M&A
Tata Steel UK sells long products business to Greybull
11 Apr 2016
Tata Steel UK Limited today announced the signing of an agreement to sell its loss-making long products business to a family-controlled investment firm, Greybull Capital
Shareholders approve Starwood Hotels - Marriott merger
11 Apr 2016
Shareholders of Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc have approved the $13.6-billion cash-and-stock merger deal to create the world's largest hotel operator
Daily Mail explores bid for Yahoo
11 Apr 2016
London-based Daily Mail, whose business interest include media, energy, education, insurance, and property, is interested in Yahoo’s news and media properties
Airtel buys Aircel’s 4G spectrum for Rs3,500-cr to operate pan-India
09 Apr 2016
Airtel has made three acquisitions over past two-three years, including last month’s Rs4,428-cr acquisition of Videocon’s 4G spectrum in the 1800 MHz band in six circles, to equip itself for competition with Ambani startup Reliance Jio
Income-Tax Dept to contest HC order in Vodafone case
08 Apr 2016
The union government has decided to file an appeal before the Supreme Court contesting a major portion of the Bombay High Court order in the Rs8,500-crore Vodafone call centre case
UK minister Sajid Javid meets Tatas’ Mistry in Mumbai
07 Apr 2016
UK business secretary Sajid Javid had a two-hour meeting on Thursday with Tata chief Cyrus Mistry and other officials to discuss the contours of the sale of Tata Steel’s UK assets, with the British government anxious to avoid job losses
Pfizer calls halt to $160bn merger with Allergan: report
06 Apr 2016
The decision comes after the US Treasury unveiled new rules that proposed to limit companies’ ability to participate in inversion transactions if they have been engaged in acquisitions within the past 36 months
Future Group completes all-cash buyout of FabFurnish
06 Apr 2016
The all-cash transaction will see the Future Group bring its entire portfolio of home furnishings and decor business under the FabFurnish brand, while also mixing e-business with brick-and-mortar
New Treasury rules threaten Allergan-Pfizer merger
05 Apr 2016
The US Treasury Department has framed new rules to throttle ‘inversions’, in a move seen to be directly prompted by the proposed Allergan-Pfizer merger, which would create the world’s biggest drug firm
Blackstone to acquire Mphasis in a Rs7,701 cr deal
04 Apr 2016
The acquisition of Mphasis is Blackstone's largest acquisition in India and the largest private equity transaction in the country