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Philip Morris wins Elliott’s backing for $15.7bn Swedish Match takeover [buyout/ takeover]

Activist hedge fund stands to make about $150mn in profit from deal Source Author: unknown

Exxon faces $2 billion loss on sale of troubled California oil properties [Deals Market Headlines | Breaking Stock Market News | Reuters]

Exxon Mobil Corp (XOM.N) will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill....

New York legal ruling ends Fox’s battle with Flutter over FanDuel price [Mergers & Acquisitions]

Arbitrator says Murdoch-owned media group must pay at least $3.7bn if it wants minority stake in betting company Source Author: unknown

Private Equity Firms Will Trigger a Rebound in M&A Soon [Mergers & Acquisitions – a leading source for M&A analysis]

Ninety-five percent of CEOs say they failed to complete or canceled a planned M&A deal over the past 12 months. That’s according to EY’s latest global CEO Outlook Pulse Survey. EY’s analysts...

Private Equity Firms Will Trigger a Rebound in M&A Soon [Mergers & Acquisitions – a leading source for M&A analysis]

Guerzoni believes sectors such as consumer, industrials, leisure, and hospitality are likely to be more exposed to these factors and face higher levels of distress. Other PE firms could be seeing...

Ex-Twitter Employees Sue Company Over Firings [Law360: Mergers & Acquisitions]

Twitter violated the Worker Adjustment and Retraining Notification Act when it suddenly started firing workers shortly after Elon Musk closed his $44 billion deal to buy the social media platform,...

KKR, Temasek look to buy India’s TPG-backed Care Hospitals [Private Equity Insights]

U.S. investment firm KKR, Singapore’s Temasek Holdings, and India’s Max Healthcare Institute are vying to buy TPG-backed chain of Care Hospitals in a deal worth over $1bn, Mint newspaper...

KKR, Temasek look to buy India’s TPG-backed Care Hospitals [Private Equity Insights]

U.S. investment firm KKR, Singapore’s Temasek Holdings, and India’s Max Healthcare Institute are vying to buy TPG-backed chain of Care Hospitals in a deal worth over $1bn, Mint newspaper...

KKR, Temasek look to buy India’s TPG-backed Care Hospitals [Private Equity Insights]

U.S. investment firm KKR, Singapore’s Temasek Holdings, and India’s Max Healthcare Institute are vying to buy TPG-backed chain of Care Hospitals in a deal worth over $1bn, Mint newspaper...

KKR Vies With Cellnex for $14bn Vodafone Tower Arm [Private Equity Insights]

KKR & Co. is seen as the party to beat as it competes with Cellnex Telecom SA in the final race for a stake in Vodafone Group Plc’s towers unit, people with knowledge of the matter said....