M&A
BHP Billiton, Mitsubishi to invest $4.2 bn in Australian coking coal projects
01 Nov 2011
The project will initially add 8 million tonnes of coking coal a year and later expand to 10 million tonnes a year.
TNK-BP confirms deal to buy 45-% stake in Brazilian exploration blocks for $1 bn
01 Nov 2011
The deal, which had been under negotiations, will lead to the biggest upstream overseas investment by TNK-BP.
Valero Energy stock plummets after RIL denies acquisition rumours
01 Nov 2011
The stock price of US-based Valero Energy plummeted 7 per cent yesterday after Reliance Industries scotched rumours that it planned to buy the company.
Japanese premier expresses concern over Olympus scam
31 Oct 2011
Japanese prime minister Yoshihiko Noda has admitted that the scandal relating to controversial payments made by camera-maker Olympus could tarnish his country’s image.
Omnicom acquires 51-% stake in Anil Ambani's Mudra Group
31 Oct 2011
The $12.5-billion marketing and communications firm Omnicom Inc, yesterday acquired a majority 51-per cent stake in Anil Ambani-owned advertising and communications business Mudra Group.
Peabody, ArcelorMittal acquire majority stake in Macarthur Coal
25 Oct 2011
Peabody Energy and ArcelorMittal have completed their takeover of Australia’s Macarthur Coal by securing a majority 59.85-per cent stake in the world's biggest producer of pulverised coal.
US health insurer Cigna to buy medicare firm HealthSpring for $3.8 bn
25 Oct 2011
Cigna is acquiring HealthSpring at a 37-per cent premium to gain a ready platform for selling Medicare plans for the elderly.