M&A
AT&T drops proposed $39-bn T-Mobile USA takeover
20 Dec 2011
US regulators, lawmakers and AT&T's rivals opposed the proposed merger saying a merged AT&T - T Mobile would kill competition and lead to higher prices for consumers
Saudi prince Alwaleed bin Talal acquires $300-mn stake in Twitter
19 Dec 2011
Saudi billionaire Prince Alwaleed bin Talal and his Kingdom Holding Company have acquired a strategic stake in microblogging site Twitter for $300 million
United Rentals to buy RSC Holdings for $4.2 billion
16 Dec 2011
United Rentals is buying its smaller rival RSC Holdings in a $4.2 billion deal that will create the largest rental equipment company in North America
ANZ to sell Oswal stake in Burrup Fertilisers to Apache for $560 mn
16 Dec 2011
ANZ has struck a deal to sell a 65-per cent stake in Australia’s Burrup Fertilisers to US energy company Apache Energy for a discounted $560 million, the ammonia company formerly controlled by the Oswal family
Covidien plans to spin off pharmaceuticals business
16 Dec 2011
Covidien’s $2 billion pharmaceuticals business is among the top 10 generic drug makers in the US
Saint Gobain to buy iron pipes business from Electrotherm (India) for Rs950 crore
15 Dec 2011
French building materials maker Saint Gobain will acquire Electrotherm (India) Ltd's ductile iron pipes business for Rs950 crore ($176.9 million), in a bid to strengthen its global pipes business
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