Deals
Microchip Technology acquires Atmel for $3.56B, ending bidding war against Dialog Semiconductor
Microchip technology Inc. bought rival chipmaker Atmel Corp. for a price of $3.56 billion. This acquisition beats other bidder Dialog Semiconductor PLC due to its sudden share price drop.
Time Warner Cable Increases Rates in New York After $55B Merger with Charter was approved
Time Warner Cable raises its cable and internet rates in New York after its $55 billion merger with Charter Communications got approved.
Woolworths considers pulling out of Masters, following a Lowe’s buyout
The supermarket giant, Woolworths has finally announced its decision to wrap up its home improvement project, Masters. After incurring heavy losses for almost four years, chairman Gordon Cairns has decided on selling or shutting down the operations. For this, the company his approached its joint venture partner, Lowe's, to buy out its 33.3% stake in Masters., but it may take several months to sort out the exit options.
Ethiopia Terminates Indian Karuturi Global Agreement, Citing Insufficient Progress
Ethiopia's Agricultural Ministry has terminated its agreement with Indian company's Karuturi Global Ltd. last month on the grounds that the company has not made enough progress as agreed upon. Karuturi has claimed that the government has prevented it from making any further progress and will take legal action to fight the cancellation.