Investors weren’t impressed with the Rs1,600 crore deal between Havells India Ltd and Lloyd Electric and Engineering Ltd. Shares of both companies fell on Monday—Lloyd’s shares dropped as much as 17.1% and Havells’s...
Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr
HavellsBSE -1.15 % India, India’s leading makers of branded electrical products, has acquired the consumer durable business (CDB) of the Lloyd ElectricBSE -12.76 % and Engineering for an enterprise value of Rs...
GE to sell entire stake in South Korea’s Hyundai Card
General Electric (GE.N) said on Wednesday it has agreed to sell its 43 percent stake in South Korean credit card firm Hyundai Card Co Ltd as the U.S. industrial giant continues to trim its exposure to the financial...
GE to sell $3 billion industrial solutions business
General Electric Co (GE.N) said on Wednesday it would sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses. The industrial conglomerate...
Consumer electrical major V-Guard looking out for acquisition
Consumer electrical and electronics player V-Guard has assigned an agency to identify and evaluate potential companies for acquisition, as part of expanding its network and kitchen appliances business, which the company...
Eletrobras shareholders assembly approves sale of Celg-D
Brazil’s state-controlled power holding company Eletrobras (ELET5.SA) said on Monday that a shareholders assembly approved the sale of a controlling stake in power distribution company Celg-D. Eletrobras, or...
International suitors line up for stake buy in Llyod Electric’s consumer durable arm
NEW DELHI: Delhi-based heating,ventilation, and air conditioning systems maker Lloyd ElectricBSE -1.60 % & Engineering has initiated the process of carving out its fast-growing consumer durable segment and inducting...
BRIEF-Actions Semiconductor enters into definitive merger agreement for going private transaction
Actions Semiconductor Co Ltd : * Actions Semiconductor enters into definitive merger agreement for going private transaction * Each of co’s ordinary shares will be cancelled in exchange for right to receive US$0...
Midea Group’s acquisition proposal gets U.S. approval
Midea Group * Says its acquisition proposal gets U.S. authorities’ approval, deal pending approvals from EU, Russia, Brazil, Mexico Source text in Chinese: bit.ly/2bOi79E Further company coverage: (Reporting by...
Black Lion says enters LOI for acquisition of Thomson Power
Black Lion Capital Corp * In connection with transaction, company will change its name to “thomson power inc” * Black lion will acquire all of issued and outstanding shares of thomson ( “thomson...
Eletrobras unit sells Nicaragua utility stake for $44.2 mln
A unit of Brazil’s state-led utility holding company Centrais Eletricas Brasileiras SA sold its stake in a Nicaraguan hydroelectric project for $44.2 million, Eletrobras, as the parent company is known, said in a...
NextEra’s $2.6 Billion Hawaii Deal in Doubt as Regulator Says No
Hawaiian regulators rejected NextEra Energy Inc.’s $2.63 billion bid to purchase Hawaiian Electric Industries Inc., dealing a possibly fatal blow to the deal that had faced opposition from the governor. The Hawaii...
