Sumner Redstone, a 92 year old majority stakeholder of Viacom, had opposed the sale. As per a report from the WSJ, Sumner Redstone, who holds a controlling stake in Viacom, is opposed to Phillipe Dauman’s, Viacom’s CEO, plans of selling… Read More ›
Day: April 13, 2016
Antitrust regulators in South Africa extend AB-InBev SABMiller deal by 15 days
South Africa’s Competition Commission extends deadline scrutiny for AB-InBev’s acquisition of SABMiller by 15 days. South Africa’s antitrust authorities have extended the scrutiny period of Anheuser-Busch InBev’s acquisition of SABMiller by 15 days. This is because the competition watchdog needed… Read More ›
Panama’s Attorney General raids Mossack Fonseca’s office in Panama
The raid by the Panamanian police is supposedly looking for evidence of illegal activities by the law firm. Late on Tuesday, Panama’s Attorney General has raided the offices of Mossack Fonseca, a law firm, in search for evidence of illegal… Read More ›
European Commission to give verdict on AB-InBev’s acquisition of SABMiller by May 24
AB-InBev is pushing for this acquisition of SABMiller since it will allow it to expand its footprint in the crucial markets of Africa, Peru and Columbia. In order to secure the approval from the European Commission, the equivalent of antitrust… Read More ›
Alcoa posts lower profits for first quarter of 2016
The company is set to split in the second half of this year. Alcoa Inc., a company which deals in metals, has reported a lower quarterly profit thanks to low commodity prices. Plant closures and disinvestments along with a strong… Read More ›
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