The merger received approval from NuStar unitholders during a Special Meeting held on May 1, 2024. As of May 3, 2024, NuStar’s common units have ceased trading on the New York Stock Exchange. This strategic acquisition significantly bolsters Sunoco’s stability, credit profile, and financial foundation. …

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Modi’s Photo Removed from Covid Vaccine Certificates; Health Ministry Responds

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The Union health ministry has recently made a significant alteration to Covid-19 vaccination certificates issued through CoWIN, removing the image of Prime Minister Narendra Modi. Previously, these certificates prominently featured PM Modi’s image alongside a quote affirming India’s collective resolve to combat the coronavirus pandemic. While the quote remains intact, PM Modi’s name has been …

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UK Regulator Questions Vodafone and Three Merger Plans

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The Competition and Markets Authority (CMA) in the UK has cast fresh doubt on the likelihood of approving a merger between Vodafone and Three, questioning the necessity of such a move despite the operators’ arguments for consolidation. Vodafone and Three have been advocating for a merger, claiming that the UK telecom landscape would benefit from …

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Apollo 24/7 Secures Rs 2,475 Crore Investment and 12.1% Advent Stake in Mega Merger with Keimed

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Apollo HealthCo Limited, a subsidiary of Apollo Hospitals Enterprise Limited, has unveiled a major development with plans to raise Rs 2,475 crore ($339 million) in equity capital from Advent International, a prominent private equity investor. This strategic move is part of a merger initiative that will also integrate Keimed Private Limited, India’s leading wholesale pharmaceutical …

Apollo 24/7 Secures Rs 2,475 Crore Investment and 12.1% Advent Stake in Mega Merger with Keimed Read More »

Madras HC Refuses to Interfere with LVB-DBS Merger, Directs RBI to Reassess Tier-II Bond Write-Off

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The Madras High Court, in a ruling on April 26, declined to intervene in the 2020 merger of Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). However, the court directed the Reserve Bank of India (RBI) to conduct a fresh valuation of the assets and shares of both entities to determine any reduction …

Madras HC Refuses to Interfere with LVB-DBS Merger, Directs RBI to Reassess Tier-II Bond Write-Off Read More »

US Federal Trade Commission Opposes Tapestry’s Acquisition of Capri Holdings: Here’s Why

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The US Federal Trade Commission (FTC) has taken a firm stance against Tapestry Inc.’s proposed $8.5 billion acquisition of Capri Holdings Ltd., the parent company of Michael Kors. This marks a notable move in antitrust enforcement within the fashion accessories sector, raising concerns about market competition and consumer welfare under the Biden administration. Key Points: …

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NAGA Shareholders Overwhelmingly Approve Merger with CAPEX.com

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NAGA Group AG’s shareholders have voted with an overwhelming majority of 99.81% in favor of the proposed merger with CAPEX.com. The Extraordinary General Meeting (EGM), held on April 12th, witnessed strong confidence in the merger, marking a significant step forward for both entities. During the EGM, the newly appointed CEO of NAGA AG, Octavian Patrascu, …

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