Innio Group is targeting a valuation of up to $20.3 billion for its upcoming U.S. IPO. The company plans to offer 75 million shares priced between $24 and $27 each. It is backed by Advent International and the Abu Dhabi Investment Authority and was formerly a carve-out from General Electric.
Devon Energy has reportedly received an unsolicited $8 billion offer from Stone Ridge Asset Management for its position in the Marcellus shale basin.
Read the full storyInternational Flavors & Fragrances reached an agreement to divest its Food Ingredients business to CVC Capital Partners in a $4.3 billion deal.
The ADIA-backed firm plans to offer 75 million shares at up to $27 each, leveraging surging demand from AI data centers.