Cummins Inc (CMI.N), a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people...
Marvell to buy back $1 billion of shares
Marvell Technology Group Ltd (MRVL.O) reported a better-than-expected quarterly profit and said it would buy back $1 billion of shares. Shares of Marvell, which has a market value of $6.88 billion, were up 6.6 percent...
Koch Industries’ investment arm buys more than $2 billion stake in Infor
The investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is spending more than $2 billion to take a significant stake in enterprise software provider Infor, the companies said...
Govt said to plan sale of 26% in BEML to meet deficit goal
New Delhi: India plans to sell a 26% stake in wagon maker BEML Ltd. as well as auction holdings in a clutch of other companies to help meet a record asset-sale target, people familiar with the matter said. The plan...
Sathavahana Ispat in talks to raise Rs500 crore in debt funding
Mumbai: Sathavahana Ispat Ltd is in talks with Piramal Enterprises Ltd’s structured financing group (SFG) and others to raise as much as Rs500 crore in debt funding, two people aware of the development said. “They are...
Stanley’s $1.95 Billion Tool Deal Heralds Return to M&A Hunt
Stanley Black & Decker Inc. returned to deal-making with a bang this week by agreeing to buy Irwin hammers and Lenox saw blades as part of a $1.95 billion transaction. That may only be the start. The deal ended a...
TRIL gains on signing JV agreement with Chinese firm Jingke
Transformers and Rectifiers (India) Ltd (TRIL) has rallied 11% to Rs 364 on the BSE in an early morning trade after the company said it has entered into a joint venture (JV) agreement with Chinese firm Jiangsu Jingke...
Smith and Founders to reduce debt through stake sale
Castings producer Smiths and Founders India (SMFIL) is in the advanced stage of talks for a strategic tie-up with a couple of European automobile ancillary companies for exports of auto ancillaries. Confirming the...
MosChip acquires three companies in semiconductor and IoT space
Hyderabad: MosChip Semiconductor Technology Ltd, a Hyderabad-based semiconductor design service company, on Monday said it has signed final agreements for the acquisition of three companies as part of its growth plans...
Knorr-Bremse says its takeover offer for Haldex is friendly
German automotive supplier, Knorr-Bremse’s offer for Sweden’s brake specialist Haldex is friendly, even if it rivals an existing bid by ZF, Knorr-Bremse Chief Executive Klaus Deller said on Monday...
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...
Renuka Sugars to sell Brazil plant to pare debt
In a partial exit from Brazil, India’s sugar and ethanol manufacturer Shree Renuka Sugars Ltd (SRSL) is all set to hive off larger of the two plants of its Brazilian subsidiary Renuka does Brasil S/A (RdB). The...
