Global takeover frenzy fuelled by debt: analysts Frenetic global takeover activity this year has been driven partly by an over-reliance on debt and this could cause problems if economic growth slows or interest rates...
Rediff buys minority stake in Tachyon
Rediff buys minority stake in Tachyon Rediff.com, the $30 million (Rs1.34 crore) internet firm, has acquired a minority stake in Tachyon, a Bangalore-based software company. Tachyon has built a software product...
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...
SBI banks on SBS success for future M&As
Bharti Airtel and MTN failed to meet the Friday deadline to conclude merger talks to create the third-largest mobile phone operator in the world, but executives with direct knowledge of the development said the...
AIG Capital to buy 75 pc in Vivek Hire Purchase
AIG Capital to buy 75 pc in Vivek Hire Purchase AIG Capital India Private Ltd, a wholly owned subsidiary of AIG Capital Corporation, USA, signed an agreement to acquire a controlling stake in Vivek Hire Purchase &...
