Brazil-based fixed-phone company Embratel Participacoes will pour in BRL2.2 billion ($944 million) into Mexico-based mobile phone company Claro as part of a plan to merge the group's fixed and mobile divisions.
Mergers & Acquisitions
KKR & Co. leads Dealogic's list of most active private equity firms in M&A
Private equity firm KKR & Co. takes the top spot in Dealogic's list of most acquisitive investment firms, spending about $174 billion in 34 companies this year.
US law firms Nixon Peabody, Blank Rome in merger talks -sources
US law firms Nixon Peabody and Blank Rome is reportedly in merger talks to create the 33rd largest law firm in the country. Nixon Peabody is a Boston-based law firm, while Blank Rome hails from Philadelphia.
Canadian firm Zenn agrees to acquire majority stake in US energy-storage company EEStor
Canada-based lead-acid battery-powered electric car seller Zenn Motor Co entered in an agreement to acquire a controlling stake in US-based energy storage company EEStor in a deal valued at $1 million.
Seagate to pick up UK firm Xyratex in $374M deal
US-based digital content storage company Seagate announced that it is acquiring UK-based network and storage equipment maker Xyratex in an all-cash transaction valued at $374 million.
Latest News
Norway-based firm Telenor has bought additional shares worth INR1,000 crore in India-based telecom firm Telewings Communications, bringing its ownership in the Indian firm to 74%.
South Korean oil refiner operator GS Holdings Corp entered into an agreement with commodity trader LG International Corp to acquire a combined stake in STX Energy for $598 million.
Cork, Ireland-based consumer electronics distributor PCH International announced it has acquired Australian distribution company Conexus for an undisclosed amount to give its clients better access to the Australian and Asian markets.
Textron Inc Chairman and Chief Executive Officer Scott Donnelly disclosed to analysts and investors in a teleconference today that it will be financing its acquisition of Beech Holdings LLC via debt.
Sprint Corp's shares climbed as much as 15% earlier in trading day today as speculation that it will be merging with rival T-Mobile US Inc rises, said a Bloomberg report.
Cape Town, South Africa-based investment firm Foord Asset Management has lifted its stake in Johannesburg-based drug maker Adcock Ingram to 15%, according to a regulatory filing on Friday.
Russian oil producer Rosneft said on Friday that it does not have any plans to make strategic acquisitions after agreeing to acquire Morgan Stanley's oil trading unit last week.
Huawei Technologies Co and ZTE Corp have asked regulators to make sure that Microsoft's takeover of Nokia's handset business will not result to increased patent fees in wireless technology, according to sources who talked to Bloomberg.
Mergers and acquisitions or M&A deals continue to decline in India this year as slow business growth, an uncertain economic climate and the instability of the foreign exchange rate led investors to be more cautious, the Business Standard said in a report.
