L&T ups Satyam stake, fuels M&A talks The Larsen & Toubro Group is believed to have extended its purchases of Satyam Computer shares from the secondary market on Wednesday, taking advantage of the...
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A ‘great’ opportunity gone awry for MFs
A ‘great’ opportunity gone awry for MFs On December 16, when Satyam Computer Services (Satyam) declared that it wants to buy Maytas, it triggered investor activism, forcing the software giant to retract...
BofA sells $2.8 bn China bank stock
BofA sells $2.8 bn China bank stock Bank of America Corp sold $2.8 billion of China Construction Bank Corp shares to replenish capital after completing the biggest financial-services acquisition announced in 2008. China...
Taro demands $15/share for merger with Sun
Taro demands $15/share for merger with Sun Israeli drug major Taro Pharmaceutical, which is battling a hostile takeover bid, has demanded a 58 per cent premium, or $15 per share, in cash to effect a merger with Sun...
Daiichi to book $3.86 bn loss to buy Ranbaxy
Daiichi to book $3.86 bn loss to buy Ranbaxy Japanese drug major Daiichi Sankyo, which acquired 63.92 per cent stake in Ranbaxy for $4.6 billion (around Rs 23,000 crore), said that the transaction would result in a...
Sun raises offer 23% for Taro s residual stake
Sun raises offer 23% for Taro s residual stake Sun Pharmaceuticals raised its offer by as much as 23 per cent to buy the residual stake of Taro Pharmaceutical Industries in a bid to gain a controlling stake in the...
Future Capital rises on finance firm buy
Future Capital rises on finance firm buy Shares of Future Capital Holdings (FCH) jumped 10.7 per cent to Rs 208.25 after the company acquired 100 per cent stake in Black Diamond Finance, a non-banking financial services...
Mirc Electronics equity shareholders approve Scheme of Amalgamation
Mirc Electronics equity shareholders approve Scheme of Amalgamation Mirc Electronics Ltd has informed BSE that the Equity Shareholders of the Company at its Court Convened Meeting held on January 05, 2009, have...
Satyam denies reports on merger with Tech Mahindra
Satyam denies reports on merger with Tech Mahindra Satyam Computer Services Ltd on Tuesday denied reports that it may merge with software solutions provider Tech Mahindra. The $2-billion software exporter...
Maytas denies bid for merger, takeover
Maytas denies bid for merger, takeover The shares of Maytas Infra gained 4.30 per cent on Tuesday and closed at Rs 167.40 amid reports of Reliance Infra showing interest in the Hyderabad-based company promoted by...
KKR may exit Aricent
KKR may exit Aricent The world’s largest buyout fund Kohlberg Kravis Roberts (KKR) is considering pulling out of Aricent, formerly Flextronics Software Systems, nearly two-and-a-half years after...
Fabindia stitches deal with UK’s east
Fabindia stitches deal with UK’s east Indian ethnic wear chain Fabindia has picked up a 25% stake in the UK-based womenswear retailer EAST for an undisclosed amount with an option to acquire the rest in...
