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SK Hynix says to spend US$26 billion on two new chip plants in South Korea

2015-08-25 05:37:37| Electronics - Topix.net

SEOUL: SK Hynix Inc , the world's No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness.

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Monsanto Said to Increase Syngenta Offer to About $47 Billion

2015-08-25 02:45:59| Chemicals - Topix.net

Monsanto Co. has made an increased takeover offer to Syngenta AG, seeking to draw the Swiss pesticide producer to the negotiating table after its earlier approach was rejected, according to people familiar with the matter.

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Monsanto sweetens offer for Syngenta, values firm at US$47 billion

2015-08-25 02:45:58| Chemicals - Topix.net

Flowers grow in front of Swiss agrochemicals maker Syngenta's logo at the company's headquarters in Basel August 19, 2015. REUTERS/Arnd Wiegmann NEW YORK and CHICAGO: U.S.-based Monsanto Co sweetened its offer to buy Switzerland's Syngenta AG , valuing the company at around US$47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday.

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Belk agrees to sell company for $3 billion

2015-08-24 23:42:11| Apparel - Topix.net

Belk, Inc. announced Monday it agreed to a sale of its company to Sycamore Partners in a deal valued at $3 billion. "We are delighted to have found a financial partner that sees what we see in Belk: a 127-year-old brand that remains relevant today with exceptional customer loyalty in small, medium and large cities throughout the South," Belk Chairman and CEO Tim Belk said in a statement.

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Southern Co. to acquire AGL Resources in $12 billion deal

2015-08-24 19:24:14| Apparel - Topix.net

Southern Co. announced Monday morning it will buy AGL Resources for $12 billion, creating the biggest electric and gas utility in the nation.

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