Billionaire investor William Ackman adjusted his battered hedge fund portfolio on Wednesday when he sold 20 million shares of snack maker Mondelez International, one day after another key holding, Valeant...
Energy Transfer says controlling interest in Sunoco not for sale
Energy Transfer Equity (ETE) said on Wednesday that it has no plans to sell its controlling interest in Sunoco LP (SUN.N) even though it has received many queries from potential buyers since acquiring the gas station...
Saudi Aramco, Shell plan to break up Motiva, divide up assets
Royal Dutch Shell (RDSa.L) and Saudi Aramco announced plans on Wednesday to break up Motiva Enterprises LLC in a deal that ends a partnership of nearly two decades and hands control of the biggest U.S. refinery to the...
Senvion May Become Acquisition Target After Plan for IPO Fails
Senvion GmbH’s failure to launch an initial public offering may leave the German wind turbine maker the target of a takeover bid as four of its biggest competitors combine to increase their own market clout...
DEN Networks exits JV with Star India by selling stake
DEN NetworksBSE 1.62 % today exited its 50:50 joint venture (JV) with Star India by selling its stake for a total consideration of Rs 40.35 crore. “DEN Networks has entered into a share purchase agreement with...
Indian Oil, Oil India & Bharat Petroleum to buy Russian oil field for $1.3 billion
Indian Oil Corp, Oil India and Bharat Petroleumtoday signed an agreement to buy stakes in Russia’s Taas-Yuriakh oil field in East Siberia for about $1.3 billion (about Rs 8,750 crore). The three firms will equally...
Gurgaon-based Elitify.com in talks to raise Rs 13 crore
Gurgaon-based fashion portal Elitify.com is in talks with potential investors including Paytm for raising $2 million or about Rs 13 crore, people aware of the matter said. Elitify founder Amit Rawal confirmed that the...
LSE and Deutsche Börse seal $30-bn trading tie-up to create world’s biggest exchange
Deutsche Börse and London Stock Exchange Group (LSE) agreed to combine in a $30 billion deal to create a European trading powerhouse better able to compete with US rivals encroaching on their turf. However, the deal...
Rosneft to buy 49% stake in Essar Oil
Russian state-owned petroleum explorer and the world’s largest publicly traded oil company Rosneft is all set to purchase 49 per cent stake in India’s private sector oil refiner Essar Oil, promoted by the...
Taro Pharma to buy back shares worth $250 mn
Taro Pharma, the Israeli subsidiary of Sun pharmaceutical, has decided to buy back its shares worth $250 million. The repurchase authorisation enables the company to purchase its ordinary shares from time to time...
HAL, PHL sign MoU to set up maintenance work JV
Hindustan Aeronautics Limited (HAL) and Pawan Hans Limited (PHL) signed an MoU to set up a joint venture at Rohini in Delhi to carry-out the maintenance work related to all types of helicopters and address the needs of...
Konica Minolta acquires Meridian Imaging Solutions
Acquires DC-based company Meridian Imaging Solutions to expand its reach as a strategic workplace solutions provider * Acquires DC-based company Meridian Imaging Solutions to expand its reach as a strategic workplace...
