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...
Bunge shareholders approve merger with Viterra, closing expected in mid-2024
Shareholders of global grains merchant and oilseeds processor Bunge approved the company’s acquisition of Glencore-backed Viterra during a shareholder meeting on Thursday, Bunge said in a statement. The merger...
Reliance Retail plans to buy out minority shareholders
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is looking to buy out the minority shareholders of Reliance Retail Ltd for a total sum of up to ₹1,071.27 crore and make its step-down retail unit into a fully...
Reliance shareholders and creditors approve demerger of financial services arm
Billionaire Mukesh Ambani-led Reliance Industries Limited’s shareholders, with its secured and unsecured creditors, on May 4 permitted the demerger of the company’s financial services firm – Reliance Strategic...
NCLAT Judgement – On Obtaining Consent of Creditors in case of Scheme of Arrangement between Company and its Shareholders
Vedanta Limited has proposed scheme of arrangement for capital reorganization of the Applicant Company, inter alia, providing for transfer of amounts standing to the credit of General Reserves to Retained Earnings of...
Tata Consumer and Tata Coffee shareholders approve merger at Nov 12 vote
Shareholders of Tata Consumer, Tata Coffee and TCPL Beverages approved the scheme of arrangement between the three companies, the voting for which was held on November 12. In March, Tata Consumer’s board had approved...
Spirit Airlines shareholders vote in favor of $3.8 bln JetBlue merger
Shareholders of U.S. carrier Spirit Airlines Inc voted in favor of JetBlue Airways Corp’s $3.8 billion takeover offer, moving the companies closer to creating the nation’s fifth-largest carrier. A majority...
Shareholders of PVR approve the proposed merger with Inox Leisure
PVR on Wednesday said its shareholders had approved the proposed merger with Inox Leisure. PVR had convened a meeting of its shareholders on Tuesday following the directions of the Mumbai bench of the National Company...
Germany’s SLM recommends shareholders accept Nikon takeover offer
The board of German 3D metal printing machine maker SLM Solutions Group AG on Tuesday recommended that its shareholders accept a takeover offer from Japanese camera maker Nikon Corp. Nikon announced last month its plans...
Shareholders of Poland’s PKN Orlen approve takeover of gas firm PGNiG
Shareholders of Polish refiner PKN Orlen on Wednesday approved the takeover of gas company PGNiG, bringing the oil firm closer to becoming what the government says will be a national energy champion able to compete with...
Zendesk shareholders vote in favor of $10.2 bln go-private deal
Zendesk Inc shareholders have approved a $10.2 billion planned acquisition of the software maker by a group of private equity firms led by Hellman & Friedman and Permira, the company said on Monday. The company in...
PVR to seek nod from shareholders, creditors on Oct 11 for merger with INOX
Multiplex operators PVR and INOX Leisure may move closer to create the largest multiplex chain in the country with a crucial meeting of shareholders and creditors scheduled on October 11. PVR has called a meeting of its...