The development is politically sensitive given that the Swedish government has a 37% stake in Telia. According to two sources familiar with the matter at hand, Nordic telecoms operator Telia’s nearly $1 billion bid for Bonnier Broadcasting is facing a… Read More ›
Although Lufthansa’s bid includes an option to purchase the remaining airlines of Thomas Cook, Carsten Spohr, Lufthansa’s CEO however stated, it is unlikely that this will be allowed given antitrust regulations. On Tuesday, Lufthansa’s Chief Executive Officer, Carsten Spohr stated,… Read More ›
The strategic move, which essentially place Occidental Petroleum ahead of Chevron, risks a potential clash with Carl Icahn. In a significant development, Occidental Petroleum Corp increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp thus… Read More ›
Warren Buffet’s Berkshire Hathaway aims to help Occidental Petroleum Corp acquire its smaller rival Anadarko Petroleum Corp. In a significant development, Occidental Petroleum Corp disclosed, Warren Buffett’s Berkshire Hathaway Inc will be investing $10 billion in it so as to… Read More ›
Walmart’s strategy to exit Britain, one of its weakest performers in its global portfolio, has effectively been blocked. Facing limited options, here’s an examination of the issue, its implications for Walmart and a potential way around it. In a significant… Read More ›
The potential deal is likely to be structured using Reverse Morris Trust – a tax-efficient way that companies typically use to sell of large assets. The potential deal is likely to be announced in the coming days. As per a… Read More ›
Anadarko holds vasts fields of oil and gas deposits which can be easily accessed using low-cost drilling methods – these assets underscore the value of the bidding war surrounding the U.S. oil and gas exploration and production company. According to… Read More ›
Both banks have cited growing risks which impact synergy as reasons for calling off the merger. On Thursday, Deutsche Bank and Commerzbank stated, they have ended their merge talks. The announcement has cited restructuring costs, execution risks, and capital requirements,… Read More ›
GE had provided the misleading data during its bid to acquire Danish rotor blade maker LM Wind in 2017. The European Commission has levied a fine of $58.4 million (52 million euros) on U.S. conglomerate General Electric for providing misleading… Read More ›
UniCredit’s bid for Commerzbank AG is despite the fact that the latter is negotiating merger talks with Deutsche Bank. UniCredit aims to merger Commerzbank with its HypoVereinsbank. On Thursday, as per a report by the Financial Times, UniCredit SpA is… Read More ›
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