M&A
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.
Oracle to acquire cloud-based customer service firm RightNow for $1.5 bn
24 Oct 2011
Enterprise software developer Oracle Corp today said that it will buy cloud-based customer service company RightNow Technologies Inc for around $1.5 billion.
Bank of Nova Scotia to buy majority stake in Colombia's Banco Colpatria for $1 billion
20 Oct 2011
The deal gives Scotiabank a large retail banking presence in Colombia with 175 branches and 308 ATMs