Tokyo, Japan-based firms ITOCHU Corp and ITOCHU Textile Prominent Ltd have finalized a deal with Fenix Group Holdings Ltd to invest in ASF Limited, an intermediate holding firm under the sponsorship of Fenix.
Mergers & Acquisitions
PayPal picks up San Francisco's StackMob to build a better mobile platform
Payments giant PayPal announced its acquisition of San Francisco-based mobile app developer StackMob for an undisclosed sum to help improve its mobile payments apps and services.
Owner of Colombia's Avianca eyes takeover of Italian airline Alitalia, Polish flag carrier LOT
German Efromovich, the owner of Colombian flag carrier Avianca, is reportedly looking to acquire Italian airline Alitalia or Polish flag carrier LOT Polish Airlines. Efromovich seeks to boost his presence in Europe.
3M reveals plans for up to $22B in five years, set to raise dividends
A Reuters report said 3M Co revealed its plans to purchase its shares back worth up to $22 billion, making it the biggest so far in terms of percentage among US companies who have announced similar plans this year.
France's GDF Suez acquires 74% stake in Indian coal-based power project
French power company GDF Suez has purchased a 74% stake in a 1,000 megawatt coal-based power project owned by India's Meenakshi Energy and Infrastructure Holdings for an undisclosed sum.
Latest News
Canadian dairy firm Saputo Inc, following a probe by Australia's Takeover Panel, said that it will raise and extend its takeover offer for Warrnambool Cheese and Butter Factory Holdings Co.
Virginia-based business development company Gladstone Capital Corporation invested $5.5 million in debt and equity to acquire Minnesota-based steel container supplier Behrens Manufacturing LL, with the participation of co-investor Gladstone Investment Corporation.
The Delaware Supreme Court on Monday dismissed Cooper Tire & Rubber Company's appeal against an earlier court ruling favoring Indian tire maker Apollo Tyres Ltd. The two companies went on trial in November over the stalled merger deal.
US antitrust regulators gave the green light to Gannett Co. Inc.'s $1.5 billion purchase of Belo Corporation as long as the deal excludes St. Louis television station KMOV-TV.
Australian natural gas giant APA Group entered an agreement to acquire the rest of distribution firm Envestra Ltd after increasing its offer to around AU$1.4 billion ($1.3 billion).
Texas-based sales analytics firm PROS wants to boost its price-recommendation capabilities by acquiring San Francisco-based predictive analytics company SignalDemand in a deal valued at $13.5 million.
A study from Scorpio Partnership, a consultancy group based in London, showed that mergers and acquisitions among wealth managers have gone up this year, Bloomberg reported.
E-commerce giant Amazon may have quietly bought Silicon Valley-based mobile payments startup Gopago for an undisclosed amount for a new "ambitious" project, according to Italian newspapers.
New York-based startup Viggle announced its purchase of entertainment news website and social platform Wetpaint for $30 million in a bid to bulk up its social TV business.
