M&A
ONGC’s $5-bn bid for stake in Kashagan oilfield hangs in balance
By By Ravi Kunder | 22 May 2013
ONGC will have to wait until 2 July to find out the fate of its proposed $5 -billion acquisition of ConocoPhillips 8.4-per cent stake in the giant Kashagan oilfield. Ravi Kunder reports
Sprint Nextel boosts takeover offer for Clearwire
22 May 2013
Sprint Nextel Corp, the third-largest wireless operator in the US, has sweetened its buyout offer by about 14 per cent for approximately 50-per cent stake that it does not currently own in rival Clearwire
Merck & Co to buy back $5-bn worth stock
22 May 2013
Merck, the second-largest US drugmaker, will repurchase about 99.5 million shares from Goldman Sachs at current market prices
3i makes a 2.3x return on the sale of Xellia
21 May 2013
Vista Equity to buy net security firm Websense for $907 mn
21 May 2013
US online security firm Websense Inc yesterday agreed to be taken private by Vista Equity Partners for about $907 million.
Actavis to acquire Irish specialty drug maker Warner Chilcott for $5 bn
20 May 2013
Warner Chilcott makes a range of products that include well-known oral contraceptives Loestrin 24 FE, Femcon FE and Ovcon
China buys stakes in key Australian power assets
18 May 2013
The world's biggest utility company by revenue, State Grid Corp of China (SGCC), which is also the world's seventh-largest company, is planning to buy stakes in Australian power assets worth billions of dollars
Yahoo board to consider $1.1-bn bid for blogging service Tumblr
18 May 2013
Yahoo's board will meet on Sunday to decide whether to offer $1.1 billion in cash for blogging service Tumblr
Ousted from Citi, Vikram Pandit returns to Indian roots
17 May 2013
Former Citigroup chief executive Vikram Pandit will spearhead the proposed banking venture of Nimesh Kampani’s JM Financial, while also making a strategic investment in the financial services group
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