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Walgreens in talks to sell itself to PE firm Sycamore, WSJ reports By Reuters

(Reuters) -Walgreens Boots Alliance is in talks to sell itself to private equity firm Sycamore Partners, the Wall Street Journal reported on Tuesday citing people familiar with the matter. The pharmacy chain and Sycamore have been discussing a deal that could be completed early next year, assuming talks do not fall apart, the report added….

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Lithium supply surplus set to stay with battery makers’ help By Reuters

By Eric Onstad LONDON (Reuters) – Many lithium mines, led by Chinese operators, are maintaining production of the raw material needed for electric vehicle (EV) batteries, in defiance of prices weak enough to trigger mass output cuts – providing a boon for battery makers. The continued production raises the prospect of years of oversupply and…

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Apollo-owned Novolex to take packaging products maker Pactiv private in $6.7 billion deal By Reuters

(Reuters) -Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in a cautious economic environment. Novolex will offer $18 per share to take Pactiv private in an all-cash transaction, including debt, the companies said on…

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Jefferies raises PT on ARR growth view, Venafi acquisition benefits By Investing.com

Investing.com– Jefferies has increased its price target for CyberArk Software (NASDAQ:), citing a favorable 2025 setup for annual recurring revenue (ARR) growth and optimism around the Venafi acquisition. The brokerage raised its target to $400 from $340 for the cybersecurity firm. CyberArk’s 2025 ARR expectations, including Venafi, imply a 20% year-on-year growth, aligning with the…

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Allianz, Amundi stop talks over combining asset management businesses, source says By Reuters

MUNICH (Reuters) – Allianz (ETR:) and Amundi have paused discussions about combining their asset management businesses into a European investment giant that would manage nearly 2.8 trillion euros ($3 trillion) in assets, a source close to Allianz said. Germany’s Allianz has been examining options for its Allianz Global Investors unit, including a possible merger or…

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