Bearings maker SKF agreed to buy US-based Kaydon Corporation for USD1.25 billion in cash. The world's biggest maker of bearings, SKF, said on Thursday that it had agreed on buying US-based Kaydon Corporation in the tune of USD1.
Corporations
Tele2 aims for 20% share in Dutch mobile phone market after rollout of own network
Tele2 said it would want to increase its market share in the mobile telephone market in the Netherlands to 20% after the roll out of its own network.
Three German companies move up to MDAX
Osram Licht AG, RTL Group and Evonik Industries would be moved to the MDAX of the Frankfurt bourse. Three major German firms would be added to the country's mid-cap index MDAX after their stocks were floated in the Frankfurt Stock Exchange in the earlier part of the year.
China National Petroleum purchases 20% stake in Novatek's Yamal LNG project
China National Petroleum Corp bought a 20% stake in Novatek's Yamal liquified natural gas venture.
Foreign drugmakers unfairly targeted in China bribery probe- European Union Chamber of Commerce in China
The European Union Chamber of Commerce in China said there was unfair treatment to foreign firms in the China bribery probe.
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Dixons said it would pay EUR 69 million to mutares AG for the latter's acquisition of PIXmania.
Indonesia said it planned to relax the rule that forced foreign mining firms operating in the country to own no more than 49% of their stake in the mines within ten years after production has started.
Japanese drug manufacturer Otsuka Holdings said it would be acquiring Astex Pharmaceuticals for close to USD 900 million.
South African financial services group Sanlam said it was scouring Southeast Asia to invest in a life insurer.
Cathay Pacific Airways Ltd. released an exchange statement today, voicing out its opposition against Qantas Airways Ltd. (QAN)'s Hong Kong budget carrier venture with China Eastern Airlines Corp. and gambling tycoom Stanley Ho.
The CIT Group's subsidiary CIT Bank provided financing assistance for TruckPro in its acquisition of CCI Corp.
Fiat pledged EUR1 billion in a Mirafiori plant as it aimed to boost the sale of its luxury mode line-up said a union leader.
Agilent Technologies Inc. announced that it had agreed to an acquisition deal for some assets in ABC Instrumentación Analítica (ABCIA).
Arthur J. Gallagher & Co. announced acquisition of Giles Group of Companies for GBP237 million. Arthur J. Gallagher & Co. had agreed to purchase Giles Group of Companies for GBP237 million.
