Tatas look for funds to take on CSN Tata Steel, locked in a battle with Brazil’s CSN for Anglo-Dutch steelmaker Corus, has alerted its bankers about the need for more funds amidst growing signs that CSN is getting...
Wockhardt sells nutrition biz to Abbot
Wockhardt, which recently undertook a debt restructuring scheme, has signed an agreement to divest its non-core nutritional business to Abbott, a global healthcare company. Sources said the deal was worth close to $130...
Sanofi buys Merieux stake in Shantha
Sanofi Pasteur has bought the stake of Merieux Alliance in the Indian vaccine-maker Shantha Biotechnics to boost global vaccine development.. The transaction, set to close before the end of the third quarter, values...
Entegra Equity shareholders & Unsecured Creditors approves Scheme of Merger
Entegra Ltd has informed BSE that at the Extra Ordinary General Meeting of the Company held on July 27, 2009 of the Equity shareholders and of Unsecured Creditors of the Company, for approval of the Scheme of Merger...
Bank of America buys US Trust
Bank of America buys US Trust Bank of America, the No 2 US bank, said on Monday it agreed to buy US Trust, the private banking unit of Charles Schwab, for $3.3 billion to expand in the lucrative business of managing...
Freeport-McMoRan buys Phelps Dodge for $26 bn
Freeport-McMoRan buys Phelps Dodge for $26 bn Freeport-McMoRan Copper & Gold agreed to buy Phelps Dodge for $25.9bn in cash and stock in the world’s biggest mining take-over. Phelps Dodge stockholders will get...
Blackstone to acquire Equity Office for $19 bn
Blackstone to acquire Equity Office for $19 bn Private equity buyout firm Blackstone Group agreed on Monday to buy US office building owner Equity Office Properties Trust in a deal valued at nearly $19 billion excluding...
M&As hit record $3.1 trillion
M&As hit record $3.1 trillion Mergers and acquisitions world-wide rose to a record $3.1 trillion as leveraged buyouts (LBOs) almost tripled, surpassing the previous high set in 2000 during the peak of the dot-com...
Bank of America buys US Trust for $3.3bln
Bank of America buys US Trust for $3.3bln Bank of America Corp. (BAC.N: Quote, Profile, Research) on Monday said it will buy Charles Schwab Corp.’s (SCHW.O: Quote, Profile, Research) U.S. Trust Corp. unit for $3.3...
Foreign SEs can buy up to 26% in BSE
Foreign SEs can buy up to 26% in BSE Foreign stock exchanges like London Stock Exchange or New York Stock Exchange would now be able to pick up stake in Bombay Stock Exchange (BSE) and other Indian bourses. The...
Gateway to buy 50.1% stake in Snowman
Gateway to buy 50.1% stake in Snowman
Logistics firm Gateway Distriparks Ltd said on Wednesday its board had approved buying a 50.1 per cent stake in Snowman Frozen Foods Ltd for Rs 481.2 million.
Takeover battle for Corus looms large
Takeover battle for Corus looms large A price war between Tata Steel and Brazilian steel-maker CSN appears to be on the cards for the takeover of Anglo-Dutch steel company Corus. Reports from Bombay House, the corporate...
