PRESS DIGEST - Wall Street Journal - April 25

Reuters04-25

April 25 (Reuters) - Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Mining giant BHP Group offered to buy Anglo American , a longtime rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry.

- Hipgnosis Songs Fund has agreed to an improved $1.51 billion takeover by Apollo-backed music company Concord Chorus, trumping a rival offer from Blackstone .

- Cybersecurity company Rubrik plans to raise $752 million through a U.S. listing, the latest company to tap an initial public offering market that is heating up.

- The U.S. Justice Department is conducting a criminal investigation into consulting firm McKinsey related to its past role in advising some of the nation's largest opioid manufacturers on how to boost sales.

- Blackstone said it is buying restaurant franchiser Tropical Smoothie Cafe for nearly $2 billion, including debt.

- International Business Machines agreed to buy cloud-software company HashiCorp in a deal with an enterprise value of $6.4 billion.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment