The National Company Law Tribunal (NCLT) has ordered the inclusion of Videocon’s oil businesses in Brazil and Indonesia as part of insolvency proceedings being conducted in India, according to two people aware of the...
HP takeover drama continues as Xerox sweetens offer to about $36 billion
Xerox said Monday it was raising its offer for computer and printer maker HP to some $36 billion as part of an effort to win over shareholders amid a heightened battle for control of the Silicon Valley firm. The new...
Apollo Micro Systems to acquire majority stake in ASIP RF
Through the proposed acquisition, the company aims to expand the business towards new technologies by establishing a radio frequency (RF) and microwave design-cum-production facility along with the integration facility...
Apple supplier Japan Display gets $920 million bailout from Ichigo
Japan Display Inc said on Friday it had sealed a deal to receive up to 100.8 billion yen ($918.87 million) from Ichigo Asset Management, a critical bailout for the Apple supplier that has been dependant on publicly...
Siemens to acquire New Delhi-based C&S Electric for around ₹2,100 crore
Attracted by India’s electrification drive, Siemens AG will acquire New Delhi-based C&S Electric Limited for around Rs.2,100 crore (euro 267 million). The announcement to acquire 99% stake in C&S Electric comes...
Xerox seeks control of HP Board
Xerox Holdings Corp. is preparing to seek control of HP Inc.’s board after the personal-computer maker rejected efforts to negotiate an acquisition, according to people familiar with the matter. The iconic printer maker...
Fujitsu General ends JV structure in India for direct operation, enter new AC segments
Japan-based Fujitsu General, a leading manufacturer of air conditioners and other technology products, prepares for a new growth trajectory in its Indian air-conditioner business with joint venture realignment and entry...
BAE Systems spends $2.2 bln on U.S. electronic systems units
British defence company BAE Systems said it was buying two businesses for $2.2 billion to help grow in Electronic Systems, picking up units which had become available as a result of the merger of U.S. rivals Raytheon...
Toshiba succeeds in bid for chip equipment unit, beating Hoya
Toshiba Corp said on Friday it succeeded with its takeover bid for chip equipment unit NuFlare Technology Inc, staving off a higher counter offer by Hoya Corp. Toshiba, which initially held 52.4% of NuFlare, acquired a...
Japan activist investor Murakami eyes takeover of former Toshiba unit
Japan’s Toshiba Machine Co said on Friday a fund backed by veteran activist investor Yoshiaki Murakami planned a takeover bid for the former Toshiba Corp subsidiary. Office Support Co, backed by Japan’s most prominent...
Apple’s iPhone manufacturer gets into electric cars via Fiat venture
Hon Hai Precision Industry Co., the main assembler of Apple Inc.’s iPhones, will establish a joint venture with Fiat Chrysler Automobiles NV to develop and make electric vehicles in China. Hon Hai and its subsidiaries...
Japan Display in talks to sell key smartphone screen plant to Apple, Sharp – Nikkei
Cash-strapped Japan Display Inc is discussing the sale of its main smartphone screen factory to Apple Inc and Sharp Corp for as much as $820 million, the Nikkei business daily reported on Friday. Sharp, a unit of...
