U.S. automotive and audio giant Harman International said Tuesday that it will buy the in-car technologies business of ZF Group AG of Germany in a deal worth €1.5 billion ($1.8 billion) to improve its vehicle intelligence products.
British investment company Edinburgh Worldwide urged its shareholders on Tuesday to vote against a renewed takeover effort by U.S. hedge fund Saba Capital Management, saying the activist investor's proposals threaten the trust's strategy and its stakeholders' long-term interests.
Metlen Energy & Metals said Tuesday that it has sold the majority of its energy business in Chile to power company Glenfarne for $865 million in a deal guided by Milbank LLP, Larrain y Asociados Ltda., Paul Hastings LLP, White & Case LLP and Claro & Cia.
Ørsted AS said Tuesday that it has sold a 55% stake in its Taiwanese wind project to life insurer Cathay for 5 billion Danish kroner ($788 million) as the Danish renewables company looks to shore up the business after setbacks in the U.S.
Finland's Terveystalo said Tuesday that it will buy domestic dental group Hohde Oy for €88 million ($104 million) to improve its range of oral health services.
Oakley Capital Investments Ltd., or OCI, said Tuesday that it has agreed to invest up to £13 million ($17.5 million) in yacht racing team Athena Racing.
A Turkish travel-booking company has hit travel software giant Sabre International with a claim in a London court, accusing Sabre of refusing to honor a promise to buy its shares in a joint venture for over $14.5 million.
A property developer and a Dubai bank have hit back at a claim from a real estate business that alleges they undermined a £260 million ($351.2 million) refinancing deal, saying that there was no chance of the transaction going ahead.
Sullivan & Cromwell LLP said Tuesday that it has hired two new partners from Kirkland & Ellis LLP in London, boosting the firm's private equity and tax capabilities as it continues to expand in the City.
