Assisted Living Concepts reached agreement to be sold to private investment firm TPG for about $278 million.
Sectors
Potash Seeking Control of ICL
Potash Corp takeover bid for ICL still ongoing. Saskatchewan based Potash Corporation is serious in its bid to wrest majority control over Israel Chemicals Limited.
TPG Privatizes Assisted Living for US$278 million
TPG purchases Assisted Living shares for US$278 million Investment firm TPG has reached an agreement with Assisted Living Concepts Inc for the sale of its senior living residence operations for US$278 million.
AT&T Pushes European Expansion
AT&T expands into Europe with wireless technology applications. The largest US phone company, AT&T would be expanding to Europe through licensing of its mobile home watchdog products.
Rosneft-TNK-BP Deal to be Okayed
Rosneft expects to get EU approval of TNK-BP takeover. An unnamed source familiar with the deal has intimated that Rosneft, the Russian oil conglomerate would get unconditional European Union regulatory approval of its takeover of TNK-BP.
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AB InBev has been negotiating with the Department of Justice to settle lawsuit filed by the government to block its deal to acquire Mexican Group Modelo.
First Quantum may slightly extend its offer for Inmet as it resolves regulatory barriers, its president, Clive Newall, disclosed.
The U.S. wireless service provider has reported a decline by 65% in its quarter net profit as it tries to close its merger deal with T-Mobile USA.
BH Media has announced that it bought the daily newspaper published by the Lortons in an undisclosed amount.
Rosneft is confident it would get approval from the European Commission for its deal to buy TNK-BP. Russian oil producer Rosneft said that it is likely to get regulatory approval from the European Union for its bid to acquire TNK-BP, a source familiar with the matter disclosed.
According to a new survey from BDO USA, LLP, nearly all retail CFOs expect merger and acquisition activity will increase or remain steady in 2013.
CNOOC agrees to pay $15.1 billion to purchase Canadian gas and oil company Nexen Inc. Calgar, Alberta-based oil and gas company Nexen Inc. announced that it was acquired by China's CNOOC Ltd.
The airline companies have appointed executives after concluding a merger which would become the biggest air carrier in the world.
The investment arm of Tower Ltd. was purchased by fund manager Fisher Funds for NZ$79 million. New Zealand's insurance firm Tower Ltd. said its investment arm was sold to fund manager Fisher Funds in a NZ$79 million deal as it nails down its business focus, the company announced.
