India’s largest e-commerce company Flipkart Ltd is in talks to buy a majority stake in PhonePe Internet Pvt. Ltd, a payments start-up started by three of its former senior executives, two people familiar with the...
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...
M&M acquires 35% stake in Finnish co Sampo Rosenlew, enters combine harvester biz.
Mahindra and Mahindra’s farm equipment division has picked up 35 per cent stake in Finland’s Sampo Rosenlew, a combined harvester specialist, for 18 million. This is Mahindra’s second global...
Vodafone in talks with Piramal group and HDFC Bank to offload 49% in payments bank.
Vodafone is in initial talks with the Piramal group and HDFC Bank to sell as much as 49% of its payments bank arm, more than the 26% it has to compulsorily divest, with an aim also to cross-sell financial services...
UltraTech buys Jaypee cement units for Rs 15,900 cr
UltraTech Cement, a part of the Aditya Birla group, agreed to buy Jaiprakash Associates’ 21.2 million tonnes per annum (mtpa) cement capacity for Rs 15,900 crore on Thursday. While the deal will take...
Portea Medical acquires Health Mantra
Home healthcare company Portea Medical said it has acquired home medical equipment service provider Health Mantra India for an undisclosed amount. The acquisition, second in the last six months, will help Protea expand...
Leapfrog Enterprises reaffirms support of merger with VTech
Leapfrog board of directors reaffirms support of merger with vtech; no superior proposals have been made or are pending * Has not received any offers other than from l&m acquisition, which board determined was...
Medivation working with JPMorgan on takeover approaches
Medivation Inc (MDVN.O) has been working with investment bank JPMorgan Chase & Co (JPM.N) to handle interest from other companies in a potential acquisition, but it has no plans to sell itself, according to people...
Foxconn to agree on Sharp takeover after a big discount
Taiwan’s Foxconn is set to agree on Wednesday to acquire Sharp Corp of Japan, gaining a big discount to its original offer after a month of wrangling about potential liabilities that sowed more doubt about whether...
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...
Tale of two acquisitions: Mittal Steel’s acquisition of Arcelor and Tata Steel’s acquisition of Corus.
Two Indian steelmakers made two big ticket acquisitions. The first by ArcelorMittal, followed quickly by India’s largest private sector steelmaker Tata Steel. By 2014, the unwinding of assets and write-offs began...
