M&A
BP signs $7.8-bn strategic alliance with Roseneft for Arctic resources
15 Jan 2011
The British oil giant has signed a broad alliance with Russia's state-owned oil company, Rosneft, to explore the Arctic, one of the world's last remaining unexplored basins
ArcelorMittal to jointly bid with rival Nunavut for Canadian miner Baffinland
15 Jan 2011
In a move that surprised the industry, ArcelorMittal and Nunavut yesterday made a joint cash bid for Baffinlan
Murdoch’s bid for BSkyB faces further probes
14 Jan 2011
US government to challenge Google's ITA Software takeover
14 Jan 2011
Federal antitrust lawyers are examining whether the acquisition of ITA would give Google too much hold over the online travel industry
GE to acquire former Tyco arm Lineage Power for $520 million
14 Jan 2011
The deal will give GE Energy entry into the $20-billion power conversion segment
Big banks not always the best, admits RBI's Gokarn
13 Jan 2011
After having promoted a series of mergers and consolidation among public sector banks in the recent past, the Reserve Bank of India seems to have veered around to the view that big banks are not necessarily the safest... or best
Hugh Hefner to take Playboy private with sweetened $207-mn offer
11 Jan 2011
Hugh Hefner is taking the gentleman's racy Playboy magazine that he launched in 1953 private, after its publisher Playboy Enterprises Inc (PEI) agreed to his sweetened offer of around $207 million
iGate makes open offer for 20.6 per cent stake in Patni Computers
11 Jan 2011
US-based iGate, which on Monday struck a deal to acquire Patni Computer Systems, today made an open offer for a 20.6-per cent stake in the company
Duke Energy to acquire Progress Energy for $13.7-bn
11 Jan 2011
The $13.7-billion all-stock deal is expected to create the largest utility company in the US with a combined market capitalisation of over $36-billion
ABB extends $4.2-bn takeover offer for Baldor Electric
11 Jan 2011
Swiss power and automation technology group ABB Ltd, yesterday extended its closing date for its $4.2-billion tender offer for US-based electrical motor maker Baldor Electric Company to 19 January