U.S. Steel shareholders on Friday approved its proposed $14.9 billion acquisition by Japan’s Nippon Steel, as expected, taking the merger one step closer to completion even as political opposition to the deal...
PTC India gets shareholders’ nod to divest 100% stake in energy arm
Power trading solutions provider PTC India on Thursday received shareholders approval for selling 100 per cent equity stake in its arm PTC Energy to state-owned ONGC Ltd for an enterprise value of Rs 2,021 crore. As...
IL&FS seeks NCLAT nod to sell insolvent companies with haircut, without shareholders’ approval
IL&FS group has approached the NCLAT to seek permission to sell its stake with a “haircut” and without shareholders’ approval in its companies, which are insolvent with unsustainable debts and...
Vedanta’s plan to demerge businesses may face hurdles from shareholders, creditors: Report
Vedanta’s plan to demerge its businesses into separate entities could face hurdles from its minority shareholders and creditors, according to a report. On September 29, the mining conglomerate announced plans to...
R1 RCM majority shareholders consider taking company private
A group of R1 RCM’s investors is considering taking the healthcare services provider private, according to a regulatory filing on Monday, sending shares of the company up as much as 31%. The investor group, led by...
Unitop shareholders drag Rossari Bio to arbitration
The shareholders of Unitop Chemicals started arbitration against promoters of Rossari Biotech, the company which had acquired Unitop in 2021. The Unitop shareholders have alleged that Rossari Biotech has breached the...
Aster DM shareholders approve sale of Gulf business
Aster DM Healthcare said its shareholders have voted in favour of resolutions towards the separation of the GCC business from the Indian operations, and the sale of majority stake in the Gulf business to private equity...
Allkem shareholders approve $10.6 billion Livent lithium merger
Investors in Australian lithium producer Allkem voted to accept a $10.6 billion merger offer from U.S. giant Livent that would create one of the world’s biggest lithium companies. Allkem said in a regulatory...
Bahrain’s Mumtalakat says McLaren shareholders approve full recapitalisation
Bahrain’s sovereign wealth fund Mumtalakat said that luxury automaker McLaren Group’s shareholders have approved a full recapitalisation of the group. The recapitalisation will introduce a simplified share...
Maruti gets nod from shareholders to fully acquire Suzuki Motor Gujarat
Maruti Suzuki India on Saturday said its shareholders have approved the proposal to issue shares on a preferential basis to Suzuki Motor Corporation (SMC) as consideration for a related party transaction for the...
Abcam shareholders approve $5.7 billion Danaher deal
Abcam shareholders on Monday approved the proposal from Danaher Corp to acquire all outstanding shares of the company for $24 per share in cash. Danaher agreed to buy Abcam in September in a $5.7 billion all-cash deal...
Denbury shareholders approve merger with Exxon Mobil
Denbury said on Tuesday its shareholders approved the company’s merger with Exxon Mobil, with the deal closing expected on Nov. 2. Exxon Mobil in July agreed to buy the Plano, Texas-based Denbury for $4.9 billion...