Billionaire William Heinecke is on the lookout for further takeovers after more than tripling the number of hotels his Minor International Pcl controls through the acquisition of Spain’s NH Hotel Group. Heinecke, a U.S...
Bayer Weighs Selling Its Vet Unit in Post-Monsanto Revamp
Bayer AG is considering a sale of its animal-health business as it scrutinizes its portfolio in the aftermath of the $63 billion Monsanto Co. acquisition, people familiar with the company’s plans said. Bayer is...
Advent buys Kedaara stake in Manjushree Technopack
Homegrown private equity (PE) firm Kedaara Capital exited its investment in Manjushree Technopack, selling its entire 40% stake to Advent International, according to a joint statement by the firms on Thursday. As part...
GMR Infra arm signs pact with APGDC for piped natural gas supply
GMR InfrastructureNSE 5.05 % Thursday said its arm Kakinada SEZ has inked a pact with Andhra Pradesh Gas Development Corporation (APGDC) for supply of piped natural gas. “Kakinada SEZ, a subsidiary of GMR Infra...
Tribune Media ends merger deal with Sinclair, files suit
Tribune Media Co terminated its $3.9 billion sale to Sinclair Broadcast Group on Thursday and sued Sinclair for breach of contract, claiming the rival TV-station owner mishandled efforts to get the transaction approved...
Australia’s Bega Cheese says regulator approved Saputo dairy plant purchase
Dairy products maker Bega Cheese Ltd said on Friday the Australian competition regulator had approved its purchase of Saputo Inc’s dairy processing facility at Koroit in the state of Victoria. Bega Cheese will buy the...
Rite Aid and Albertsons terminate merger amid opposition to deal
Drug store chain Rite Aid Corp and U.S. grocer Albertsons Companies Inc ABS.N agreed to terminate their merger agreement, the companies said on Wednesday, a little over 10 days after a shareholder advisory firm opposed...
Ping An Insurance Group considers buying Prudential’s Asian business
Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever Chinese...
SC sends Jaypee Infratech insolvency case back to NCLT for fresh look
The Supreme Court on Thursday ordered that the insolvency case of Jaypee Infratech be returned to the National Company Law Tribunal (NCLT), and the entire process, including the bidding for the asset, be restarted. This...
Paytm acquires Bengaluru’s savings management startup Balance Technology
Digital payments major Paytm on Thursday said it had acquired Bengaluru-based savings management start-up, Balance Technology for an undisclosed amount. The acquisition will help One97 Communications, which operates the...
BLS E-Services acquires Starfin India for an undisclosed amount
BLS E-Services today said it has acquired Starfin India, a banking business correspondent of State Bank of India, for an undisclosed amount. The company, which is a wholly-owned subsidiary of BLS International, has over...
Starwood to Buy a GE Energy-Finance Business for $2.56 Billion
Barry Sternlicht’s Starwood Property Trust Inc. agreed to buy a General Electric Co. energy-finance business for $2.56 billion to expand beyond real estate holdings. The acquisition includes a roughly $2.1 billion...
