Canada's Natural Resources Minister reiterated that only 'strategic' and under 'exceptional circumstances' would state backed enterprises be allowed to takeover in Canada.
Leveraged Buyouts
PT Dyviacom Intrabumi Is Raising Funds for Expansion
PT Dyviacom Intrabumi is raising funds for expansion plans. PT Dyviacom Intrabumi, the Indonesian Internet service provider is aiming to raise 7 trillion rupiah or US$720.
IAG Acquires Vueling for Eur123.5 million
IAG purchases Vueling at Eur9.25 per share totalling Eur123.5 million. The Spanish stock market authority announced last Tuesday that IAG airline had enough bid acceptances to gain control of the airline Vueling.
Affin Holdings Not Subject to Takeover Negotiations
Affin Holdings squelched rumors as to the supposed takeover bid by AMMB Holdings. Affin Holdings Bhd has squashed speculations that it is discussions with AMMB Holdings Bhd regarding AMMB's acquisition of the company.
Sprint forms Special Committee
Sprint-Nextel's board of directors has formed a special committee to evaluate the bid made by Dish Network.
Latest News
CA Technologies confirms news reports that it has acquired Layer7 Technologies. A VentureBeat report was confirmed by Reuters of the disclosed plans of CA Technologies to acquire Layer7.
Ayala Corp's Stream Global purchases LBM Holdings of UK for an undisclosed amount. Ayala Corp's outsourcing unit has completed the acquisition of the top business process outsourcing companies in the United Kingdom.
Betfair calls CVC offer as too low and with too many conditions, thus rejecting it. Betfair, the online gambling company, has rejected a US$1. 4 billion takeover bid from CVC Capital Partners, the private equity firm.
ABB is acquiring Power-One amidst the growing solar power industry. ABB Ltd has entered into an agreement with Power-One Inc for the latter's acquisition for a sum price of US$1 billion.
CP All to acquire Siam Makro in largest Thai on Thai company takeover. The globe's third largest operator of 7-Eleven convenience stores, CP All, is now preparing to acquire Siam Makro Pcl.
Silver Lake's bid for Dell would push through amidst the financial and legal consequences written into the offer.
Ameriprise is set to bid for Scottish Widows. American financial service provider Ameriprise Financial is preparing a GBP800 million or US$1. 22 billion bid for Scottish Widows, the asset management arm of Lloyd's Banking Group.
Reliance Communications' discussions with Batelco has broken down. India's third largest cellular carrier in terms of customer base, Reliance Communications Ltd had announced that it has withdrawn from discussions with Bahrain Telecommunications for the sale of a stake in its enterprise subsidiary.
Microchip maker Intel acquires API developer Mashery. Intel Corp, the world's largest manufacturer of semiconductor products has announced the acquisition of Mashery Inc, the start up based out of Francisco.
