M&A
Textron to acquire Beechcraft for $1.4 bn
28 Dec 2013
India’s Mahindra & Mahindra and Brazil’s Embraer had also shown interest in Beechcraft, after the deal to sell the company to China’s Superior Aviation Beijing Ltd for $1.79 billion collapsed
Telenor’s hike in Telewings stake to 74% is finalised
27 Dec 2013
Norway-based telecom services company Telenor today announced that it has raised its stake in its Indian arm Telewings Communications to 74 per cent with an investment of about Rs1,000 crore
Seagate to acquire Xyratex
26 Dec 2013
News Corp acquires Storyful
21 Dec 2013
Karnataka HC annuls United Spirits’ stake sale to Diageo
21 Dec 2013
Without going into the legalities of the stake sale, the court ruled that USL’s stock cannot be transferred without the consent of its creditors
Hong Kong’s PCCW to buy back CSL New World Mobility for $2.4 bn from Telstra
20 Dec 2013
Telstra holds 74.6-per cent stake in CSL, while the remaining 23.4 per cent is held by New World, a Hong Kong-based property development and telecommunications company
AstraZeneca to acquire Bristol-Myers Squibb’s stake in diabetes business
20 Dec 2013
The acquisition will boost AstraZeneca's presence in the emerging markets, where diabetes is a fast-growing problem and by 2030, is expected to accout of two-thirds of the world's diabetic population
Bayer to acquire cancer drug maker Algeta
19 Dec 2013
Bayer and Algeta are partners in the sale of the prostate cancer drug Xofigo, which the US FDA had approved in May
Blackstone buys three US power plants from Direct Energy
19 Dec 2013
Blackstone has been interested in the power industry ever since it raised $2.5 billion last year for its first fund dedicated to investments in the energy sector