Author Archives
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Activist investor Carl Icahn, Darwin Deason win appeal against Xerox Fujifilm merger
Xerox loses bid for quick appeal against merger with Fujifilm Holdings. As per a court filing, Xerox Corp has disclosed it has lost a bid for a quick appeal of a decision to block its deal with Fujifilm Holdings. The… Read More ›
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ValueAct takes $1.2 billion stake in Citigroup
The investment by the activist hedge fund, which prefers to conduct discussions with companies behind closed doors rather than on cable television, revolves around Citigroup’s reliable revenue source and low risk factor. ValueAct Capital Partners has invested $1.2 billion in… Read More ›
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Blackstone Group LP acquires Gramercy Property Trust for $7.6 billion
The deal sees Blackstone Group LP entering into a Definitive Agreement to buy Gramercy Property Trust for $7.6 billion in cash. On Monday, Blackstone Group LP stated it would purchase acquire Gramercy Property Trust for $7.6 billion in cash…. Read More ›
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Air-France KLM’s future held hostage by union’s demands
While Air-France-KLM’s management has offered a pay hike of 2% in 2018 and a further hike of 5% across the next three years, the union has demand that in the very first year itself salaries be raised by 5.1%. The… Read More ›
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Carlyle Group set to raise $6.5 billion for its new Asia focused private equity fund
The deal marks the coming of age of Asia focused funds, which are increasingly making strong headway in strong growth markets such as India, China and Japan. According to sources with direct knowledge of the matter at hand, the Carlyle… Read More ›
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Nestle agrees to pay $7.15 billion in royalties to Starbucks to reinvigorate its coffee business
Nestle’s stratgic alliance with Starbucks underscores the fact that it is not shy to partner with its peers midst fast changing market conditions. On Monday, in a strategic move aimed at creating a global coffee alliance, Swiss food giant Nestle… Read More ›
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China opens up its iron ore future’s market to outside investors
The move, part of a bigger gameplan, is aimed at gaining pricing control over the import of China’s major commodities. With China launching its “internationalised” iron ore contract, Glencore, a global trader, was the first foreign firm to carry out… Read More ›
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Xerox retains management team and CEO following expiry of deal with Icahn and Deason
With the NY Supreme Court judge holding off from taking a decision in this case and with the next hearing yet to be scheduled, Fujifilm Holdings scored a small victory against activist shareholders Carl Icahn and Darwin Deason over their… Read More ›
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Demand for DirectTV or Turner divestment could lead to no deal: AT&T
Judge Richard Leon is expected to take a decision on the proposed merger by June 12. As per a court filing, AT&T wants a federal judge to reject any request by the U.S. Justice Department which compels it to divest… Read More ›
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Berkshire Hathaway Inc increases stake in Apple Inc
Warren Buffet stated Berskshire has additionally bought 75 million Apple shares. In a move that marks Warren Buffett’s, CEO of Berkshire Hathaway Inc, aggressive designs on Apple inc, he told CNBC that in the first three months of 2018 Berkshire… Read More ›
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