According to its CEO, Majid al Futtaim is earmarking between US$600 million and US$1 billion for acquisitions this year.
Corporations
TECO Energy and Continental Energy to Purchase New Mexico Gas
TECO Energy and Continental Energy agrees to purchase New Mexico Gas Co. In an announcement, TECO Energy Inc had said it had entered into a stock purchase agreement with Continental Energy Systems LLC and its unit, New Mexico Gas Intermediate Inc.
AstraZeneca Purchases Omthera Pharmaceuticals
AstraZeneca acquires Omthera's fish oil derived pharmaceutical line. In an announcement, AstraZeneca would be acquiring Omthera Pharmaceuticals for the price of US$443 million to boost its cardiovascular drug business.
Azul Linhas Planning Share Sale
Azul Linhas Aereas is planning a share sale to raise funds to purchase new planes. Azul Linhas Aereas, the third largest airline of Brazil, is planning to raise 1.
Valeant Buys Bausch & Lomb
Valeant purchases Bausch & Lomb to create business unit that can generate US$3.5 billion in net revenue.
Latest News
Singapore Press would be undertaking the REIT IPO of two malls in its portfolio. Singapore Press Holdings Ltd had announced last Monday that it is planning to list two shopping malls worth Sing$3.
A consortium of Club Med's top shareholders, Fosun International and AXA Private Equity preparing to bid Eur17 per share.
Egypt set to return the taxes collected from the QNB acquisition of NSGB. (Photo : Reuters)The image is the Arabic logo of the Qatar National Bank. In an announcement, the Egyptian government has said it would be refunding taxes it has collected from the acquisition by Qatar National Bank of National Societe Generale Bank.
Kion Group has said it is biding its time with its scheduled IPO. The second largest manufacturer of fork lifts in the world, Kion Group has said it is ready to undertake an initial public offer of shares.
Pay television operators amongst the bidders for Hulu. An anonymous source with direct knowledge of the transaction identified pay television operators DirecTV and Time Warner Cable as among the bidders, aside from Yahoo and the consortium led by Peter Chermin.
News Corp announced it is splitting its entertainment business from its publishing empire. (Photo : Brendan McDermid/Reuters)News Corp said on Friday it bought SportsTime Ohio, a Cleveland-based regional sports network that broadcasts Cleveland Indians baseball games.
Google may find itself in antiregulatory waters should it push its bid for Waze. (Photo : REUTERS)U. S. regulators closed a long-running investigation into allegations that Google tweaks search results to hurt rival companies without finding any wrongdoing, a decision that disappointed rivals and critics of the Web search giant.
Many buyout firms and manufacturing companies are eyeing the sale of Panasonic's healthcare unit.
Google contemplating on acquiring Waze. The creator of the Android operating system, Google Inc. , is also contemplating on acquiring the free mobile navigation application, Waze Inc.
