The investment firms that took U.S. power plant operator Calpine Corp private six years ago are exploring options that include a company sale, an initial public offering or a stake divestment at a valuation of about $30...
UK grants conditional security clearance for Vodafone-Three merger
The British government on Thursday made a final order to conditionally approve the proposed merger between Vodafone’s UK operation and Hutchison’s Three UK, following a detailed national security assessment...
T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports
T-Mobile and Verizon Communications are in talks to buy parts of United States Cellular in separate transactions, the Wall Street Journal reported on Thursday. Shares of the regional wireless carrier jumped about 8.6%...
Sony Group, others eyeing buyout of Infocom, Bloomberg News reports
Sony Group and other parties are considering buying online comic store operator Infocom Corp in a deal worth up to 200 billion yen ($1.28 billion), Bloomberg News reported on Thursday. Infocom parent Teijin Ltd is...
Fincantieri buys Leonardo’s submarine business in 415 mln euro deal
Italian shipbuilder Fincantieri said on Thursday it had bought Leonardo’s Underwater Armament Systems (UAS), in a deal giving the submarine business line an enterprise value of 415 million euros ($447.20 million)...
Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
Mining giant Rio Tinto had considered an offer for British miner Anglo American, which is now BHP Group’s $39 billion takeover target, the Australian Financial Review reported on Friday. Rio “management had...
Spain’s BBVA turns hostile with $13 billion bid for Sabadell
Spanish bank BBVA launched a hostile 12.23 billion euro ($13.1 billion) all-share takeover bid for Sabadell on Thursday, in a surprise move that triggered immediate opposition from the government. Taking the offer...
Reliance acquires step-down subsidiary for Rs 314 cr
Reliance Industries Ltd on Wednesday said it has acquired a step-down subsidiary engaged in the manufacture of petrochemicals and hydrogen, for Rs 314.48 crore. In a stock exchange filing, the firm said Reliance...
Salasar Techno Engineering completes acquisition of EMC for Rs 178 crore
Salasar Techno Engineering Ltd (STEL) on Wednesday said it has paid Rs 168 crore as balance payment to complete the acquisition of EMC Ltd through an insolvency process. The total acquisition cost of the engineering...
Birla unit acquires ARMC IVF Fertility Centre to foray into South Indian market
Birla Fertility & IVF, a part of C K Birla Group, on Wednesday said it has forayed into the South Indian market with the acquisition of ARMC IVF Fertility Centre for an undisclosed amount. Currently, Birla Fertility...
Samsung Medison buys AI software firm Sonio SAS for $92 million
South Korea’s Samsung Medison said on Wednesday it is acquiring all of France’s Sonio SAS, a fetal ultrasound artificial intelligence software company for about 126 billion won ($92.4 million). Samsung...
Board of Mercury EV-Tech approves acquisition of majority stake in Traclaxx Tractors
The Board of Directors of Mercury EV-Tech at its held on 08 May 2024 approved the acquisition of 65% stake in Traclaxx Tractors, equivalent to 5,23,900 equity shares of Rs. 10 each at a price of Rs. 10 each, total...