U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma mergers, raising concerns about the potential harm to customers...
Tech, HR integration remain key challenges for PSU bank mergers
Integration of technology platforms will remain the key challenge for the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank of India, senior executives at these banks said, even as the government...
Mergers lack logic, will further destabilize economy: Bank employee unions
Bank unions on Friday opposed the mega merger of 10 state-run banks into four saying the move is bereft of logic and lacks any rationale. While announcing the merger, finance minister Nirmala Sitharaman said plans is to...
Pending mergers and acquisitions involving U.S. firms that need Chinese approval
U.S. President Donald Trump said on Friday he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion worth of U.S. goods, in a new twist in the bitter trade war between...
Modi govt exploring opportunities for more mergers in energy: Dipam secy
The Narendra Modi government is exploring opportunities for further mergers and acquisitions (M&As) among state-owned companies this year, Dipam Secretary Atanu Chakraborty told Business Standard on Saturday. In...
Next trade-war casualty may be mergers and acquisitions market
Already, one megadeal is at risk because of the US-China trade spat: a massive order by Chinese airlines for Boeing planes that may be worth more than $30 billion. A Bloomberg News story on Wednesday detailed how...
Franco-German mergers: a difficult history
Berlin and Paris are working to change European competition rules to facilitate large cross-border mergers, after the European Union blocked Siemens and Alstom from merging their rail businesses on Wednesday. But there...
Are forced bank mergers an emerging risk for investors?
Once is happenstance. Twice is coincidence. Three times is enemy action. The anti-hero Goldfinger’s retort in Ian Fleming’s popular series on a British spy is a fitting description of the recent spate of mergers and...
Mergers, buyouts, refinancing spur record U.S. loan issuance
Record financing for mergers and acquisitions as well as a push to lock in borrowing costs before interest rates headed higher drove US syndicated loan issuance to an all-time high of $2.6 trillion in 2018, surpassing...
From IL&FS to PSB mergers, the year gone by for India Inc
IL&FS Implosion Defaults in repayment obligations by IL&FS, followed by rating downgrades, shook the financial system this year. Fresh lending by NBFCs, including housing finance companies, took a hit as they...
Telco mergers still a long-distance call in Europe
Telecoms companies and investors hoping that unconditional EU approval of Deutsche Telekom’s (DTEGn.DE) Dutch deal could signal a softer regulatory stance towards mergers in the sector would do well to be cautious...
PNB rules itself out of mergers, eyes Rs 6,000 crore from 3 IBC cases
Punjab National Bank has ruled itself out of the next phase of banking consolidation. Before the Rs 14,356 crore scam, allegedly perpetrated by jewellers Nirav Modi and Mehul Choksi, hit PNB, the Delhi-based bank was...