Mergers and Acquisitions

After failed takeover, Air Transat seeks help as debt crunch looms

Struggling tour operator Air Transat is in talks with the federal government on aid but may not reach a deal by an April debt deadline, a source close to the situation said, putting pressure on Quebec to ride to the rescue of another troubled aerospace brand in the province.

Microsoft, Discord talk $10B deal

Microsoft Corp. is in advanced talks to acquire messaging platform Discord Inc. for $10 billion or more, according to people familiar with the matter, as the software giant seeks to deepen its consumer offerings.

The Hartford rejects Chubb's $23B buyout bid

After consultation with the insurance company's financial and legal advisors, The Hartford said in a statement that its board of directors determined that entering into discussions regarding a strategic transaction would "not be in the best interests of the company and its shareholders."

WeWork discloses $3.2B loss in 2020 as it seeks SPAC deal

WeWork lost $3.2 billion last year, according to documents shown to prospective investors by the office-sharing startup as apart of a pitch for $1 billion in investment and a stock market listing, the Financial Times reported on Monday.

Railroads strike $25B merger

Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a transaction valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.

Jet leasing shake-up looms as AerCap and GE unit discuss merger

Aircraft leasing is poised for its biggest shake-up in almost a decade as its top two players, AerCap Holdings and General Electric Co’s GECAS, discuss a deal to forge an industry titan with more than 2,000 jets, people familiar with the matter said on Monday.