New terms have been added to sweeten the MetroPCS-T Mobile deal. In a bid to woo investors to vote for the merger, Deutsche Telekom had reduced the level of the merged company's debt for the proposed T-Mobile USA and MetroPCS merger.
Tags: Deal
Cipla Medpro Shareholders Approve Deal
A near unanimous vote of Cipla Medpro shareholders approved the tender offer by Cipla Ltd. Cipla Medpro of South Africa shareholders voted for the approval of US$488 million takeover bid from Cipla Ltd of India.
TPG and Japan's SMBC Discussing US$1.3 Billion Stake Deal
SMBC of Japan plans to acquire shares in BTPN. Sumitomo Mitsui Banking Corp of Japan is in further discussion for the acquisition of US$1. 3 billion worth of shares in the Indonesian lender supported by TPG Capital, BTPN, Reuters wrote Monday.
Telecom Italia to Float its Fixed Line Network
According to an anonymous source relayed to an Italian newspaper reported by Reuters, Telecom Italia would retain its stock on the fixed line network to prevent any takeover by Hutchison Whampoa.
Strategic Partnership between Yakult and Danone Dissolved
Yakult and Danone dissolves its strategic partnership. Yakult Honsha Co Ltd, the Japanese health drink manufacturer will dissolve its tie up with Danone SA of France.
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Oil exports to China from Russia increase for loan funds. With the forthcoming deals to be signed in the next few weeks, Russia would catapult China to become the country's top recipient of oil exports from the former Soviet Republic.
AmerisourceBergen does a deal with Walgreen and Alliance Boots. AmerisourceBergen, the pharmaceuticals distribution giant, has entered into a ten year distribution agreement with Walgreen Co and its associate Alliance Boots GmbH.
Kroenke Sports acquires Outdoor Channel despite previous merger plans with Intermedia. After a heated discussion, Kroenke Sports and Entertainment LLC has acquired Outdoor Channel Holdings Inc.
WhaleShark Media to be known as RetailMeNot.com. WhaleShark Media, the most widely known online coupon site in the United States, has announced that it has changed its name to RetailMeNot.
The listing of Mando's Chinese unit would be done in the Hong Kong bourse. The largest unit of the Halla Group of South Korea is planning to undertake an initial public offering of its Chinese unit.
Icahn and Dell in opposing sides regarding the privatization of Dell Company. Carl Icahn has joined calls for Dell to pay a special dividend totaling $15.
BP loses bids on Arctic oil exploration. According to sources, British Petroleum, who lost its first deal to drill oil in Arctic Russia to rival ExxonMobil again was beaten out by the same rival when it tried to negotiate a deal with Russian oil giant Rosneft.
Macy's sues JC Penney and Martha Stewart for deal. JC Penney CEO Ron Johnson knew that if he signed the deal with Martha Stewart, he would be putting the company in jeopardy by creating a conflict with Macy's, its corporate rival.
