Due diligence of stressed assets under the Insolvency and Bankruptcy Code, 2016 (IBC) remains a big challenge, said Koushik Chatterjee, chief financial officer and executive director at Tata Steel, speaking at the...
Vivendi: UMG sale due diligence proceeding in line with its timetable
French media conglomerate Vivendi said its plans for a possible sale of a stake in its Universal Music Group (UMG) arm were proceeding in line with the company’s planned timeline. Vivendi issued the update after the...
Ebix begins due diligence on Yatra, hopes to close acquisition by May
Nasdaq-listed Ebix Inc., a supplier of on-demand software and e-commerce services, said Tuesday it has made progress in its offer to acquire online travel portal Yatra Online Inc. and has commenced its due diligence...
Australia’s API set to start due diligence on Sigma Healthcare
Australian Pharmaceutical Industries Ltd (API) (API.AX) said on Wednesday it was expected to start due diligence on its A$727 million ($518.6 million) offer for pharmacy operator Sigma Healthcare Ltd (SIG.AX) soon. API...
Tata begins due diligence to buy Jet Airways from Naresh Goyal
Tata Group is conducting due diligence of Jet Airways (India) Ltd as the nation’s largest conglomerate explores the purchase of a controlling stake in the cash-strapped airline, two people directly aware of the...
KKR nudges up bid for Australia’s MYOB, granted due diligence
Australia’s MYOB Group said it will grant due diligence to KKR & Co after the U.S. buyout giant sweetened its offer to take full control of the accounting software provider firm to A$1.8 billion ($1.3 billion). KKR...
Three companies begin due diligence on GlaxoSmithKline’s India nutrition business
Consumer goods maker Unilever, Nestle and Coca-Cola have begun due diligence on GlaxoSmithKlineNSE -0.73 % Consumer’s Indian nutrition business, which includes malt beverage drinks Horlicks and Boost, and is estimated...
Hometown America drops due diligence condition for Gateway Lifestyle offer
Hometown America adjusted its takeover bid for Australian retirement village owner Gateway Lifestyle Group (GTY.AX) on Monday, offering to drop due diligence if the target agreed to its A$695 million ($514 million) cash...
KKR backed Radiant says will not revise its bid before due diligence
Private equity firm KKR backed Radiant Hospital, one of the bidders for FortisNSE 4.66 % Hospital, on Tuesday, said it won’t be revising its bid before completing the due diligence. Tuesday was the deadline for...
Walmart in talks to buy 40% in Flipkart; due diligence to start next week
Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com in Asia’s third-largest economy, two sources familiar with the matter said on...
ArcelorMittal team visits Bhushan, Essar plants for due diligence
A team led by Aditya Mittal, group chief financial officer and chief executive officer, ArcelorMittal Europe, is conducting due diligence of Essar and Bhushan Steel plants, upping the tempo of the court-led insolvency...
Australia’s Vocus allows KKR to conduct due diligence for $1.7 billion bid
Embattled Australian internet company Vocus Group Ltd said it will open its books for KKR & Co LP to conduct due diligence, a sign it may accept a $1.66 billion buyout approach dismissed by investors weeks earlier...