Microsoft Corp’s deal to buy videogame publisher Activision Blizzard is expected to face an in-depth UK probe after the software maker did not offer any remedies to assuage competition concerns, the Financial...
The Investment Trust of India Limited ‘The company constantly looking at value creation through acquisitions and restructuring. Whether this will work this time?
The Investment Trust of India Limited (“TITIL” or “Demerged Company”) is principally engaged in the business of offering a range of financial products and services. These various businesses are grouped under two broad...
Business payments firm Billtrust up for sale -sources
BTRS Holdings Inc, the owner of business payments vendor Billtrust, is exploring options that include a potential sale, according to people familiar with the matter. The Lawrenceville, New Jersey-based company is...
EU antitrust regulators likely to block Illumina, Grail deal – sources
EU antitrust regulators are expected to veto U.S. life sciences firm Illumina’s acquisition of biotechnology company Grail, people familiar with the matter said. There are doubts whether concessions offered by...
Australia’s Perpetual not looking to divest corporate trust arm
Australia’s Perpetual Ltd said it is currently not looking to divest its corporate trust business, even after receiving two indicative offers for the unit. The asset manager said it had received two offers for the...
Rogers, Shaw start Canada antitrust talks over blocked C$20 billion merger
Canada’s antitrust authority, Rogers Communications and Shaw Communications will begin two-day negotiations on Monday to discuss possible remedies to the contested C$20 billion ($15.5 billion) takeover of Shaw by...
Singapore’s Frasers Property seeks to take hospitality trust private
Singapore-listed Frasers Property Ltd, part of Thai tycoon Charoen Sirivadhanabhakdi’s TCC Group, proposes to take unit Frasers Hospitality Trust private in a deal that values it at S$1.35 billion ($970 million)...
Westpac to sell one financial advisory business, merge unit’s funds with Mercer Super Trust
Westpac Banking Corp said it would sell one of its financial advisory businesses, Advance Asset Management, to pension fund Mercer Australia, as part of the bank’s ongoing push to exit non-core businesses. The...
IDBI Trust invokes pledged investments in Future Group companies
Future Lifestyle Fashions (FLF) said on Thursday that IDBI Trusteeship Services has invoked the pledge it made on investments in FLFL Lifestyle Brands (FLBL) and nearly a dozen other associate firms, after FLBL failed...
Spirit board rejects JetBlue takeover offer on antitrust risks
Ultra low cost carrier Spirit Airlines rejected JetBlue Airways Corp’s $33-per-share takeover offer, saying it had a low likelihood of winning approval from government regulators. Frontier (ULCC.O) and JetBlue...
Parker wins EU antitrust nod for $8.2 billion Meggitt buy
U.S. engineering and aerospace group Parker-Hannifin won EU antitrust approval for its 6.3-billion-pound ($8.2 billion) planned acquisition of Britain’s Meggitt after pledging to sell a factory in the United...
France antitrust watchdog launches in-depth review of TF1/M6 merger plan
France’s antitrust watchdog said on Friday it was launching an in-depth review of the merger project of TF1 and M6, the country’s top two listed broadcasters. TF1 and M6 owners, respectively French...