M&A
Carl Icahn corners Clorox with 13-bn bid
21 Jul 2011
Activist-investor Carl Icahn yesterday raised his unsolicited bid for Clorox to $13 billion and offered to place $5.2 billion in an escrow account signalling his ability to finance the deal
Ecolab, Nalco to merge in $8.1-bn deal
20 Jul 2011
US cleaning products giant Ecolab Inc today said that it will buy industrial water treatment company Nalco Holding Co in a deal valued at around $8.1 billion including debt
Komli Media buys mobile advertiser Zestadz
20 Jul 2011
Clorox rejects Icahn's $12.6-bn bid, adopts shareholder rights plan
19 Jul 2011
Icahn, who is the company's largest investor with a 9.4-per cent stake, had last week put Clorox into play in a bid to flush out prospective buyers, with his $12.6-billion bid
Cisco to axe 6,500 jobs; to sell set-top box facility to Foxconn
19 Jul 2011
Cisco Systems yesterday announced that it would reduce costs by $1 billion and cut 6,500 jobs or approximately 9 per cent of its total workforce, in a restructuring aimed at reviving its sagging business