Deal Shipping: Britney Spears Sells, Humana Eyes MaxHealth, Mercedes Spins Off Stock – Humana (NYSE:HUM)

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• Mercedes-Benz Group AG is planning to sell part of his 35% stake in Daimler Truck Holding AG to raise money, valuing the stake at around €12 billion ($14.2 billion). Proceeds will be returned to shareholders and details of the sale will be provided in May. Despite the cash flow, Mercedes-Benz is preparing for a difficult year. Margins are likely to remain flat due to trade tensions and intense competition in China.

• Baker Hughes Co. considering to sell its Waygate Technologies unit, which provides industrial testing and inspection equipment. The sale could be worth around $1.5 billion and is expected to attract interest from private equity firms. The company is working with advisors on the potential divestiture, although deliberations are still ongoing and there is no certainty the deal will happen. Waygate Technologies, based in Hürth, Germany, specializes in radiographic test systems, CT scanners and other inspection equipment. It was founded in 2004 as GE Inspection Technologies and has been part of Baker Hughes since 2017.

• ByteDans is in advanced talks to sell Shanghai Moonton Technologycreator of “Mobile Legends: Bang Bang.” Saudi Arabia Smart games group is the likely buyer. Reuters reports that the deal worth between $6 billion and $7 billion could be completed as early as this quarter, with the companies agreeing terms and conditions.

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