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Business 23 Feb 2021 | 7:00 AM

M&T Bank to acquire People’s United in a US$7bil deal

NEW YORK: M&T Bank Corp is set to acquire People’s United Financial Inc in an all-stock deal valued at more than US$7bil, according to a person familiar with the matter.

Business 23 Feb 2021 | 7:00 AM

Elliott to take stake in insurer Principal Financial

NEW YORK: Elliott Management Corp has built a position in Principal Financial Group Inc and plans to push for changes at the life insurance company, according to people familiar with the matter.

Business 25 Feb 2021 | 7:00 AM

IonQ in talks to go public via merger with DMY SPAC

NEW YORK: IonQ is in advanced talks to merge with DMY Technology Group Inc III, according to people with knowledge of the matter, creating one of the first public quantum-computing companies.