M&A
Mahindra Satyam details FY09, FY10 losses
29 Sep 2010
Mahindra Satyam today reported a net loss of Rs8,177 crore in FY09 and Rs125 crore during FY10.
ITC denies reports of hotels merger with EIH
29 Sep 2010
Goldman funds acquire Endesa's Spanish gas assets for $1.1 bn
29 Sep 2010
Italian energy giant Enel SpA’s Spanish subsidiary Endesa SA will sell 80-per cent stake in its arm Endesa Gas SA to two infrastructure funds operated by Goldman Sachs.
AOL to acquire tech blog TechCrunch websites
29 Sep 2010
Once the toast of US Inc, the then celebrated AOL, which faded into oblivion with its audacious but ill-fated acquisition of Time Warner, now hopes to emerge a tech publishing leader.
South African union opposes Wal-Mart's $4.2 billion bid for Massmart
28 Sep 2010
Wal-Mart has one of the worst records on labour rights and continues to be hauled to courts by its employees, according to Cosatu, South Africa's largest union.
IBM to acquire BLADE Network Technologies
28 Sep 2010
Tata Steel to finalise $5.4-bn Corus debt refinance
28 Sep 2010
Tata Steel, which is nursing a debt of around $9.5 billion is planning to refinance around $4.5-5.5 billion of its outstanding European loans
Russia’s Lukoil buys back stake from ConocoPhillips for $2.4 billion
28 Sep 2010
Lukoil bought just enough shares to avoid potential third-party investors joining the company’s board by accumulating the shares
Corus becomesTata Steel
28 Sep 2010
The re-branding will bring to an end to the 11 year-old Corus brand after British Steel merged with the 81 year-old Netherlands-based Koninklijke Hoogovens in 1999
Wal-Mart launches $4.2 billion takeover bid for South Africa’s Massmart
27 Sep 2010
The world’s largest retailer Wal-Mart has made a $4.2-billion takeover offer for South Africa’s s biggest food and general goods wholesaler, Massmart
Unilever to buy Alberto Culver for $3.7-bn in cash
27 Sep 2010
The acquisition will pit Unilever in direct competition in the hair and skin beauty care segment with long time rival Procter & Gamble in the North American market
Louis Dreyfus, Olam in merger talks to form $15-bn trading giant
27 Sep 2010
The merged business would have a market value of approximately $15 billion and a dominant trading position in cotton, rice, and coffee and a substantial share in the wheat, corn, sugar, cocoa, and oil seeds market.