Sajjan Jindal’s JSW Group has emerged as the highest bidder for Binani CementBSE 0.06 %, exceeding submissions from billionaire Rakesh Jhunjhunwala and UltraTechBSE -1.14 %, said three people familiar with the...
CCI sees Bayer-Monsanto deal impacting competition, starts public scrutiny
The Competition Commission of India (CCI) has launched a public scrutiny of the finer details of the proposed $66 billion Bayer-Monsanto deal, as it feels that prima facie the deal has, or likely to have an major...
M&A strategy: Things to keep in mind
A second panel saw panellists throw light on how they are developing a rigorous M&A (mergers and acquisitions) strategy while also touching upon finer details like how different a beast digital M&A is compared...
Bombardier, Siemens rail merger de-railed by control issues-sources
Canada’s Bombardier Inc (BBDb.TO) missed out on a merger of its rail unit with Germany’s Siemens (SIEGn.DE) because of a reluctance by Siemens to cede control of its business, allowing France’s Alstom (ALSO.PA) to...
Alstom, Siemens to merge rail businesses to counter China’s CRRC
German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC Corp Ltd...
Alstom, Siemens in talks to merge rail ops
French train maker Alstom and German engineering group Siemens said on Friday they were in talks about a tie-up of their rail activities as European companies struggle to cope with competition from China. A deal between...
Siemens in talks with Alstom and Bombardier for rail deal
Siemens AG is negotiating with Alstom SA as well as Bombardier Inc. about potential rail combinations, giving the German engineering company two options to pursue consolidation in the industry, according to people...
Jaypee, UltraTech Cement looking to seal Rs16,189 crore deal by July
The Aditya Birla group’s Ultratech Cement Ltd’s Rs16,189 crore acquisition of the cement business of Jaiprakash Associates Ltd is expected to be completed soon, a top group executive said in an interview. “The...
Why India Inc is on an M&A spree, preferring inorganic growth to investing in fresh projects and capacities
VS Parthasarathy, group chief financial officer of auto and farm equipment maker Mahindra & Mahindra (M&M), recalls a conversation with a supplier a few years back that was one of the inspirations behind MSquare...
Ambuja Cement gains nearly 6% on reports of merger with ACC
Ambuja Cements gained as much as 5.8% to Rs 242.65 during intra-day on reports of LafargeHolcim mulling merger of ACC and Ambuja Cements. ACC also rose over 5% to Rs 1,500 on the reports despite its consolidated net...
Dalmia Group goes for major overhaul
DALMIA Group is on a massive business restructuring exercise. The group companies proposed three schemes one after the another which involved merger, reverse merger slump sale and slump exchange and reduction and...
Deals in 2017: Time to deploy the dry powder
2017 will have to raise the bar in terms of deal-making. 2016 was about headline-grabbing numbers breaking record highs. Both M&A volumes and dry-powder reserves beat the previous years and it would be safe to...