News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Mergers and Acquisitions »
  How M&A deals are likely to pan out in 2019
 Deals of the day-Mergers and acquisitions July 8, 2019
 M&A activity in India down 51.4% in H1
 M&A deals more than halve to $41.6 bn in January-June
 Deals of the day-Mergers and acquisitions June 14, 2019
 Deals of the day-Mergers and acquisitions June 11, 2019
 Mergers and acquisitions activity saw sharp decline in Jan-Mar quarter: EY India
 Unicorns outpace technology companies in acquisitions
 Next trade-war casualty may be mergers and acquisitions market
 For more successful mergers and acquisitions, play 20 questions
 Deals of the day-Mergers and acquisitions May 30, 2019
 Deals Of The Day-Mergers And Acquisitions May 21, 2019

Deals of the day-Mergers and acquisitions May 30, 2019
May, 31st 2019

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Shares of Viacom Inc jumped nearly 6% on a report that CBS Corp’s board is preparing for merger talks with the media company.

** Axel Springer’s share price jumped more than 20% after the German publisher said its main owners were in talks with U.S. investor KKR to take the $5.4 billion company private and pursue a long-term growth strategy.

** Private equity firm Genstar Capital said it will buy asset management software company Prometheus Group from private equity firm Francisco Partners for over $1 billion.

** Melco Resorts & Entertainment will buy a 20% stake in Australia’s Crown Resorts from casino mogul James Packer for A$1.76 billion ($1.22 billion), the U.S. company said, months after Wynn Resorts withdrew an offer to buy Crown.

** Dallas-based Greyhound was put up for sale by Britain’s FirstGroup as the North American bus line battles to compete with growing pressure from low cost airlines.

** Israel’s Delek Group moved closer to listing its Ithaca Energy subsidiary by buying most of Chevron’s British North Sea oil and gas fields for $2 billion.

** Canadian asset manager Brookfield is close to sealing a deal with U.S. infrastructure fund KKR and Spain’s Ribera family to buy a 50% stake in solar group X-Elio, according to three sources with knowledge of the matter.

** Azerbaijan’s SOCAR is interested in buying Russia’s Antipinsky oil refinery, although specifics from the Russian side are not known yet, SOCAR’s deputy vice president told Reuters.

** United Arab Emirates-based GEMS Education has expanded into Saudi Arabia by buying Ma’arif Education Group, the largest private school owner and operator in the kingdom, through a joint venture with Hassana Investment.

** Kenya’s biggest lender by assets, KCB Group, won shareholder approval for its proposed takeover of National Bank of Kenya (NBK) in a 10-for-1 share swap transaction.

** Czech utility CEZ would rather sell its Pocerady lignite-fired power plant than keep it, and the associated coal contract, but will make a final decision later this year, Chief Executive Daniel Benes said in an interview.

** Nissan’s advanced technologies including platforms and electric powertrains could give it leverage in a merger involving Renault and Fiat Chrysler, thanks to a royalty system it has with the former, two people with knowledge of the matter said.

** Bank of Kigali, Rwanda’s biggest lender by assets, is in talks to buy local insurance company Sonarwa, the bank’s chief financial officer said.

** USA Today owner Gannett Co Inc has recently discussed the possibility of a merger with Gatehouse Media Inc, the Wall Street Journal reported, citing sources familiar with the matter.

** Investment firm Mantle Ridge LP is exploring forming a consortium with private equity firms and sovereign wealth funds to make an offer for U.S. food services company Aramark , people familiar with the matter said.

** U.S. wireless carriers T-Mobile US Inc and Sprint Corp are considering divesting wireless spectrum, according to two sources familiar with the matter, as the companies work to gain regulatory approval for their merger. (Compiled by Manas Mishra in Bengaluru)

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions