Brazilian food processor BRF SA has reached an agreement to acquire pet food company Hercosul for an undisclosed amount, in a moment the company considers a price rise as corn prices skyrocketed, its Chief Executive...
Airtel buys 10% in digital content firm Spectacom
Bharti Airtel said it will help Spectacom deliver exclusive digital content through its platforms Airtel Xstream and Wynk Music. This deep digital distribution reach will allow Airtel customers, including the youth in...
NCLAT sets aside CAIT plea against CCI nod to Flipkart’s acquisition by Walmart
A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal. NCLAT also said Flipkart was not...
Nirmala Sitharaman reviews amalgamation of public sector banks
Finance minister Nirmala Sitharaman on Thursday reviewed the progress on the amalgamation of public sector banks that is expected to come into effect from April 1. “Amalgamating PSBs made a presentation to Hon. FM...
Sinclair Oil weighs offers for company sale
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with the matter. A Sinclair...
SoftBank to buy back up to $4.8 billion of its shares after pressure from Elliott
SoftBank Group Corp said on Friday it will buy back up to 7% of its own shares for as much as 500 billion yen ($4.8 billion) – a decision that comes after activist investor Elliott Management pressed for $20...
Brazil’s Eneva acquires 0.5% stake in AES Tiete amid merger talks
Brazilian energy company Eneva said on Thursday it has acquired a 0.5% stake in AES Tiete to enjoy shareholder benefits and take part in general assemblies while it negotiates a merger with the company. On March 1...
Virus Outbreak Could Lead Companies to Renegotiate M&A Deals
Companies are considering renegotiating previously announced mergers and acquisitions after the outbreak of the coronavirus, according to law firm Hogan Lovells. Some dealmakers are seeking to change the terms of...
CCI approves acquisition of equity stake in Teesta Urja by Greenko Mauritius
Greenko Mauritius is a wholly-owned subsidiary of Mauritius-based Greenko Energy Holdings. Teesta Urja is a special purpose vehicle incorporated for implementation of a 1,200 MW hydro power project in North Sikkim. The...
Cadila board okays transfer of animal healthcare business to subsidiary
Drug firm Cadila Healthcare on Wednesday said its board has approved the transfer of its animal healthcare business to its wholly-owned arm Zydus Animal Health and Investments Ltd (ZAHL) as part of its internal...
CPPIB looks to buy 35% stake in JM Baxi unit for ₹1,400 crore
Mumbai-based logistics firm JM Baxi is in the final stages of discussions to raise ₹1,400 crore as equity investment from the Canada Pension Plan Investment Board (CPPIB), three people aware of these discussions said...
California, other states end opposition to T-Mobile, Sprint merger
California and other states which had fought a merger of Sprint Corp and T-Mobile US Inc over concerns about higher prices for consumers and less innovation have agreed to end their opposition to the deal in a...
