M&A
GMR Group to sell 74% stake in expressway to IIF to raise equity
18 Sep 2013
Infrastructure group GMR will divest 74-per cent stake in GMR Ulundurpet Expressways Private Limited, as it pursues its 'asset light' strategy
ONGC, Shell may block China’s Sinochem's Brazilian offshore oil block bid
17 Sep 2013
ONGC and Shell are likely to exercise their right of first refusal, with the Anglo-Dutch giant raising its stake by 20 per cent to 25 per cent, and OVL taking another 10 per cent and 15 per cent
Packaging Corp to buy rival Boise for $1.27 bn
17 Sep 2013
UK government to sell 6% stake in Lloyds Banking Group
17 Sep 2013
The British government yesterday said that it will sell about 6 per cent of part-nationalised Lloyds Banking Group, worth about £3.3 billion ($5.3 billion) via an institutional investor placement
Apollo Tyres' $2.5-bn acquisition of Cooper Tire hits union hurdle
16 Sep 2013
An arbitrator has ruled that Cooper cannot sell two plants in the US to Apollo unless the Indian company first reaches an agreement with the workers of those plants
Lockheed Martin acquires British IT Amor Group
13 Sep 2013
Dell shareholders approve Michael Dell's $25-bn offer
13 Sep 2013
Dell Shareholders today approved Michael Dell's offer to take the company private for $25 billion, ending six months of bitter opposition from billionaire activist investor Carl Icahn
Time Inc acquires American Express Publishing Corp
12 Sep 2013
New York-based AmEx has been compelled to sell its magazines unit since US banking regulations bar financial firms from undertaking non-financial activities
UltraTech to buy 51% in Jaypee Cement unit for Rs4,000 crore
11 Sep 2013
The Aditya Birla Group firm will acquire a 51-per cent stake in Jaypee Cement’s 5 million tonne per annum Gujarat facility
Cisco enters data storage business with Whiptail acquisition
11 Sep 2013
With this acquisition, though Cisco will enter the $50-billion enterprise storage industry, the deal could affect its existing partnerships EMC and NetApp, both of whom make storage systems-based on flash memory chips