Todays' latest stories, ensuring our readers up to date with any breaking news developments.
Top Weil dealmaker to depart with M&A team for rival law firm Cravath
Prominent New York dealmaker Michael Aiello is set to depart his longtime law firm Weil, ?Gotshal & Manges alongside five other M&A partners for Cravath, ?Swaine & Moore, extending a recent string of senior Weil exits.
PE firm Waterland ends alliance with Giacom in Gamma takeover pursuit
Dutch private equity firm Waterland said on Friday it is no longer ?in concert with UK-based Giacom to make ?an offer for British telecom company Gamma Communications .
Colgate-Palmolive seeks to divest some personal care brands, sources say
Colgate-Palmolive is exploring a sale of certain mass-market personal care ?brands, including Softsoap, Irish Spring and Speed Stick, sources familiar with the matter told Reuters.
Francisco Partners, KKR to buy minority stakes in Italy's TeamSystem, sources say
Private equity firms Francisco Partners and KKR have agreed terms to buy minority stakes in ?Italian software company TeamSystem from its main investor Hellman & Friedman, three people familiar with the matter said.
Recruiter SThree unanimously rejected an unsolicited all-cash takeover approach from U.S.-based Circle8 ?Group on Friday, saying the proposal significantly ?undervalues the British company and its future prospects.
CVC in final talks for EQT's Ginko China business, sources say
CVC Capital Partners has entered final talks ?to buy the EQT-owned mainland China ?business of contact lens maker Ginko International, four people with knowledge of the matter said.
Energy Holdings to buy Ventura Offshore to form $1 billion group, mulls US dual-listing
Cyprus-based oil and gas company Energy Holdings has agreed to buy ?deepwater drilling contractor Ventura Offshore ?to create a larger platform for cash generation, shareholder distribution and growth, the ?Oslo-listed companies said on Friday.
Novartis investors turn spotlight on M&A after trial setbacks
Novartis investors are set to step up scrutiny of the Swiss group's dealmaking strategy after setbacks to drugs it acquired through mergers and acquisitions hit ?its shares, raising concerns about its pipeline.
Copart to buy ACV Auctions in $1.9 billion deal
Online vehicle auctioneer Copart on Thursday agreed to acquire peer ACV Auctions ?in an all-cash deal of about $1.9 billion, marking ?its entry into dealer-to-dealer wholesale remarketing.
Shell sells Rhode Island power plant to Constellation Energy for $715 million, acquires Hunlock Creek
Shell's North American unit said on Thursday it has agreed to sell its interests in ?a gas-fired power plant complex in Rhode Island to ?Constellation Energy for $715 million, while also expanding into the lucrative U.S. Mid-Atlantic power market.
Kenya clears Diageo's sale of EABL stake to Asahi
Kenya's competition regulator has approved Diageo's ?sale of its 65% stake in East African Breweries ?Plc to Japan's Asahi Holdings , the brewer said on Thursday.
Explainer: What comes next in Italy's banking deal frenzy
The latest twist in Italy's banking takeover saga has pitted market leader Intesa Sanpaolo against the biggest winner of the shakeup so far, Monte dei Paschi di Siena (MPS).
JD.com's Ceconomy concessions face criticism from rivals, sources say
JD.com's concessions to ease EU subsidy concerns about the Chinese e-commerce ?giant's $2.5 billion purchase of German electronics retailer ?Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters.
Wachtell dealmaker jumps to Linklaters to bolster US buildout
Law firm Linklaters said on Thursday that it has hired longtime partner Mark Gordon from Wachtell, Lipton, Rosen & Katz, marking the latest departure from ?the New York firm amid a hot market for senior U.S. ?legal talent.
Bending Spoons to buy Miro in $1.36 billion cash deal
Bending Spoons has agreed to buy Miro in an all-cash ?deal, valuing the digital collaboration platform ?at $1.36 billion, the companies said on Thursday.
Proxy solicitor Okapi hires former ISS executive Aicardi
Proxy solicitor Okapi Partners has hired a former executive from proxy advisory firm Institutional Shareholder ?Services' (ISS) special situations group, as its clients crave insight ?into how investors will vote on hotly contested mergers and proxy fights.
Major Novartis shareholder calls for board shake-up after drug trial setbacks
A major shareholder in Novartis has called for a shake-up of the Swiss drugmaker's board to improve corporate governance after ?its shares suffered a record fall this week following back-to-back trial setbacks.
Aerospace dealmaking gathers pace as jet production ramps up
Mergers and acquisitions are accelerating in the aerospace supply chain ?as clearer Boeing and Airbus production schedules give buyers more confidence in long-term demand, according to industry data and interviews with dealmakers and suppliers.
TPG explores $5 billion sale of healthcare software company Lyric, sources say
Private equity firm TPG is exploring the sale of Lyric, in a ?process that could value the software company which supports payments in the healthcare industry at about $5 billion, people close to the discussions said.
Canada's Enbridge to buy Tallgrass crude oil business for $2.55 billion
Enbridge said on Wednesday it will acquire Blackstone -owned Tallgrass Energy's crude oil business for $2.55 billion in ?cash, expanding its U.S. liquids pipeline network by buying a majority ?stake in the Pony Express Pipeline and other assets.