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eBay’s classifieds auction sustains strategic interest amid Covid-19 uncertainty – sources

eBay’s classifieds division is still attracting interest from parties including Adevinta , the Norwegian digital classified business spun off from Schibsted, and German classifieds and media group,… Read More

Li & Fung: Eyes on Silchester as proxy advisors ISS and Glass Lewis back deal

Proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis are both recommending shareholders to vote in favor of the HKD 1.25 per share take-private offer… Read More

WEX mulls options for pending eNett purchase

  WEX’s [NYSE: WEX] board of directors met this week to examine various options for its pending USD 1.7bn acquisition of two connected travel payments… Read More

Hiscox could seek equity placing to allay woes – bankers

Hiscox could explore a non-preemptive equity raise to brave potential business turbulence related to COVID-19, according to three sector bankers.   The specialist non-life insurer… Read More

Top Asian airlines scramble to recapitalize as COVID-19 erodes cash piles

Flights have been grounded, malls, museums and restaurants closed since February in many parts of the world as the coronavirus (COVID-19) outbreak rampages, leaving many… Read More

Japan’s Showa Denko plans asset sales after USD 8.7bn Hitachi Chemical acquisition – sources

Showa Denko [TYO:4004], the Tokyo-based chemical manufacturer, is preparing a slew of non-core business divestitures upon the successful completion of its JPY 964bn (USD 8.7bn) acquisition of Hitachi… Read More

GrandVision/EssilorLuxottica: re-evaluation of assets possible due to COVID-19 – sources

EssilorLuxottica could re-evaluate GrandVision’s assets given the impact of the coronavirus outbreak on the business, sources familiar with the situation told this news service.   The deal terms… Read More

Walmart mandates Rothschild for Asda sale process

Walmart is working with Rothschild in a renewed attempt to sell UK grocer Asda, two people familiar with the situation told this news service.  … Read More

LIXIL selling majority stake in LIXIL VIVA; SMBC Nikko advising – sources

LIXIL [TYO:5938], the Tokyo, Japan-headquartered building materials and home equipment manufacturer, is conducting a sale process for its 53.22% stake in Saitama-based home improvement center… Read More

ZoomInfo lines up banks for potentially USD 8bn listing, sources say

ZoomInfo has tapped Morgan Stanley and JPMorgan to serve as underwriters on an initial public offering that could see the fast-growing B2B information provider valued at as much as USD… Read More