Global private equity firm Advent International has ended advanced talks to buy a major stake in Whirlpool of India, after negotiations with Whirlpool Corp broke down over price, according to people familiar with the matter. The deal under discussion was valued at about $1 billion and would have given Advent control of the Indian home-appliance maker. Sources said Advent pushed…
Italy’s cabinet on October 17, 2025 approved a draft budget law for 2026 that includes €18.7 billion in combined tax cuts and increased public spending, according to Prime Minister Giorgia Meloni. (The government intends to submit the proposal to parliament for final approval before year’s end. Meloni affirmed that no cuts will be made to welfare programs, and that authorities…
Regulatory Filings And Transaction Setup Chinese autonomous driving enterprise WeRide is advancing plans for a dual primary listing in Hong Kong, according to multiple sources. The company has retained Morgan Stanley and China International Capital Corp (CICC) as lead advisors and coordinators for the offering. In a recent filing to the U.S. Securities and Exchange Commission, WeRide noted that China’s…
JPMorgan Chase has revealed a decade-long $1.5 trillion program designed to finance, facilitate, and invest in U.S. industries considered essential to national security and economic resilience. As part of this Security and Resiliency Initiative, the bank intends to commit up to $10 billion of its own capital via equity and venture capital to high-growth firms in key areas. To support…
Citigroup has officially rejected an unsolicited offer of approximately $9.3 billion from Grupo México to acquire its Mexican retail banking unit, Banamex. In its formal statement, Citi reiterated a previously arranged plan: to sell a 25% equity stake in Banamex to local businessman Fernando Chico Pardo, followed by a public offering of the remainder. Citi states this is the optimal…
Fifth Third Bancorp has announced its intent to acquire Comerica in an all-stock transaction valued at $10.9 billion, offering 1.8663 shares of Fifth Third for each Comerica share. This exchange ratio corresponds to $82.88 per share, reflecting a premium of roughly 17-20% over Comerica’s recent trading levels. Strategic Vision and Transaction Specifications Upon closing, existing Fifth Third shareholders are expected…
Brazil’s Chamber of Deputies has approved legislation to raise the income tax exemption limit for individuals earning the lowest wages. The newly passed measure increases the threshold from R$2,640 to R$3,000 per month. This adjustment is intended to reduce the tax burden on lower-income workers, affecting roughly 5.2 million people who had previously paid income tax under the old threshold.…
