M&A
Inmarsat gets $3.3 bn takeover offer from buy-out funds
26 Mar 2019
The transatlantic consortium of private investment funds includes Apax Partners LLP of the UK, Canada Pension Plan Investment Board, Ontario Teachers’ Pension Plan Board and Warburg Pincus International LLC of the US
Jet Airways founder-chairman Naresh Goyal steps aside
25 Mar 2019
Twenty-five years after founding Jet Airways, Naresh Goyal and his wife Anita Goyal will exit the board of the airline, allowing lenders led by State Bank of India to infuse Rs1,500-crore funds into the beleaguered carrier
Mindtree board rejects L&T’s Rs10,733-cr hostile bid
19 Mar 2019
The board of Mindtree said they saw no strategic advantage in the transaction and believed that it would be “value destructive for all shareholders,” but said it would deliberate over the L&T proposal tomorrow
Co-founder Bagchi returns to save Mindtree from L&T’s takeover bid
18 Mar 2019
Larsen & Toubro is reported to be now offering as much as Rs7,000 crore for a 20.4 per cent stake in Mindtree, currently held by its largest shareholder V G Siddharth, against its earlier offer of about Rs3,000 crore
Brookfield to acquire RIL’s East-West pipeline for Rs13,000 crore
15 Mar 2019
RIL, however, will continue to stay invested in the East-West pipeline with preference shares valued at Rs4,000 crore converted into equity at the end of 20 years, and will be entitled to a significant participation in its net earnings
GE to sell biopharma business to Danaher for $21.4 billion
26 Feb 2019
The reversal of an earlier decision not to sell the biopharma business will accelerate GE’s strategy to reduce leverage and strengthen its core healthcare businesses thereby strengthening its balance sheet
Hindalco tapping bank funds to finance acquision of Aleris Corp
14 Feb 2019
The acquisition of Aleris will provide Hindalco access to high-growth sectors, including automotive and transportation, and help enter the aerospace and defence sectors
Euronext hints at sweetening offer for Oslo Bors
06 Feb 2019
Qatar Petroleum, ExxonMobil in $10-bn LNG export project
06 Feb 2019
The project, involving investment of more than $10 billion, will create thousands of jobs and produce 16 million tonnes of liquefied natural gas annually, offering reliable LNG supplies to global markets
IDBI Bank to become LIC IDBI Bank or LIC Bank
05 Feb 2019
New FDI rules could force Walmart to exit Flipkart: Morgan Stanley
05 Feb 2019
Effective 1 February, e-commerce platforms cannot sell their own products or brands that are directly or indirectly owned by them or make more than 25 per cent of their sales from private labels
South Korea to merge HHI and Daewoo in $2 bn share deal
05 Feb 2019
Hyundai will acquire a 55.7 per cent stake currently owned by state-funded Korea Development Bank (KDB) to create a global leader controlling over 20 per cent of the global shipbuilding market
Canada’s Sunrise Records joins bid for HMV
04 Feb 2019
Sunrise Records, which had previously taken over around 70 HMV store sites in Canada in early 2017, will now vie with billionaire Mike Ashley, who controls British sportswear retailer Sports Direct International Plc, in the HMV rescue effort
NCLT clears Airtel’s acquisition of Tata Tele
22 Jan 2019
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