Drugmakers eye Bristol-Myers Several of the world’s top drugmakers may weigh acquiring Bristol-Myers Squibb after it fired its chief executive, although suitors seem unlikely to bid before next year, analysts said...
Satyam offer: Tech Mahindra gets US nod
Telecom solutions company Tech Mahindra said on Thursday that it has received approval from the US anti-trust authority regarding its Rs 1,154-crore open offer for the purchase of an additional 20 per cent stake in...
Lanxess acquires Gwalior Chemical for Rs 536cr
European specialty chemical major Lanxess has acquired the chemical and wind power assets of Mumbai based specialty chemical manufacturer Gwalior Chemical Industries for an aggregate value of 82.4 million euros (Rs 536...
Newspapers Gobble Each Other Up to Survive Digital Apocalypse
Newspapers have settled on a strategy to stop withering away: feast on each other for survival. For the owners of big-city dailies like the Chicago Tribune and Denver Post, buying smaller publications and slashing costs...
Marriott wins back Sheraton-owner Starwood with new offer
Starwood Hotels and Resorts Worldwide Inc, owner of the Sheraton and Westin brands, accepted a sweetened $13.6 billion acquisition offer from peer Marriott International Inc, spurning China’s Anbang Insurance...
Sherwin-Williams paint company to buy Valspar for $9.3 billion
The Sherwin-Williams Co (SHW.N) has agreed to acquire rival U.S. paint company Valspar Corp (VAL.N), the companies said on Sunday, in an all-cash deal valued at about $9.3 billion. Sherwin-Williams will pay $113 a...
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...
Drinks can makers Ball, Rexam launch $3 billion asset sale ahead of merger
Drinks can makers Ball Corp (BLL.N) and Rexam Plc (REX.L) have begun the process of selling assets, potentially worth more than $3 billion, to meet antitrust regulations ahead of their planned merger, several people...
Ziggo and Vodafone JV to lead to 2bn of new debt
The merger of Liberty Global’s Ziggo and Vodafone’s Dutch operations should result in billions of euros of new high-yield bonds or leveraged loans, according to market participants. Liberty Global and...
Bidding war for Australia’s Asciano heats up as Qube trumps Brookfield
The bidding war for Australian freight giant Asciano Ltd heated up on Monday as local rival Qube Holdings Ltd upped its proposal to A$9 billion ($6.4 billion), trumping Canada’s Brookfield Asset Management Inc...
Haier’s GE unit buy highlights growing China M&A maturity
In the lead up to General Electric Co’s appliance unit auction, Haier Group did something Chinese bidders have rarely dared to do in a competitive global M&A deal. While informal discussions centered around a...