M&A
Google may get into bidding war with Facebook for Waze
24 May 2013
Google Inc is weighing plans of buying Israeli mobile satellite navigation start-up Waze Inc, a move that may trigger a bidding war with Facebook, which has offered $1 billion
SEBI, CCI seek clarity on Jet-Etihad deal
23 May 2013
While SEBI is worried that the stock purchase has been kept at 24 per cent to skirt the mandatory open offer, CCI is concerned that the stake sale seems to give Etihad a larger hold on the domestic airline
ONGC’s $5-bn bid for stake in Kashagan oilfield hangs in balance
By By Ravi Kunder | 22 May 2013
ONGC will have to wait until 2 July to find out the fate of its proposed $5 -billion acquisition of ConocoPhillips 8.4-per cent stake in the giant Kashagan oilfield. Ravi Kunder reports
Sprint Nextel boosts takeover offer for Clearwire
22 May 2013
Sprint Nextel Corp, the third-largest wireless operator in the US, has sweetened its buyout offer by about 14 per cent for approximately 50-per cent stake that it does not currently own in rival Clearwire
Merck & Co to buy back $5-bn worth stock
22 May 2013
Merck, the second-largest US drugmaker, will repurchase about 99.5 million shares from Goldman Sachs at current market prices
3i makes a 2.3x return on the sale of Xellia
21 May 2013
Vista Equity to buy net security firm Websense for $907 mn
21 May 2013
US online security firm Websense Inc yesterday agreed to be taken private by Vista Equity Partners for about $907 million.
Actavis to acquire Irish specialty drug maker Warner Chilcott for $5 bn
20 May 2013
Warner Chilcott makes a range of products that include well-known oral contraceptives Loestrin 24 FE, Femcon FE and Ovcon