M&A
HSBC to acquire 73.21 per cent stake in brokerage IL&FS for Rs1000 crore
17 May 2008
Europe's biggest bank HSBC is acquiring a 73-per cent stake in IL&FS Investmart for Rs1000 crore
Tata Teleservices looking to sell 49 per cent of tower business for Rs8,200 crore; SREI's Quippo may be likely buyer
17 May 2008
Tata Teleservices is selling a minority 49-per cent stake in Wireless Tata Telecom Infrastructure, for an estimated Rs8,200 crore.
Icahn seeks FTC clearance to acquire $2.5 billion worth Yahoo! stock; threatens proxy fight
16 May 2008
Billionaire investor Carl Icahn has sought clearance from the Federal Trade Commission to acquire up to approximately $2.5 billion worth of Yahoo stock in preparation for his proxy fight to oust the board.
Bharti closer to $20-billion MTN deal as major shareholder Mikati expresses confidence
10 May 2008
Former Lebanese prime minister Najib Mikati's London-based MI Group, a major shareholder in MTN, is reported to have expressed confidenc in Sunil Mittal's proposed acquisition of the African and Middle East telecom operator MTN.