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Wednesday, October 16, 2019

Tag: acquisition

Bank of America chases US$10 tril private capital pool

Bank of America has created a formal structure to identify new business from deep-pocketed investors.

Philip Morris in merger talks with Altria

Analysts and investors have long speculated that the companies would merge, given mounting pressure from declining cigarette sales.

HSBC weighs bid for Aviva’s Asian assets in diversity push

A deal would help HSBC bolster its insurance presence in Singapore and other parts of Southeast Asia.

OCBC said to weigh bid for StanChart-backed Indonesian bank

The Singaporean bank is considering an offer for almost 90% of PT Bank Permata, which has a market value of about US$1.9 billion, according to people with knowledge on the matter.

CBS, Viacom agree to merge into media giant

The deal comes on the heels of other large transactions in media, including Disney's US$71.3 billion acquisition of key assets from 21st Century Fox, and AT&T's US$85 billion purchase of Time Warner.

Temasek unit buys stake in chair maker for gamers

Heliconia Capital Management finds Secretlab’s global branding and significant growth potential attractive for investment.  

Verizon to sell Tumblr as part of online media rationalisation

Tumblr will now be a part of Automattic Inc's portfolio of publishing sites, such as WordPress and Longreads.

CBS shareholders to get slight premium from Viacom deal

Viacom shareholders will receive just above 0.595 CBS shares for each share they own.

Aramco to buy stake in Reliance Industries oil, chemicals unit

The deal is the biggest foreign investment in Reliance Industries’ history.

Sensor specialist AMS triggers bidding war for Osram

AMS says it can create a global leader in sensors and photonics with the acquisition of Osram.

Barneys, near death days ago, now weighs multiple rescue bids

Barneys could be back from the brink as it weighs proposals to rescue the chain of luxury department stores from bankruptcy.

Campbell Soup sells Australian biscuit maker Arnott’s

The deal will also see New York-based KKR take over Campbell's manufacturing plants in Australia, Indonesia and Malaysia.

Takeaway.com lands US$10 bil Just Eat deal in food delivery race

A combined Takeaway and Just Eat will rival Uber Eats and will, have leadership positions in many of the world's largest food-delivery markets.

US Department of Justice approves T-Mobile, Sprint tie-up

The US Justice Department says it is greenlighting T-Mobile US Inc’s request to acquire rival Sprint Corp.

Jollibee buys Coffee Bean for US$350 million

Los Angeles-based Coffee Bean will add 14% to Jollibee’s global sales and expand its store network by more than a quarter.

Cathay adds budget carrier to group after buying HK Express

Hong Kong Express Airways Ltd will continue operating as a standalone airline under the low-cost model.

CVC and GIC are said among firms eyeing stake in Euroclear

Euroclear is planning to decide in the coming days whether to pursue a stake sale or an IPO of the business.

PepsiCo takes Africa foothold with US$1.8 bil Pioneer deal

The deal gives the US drinks giant a hub from which to expand more aggressively in sub-Saharan Africa.

Finance ministry rebuts 5 ‘fallacies’ in acquisition of 4 toll highways

Tony Pua says the proposed acquisition allows the government and highway users to reap RM7.3 billion in savings in the future while ensuring market stability.

Scooter Braun buys Big Machine, owner of Taylor Swift’s albums

The deal could be worth more than US$300 million.

Temasek buys US$300 million stake in Li & Fung’s logistics unit

The deal values Li & Fung's logistics unit at about US$1.4 billion.

Govt to finance highway deal through RM6.2 bil bond issuance, says...

Finance minister says the issuance of the bond comes at no cost to the federal government.

Singapore’s Trax acquires US retail rewards app Shopkick

Shopkick’s programs help provide data and insights into customer behaviour and loyalty for clients from EBay Inc and General Electric Co to Lego and Unilever.

WeWork to weigh US$1.9 bln deal for control of India unit

The New York-based company is in talks to buy around 70% of WeWork India at a valuation of about US$2.75 billion.