M&A
Danone buys 5.9% stake in China Mengniu Dairy for $665 mn
12 Feb 2014
French diary major Danone will emerge become the second-biggest investor in China's largest milk producer, Mengniu Dairy, after the deal
Finance ministry calls off conciliation in Rs20,000-cr Vodafone tax case
12 Feb 2014
The union cabinet had, in June last year, approved a proposal for conciliation in the resolution of the tax issue relating to Vodafone’s capital gains from its acquisition of Hutchison Whampoa's stake in Hutchison Essar
L’Oréal to buy back 8% stake from Nestle for $8.88 bn
11 Feb 2014
Swiss food giant Nestle today agreed to sell its 8 per cent stake in L’Oréal back to the French cosmetics giant for $8.88 billion
Continental AG to buy US rival Veyance Technologies for $1.9 bn
11 Feb 2014
German tyre and car parts maker Continental AG expects to expand its global industrial business, particularly in the US and South America through the acquisition of Veyance
SC stays further transactions in United Spirits-Diageo deal
10 Feb 2014
The Supreme Court on Monday ordered "status quo” be maintained in the sale of United Spirits to British liquor group Diageo Plc till April
Vodafone close to tabling $9.54-bn bid for Spanish cable television provider ONO
10 Feb 2014
The potential acquisition is part of Vodafone's plan to expand into services such as high-speed Internet and television across Europe.
Nestle looks at options for stake in L'Oreal
10 Feb 2014
DLF sells Aman Resorts for Rs2,200 crore to pare debt
10 Feb 2014
DLF had bought a 97-per cent stake in Aman Resorts for $400 million in 2007, which it subsequently raised to 100 per cent
Thomas Cook, Sterling Holidays to merge in Rs870-cr deal
08 Feb 2014
The merger, which is expected to close by the fourth quarter of 2014, will give Thomas Cook access to Sterling Resorts' 19 properties in 16 holiday destinations across India
Vintage Capital launches hostile $2.3-bn bid for US rental chain Aaron's
08 Feb 2014
Private equity firm Vintage Capital Management yesterday launched an unsolicited $2.3-billion bid to buy US electronics and furniture rental chain Aaron's Inc
Woodside Petroleum to pay $2.6 bn for 25% stake in Israel's Leviathan gas field
07 Feb 2014
Woodside Petroleum Ltd, Australia’s second-largest oil producer, plans to buy a 25-per cent stake in Israel's Leviathan natural gas field from Noble Energy and its partner
IBM seeks buyers for semiconductor unit
07 Feb 2014
The semiconductor market remains one of the most competitive in the world, and IBM has recently seen its profits shrink in this division
Google acquires 5.94% stake in Lenovo for $750 mn
07 Feb 2014
The stake was acquired on the day Beijing-based Lenovo agreed to buy Google's Motorola handset division for $2.91 billion