EIH Associated – Hon’ble High Courts, Madras & Calcutta sanctions Scheme of Amalgamation EIH Associated Hotels Ltd has informed BSE that the Madras High Court and the Calcutta High Court have sanctioned...
For Vodafone, Hutch call is still on hold
For Vodafone, Hutch call is still on hold Sluggish growth in core markets and rising shareholder ire is forcing UK-based giant Vodafone Plc into taking a big gamble in its bid for Hutchison Essar (HEL). While Vodafone...
Hutch suitors face several, different hurdles
Hutch suitors face several, different hurdles Each of the suitors that has lined up to buy into or buy out GSM operator Hutchison-Essar has its own distinctive hurdle to overcome. For a suitor who is an existing telecom...
Final offers for Corus must come by Jan 30
Final offers for Corus must come by Jan 30 Finally, there is some clarity and a definite time schedule in the battle for Anglo-Dutch steelmaker Corus. The UK’s Takeover Panel on Tuesday set a deadline of January...
MIC Electronics to buy out InfoSTEP
MIC Electronics to buy out InfoSTEP Hyderabad-based MIC Electronics, a player in Light Emitting Diode (LED) display systems, will acquire the remaining 49 per cent stake in US-based InfoSTEP before December 2007...
Arcelor Mittal buys Mexico’s Sicartsa for $1.44 bln
Arcelor Mittal buys Mexico’s Sicartsa for $1.44 bln Arcelor Mittal (MT.N: Quote, Profile , Research), the world’s largest steelmaker, will expand its leading position in Mexico with the purchase of...
Ericsson to buy Redback Networks for $2.1 billion
Ericsson to buy Redback Networks for $2.1 billion Telecommunications equipment maker Ericsson AB (ERICb.ST: Quote, Profile , Research)(ERIC.O: Quote, Profile , Research) will buy data networking equipment vendor Redback...
India Inc’s M&A deal value drops 70% in H1’09
Slowdown in global economy has cast its shadow on the country’s deal street as the number of merger and acquisitions (M&A) by India Inc declined by as much as 70 per cent to $5 billion. The total number of...
Carborundum Universal demerger
Carborundum Universal Ltd is considering a demerger of its joint venture in China. CUMI has informed the exchange that the company is exploring a demerger proposal of the joint venture in China, Jingri-CUMI Super Hard...
Kazakh field: OVL, Mittal can join hands
Decks have been cleared for ONGC Videsh Ltd, the overseas investment arm of ONGC, to partner with Mittal Investments for acquiring stake in Satpayev oilfield in Kazakhstan. The Cabinet Committee on Economic Affairs...
Huntington to buy Sky Financial for $3.6 bln
Huntington to buy Sky Financial for $3.6 bln U.S. regional bank Huntington Bancshares Inc. (HBAN.O: Quote, Profile , Research) said on Wednesday it would buy its Ohio neighbor Sky Financial Group Inc. (SKYF.O: Quote...
WNS eyes buyouts and new verticals
WNS eyes buyouts and new verticals WNS, the Mumbai-based BPO services, is looking at adding new service offerings and acquisitions in the near future. WNS is one of the first BPO companies with bulk of its operations in...
