Tags: Mergers & acquisitions
Australia's Southern Cross Reaches 22-Month High On Potential Merger
Shares in Australia's rural broadcaster Southern Cross Media climbed to 22-month high when newspaper The Australian revealed that the company's board met about possible Nine Entertainment Co. merger.
Ithaca Takes Over Valiant Petroleum for 203 Million Pounds
Ithaca Energy and Valiant Petroleum have reached agreement wherein the former will buy the latter in 203 million pound deal.
Danfoss Signs Definitive Merger Agreement with Sauer-Danfoss
Under the definitive merger agreement, Danfoss will acquire 24.4% of Sauer-Danfoss common shares that it does not already own.
Y&R Acquires Majority Stake of C-Section
Y&R, the wholly-operating company owned by WPP PLC, has acquired a majority stake of Turkish C-Section.
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EADS said it has no longer interest in completing its merger deal with BAE. EADS has said that it has no interest in reviving its deal to merger with BAE system, implying confidence and satisfaction of defense share within its over activities dominated by commercial jet unit Airbus, according to sources close to the matter.
Standard Chartered has been planning to buy the wealth management unit of Morgan Stanley in India. Standard Chartered Plc has been in negotiation to purchase the Indian private wealth management of Morgan Stanley, according to two sources close to the matter.
Assisted Living Concepts reached agreement to be sold to private investment firm TPG for about $278 million.
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.
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.