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...
Ownership change not to impact Reader’s Digest operations in India
Ownership change not to impact Reader’s Digest operations in India Reader’s Digest Association Inc’s operations in India are likely to remain unchanged even after its proposed takeover by Ripplewood...
CSN game for price war over Corus
CSN game for price war over Corus The battle for control of Anglo-Dutch steel company Corus Group may turn fierce, with Brazil’s Companhia Siderurgica Nacional (CSN) indicating that it will engage in a price war...
Tata Steel can bank on Tata Sons for Corus buy
Tata Steel can bank on Tata Sons for Corus buy The Tata group has several options to finance the takeover of Corus. Multiple options of how Tatas can finance the takeover bid have already been discussed. It is accepted...
Deadline looms in Bharti-MTN merger talks
The countdown is on in merger talks between India’s top mobile firm Bharti Airtel and South Africa’s flagship MTN cellular company to create an emerging market powerhouse. The Indian company, which harbours...
Sanofi Pasteur buys majority stake in Shantha Bio
French pharma major Sanofi-aventis today said its vaccine division Sanofi Pasteur has acquired majority stake in Hyderabad-based Shantha Biotechnics, which has been valued at euro 550 million (over Rs 3,770 crore)...
‘Tata may revise offer for Corus’
‘Tata may revise offer for Corus’ Tata Steel Ltd. may revise its offer for Anglo-Dutch steelmaker Corus Group Plc. after Brazil’s Companhia Siderurgica Nacional (CSN) topped Tata’s bid...
Elder Pharma eyes European company
Elder Pharma eyes European company Elder Pharmaceuticals, one of the fast growing pharmaceutical formulation company, is getting ready to make its maiden overseas acquisition. The company, which has several product...
Blackstone to buy Equity Office in $36 bln deal
Blackstone to buy Equity Office in $36 bln deal – Private equity buyout firm Blackstone Group agreed to buy U.S. office building owner Equity Office Properties Trust (EOP.N: Quote, Profile, Research) for $36...
Freeport-McMoRan agrees to buy Phelps for $25.9 billion
Freeport-McMoRan agrees to buy Phelps for $25.9 billion – Freeport-McMoRan Copper & Gold Inc. (FCX.N: Quote, Profile, Research) said it agreed to buy much larger Phelps Dodge Corp. (PD.N: Quote, Profile...
Sun TV’s merger plan
Sun TV’s merger plan Sun TV plans to merge satellite television broadcasting companies with itself, according to information provided by the company to the Bombay Stock Exchange. Its board will consider the merger...
Reliance keen to take over Dabhol power plant
Reliance keen to take over Dabhol power plant Reliance Industries Ltd, India’s largest private firm, is keen to take over the Dabhol power plant to fulfill its long planned ambition of having an LNG import...
