Siemens Limited announced the sale and transfer of its healthcare undertaking for a consideration of Rs 3,050 crore to Siemens Healthcare, a subsidiary of Siemens AG on a slump sale basis. “The transaction, as...
Elliott buys large Qlik stake, eying sale to bigger buyer
Elliott Management Corp bought a large stake in Qlik Technologies Inc, saying on Thursday that shares are cheap and the data analytics company is ripe for being taken over by a larger technology peer. Elliott, a $27...
Carlyle seeks to sell Zodiac Pool Solutions
Private equity firm Carlyle Group LP is exploring a sale of Zodiac Pool Solutions SAS, hoping a deal will value the U.S. swimming pool and spa equipment maker at more than $800 million, including debt, according to...
Argentine regulator okays sale of controlling stake in Telecom Italia unit
Argentina’s new telecoms regulator on Thursday approved Telecom Italia’s sale of its controlling stake in Telecom Argentina to investment firm Fintech, a source at the regulator said. Telecom Italia agreed...
Snapchat raises $175 million from Fidelity in latest funding round
Snapchat has raised $175 million in fresh funding from Fidelity Investments and other investors, according to a source familiar with the matter. The investment is an extension of Snapchat’s Series F financing...
AMC Entertainment to buy Carmike in deal valued at $1.1 billion
AMC Entertainment Holdings (AMC.N) will acquire Carmike Cinemas Inc (CKEC.O) in a deal valued at about $1.1 billion, including debt, making the combined company the largest U.S. theater chain. Chinese property and...
Pincon Spirit acquires Singapore-based Orbitol Solutions.
Pincon Spirit Ltd today said it has acquired Singapore-based Orbitol Solutions, engaged in merchant trading and agriculture business. The company’s business is dispersed through Southeast Asia. Pincon Spirit did...
Minda Industries acquires Spain based Rinder for Euro 20 million.
Auto component manufacturer Minda IndustriesBSE 16.45 % today said it has acquired the global lighting business of Spain-based Rinder Group for Euro 20 million. The acquisition includes 100 per cent equity holding in...
Adani Group may buy Jindal Power; valuation likely at Rs 18,000-20,000 crore, inclusive of debt.
Naveen Jindal-promoted Jindal Steel & Power Limited (JSPL) is in advanced discussions with Adani Group to sell its power generating subsidiary – Jindal Power (JPL), four people familiar with the development...
Shell to sell India assets
Royal Dutch Shell Plc is lining up assets for a $30 billion divestment program that may extend from the U.S. and Trinidad to India following its record takeover of BG Group Plc, according to people with knowledge of the...
Biyani ties up with Tata-Tesco chain to supply Future brands
In what can be described as the coming together of two rival retailers, Kishore Biyani’s Future group has tied up with Trent Hypermarket, a joint venture of Tata group’s Trent and UK-based Tesco. The...
Publicis’ U.S.-based unit acquires Salesforce consulting partner Vertiba
French advertising group Publicis (PUBP.PA) said on Wednesday its U.S.-based unit Publicis.Sapient had acquired Vertiba, a consulting company providing services based on Salesforce.com (CRM) cloud computing solutions...
