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Air India to fund $70bn plane order with cash, equity amid overseas push.
Japan Post plans to sell $9.5bn worth of shares in the banking arm.
Stripe said to be in advanced talks to raise $4bn at a markdown valuation of $55bn. (FS)
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US chipmaker 博通 is set to receive an EU antitrust warning about the possible anti-competitive effects of its proposed $61bn bid for cloud computing company VMware ,?Reuters?reported.
The European Commission opened an investigation in December, saying the deal would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware's software.
VMware is advised by 高盛 (led by? Sam Britton ?and? Stephan Feldgoise ), J.P. 摩根 (led by? Madhu Namburi ), Gibson Dunn (led by? Barbara Becker and? Andrew Kaplan ) and FGS Global (led by? Paul Kranhold ?and? Peter Siwinski ). Financial advisors are advised by Debevoise & Plimpton (led by? Michael Diz ) and Sullivan & Cromwell LLP (led by? Alison Ressler ?and? John Savva ). Broadcom is advised by 美国银行 (led by? Kevin Brunner ?and? Ron Eliasek ), Barclays (led by? Laurence Braham ,? Richard Hardegree ?and?Gary Posternack), 花旗 (led by Tyler Dickson ?and? Dan Mallegni ), 瑞信 (led by? David Wah ), 摩根士丹利 (led by? Anthony Armstrong ), 富国银行 , Cleary Gottlieb Steen & Hamilton LLP , 美迈斯 (led by? Adit Khorana ), Wachtell, Lipton, Rosen & Katz (led by? David Karp ,? Ron Chen ?and? Viktor Sapezhnikov ), 博然思维集团 (led by Simon Sporborg ) and Joele Frank (led by? Joele Frank ,? Tim Ragones ?and? Arielle Rothstein ). Financial advisors are advised by Cooley LLP (led by? Ben Beerle ).?Silver Lake Partners is advised by Simpson Thacher & Bartlett LLP (led by? Atif Azher ).
LKQ Corporation , an American provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, agreed to acquire Uni-Select Inc. , a distributor of automotive refinish and industrial paint and related products in North America, for $2.1bn.
"The transaction offers compelling value and liquidity to our shareholders and is the culmination of the efforts by our dedicated team to improve our operations and drive efficiencies with a focus on excellent customer service. We see great opportunities to benefit our customers, employees, suppliers and brands by combining our complementary strengths within the larger, multi-disciplinary and growing LKQ team," Brian McManus, Uni-Select Executive Chair and CEO.
Uni-Select is advised by RBC Capital Markets , TD Securities , Fasken , Latham & Watkins , 年利达 , Stikeman Elliott LLP and NATIONAL Public Relations . LKQ is advised by 美国银行 , 富国银行 , Davies Ward Phillips & Vineberg LLP , Slaughter and May and Wachtell, Lipton, Rosen & Katz (led by? Mark Gordon ?and? Mark Stagliano ). Debt financing is provided by 美国银行 and 富国银行 .
Air India to fund $70bn plane order with cash, equity amid overseas push.
Air India Limited said it plans to fund its $70bn order for a record 470 aircraft with internal cash, equity and through sale-and-leasebacks, as the airline seeks to rapidly expand its presence in international markets,?Reuters?reported.
Tata Group -owned Air India said it would buy 220 planes from Boeing and 250 from Airbus in a deal that has eclipsed previous records for an order made by a single carrier.
Japan Post plans to sell $9.5bn worth of shares in the banking arm.?
日本郵便株式会社 plans to sell $9.5bn of shares in its banking unit, the latest step in the postal group's privatization,?Bloomberg?reported.
The former state-run mail and financial services giant is seeking to sell about 975m shares in Japan Post Bank. The offer to domestic and international investors is at an indicative discount range of 2% to 4%.?
Stripe said to be in advanced talks to raise $4bn at a markdown valuation of $55bn. (FS)
Digital payments processor Stripe is close to raising $4bn in fresh capital at a valuation of about $55bn,?DealStreetAsia?reported.
The latest capital raise from investors including Thrive Capital could be the largest private funding round in recent memory, marking a steep decline in the valuation of the fintech startup, which was valued at $95bn in early 2021.
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