The acquisition of the controlling stake of 14.9 per cent in Great Offshore by Bharati Shipyard (through its subsidiaries) by way of purchase of pledged shares in a non-cash deal technically “averted”...
Sahara India Investment picks up stake in STel
Sahara India Investment Corp Ltd has picked up a stake in one of the new telecom players STel Ltd, according to a report submitted by the Telecom Regulatory Authority of India (TRAI) to the Government. The report on how...
L&T inks pact with EADS to invest in defence biz
Larsen and Toubro has tied up with Europe’s EADS Defence and Security division to form a joint venture company for defence electronics in India. The facility to be set up at Talegoan, near Pune, at a cost of Rs...
Hedge Fund Arrowgrass Said to Raise $600 Million to Bet on M&A
Arrowgrass Capital Partners LLP has raised more than $600 million for a hedge fund speculating on the success or failure of mergers and acquisitions, according to two people with knowledge of the matter. The Arrowgrass...
Merger Mania for Canada as Deals Reach Record $83B
Canadian companies hunting for growth abroad drove mergers and acquisitions to a record US$83.4 billion in the first quarter of 2016, including an unprecedented four deals of more than US$5 billion each. Bloomberg...
Deal of the Week: From Banker to Teacher to … Something in Between
Scott Rostan used to be a mergers & acquisitions banker for Merrill Lynch. Then he was a high school teacher. He eventually found a happy medium training bankers and business school students how to do their jobs...
Newspapers Gobble Each Other Up to Survive Digital Apocalypse
Newspapers have settled on a strategy to stop withering away: feast on each other for survival. For the owners of big-city dailies like the Chicago Tribune and Denver Post, buying smaller publications and slashing costs...
Evergrande to Expand Mainly Through Mergers After Buying Spree
Evergrande Real Estate Group Ltd., the Chinese real estate developer that has embarked on a buying spree since last year, said it will keep expanding mainly through mergers and joint ventures, and will also seek to...
Italy Bank Merger Sparks Analyst Skepticism as Shares Decline
Banco Popolare SC and Banca Popolare di Milano Scarl dropped after the lenders agreed to form Italy’s third-largest bank, with analysts signaling skepticism about plans to cut costs and raise capital. The two lenders...
Exelon’s $6.8 Billion Takeover of Pepco Approved by D.C.
Exelon Corp.’s $6.8 billion takeover of Pepco Holdings Inc. was approved by Washington regulators on its third attempt, paving the way for the companies to form the nation’s biggest utility almost two years after...
SunTrust Plans to Hire as Many as 200 in Mid-Market M&A Push
SunTrust Banks Inc., Georgia’s largest lender, said its wholesale-banking business will hire as many as 200 people over the next four years as it seeks to increase mergers-and-acquisition services for mid-size...
Bigger Is Better for Singapore REITs Facing Consolidation
Singapore’s real estate investment trust market is set to consolidate as smaller vehicles merge to cope with rising regulatory costs, according to Cambridge Industrial Trust. “The wave of consolidation for Singapore...
