Taiwan’s Foxconn is set to agree on Wednesday to acquire Sharp Corp of Japan, gaining a big discount to its original offer after a month of wrangling about potential liabilities that sowed more doubt about whether...
KKR to buy Airbus defence electronics unit for $1.2 billion
Buyout firm KKR & Co agreed to buy Airbus Group SE’s defence electronics business for euro 1.1 billion ($1.2 billion) as the European planemaker reorganises its military and space operations. Airbus said it...
Blackstone nears deal to buy HP’s stake in Mphasis for $940 mn
Blackstone Group LP is nearing a deal to acquire HP Inc’s controlling stake worth about $940 million (about Rs 6,248 crore) in Indian information technology (IT) outsourcing services provider Mphasis Ltd, according to...
Toshiba in talks to sell its white goods business to Midea Group
Japanese industrial conglomerate Toshiba Corp (6502.T) said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd (000333.SZ), Nikkei reported on Monday. The...
Intel Mulls Sale of $1 Billion Venture Capital Portfolio
Intel Corp., one of the world’s largest makers of computer components, is planning to sell part of its venture capital unit, assets that could be worth as much as $1 billion, said people familiar with the matter. The...
United Tech looks for a big deal after rebuffing Honeywell
United Technologies Corp (UTX.N), maker of jet engines, aircraft components and building systems, said it is open to doing a large acquisition despite rejecting a merger proposed by Honeywell International Inc (HON.N)...
Cote’s Elephant Gun Signals Honeywell Appetite for Megadeals
Honeywell International Inc. Chief Executive Officer Dave Cote said three years ago that he gets queasy thinking about acquisitions of more than $1 billion. Now, it’s his investors who may be getting uncomfortable...
Sharp shares plunge after Foxconn puts takeover deal on hold
Shares in Sharp Corp (6753.T) plummeted on Friday after Taiwan’s Foxconn put its takeover of the ailing Japanese electronics maker on hold, with sources saying previously undisclosed liabilities were responsible...
Honeywell: Buyer, Seller or Both?
What’s Honeywell up to now? No sooner had investors gotten used to the idea that the industrial giant’s appetite for acquisitions had grown — and by a lot — than news arrived that the company has...
Airbus CEO against Honeywell’s merger with United Technologies
Airbus Group SE (AIR.PA) Chief Executive Tom Enders said in statement on Wednesday that he did not see how a combination of Honeywell International Inc (HON.N) and United Technologies Inc (UTC) (UTX.N) would be in his...
Japan’s Sharp decides to accept Foxconn takeover offer
Japan’s Sharp Corp (6753.T) on Thursday agreed to a takeover by Taiwan’s Foxconn, a source familiar with the matter said, in what would be the largest acquisition by a foreign company in Japan’s...
Honeywell, United Technologies held merger talks
Honeywell International Inc and United Technologies Corp have held talks about a merger, CNBC reported, citing people familiar with the situation. A deal would create a company with combined sales of more than $90...
