M&A

Karnataka HC annuls United Spirits’ stake sale to Diageo

Karnataka HC annuls United Spirits’ stake sale to Diageo

21 Dec 2013

Without going into the legalities of the stake sale, the court ruled that USL’s stock cannot be transferred without the consent of its creditors

Hong Kong’s PCCW to buy back CSL New World Mobility for $2.4 bn from Telstra

Hong Kong’s PCCW to buy back CSL New World Mobility for $2.4 bn from Telstra

20 Dec 2013

Telstra holds 74.6-per cent stake in CSL, while the remaining 23.4 per cent is held by New World, a Hong Kong-based property development and telecommunications company

AstraZeneca to acquire Bristol-Myers Squibb’s stake in diabetes business

AstraZeneca to acquire Bristol-Myers Squibb’s stake in diabetes business

20 Dec 2013

The acquisition will boost AstraZeneca's presence in the emerging markets, where diabetes is a fast-growing problem and by 2030, is expected to accout of two-thirds of the world's diabetic population

London-based Dr Sanjeev Kanoria acquires Austrian govt bank Hypo Alpe-Adria-Bank

20 Dec 2013

Blackstone signs agreement to sell stake in Emcure Pharmaceuticals to Bain Capital

20 Dec 2013

Bayer to acquire cancer drug maker Algeta

Bayer to acquire cancer drug maker Algeta

19 Dec 2013

Bayer and Algeta are partners in the sale of the prostate cancer drug Xofigo, which the US FDA had approved in May

Blackstone buys three US power plants from Direct Energy

Blackstone buys three US power plants from Direct Energy

19 Dec 2013

Blackstone has been interested in the power industry ever since it raised $2.5 billion last year for its first fund dedicated to investments in the energy sector

Sweden’s e-payment firm Klarna acquires Germany’s Sofort

19 Dec 2013

Facebook acquires SportsStream

18 Dec 2013

Future Group sells 22.5% in life insurance business to IITL for Rs1,500 crore

Future Group sells 22.5% in life insurance business to IITL for Rs1,500 crore

18 Dec 2013

The divestment leaves Future Group with a majority 52 per cent stake in Future Generali India Life Insurance

Yahoo acquires content delivery network PeerCDN

18 Dec 2013

S Africa’s Public Investment Corp stalls Chilean bid for drugmaker Adcock

18 Dec 2013

UK retailer Tesco set for India venture with Tatas

UK retailer Tesco set for India venture with Tatas

17 Dec 2013

Tesco, which already has a franchise agreement to provide support to Tata Group’s Trent's Star Bazaar chain, has sought approval from the Foreign Investment Promotion Board for the investment

Canada’s Valeant Pharma to acquire US-based Solta Medical for $250 mn

17 Dec 2013

AIG to sell aircraft leasing business to AerCap in $5.4-bn deal

AIG to sell aircraft leasing business to AerCap in $5.4-bn deal

16 Dec 2013

AIG will receive net cash proceeds of approximately $2.4 billion after the settlement of inter-company loans

Glaxo announces open offer to hike stake in Indian arm

Glaxo announces open offer to hike stake in Indian arm

16 Dec 2013

Betting on rising drug demand, GlaxoSmithKline Plc has earmarked around $1 billion to raise its stake in its Indian subsidiary to 75 per cent

Google acquires robotics firm Boston Dynamics

Google acquires robotics firm Boston Dynamics

16 Dec 2013

Boston Dynamics, the biggest name in Google’s most recent acquisitions might actually be the eighth robotics company purchased by Google in the last six months

SEBI may re-examine order on Jet-Etihad: report

14 Dec 2013

T-Mobile spurts after reports of Sprint considering bid: Report

14 Dec 2013

Coca-Cola to split North American business in two

13 Dec 2013

Torrent to buy Elder’s India, Nepal business for Rs2,000 crore

13 Dec 2013

Etihad eyes stake in Alitalia: report

Etihad eyes stake in Alitalia: report

12 Dec 2013

Etihad is reported to be currently examining Alitalia's books and is expected to decide on whether to take a stake or not before the year-end

India Inc’s M&As at $26.76 bn in June-November: Grant Thornton

11 Dec 2013

Volvo to sell North American machine rental business to Platinum Equity for $1.1 bn

11 Dec 2013

Etihad announces major expansion in India

Etihad announces major expansion in India

09 Dec 2013

Despite the litigation over the Jet-Etihad deal and the seat sharing agreement, Etihad is planning to double flights to Delhi, Mumbai, Hyderabad, Bengaluru and Chennai