M&A
AT&T drops proposed $39-bn T-Mobile USA takeover
20 Dec 2011
US regulators, lawmakers and AT&T's rivals opposed the proposed merger saying a merged AT&T - T Mobile would kill competition and lead to higher prices for consumers
Saudi prince Alwaleed bin Talal acquires $300-mn stake in Twitter
19 Dec 2011
Saudi billionaire Prince Alwaleed bin Talal and his Kingdom Holding Company have acquired a strategic stake in microblogging site Twitter for $300 million
United Rentals to buy RSC Holdings for $4.2 billion
16 Dec 2011
United Rentals is buying its smaller rival RSC Holdings in a $4.2 billion deal that will create the largest rental equipment company in North America
ANZ to sell Oswal stake in Burrup Fertilisers to Apache for $560 mn
16 Dec 2011
ANZ has struck a deal to sell a 65-per cent stake in Australia’s Burrup Fertilisers to US energy company Apache Energy for a discounted $560 million, the ammonia company formerly controlled by the Oswal family
Covidien plans to spin off pharmaceuticals business
16 Dec 2011
Covidien’s $2 billion pharmaceuticals business is among the top 10 generic drug makers in the US