M&A
Minority shareholders reject Ruias’ $1.5-bn Essar Energy buy-out offer
24 Feb 2014
Minority shareholders in Essar Energy have rejected a $1.5 billion (£900 million) bid by majority shareholder Ruias to acquire 22- per cent shares of the company saying the offer undervalued the group
Bayer close to bagging cancer drug maker Algeta for $2.9-bn
24 Feb 2014
German healthcare major Bayer AG today said that it is close to completing its $2.9-billion acquisition of Algeta, after 92.17 per cent shareholders of the Norwegian cancer drug maker tendered their shares to the offer
Minority shareholders of Swedish truck maker Scania reject VW $9.21 bn bid
24 Feb 2014
Scania is one of the world's leading manufacturers of trucks and buses for the heavy transport industry, and of industrial and marine engines
MasterCard to buy Sam Pitroda’s US-based mobile wallet tech firm C-SAM
24 Feb 2014
The acquisition will allow New York-based MasterCard to speed the development and deployment of mobile wallets and payment solutions globally, including the rollout of its MasterPass digital service
Google acquires ad-fraud detection specialist Spider.io
22 Feb 2014
The acquisition will help Google to instill confidence among its advertisers that the money they are spending on online ads are for their ads being clicked on by real people and not by botnets
Activist investor Nelson Peltz renews call to split PepsiCo
21 Feb 2014
Activist investor Nelson Peltz has once renewed his campaign to split up PepsiCo, a week after the food and beverage giant headed by CEO Indra Nooyi said that it would not spin off its North-American beverage business
Airtel to move Nigeria’s SC after losing $3-mn dispute in Lagos high court
21 Feb 2014
Bharti Airtel said the disputed shares are in an escrow account and the judgement would have no impact on the stake of Bharti Airtel or other Airtel Nigeria shareholders
Shell to sell Australian downstream businesses to Swiss-based oil trader Vitol for $2.6 bn
21 Feb 2014
Shell has recently sold its refineries in the UK, Germany, France, Norway and the Czech Republic, downstream businesses in Egypt, Spain, Greece, Finland and Sweden to focus on upstream exploration and production
Bayer, Novartis, Reckitt Benckiser, P&G in fray for Merck & Co's consumer healthcare unit
20 Feb 2014
Bayer, Novartis, Reckitt Benckiser, and Procter & Gamble are among the companies that are exploring a deal to buy Merck &Co's consumer healthcare unit
Facebook to buy smartphone-messaging app WhatsApp for a staggering $16 bn
20 Feb 2014
The WhatsApp deal is the biggest in the internet industry after the whopping $124-billion merger between AOL and Time Warner merger in 2001
Actavis to acquire Forest Laboratories for $25 billion
19 Feb 2014
The deal, the largest in the pharmaceutical sector so far this year, will create a specialty pharmaceuticals giant
China’s Dongfeng, French govt invest $2.2 bn in Peugeot Citroen
19 Feb 2014
The Peugeot family will lose full control of the carmaker after Dongfeng and the French government buy 14 per cent each in Peugeot Citroen for $1.1 billion each