Avast’s share offering is slated to be one of the biggest tech IPOs to hit Britain. On Wednesday, Avast stated it has reduced reduced its price expectations for its landmark initial public offering (IPO) to 250-270 pence a share, down… Read More ›
Strategy
Japan’s Takeda Pharma set to acquire Shire for $61.5 billion
The deal, one of the largest in the pharma industry, will place Takeda Pharma into the top ranks of global drugmakers. On Tuesday, in a strategic move Japan’s Takeda Pharma stated it has agreed to acquire London-listed Shire for $61.50… Read More ›
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 ›
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 ›
Bitcoin Is ‘Rat Poison’, Says Berkshire Chief Warren Buffet
Bitcoin has not been a favorite for years with Warren Buffett, the CEO of Berkshire Hathaway. Virtual currencies have often been equated by him to gold because, according to him, both the assets are very speculative and do not deliver as… Read More ›
Australia Orders Fuel Supply Review As Questions About Fuel Shortage Arise
Australia got a scare after experts warned that the country has only been left weeks of petrol, diesel and aviation fuel in its stock following which a review of fuel security was ordered by the Australian government. While it (the… Read More ›
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 ›
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 ›
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 ›
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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