Brazil’s CNS counters Tata bid for Corus Companhia Siderurgica Nacional (CSN), Brazil’s fourth-largest steel maker, on Friday announced a higher counter bid for steel maker Corus putting to test Tata...
Tatas to revise Corus offer after CSN entry
Tatas to revise Corus offer after CSN entry Tata Steel is set to revise its offer for the Corus Group, that will exceed Brazil’s Companhia Siderurgica Nacional’s (CSN) takeover bid of 475 pence a share for...
An amendment that can boost M&A
An amendment that can boost M&A T. C. A. Ramanujam Revaluation of assets before merger will necessitate payment of huge stamp duties. That will mean coaxing various State governments to pass necessary laws for...
Moser picks up stake in US firm
Moser picks up stake in US firm Moser Baer Photo Voltaic (MBPV), a wholly owned subsidiary of Moser Baer India, has acquired minority stake in Stion Corporation, a nanostructures technology company based in California...
Thomas Cook equity shareholders & unsecured creditors approve Scheme of Amalgamation
Thomas Cook equity shareholders & unsecured creditors approve Scheme of Amalgamation Thomas Cook India Ltd has informed BSE that the Unsecured Creditors of the Company, at its Court convened meeting held on November...
Hampsons may acquire 100% in JV with Maini Precision
Hampsons may acquire 100% in JV with Maini Precision Maini Precision Products (MPP) is looking at exiting Hampson Maini, the joint venture with UK-based $275 million Hampson Industries. Maini Precision had entered into...
Cementing a deal
Cementing a deal Holcim’s moves are perfectly timed Holcim’s move to increase its stake in Gujarat Ambuja Cements Ltd (GACL) by acquiring another 3.7% speaks of the aggression with which the Zurich-based...
J&J to acquire Conor Medsystems for $1.4 bln
J&J to acquire Conor Medsystems for $1.4 bln Johnson & Johnson (JNJ.N: Quote, Profile, Research) said on Thursday it plans to acquire cardiovascular device company Conor Medsystems Inc. (CONR.O: Quote, Profile...
M&M in talks with German Co for majority stake
M&M in talks with German Co for majority stake Automaker Mahindra & Mahindra Ltd today said it is in talks with the promoters of Germany-based Schoeneweiss & Co GmbH to acquire a majority stake. In a...
Clear Channel agrees to $19bn takeover
Clear Channel agrees to $19bn takeover Clear Channel Communications, the largest US radio broadcaster, agreed to a leveraged buyout by Thomas H Lee and Bain Capital Partners that values the company at about $19bn. The...
RINL set to acquire majority stake in five ailing PSUs
Setting the ball rolling for Rashtriya Ispat Nigam (RINL) to acquire majority stakes three mining companies and two others, the Steel Ministry will soon send a proposal to the Cabinet on this. The five ailing state-run...
Ericsson to buy Nortel’s wireless biz for $1.13 bn
Ericsson is all set to acquire a major part of Nortel’s North American wireless business for $1.13 billion, after the Swedish firm emerged as the successful bidder for the bankrupt Canadian company’s CDMA...
