Scott Deveau

Li Ka-shing’s Husky Energy ends hostile MEG bid after lack of investor support

Despite winning enough support to extend the deadline for its tender offer by 10 days, Husky decided not to go ahead with the bid.


Brookfield in early talks to invest in Dubai property developer Meraas

The Canadian firm is said to be weighing options that would give it control of some retail properties from Meraas, including entering into a joint venture for those developments.


HNA’s container leasing unit said to attract Japan’s Orix, Ontario Teachers

The Chinese group has agreed to sell more than $22 billion of assets this year, including stakes in Hilton Worldwide and Deutsche Bank, as it seeks to pare its massive debt load.


MEG rejects $2.3b takeover bid by Li Ka-shing’s Husky Energy

MEG Energy plans to start a strategic review with an eye to finding another buyer.


China Biologic draws investor flak over rejected takeover bid

York Capital Management said in a letter to China Biologic’s board that several other holders, including Comgest Global Investors and Kite Lake Capital, share its concerns about the company rejecting the $118-per-share proposal.


Fairfax Financial to invest additional $500m in Hong Kong’s Seaspan

The company plans to use the capital to acquire containership companies as well as the surrounding infrastructure in the sector.


Xerox ends $6.1b Fujifilm deal in triumph for activist investor Icahn

The settlement marks the end of a tumultuous fight between Xerox and Icahn over a transaction that would cede control of the once-iconic American innovator synonymous with office copy machines to a Japanese company.


New York-based GIP said to mull raising its largest infra fund to date

Global Infrastructure Partners, an owner of London’s Gatwick Airport, has started talking to investors about a potential infrastructure fund that could eclipse the record $15.8 billion pool it finished raising last January.


HNA in talks with bidders for London properties, Brookfield among interested parties

HNA plans to sell about 100 billion yuan ($16 billion) of assets in the first half of this year as it attempts to stave off a liquidity crunch.


Aristeia Capital says Weibo backer Sina could fetch 67% premium in share sale

Sina fired back at the activist’s campaign, saying that Aristeia’s proposals might destroy shareholder value.