Sekhsaria-Neotia sell 3.7% in Gujarat Ambuja for Rs 690 crore To capitalise on the fast-growing cement industry in India, the world’s second largest cement maker, Holcim of Switzerland, on Thursday hiked its stake...
Chemplast buys Egyptian co for $ 200 m
Chemplast buys Egyptian co for $ 200 m Company plans to buy majority stake in a German engineering firm, too In a strategic move for assured and cost-effective raw material supplies to its Indian operations, Chemplast...
MAN makes hostile bid for Scania
MAN makes hostile bid for Scania German truckmaker MAN launched a cash-and-share takeover offer for Swedish rival Scania on Thursday on the same terms it had previously proposed, going hostile after failing to clinch a...
More mergers may take off after Delta-US Air deal
More mergers may take off after Delta-US Air deal Whether or not US Airways manages to buy Delta Air Lines, more airline mergers could be on the way, analysts said. On Wednesday, US Airways Group said it was offering...
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...
United Phosphorus to buy Europe co
United Phosphorus to buy Europe co Chemicals and pesticides maker United Phosphorus Ltd. plans to buy a crop protection products maker in western Europe for ‘slightly higher’ than 100 million euros, a top...
Mahindra & Mahindra files application with German Federal Cartel office to acquire German Auto Components Company-Schoeneweiss & Co GmbH
Mahindra & Mahindra files application with German Federal Cartel office to acquire German Auto Components Company-Schoeneweiss & Co GmbH Mahindra & Mahindra Ltd has informed BSE that the Company is in...
AV Birla group sells another 3.9% in Idea
AV Birla group sells another 3.9% in Idea The Aditya Birla group has sold 1.25% stake in Idea Cellular to London-based Spinnaker Capital Group for around $35m and another 0.5% to Australia’s Macquarie for close to...
