NEW YORK: Payments company Stripe and private equity firm Advent International have submitted a joint bid to acquire PayPal Holdings Inc. for $60.50 per share, a deal that would value the digital payments pioneer at more than $53 billion, according to two people familiar with the matter. The offer, made earlier this month, is backed…
LONDON: Reckitt Benckiser Group plc announced Friday it will divest its Essential Home business to Advent International in a deal valued at up to $4.8 billion, marking a key milestone in Reckitt’s strategic shift toward a leaner, consumer health-focused portfolio. As part of the transaction, Reckitt will retain a 30% equity stake in Essential Home,…
LONDON: Spectris plc, a leading precision measurement company, has agreed to a recommended cash acquisition by MI Metron UK Bidco Ltd, an indirect subsidiary of funds managed by Advent International, the firms announced Monday. The deal, valued at approximately £3.8 billion ($4.8 billion), will see Spectris shareholders receive £37.63 per share, comprising £37.35 in cash…