Tupperware Brands Corp filed for bankruptcy following a years-long struggle with sales declines and growing competition. Tupperware Brands Corp filed for bankruptcy following a years-long struggle with sales declines...
Mint
Zee-Sony merger: NCLT recalls approval of $10 billion deal after both parties agree to terminate scheme, settle claims
The Mumbai bench of the National Company Law Tribunal (NCLT) has recalled its order approving the $10 billion merger deal between Zee Entertainment (Zee) and Sony Pictures Networks India (Sony Pictures), PTI reported on...
Vodafone’s UK merger with Three raises competition concerns, regulator says
Vodafone Group’s deal to merge its U.K. business with rival operator Three raises competition concerns, the U.K.’s antitrust authority said, creating uncertainty on a deal poised to shake up the country’s...
ZEE share price rallies over 3% as NCLT approves recall of merger scheme with Sony Pictures, Bangla Entertainment
Zee Entertainment Enterprises Ltd. (ZEEL) share price rallied over 3% on Friday after the company said it received regulatory approval for the recall of merger with Culver Max Entertainment Pvt Ltd (formerly Sony...
NCLAT halts insolvency proceedings against Essar’s oil & gas subsidiary
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the insolvency proceedings against Essar Oil and Gas Exploration and Production Ltd., a subsidiary of Essar Group. The proceedings had been initiated...
I Squared, JSW Neo and Macquarie shortlisted to buy O2 Power in $1-billion deal
New York-based private equity firm I Squared Capital, JSW Neo Energy, a subsidiary of India’s JSW Group, and Macquarie Group, one of the largest foreign infrastructure investors in the country, have been...
Global deals worth more than ₹2,000 crore under CCI lens from Tuesday
The Competition Commission of India (CCI) notified on Monday that global mergers and acquisitions (M&As) involving digital entities where the deal value is more than ₹2,000 crore and including companies with...
Competitive dynamics in focus as US tries to stop Tapestry-Capri merger
The U.S. Federal Trade Commission urged a federal judge in New York to block Tapestry’s $8.5 billion merger with rival handbag maker Capri Holdings at a trial on Monday, arguing it will eliminate fierce head-to...
MNC Capital offers to acquire Vista for $2.5 billion in latest bid
Investment firm MNC Capital said on Saturday it has increased its all cash buyout offer for Vista Outdoor to $43 per share from $42 per share. The offer values Vista at $2.51 billion, a 12.30% premium over Vista’s...
Suzlon Energy acquires 51% stake in Renom Energy
Suzlon Energy on Friday announced that the company has completed the acquisition of 51 per cent of the equity share capital of Renom Energy, as of September 6. The company further informed that with the said...
Magic Johnson buys a stake in the NWSL’s Washington Spirit
Magic Johnson has bought an ownership stake in the National Women’s Soccer League’s Washington Spirit, the basketball great-turned entrepreneur’s latest addition to his professional sports team portfolio. The team...
Theobroma sale: Marquee private equity firms place binding bids
Private equity firms Bain Capital, Carlyle Group and Chrys Capital have submitted binding bids to acquire Theobroma Foods, two people aware of the development said, bringing the bakery chain’s sale process to the...
