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Deals of the day- Mergers and acquisitions
2016-03-29 20:00:38| Airlines - Topix.net
** CTBC Financial Holding Co, the parent of Taiwan's biggest credit card issuer, has agreed to buy a 35.6 percent stake in Thailand's LH Financial Group for 16.6 billion baht , the two companies said on Tuesday. ** Indonesian telecommunication provider PT XL Axiata said on Tuesday it has signed an agreement to sell 2,500 units of its telco towers for 3.57 trillion rupiah to PT Profesional Telekomunikasi Indonesia .
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Deals of the day - Mergers and acquisitions
2016-03-03 13:39:30| Railroads - Topix.net
BeIn has bought the entirety of the Californian studio for an undisclosed amount, it said. ** Navistar International Corp Chief Executive Troy Clarke is pushing the door open for potential deals as he fights to keep the truck maker's turnaround on track amid a U.S. sales slump.
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Deals of the day- Mergers and acquisitions
2016-01-27 19:31:12| Automakers - Topix.net
** Toyota Motor Corp said it was considering buying out the rest of minivehicle maker Daihatsu Motor Co, a $3.1 billion deal at current market prices, but denied a report that it was in partnership talks with Daihatsu rival Suzuki Motor Corp. ** Norway's $800 billion sovereign wealth fund, the world's largest, has accepted Vonovia's hostile takeover bid for rival Deutsche Wohnen, it said on Wednesday. ** Global miner Rio Tinto Plc has agreed to sell one of its remaining coal mines in Australia to a group owned by Indonesia's third-richest man, Anthoni Salim, continuing an exit from coal as it battles a sharp slump in prices.
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Deals of the day- Mergers and acquisitions
2016-01-20 12:19:50| Railroads - Topix.net
** A legal protest by Canadian Pacific Railway Ltd over a meeting among big U.S. railroads about mergers in their industry has highlighted maneuvering in the sector to cope with a rapid downturn and possible consolidation. ** Leidos Holdings Inc is nearing a deal to merge with the government information technology and services businesses being shed by Lockheed Martin Corp in a deal that could value these assets at around $5 billion, people familiar with the matter said.
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deals
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Mergers on menu for food and drink sector
2016-01-15 06:03:42| Food - Topix.net
But for the growing number of consumers who are turning away from packaged food, the merger was a defensive one, aimed at addressing low sales growth by cutting costs in order to make two of America's best-known, but ultimately tired, brands more profitable. Saving $1.5bn a year, the merger will shed 5,000 jobs, or 10 per cent of the combined workforce, and close seven manufacturing plants.
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