Takeover

  • Thohir meets Moratti for talks on Inter takeover July 25, 2013

    Milan: Indonesian businessman Erick Thohir appears to be closing in on a takeover of Inter Milan after flying to the Italian city for talks with club president Massimo Moratti. Thohir met with Moratti and his son, Angelo Mario, for lunch on Thursday as he bids to finalise a long runningbid for...
  • TN: Jaya mulls granite quarry takeover August 11, 2012

    Chennai: Chief Minister J Jayalalithaa on Friday held detailed discussions with senior Ministers and top officials in the wake of reports about illegal granite quarrying in the State resulting in loss of several crores of rupees to the government. Finance Minister O Panneerselvam, Industries Minister P Thangamani, Electricity Minister R...
  • Tata Communications shares gain on CWW takeover plans March 1, 2012

    Mumbai: Shares of Tata Communications on Thursday rose by 1.22 per cent on reports that the Indian company is considering a bid for Londonlisted telecommunication giant Cable & Wireless Worldwide Plc (CWW). Bucking an overall weak market trend here, Tata Comm shares closed at Rs 235.60 apiece on the BSE, a...
  • Ijaz to testify before Pak SC in memo scandal January 15, 2012

    Islamabad: Controversial PakistaniAmerican businessman Mansoor Ijaz could fly into a military airbase in Rawalpindi and granted a visa on arrival so that he can testify tomorrow before a judicial commission probing the memo scandal, according to a media report today. Ijaz's lawyer has said he will testify before the Supreme Courtappointed...
  • SEBI notifies new takeover norms September 23, 2011

    Mumbai: SEBI on Friday notified new takeover rule under which an entity buying 25 per cent stake in a listed firm will have to mandatorily make an open offer to buy an additional 26 per cent shares from public. The new norms will be applicable 30 days from notification. The new norms...
  • SEBI changes takeover code, trigger at 25 pc July 29, 2011

    Mumbai: India raised the ownership trigger for a mandatory takeover offer in a company to 25 per cent from 15 per cent now, a move that could draw more private equity and other investors into listed companies. The chairman of the Securities and Exchange Board of India (SEBI) also said the...
  • Nestle may consider a bid for Cadbury: Bloomberg November 22, 2009

    Zurich: Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday. Nestle is still weighing its options and may decide against a bid, Bloomberg said, citing two unnamed...
  • Bharti, MTN call off deal October 1, 2009

    Mumbai: Bharti Airtel said late on Wednesday it and South Africa's MTN had called off talks for a planned tieup due to the inability of the South African government to accept the deal in current form. Bharti said it hoped the South African government would review its position in the future...
  • Bharti & MTN work on finalising deal; issues linger August 26, 2009

    Mumbai: Bharti Airtel and South Africa's MTN hope to finalise by midSeptember a deal that could lead to a full merger, with the Indian firm adding another adviser and getting closer to lining up loans, three sources said. The telecoms firms have extended exclusive talks until the end of September, and...
  • Raju's sons move court to defreeze account May 26, 2009

    Hyderabad: The family of B Ramalinga Raju, the main accused in the multicrore fraud at Satyam Computer, has approached a local court seeking a direction to defreeze bank accounts and get back seized electronic items. In two separate petitions filed in the XIV Additional Chief Metropolitan Magistrate court by kins of...
  • Tech Mahindra completes 31 pc acquisition in Satyam May 6, 2009

    Mumbai: IT firm Satyam Computer on Tuesday said its new owner Tech Mahindra has completed the process for acquiring 31 per cent stake in the company. In a filing to the BSE, Satyam said Tech Mahindra, via its subsidiary Venturbay Consultants, has been alloted 30,27,64,327 shares or 31 per cent stake...
  • Taliban warns journos in Swat, asks them to 'mend ways' April 29, 2009

    Islamabad: Taliban militants in Pakistans Swat Valley have asked journalists to mend their ways and stop publishing reports critical of them. A Taliban pamphlet sent on Tuesday to newspapers and TV channels offices in Mingora, the main city in Swat, asked journalists to review their role and avoid following "an antiTaliban...
  • Raju used 7,000 false invoices to fudge books: CBI April 27, 2009

    New Delhi: The financial fraud perpetrated by the founders of Satyam Computer Services was executed through a wellplanned accounting system that used as many as 7,561 fraudulent invoices worth Rs 5,117 crore to inflate the company's sales, the Central Bureau of Investigation (CBI) alleged on Monday. To perpetrate the fraud, the...
  • Tech Mahindra's open offer for Satyam opens June 12 April 22, 2009

    New Delhi: IT firm Tech Mahindra on Wednesday said its Rs 1,154.66crore open offer for an additional 20 per cent stake in Satyam Computer will begin on June 12 and close on July 1, 2009. In a public announcement made to the shareholders of Satyam Computer,...
  • Satyam strong and safe, says Mahindra April 20, 2009

    Hyderabad: Tech Mahindra, the new owner of Satyam Computer Services, on Monday said it was excited about the prospects of the fraudhit IT major and that restoring financial health was the priority. After the first meeting with the governmentappointed board, Chief of Mahindra Group, Anand Mahindra, said Satyam would remain a...
  • Regulator nod for Mahindra over Satyam buy April 16, 2009

    New Delhi: The Company Law Board on Thursday approved the strategic sale of Satyam Computer Services to Tech Mahindra, and directed the consideration of Rs.1,756 crore for a 31per cent stake be submitted by April 21. Tech Mahindra, which is acquiring Satyam through its subsidiary Venturbay, has also been allowed to...
  • Tech Mahindra raises $55 mln via comm paper April 15, 2009

    Mumbai: Software services group Tech Mahindra, which is waiting for regulatory approval to buy Satyam Computer Services, has raised $55 million via shortterm debt, two sources said. The oneyear commercial paper carries a coupon rate of 8.50 per cent, the sources were quoted by news agency Reuters as saying. Tech...
  • Who would have been Satyam's best fit? Experts debate April 13, 2009

    Tech Mahindra has won the bid for Satyam Computer Services. As Satyam's bidding process was gathering steam, experts analysed who would have been the best fit for Satyam. Who would have been the best fit? Senior Analyst at Forrester, Sudin Apte, believes that L&T would have been a...
  • Is Tech Mahindra best Satyam suitor? Experts react April 13, 2009

    Tech Mahindra finally emerged as the winner to take over crisisridden Satyam Computer Services. Reacting to the news of Tech Mahindra winning the Satyam bid, Som Mittal of industry body National Association of Software and Services Companies (NASSCOM) said the deal was synergistic for both companies. "All three bidders were...
  • Pak claims control over tribal areas from Taliban March 3, 2009

    But can one be fully convinced? CNNs Stan Grant has more. ...
  • Rules changed, takeover bid for Satyam made easier February 14, 2009

    Mumbai: Fraudhit Satyam Computer Services said on Friday it would accelerate plans to find a suitor after the market regulator amended its takeover rules, and the chairman of the outsourcing firm said new bidders were likely to emerge. The Securities and Exchange Board of India (SEBI) on Friday said it would...
  • SEBI announces takeover norms for distressed cos February 13, 2009

    The Securities and Exchange Board of India (SEBI) has relaxed the takeover norms for companies in special situations. One of these relaxations is that once the entity making the takeover offer makes its decision public, it will not have to battle competitive bids from other parties. Also, the companys board needs...
  • Now a Yahoo bid from former AOL CEO December 3, 2008

    New York: After a failed takeover bid by Microsoft and a partial technical collaboration with competitor Google, a former AOL chief, Jonathan Miller, is now eyeing to take over Yahoo Inc, which runs the popular internet search engine and website by the same name. The Wall Street Journal reported that Miller,...
  • Tataowned Corus to axe 400 jobs November 7, 2008

    London: Corus, owned by the Tata Steel Group, has announced plans to cut 400 jobs at its distribution arm, saying it had been operating in a "volatile and fluctuating" market. The proposed job losses will be spread across Britain, including 100 in the West Midlands, nearly 100 in North Wales, 50...
  • US Govt to take over two troubled mortage giants September 8, 2008

    Washington: US Treasury Secretary, Henry Paulson has announced plans for a government takeover of the troubled mortgage giants Fannie Mae and Freddie Mac. ...
  • Confusion clouds possible YahooMicrosoft talks June 25, 2008

    San Francisco: Talks between Yahoo and Microsoft appear to have resumed but there was widespread confusion Tuesday about whether the companies are trying to resurrect a buyout deal, or are focused on a more limited pact that could see Microsoft buy Yahoo's search business for an estimated $1 billion. Quoting multiple...
  • Bharti makes most expensive buyout bid for SA company May 6, 2008

    New Delhi: In what is the most expensive bid for a buyout by an Indian company, Bharti Airtel has bid close to $19 billion for a 51 per cent stake in the South African telecom company MTN. Bharti has secured $12 billion of financing from Goldman Sachs and Standard Chartered and...
  • Microsoft's board fails to decide on Yahoo May 1, 2008

    Seattle: Microsoft Corporation's board met on Wednesday to discuss its standoff with Yahoo Inc over its $41.8 billion takeover bid, but failed to reach a decision on what to do next, according to a Wall Street Journal report. Microsoft's board of directors is still weighing whether to adopt a hostile...
  • Tata Motors set to seal historic deal with Ford March 25, 2008

    London: After months of speculation and several postponements, Tata Motors is all set to ink the deal with Ford for Land Rover and Jaguar. CNNIBN Correspondent, Sanjay Suri has all the details. ...
  • Bill Gates vows fight to finish with Google February 19, 2008

    Seattle: Microsoft Corp plans to invest heavily in Web search to compete against Google Inc, even if it fails to acquire Yahoo Inc, the company's chairman Bill Gates said on Monday. Gates, who called Microsoft's offer for Yahoo 'very fair', said Google is the only company with "critical mass" in Web...