M&A
Eli Lilly to buy Armo BioSciences for $1.6 bn
11 May 2018
US pharmaceutical company Eli Lilly and Co yesterday struck a deal to buy Armo BioSciences Inc for about $1.6 billion in order to strengthen its immuno-oncology portfolio
SoftBank still undecided on sale of Flipkart stake to Walmart
11 May 2018
Despite earlier statements treating the Flipkart-Walmart deal as final, SoftBank’s Masayoshi Son is now reported to be having second thoughts on selling his company's stake in the ecommerce firm
Fortis Healthcare accepts investment offer of Rs. 1,800 cr from Hero-Burman
11 May 2018
It is unclear as to who will run the hospital chain, as neither Dabur nor the Hero group have any previous experience in managing hospitals, unlike rival hospital group or Manipal TPG, Radiant LifeCare or Malaysia's IHH, all of whom were in the fray for Fortis
SABIC plans to buy ONGC’s stake in OPaL
10 May 2018
For $16 bn Walmart bags Flipkart
10 May 2018
The acquisition of the majority stake makes the $500-billion Walmart the largest shareholder of the Flipkart group and help it emerge the undisputed leader in ecommerce
Takeda Pharmaceutical to buy larger Irish rival Shire for $62 bn
08 May 2018
In one of the biggest deals in the pharmaceutical industry's history and the biggest international takeover by a Japanese company, Takeda Pharmaceutical today struck a deal to buy its larger Irish rival Shire Plc for $62 billion
Comcast seeks to upset Walt Disney's bid for Twenty-First Century Fox
08 May 2018
US cable operator Comcast Corp has approached investment banks to increase a bridge financing facility by $60 billion to outbid Walt Disney for the media assets of Twenty-First Century Fox
Walmart to announce Flipkart deal this week, to acquire 70-75% stake with Google
08 May 2018
Retail major Walmart along with Google's parent Alphabet are expected to announce their acquisition of Flipkart,, India's largest e-commerce business, before the end of this week
After IHH and Hero-Burman, Manipal-TPG too sweetens offer for Fortis
07 May 2018
Manipal Health Enterprises, backed by US PE firm TPG, has revised its offer for Fortis Healthcare, now proposing a merger of both entities in a three-step deal that values the Fortis at Rs8,358 crore or around Rs160 per share
Flipkart turns itself into a private firm ahead of Walmart deal
07 May 2018
With a second buyback of shares from investors worth $350.46 million, Indian online retail major Flipkart has turned from a holding company into a private firm in Singapore where it is registered
Sachin Bansal likely to quit Flipkart if Walmart stake sale goes through
04 May 2018
While Binny Bansal is likely to sell about a tenth of his shares in Flipkart, it is not clear how much Sachin Bansal, who holds about 5.5 per cent stake in Flipkart, will sell
NCLT orders Binani lenders to consider UltraTech offer
03 May 2018
The tribunal pointed out that while the UltraTech offer was not legally binding, nothing prevented the CoC from accepting a superior bid from UltraTech, which offered Rs1,022 crore more to the lenders
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