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Sunday, September 22, 2019

Tag: acquisition

Japanese firm to buy Chicken Rice Shop for RM220 million

The deal increases the Japanese restaurant operator's presence in Southeast Asia.

Salesforce patches up a ‘flop’ with US$15 bln bet on Tableau

The deal means Salesforce is becoming more of a general-purpose information technology company.

US billionaire Commisso buys Italian club Fiorentina

Fiorentina are the latest Italian club to move into foreign ownership.

FirstGroup to sell Greyhound

The company has been facing demand from its second largest shareholder for strategic changes.

Brazil cosmetics giant Natura buys Avon in all-shares transaction

The combined company, Natural Holding SA, is expected to have annual gross revenues of more than US$10 billion and be present in 100 countries.

Residents near RTS land resist second eviction bid by Johor developer

Kim Teng Park residents are appealing to the state and federal leaders to stop the plan.

We’re watching, Kadir warns Johor and Melaka about land deals

New Johor MB is put on notice not to let the state government slide into past practices of Barisan Nasional.

Ex-comedian elbows way into US$9.6 billion sports deal

The acquisition, announced Friday, is one of a series of bets Byron Allen has placed recently.

Billionaire lashes out as US funds invade UK retail crisis

Ashley has been blasting Debenhams management and making legal threats since lenders took control on April 9, wiping out his roughly 30% stake.

Aussie conglomerate reiterates Lynas offer, says could ease conditions

Wesfarmers says it remains open to engaging with the Lynas board despite rejection of its initial takeover bid.

French-Canadian consortium seals US$8.6 billion Petrobras pipeline deal

Engie said buying TAG would provide it with a steady stream of profits.

Uber looks to pick up Careem in US$3 billion deal

Careem, founded in 2012, has a larger presence in the Middle East, North Africa, Pakistan, and Turkey operating in 98 cities there compared to Uber's roughly 23 locations.

Khazanah to leave tolled highway acquisition talks to PLUS

Khazanah, which has a major stake in PLUS, says it understands why the government is proceeding to acquire some highways.

Apple buyout targets could include Netflix, JPMorgan says

Investors are likely hoping that Apple uses its balance sheet strength to insulate the business against often-seen disruptions in the technology landscape.

Shell open to carmaker partners in EV charging expansion

Shell bought US charger provider Greenlots as part of efforts to compete with rival BP in the growing EV sector.

Company tried to sabotage acquisition of plants by Sabah Water Department,...

However, Sabah Infrastructure Development Minister Peter Anthony says water at all water treatment plants are safe to consume.

L’Occitane agrees to buy skincare brand Elemis for US$900 Million

The Hong Kong-listed company agreed to buy Elemis USA from Steiner Leisure and Elemis Ltd.

Aramco to probably sell US$10 billion bond to buy Sabic stake

The kingdom will decide in the next few weeks about the size of the proposed bond.

ABB, Hitachi said to near US$11 billion deal for power grids

The Swiss engineering giant and the Japanese conglomerate are scheduled to announce the transaction as early as Monday.

Xi open to blessing Qualcomm-NXP deal if presented again

The offer was part of an agreement struck by Xi and US President Donald Trump over dinner on Saturday in Buenos Aires.

IBM buys Red Hat for US$34 billion in bid for cloud...

Founded in 1993, Red Hat launched its famous version of Linux OS a year later, becoming a pioneering proponent of the open source movement that arose to counter giants like Microsoft whose models were based on keeping their source code secret.

Fox bondholders are said to push back on Disney’s exchange offer

Disney is planning to buy Fox in a US$71.3 billion transaction.

Papa John’s asks potential acquirers to submit offers

Papa John’s has more than 5,000 locations worldwide, mostly franchised restaurants.

Independent labels urge EU to block Sony’s US$2.3 bln bid for...

Sony announced the deal in May, which would give it rights to 2.1 million songs from artists such as Drake, Sam Smith, Pharrell Williams and Sia.