OneSteel set to buy Smorgon for $781m OneSteel and Smorgon Steel Group agreed a revised A$1 billion ($781 million) takeover plan that blunts opposition from rival BlueScope Steel and averts competition concerns. Under...
Apollo to acquire US home broker Realogy for $6.4b
Apollo to acquire US home broker Realogy for $6.4b Apollo Management agreed to buy Realogy, the owner of the Century 21 and Coldwell Banker real-estate brokers, for about $6.4 billion in a sign the US housing slump may...
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 &...
UK Takeover Panel mulls two way auction for Corus
UK Takeover Panel mulls two way auction for Corus The end to the battle for Corus is coming into sight. The takeover panel of the UK is likely to set a deadline for both bidders – Tatas and CSN – to make...
Mittal may buy stake in HPCL’s Bhatinda refinery
Mittal may buy stake in HPCL’s Bhatinda refinery NRI steel tycoon Lakshmi N Mittal may partner Hindustan Petroleum Corp Ltd (HPCL) in the state-run firm’s under-construction three billion dollar refinery at...
Vox Spectrum acquires Mack Telecom
Vox Spectrum acquires Mack Telecom Vox Spectrum has announced the acquisition of telecom firm Mack Telecom Services. Vox owns intellectual properties in computer-telephony integration. With this investment, it will...
Rediff India buys stake in Tachyon
Rediff India buys stake in Tachyon Mr Ajit Balakrishnan (left), Founder and CEO, Rediff.com, and Mr Ramprakash H., Managing Director, Tachyon Technologies, at a press conference in Bangalore on Tuesday. – G. R. N...
Ambani pitches for Ruia`s Hutch stake
Ambani pitches for Ruia`s Hutch stake The Reliance-Anil Dhirubhai Ambani group (R-ADAG) has approached the Ruias through merchant bankers to buy their 33 per cent stake in Hutchison Essar Ltd. Nimesh Kampani of JM...
Reliance Comm offers merger with Aircel
Reliance Comm offers merger with Aircel Anil Ambani led Reliance Communications is believed to have proposed a merger between Reliance Communications and Aircel Limited to win over Malaysia’s Maxis in joining the...
Tata Motors to invest Rs 120 cr in Thailand pick-up truck venture
Tata Motors to invest Rs 120 cr in Thailand pick-up truck venture Tata Motors will invest Rs 120 crore in the new 70: 30 joint venture with the Thailand-based company, Thonburi Automotive Assembly Plant Company, to...
Mittal may buy stake in HPCL’s Bhatinda refinery
Mittal may buy stake in HPCL’s Bhatinda refinery NRI steel tycoon Mr Lakshmi N Mittal may partner Hindustan Petroleum Corp Ltd (HPCL) in the state-run firm’s under-construction $3 billion refinery at...
