M&A
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
Carl Icahn launches $2.6-bn bid for CVR Energy
17 Feb 2012
Icahn, the largest shareholder in CVR Energy with a 14.5-per cent stake, wants a change in the entire board of oil refiner and fertilizer maker CVR Energy
Marico stock up 4 per cent on Paras Pharma
16 Feb 2012
Deutsche Telekom mulls selling UK joint venture
16 Feb 2012
Former Olympus chairman, six others arrested in Japan
16 Feb 2012
Tsuyoshi Kikukawa, the former chairman, resigned late last year after Briton Michael Woodford, a former CEO, blew the whistle on the scam in the Japanese company
BP cuts book value of its RIL holding by over 10%
16 Feb 2012
BP's move follows hard on the heels of a top petroleum ministry official saying that Reliance’s Krishna-Godavari D6 offshore fields may see production drop to an all-time low of about 27 units day by April