China’s Ant Financial has sweetened its bid for MoneyGram International Inc by 36 percent, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles. Ant, the finance affiliate of Alibaba …
Two U.S. senators from Midwestern states will introduce a bill on Tuesday that would require foreign companies buying U.S. food and agriculture firms to undergo a review aimed at ensuring the deal would not hurt U.S. food security. The legislation …
Insurance mergers and acquisitions rarely raise red flags with U.S. national security watchdogs. China’s Fosun International Ltd. took that history to heart last year when it paid $1.84 billion for the remaining 80 percent stake of U.S. property and casualty …
Starr Companies has acquired Wright USA from Ironshore Insurance Services, a subsidiary of China’s Fosun Group. Wright USA is an insurance agency and third-party administrator principally providing Federal Employee Professional Liability (FEPLI) as well as disability, life, dental and other …
Chinese acquirers are continuing their buy-and-flip strategy and this time, it’s Fosun International’s turn. However the question isn’t only whether the fundraising will lower the company’s debt load, but how easy it will be to sell the asset in the …
U.S. authorities are conducting a review of China’s Fosun Group’s acquisition in November 2015 of Bermuda-based insurer Ironshore. The Committee on Foreign Investment in the United States (CFIUS), part of the U.S. Department of the Treasury, regularly conducts company reviews …
China’s Anbang Insurance Group Co. has raised its offer for Starwood Hotels & Resorts Worldwide Inc. to almost $14 billion in its latest challenge to the U.S. hotel operator’s merger with Marriott International Inc. The bidding war for Starwood has …
