Todays' latest stories, ensuring our readers up to date with any breaking news developments.
Panama bids for full ownership of strategic oil terminal
Panama's government will buy the remaining 41% private stake in Petroterminal de Panama, the ?economy and finance ministry said on Friday, handing ?the state full ownership of a strategic energy and logistics asset in a move aimed at tightening national control over critical infrastructure.
Payments company ACI explores sale of billing unit, sources say
Payments provider ACI Worldwide is exploring a sale of its billing division, according to three people ?familiar with the matter, as strong investor demand for payments software ?and recurring-revenue businesses fuels dealmaking across the sector.
Private credit roundup - Discounts show the cost of getting out
Pressure in private markets is showing up in an ?uncomfortable place: the gap between what funds say their assets are worth and what investors may have to accept to ?get out now.
Saudi PIF set to win EU nod for Electronic Arts deal under subsidy rules, sources say
A group of ?investors including Saudi Arabia's Public Investment Fund is set ?to secure European Union approval for its $55 billion acquisition of video game developer Electronic Arts under EU subsidy rules, people familiar with the matter said.
ConocoPhillips joins BP in Iraq as Baghdad seeks more US energy investment
ConocoPhillips said on Friday it had agreed to acquire a 42% stake in BP ?Energy Company of Kirkuk Ltd from BP , joining the British oil major ?in redeveloping four producing oilfields in northern Iraq.
Casino earnings put focus on dealmaking amid slower sector growth
Investors will likely pay closer attention to potential dealmaking than earnings when U.S.-based casino operators prepare to ?report second-quarter results, as growth in the sector becomes scarce.
Australia's Perpetual knocks back EQT's improved $1.75 billion offer
Australia's Perpetual has ?rejected a sweetened A$2.5 billion ($1.75 billion) takeover proposal from Swedish private equity firm EQT , it said on Friday, the second time the wealth manager has turned away its suitor in recent ?weeks.
Japan's ruling party warns about suspected collusion between activist investors and private equity
Japan's ruling party raised concerns on Friday ?over suspected collusion between activist investors and buyout funds in take-private deals, warning that such arrangements could undermine fairness in capital markets.
7-Eleven owner's shares jump as Zabka talks burnish Europe expansion push
Shares ?in 7-Eleven owner Seven & i rose nearly 4% in Tokyo on Friday as the firm said it was in ?talks to buy a stake in Polish convenience store operator Zabka as it seeks new growth drivers after investor pressure over weak earnings.
Coles ends talks with TPG Capital over Greencross buy, shares jump
Australia's Coles Group said ?on Friday it had ended discussions with ?U.S. private equity firm TPG Capital over a potential acquisition of Greencross Pet Wellness, sending its shares up as ?much as 5%.
PayPal board sees Stripe-Advent offer as inadequate, sources say
PayPal’s board sees a $53 billion takeover bid by rival Stripe and private equity firm ?Advent International as undervaluing the company and facing regulatory and financing hurdles, a person familiar with the matter said, potentially setting the stage ?for negotiations over the future of the U.S. payments giant.
Lilly enters psychedelic drug race with up to $3.8 billion AtaiBeckley deal
Eli Lilly will ?buy AtaiBeckley for up to $3.8 billion, the company said on Thursday, joining a race among pharma majors to develop psychedelic treatments for depression and other mental health conditions.
Zabka hits record high after report Seven & i nears stake purchase
Japanese retail ?giant Seven & i Holdings is in the final stages of talks to ?take a stake in Polish convenience store operator Zabka Group , the Nikkei business daily reported on Thursday, sending Zabka's shares to a new all-time high.
Italy's Angelini Pharma completes $4.1 billion state-backed takeover of Catalyst
Angelini Pharma said on Thursday it had completed the acquisition ?of U.S. rare-disease drug maker Catalyst Pharmaceuticals in a $4.1 billion ?deal involving Italian state lender CDP.
KKR-led group raises takeover bid for Ireland's DCC to $7.9 billion
Private ?equity firms KKR and Energy Capital Partners have sweetened their takeover bid for Ireland's DCC for the second time in five weeks, the energy distributor said on Thursday, valuing it at up to £5.81 billion ($7.86 billion).
Uber in $15 billion deal for Delivery Hero to create global takeout giant
Uber agreed on Thursday to buy Germany's Delivery Hero at an equity value of $14.8 billion to create the ?largest food-delivery group outside China and stave off intensifying competition from U.S. and European rivals.
Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy
Hyundai Motor Group on ?Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group's stake ?of around 10%, a move it said would help it deploy advanced robotics across its operations.
Wall Street's investment banking machine firing on all cylinders
A broad revival in investment banking is taking hold on Wall Street, fueled ?by a surge in IPOs, mergers and debt issuance.
US agency to vote to end 39% local TV station ownership cap
The chair of the Federal Communications Commission said Wednesday the agency will vote to ?rescind the 85-year-old rule that bars broadcasters from reaching more than ?39% of the total number of U.S. TV households.
Portugal says strategy, not just price, will decide TAP stake buyer
Portugal's choice of a buyer of a minority stake in flag carrier TAP is a strategic decision that ?will depend on more than the bid price, the country's ?infrastructure minister said on Wednesday, as Air France-KLM and Lufthansa prepare to make binding offers.