M&A
Shriram to foray into cement via Jayajothi takeover
21 Feb 2012
The Shriram Group is set to enter the cement manufacturing industry by acquiring a majority stake in Andhra Pradesh-based cement manufacturer Sree Jayajothi Cements Ltd by converting part of its outstanding dues into equity
TNT Express rejects UPS's $6.43-bn takeover offer
18 Feb 2012
Both companies say they are still in talks, and TNT will give an update on its overall strategy on 21 February, when it reports fourth-quarter results
Advent, Goldman Sachs to acquire TransUnion Corp for over $3 bn
18 Feb 2012
In one of the largest private equity deals of the year, Advent and a Goldman Sachs will pay more than $900 million in cash and about $2.2 billion of new and existing debt for TransUnion Corp
Shanghai launches $7.9-bn yuan fund to aid overseas acquisitions
17 Feb 2012
The provincial government of Shanghai has launched a $7.9 billion fund to aid Chinese companies to make overseas acquisitions as part of Beijing’s plan to internationalise the yuan