Drug store chain Rite Aid Corp and U.S. grocer Albertsons Companies Inc ABS.N agreed to terminate their merger agreement, the companies said on Wednesday, a little over 10 days after a shareholder advisory firm opposed...
Ping An Insurance Group considers buying Prudential’s Asian business
Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever Chinese...
SC sends Jaypee Infratech insolvency case back to NCLT for fresh look
The Supreme Court on Thursday ordered that the insolvency case of Jaypee Infratech be returned to the National Company Law Tribunal (NCLT), and the entire process, including the bidding for the asset, be restarted. This...
Paytm acquires Bengaluru’s savings management startup Balance Technology
Digital payments major Paytm on Thursday said it had acquired Bengaluru-based savings management start-up, Balance Technology for an undisclosed amount. The acquisition will help One97 Communications, which operates the...
BLS E-Services acquires Starfin India for an undisclosed amount
BLS E-Services today said it has acquired Starfin India, a banking business correspondent of State Bank of India, for an undisclosed amount. The company, which is a wholly-owned subsidiary of BLS International, has over...
Starwood to Buy a GE Energy-Finance Business for $2.56 Billion
Barry Sternlicht’s Starwood Property Trust Inc. agreed to buy a General Electric Co. energy-finance business for $2.56 billion to expand beyond real estate holdings. The acquisition includes a roughly $2.1 billion...
Glencore’s Agriculture Flop Shows Why It Still Needs M&A
Glencore Plc’s poor performance in agriculture shows exactly why the company still needs a big deal to compete on the international stage. While rival Archer-Daniels-Midland Co. used its global reach to profit from...
Rite Aid, Albertsons Scrap Deal Amid Criticism Ahead of Vote
Rite Aid Corp. and Albertsons Cos. agreed to scrap a merger that would have helped reshape the U.S. retail and health-care industries, as opposition to the transaction increased before a shareholder vote. “While we...
Perrigo board okays separation of prescription pharma business
Perrigo Company Plc said on Thursday its board approved a plan to separate its Prescription Pharmaceuticals (Rx) business after the generic drugmaker completed a review of its strategic portfolio. The board will...
Flipkart-Walmart deal crosses key CCI hurdle
India’s antitrust regulator has approved Walmart’s $16-billion purchase of Flipkart, despite protests from traders across the country over fears that the deal would drive several small retailers out of business. On...
Fonterra re-enters India with Future Consumer on board post Britannia split
Nine years after splitting with Nusli Wadia-controlled Britannia Industries, New Zealand’s Fonterra has staged a comeback by tying up with Kishore Biyani’s Future Consumer. On Tuesday, the two companies announced they...
PolyOne Corp set to buy engineering plastic maker Formulated Polymers
PolyOne Corporation, the global major of specialized polymer materials, is set to acquire India’s leading engineering plastic compound maker Formulated Polymers Ltd. The $3.2 billion PolyOne, which operates...
