Thai state-owned energy company PTT Public Co. Ltd. said Tuesday it's completely divesting its coal business to Indonesian energy infrastructure investor PT Astrindo Nusantara Infrastruktur Tbk. for $471 million as part of its strategy of shifting toward sustainability and clean energy.
While the number of mergers and acquisitions for private companies increased during the first six months of the year compared with the same period in 2021, the total value of the deals decreased as concerns over inflation, higher interest rates and a possible recession loomed over the economy.
Australian supply-chain integrity technology business Security Matters Ltd. said Tuesday it is to be listed on the Nasdaq through a merger with blank-check company Lionheart III Corp. in a deal valuing the combined entity at $360 million, which was guided by four law firms.
A tentative $26.9 million settlement has been reached in a two-year-old Delaware Chancery Court derivative suit accusing the former controlling investors and certain directors of global cannabis company Tilray Inc. of lining up a merger that unfairly favored the company's private equity founders, according to a letter Monday.
Renewable energy business Clean Energy Technologies Inc. is planning to uplist on the Nasdaq in an offering that's estimated to raise up to $35 million and is guided by The Newman Law Firm and underwriters' counsel Bevilacqua PLLC.