M&A
Cable king Patrick Drahi’s Altice seals $9.1 bn buyout of Oi’s Portuguese assets
10 Dec 2014
Altice, a multinational cable and telecommunications company with a presence in France, Israel, Belgium and Luxembourg, Portugal, French West Indies / Indian Ocean Area and Dominican Republic and Switzerland beat a rival bid by PE firms Apax Partners and Bain Capital
Merck & Co to buy Cubist Pharmaceuticals for $8.4 bn
10 Dec 2014
Merck expects the acquisition to add more than $1 billion of revenue after closing in the first quarter, but will be neutral to non-GAAP earnings per share until 2016
Reliance’s ‘Only Vimal’ half sold to China’s Shandong Ruyi
09 Dec 2014
RIL’s textile business, which operates under the well-known brand ‘Vimal’, is the founding business of RIL while Ruyi is a leading textile company in China with revenues in excess of $3 billion and a global presence
Sun Pharma, Ranbaxy merger deal gets conditional CCI nod
09 Dec 2014
The CCI has asked the two companies to sell off seven brands with combined sales of less than Rs50 crore and market share of 60 to 80 per cent, which the regulator felt, would adversely affect competition
Singapore’s Global Logistic, GIC to invest $8.1 bn in US logistics portfolio
08 Dec 2014
Global Logistic is the leading provider of modern logistics facilities in China, Japan and Brazil
Merck & Co in talks to buy Cubist Pharmaceuticals for more than $7 bn
06 Dec 2014
Cubist Pharmaceuticals develops drugs for potentially life-threatening infections caused by dangerous bacteria categorised as serious and urgent public health threats
ICICI Bank to exit Russia with sale of banking unit to lender Sovcombank
06 Dec 2014
ICICI Bank, India’s largest private-sector lender, plans to sell its Russian subsidiary ICICI Bank Eurasia Limited Liability Company to Sovcombank, a mid-sized Russian bank, for an undisclosed sum
Canary Wharf owner Songbird rejects revised $4.07 bn bid from QIA and Brookfield
05 Dec 2014
London's prestigious Canary Wharf owner Songbird Estates today rejected a sweetened £2.6 billion bid from Qatar Investment Authority and Brookfield Property Partners
GSK abandons sale of older drugs portfolio
05 Dec 2014
QIA - Brookfield Property raise bid for Songbird Estates to £2.6 bn
05 Dec 2014
Qatar Investment Authority and Brookfield Property Partners yesterday raised their bid for London's prestigious Canary Wharf owner Songbird Estates to £2.6 billion
Barnes & Noble to buy Microsoft's 17% stake in Nook e-reader unit
05 Dec 2014
The largest US bookstore chain, Barnes & Noble Inc operates Nook, one of the web's largest e-commerce sites, which features more than two million titles for its electronic reader, Nook Bookstore
Australian broadcaster Ten Network attracts several prospective buyers
04 Dec 2014
Beleaguered Australian broadcaster Ten Network Holdings yesterday confirmed that several parties have shown interest in taking control of the group