The world’s biggest luggage maker, Samsonite International Sa, is nearing a deal to buy Tumi Holdings Inc, the Wall Street Journal Reported on Wednesday. A deal between the rivals could be announced as soon as...
Steinhoff Makes $924 Million Proposal to Win Darty From Fnac
Steinhoff International Holdings NV Group made an unsolicited, 662-million-pound ($924 million) proposal to buy French electronics retailer Darty Plc, the second time in less than a month that it’s sought to break up...
Hinduja Group acquires London’s Old War Office building; to redevelop into 5-star hotel.
The Hinduja Group has acquired the heritage building, Old War Office that was once inhabited by the Britain’s war-time Prime Minister Winston Churchill from the British Ministry of Defence, the company said. The...
Luxembourg delegation expresses interest in SAIL-Arcelor Mittal JV.
A top delegation of Luxembourg companies led by the country’s Deputy Prime Minister Etienne Schneider, has expressed keen interest in the progress of the proposed joint venture between Steel Authority of India...
Manoj Mohanka may acquire Deccan Chronicle.
Manoj Mohanka, former chairman of Network 18 Media and Investments and a finance and management expert, is preparing to acquire ailing media house Deccan Chronicle Holdings (DCHL) through a deal being worked out among...
RBNL in talks with firms for stake sale
After exiting the movie exhibition business by selling Big Cinemas to the Carnival Group in 2014, Anil Ambani is now looking to monetise the broadcast business. Sources close to the company have revealed that the...
TCS and GE enter strategic alliance to develop digital solutions
Tata Consultancy Services (TCS) on Wednesday said that as a new member of the GE Digital Alliance Program, it would develop digital solutions that would increase the productivity of mobile workforces and assets in...
Aion Capital Partners joins Bhasin, Chawla to buy GE Capital
Plutus Financials, a joint venture between Aion Capital Partners, Pramod Bhasin and Anil Chawla, said it had acquired the commercial lending business of GE Capital in India for an undisclosed amount. According to...
Take Me to Church & Dwight
Merger in aisle five? Church & Dwight may be emerging as the industry’s next deal candidate. The $12 billion consumer-products company makes drug-store and supermarket staples ranging from Arm & Hammer...
Cote’s Elephant Gun Signals Honeywell Appetite for Megadeals
Honeywell International Inc. Chief Executive Officer Dave Cote said three years ago that he gets queasy thinking about acquisitions of more than $1 billion. Now, it’s his investors who may be getting uncomfortable...
Glencore Considers Buying Anglo Stake in Colombia Coal Mine
Glencore Plc may increase its stake in Colombia’s largest coal mine, Cerrejon, if Anglo American Plc carries out recently announced plans to sell its one-third interest. Both Glencore and joint-owner BHP Billiton Ltd...
CDC and GIC, too, keen on stake in IDBI Bank: Kishore Kharat.
Government-owned IDBI Bank has received interest from UK’s CDC and Singapore’s GIC to acquire a stake in the bank, its chief executive confirmed on Tuesday. “You are talking about IFC, but there are...
