M&A
Loop Mobile denies report of being up for sale
25 Oct 2012
Archer Daniels launches $2.77-bn bid for rival Graincorp
22 Oct 2012
US agriculture giant Archer Daniels Midland has launched a $2.77 billion cash bid for Australian rival Graincorp, as part of its plan to expand outside the US
JSPL close to acquiring West African iron ore mine for around $2 bn
22 Oct 2012
After terminating a $2.1-billion iron ore development deal in Bolivia this year, Jindal Steel & Power Ltd (JSPL), controlled by billionaire politician Naveen Jindal, is close to acquiring an iron ore mine in West Africa for $2 billion.
ArcelorMittal bids for ThyssenKrupp’s Americas steel business
22 Oct 2012
ArcelorMittal, the world’s largest steelmaker, is among eight bidders in the race for ThyssenKrupp’s unprofitable US and Brazilian plants
Sprint Nextel buys controlling stake in Clearwire Corp
20 Oct 2012
Clearwire is the fifth-largest wireless carrier in the US providing services to 88 markets in the country covering 134 million subscribers
Russia’s Rosneft nears deal for BP’s TNK-BP stake
19 Oct 2012
The combination of Rosneft and TNK-BP would create the world’s largest investor-owned oil company, surpassing US giant ExxonMobil with a production capacity of over 4 million barrels of oil equivalent per day
Indian Hotels to make $1.86 billion bid for Orient Express
18 Oct 2012
Orient Express had rejected a 2007 attempt by Indians Hotel to acquire a significant stake in the company, denying any strategic fit between “a predominantly domestic Indian hotel chain and a global portfolio of luxury hotels”