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Saturday, September 21, 2019

Tag: acquisition

Japan Tobacco to acquire Bangladesh company for US$1.5 billion

The maker of Mevius and Winston cigarettes has been buying up businesses in markets where smoking is more prevalent.

illy attracts interest from JAB and Nestlé

However, illy's owners have so far turned down all approaches to be acquired.

Cosco clears US hurdle on Orient Overseas deal

The state-owned shipping giant signed a national security agreement with the US on July 6 to dispose of the Long Beach facility to a third party, according to a filing to the Shanghai stock exchange on Sunday.

Interpublic to buy Acxiom’s marketing-services unit for US$2.3 billion

The deal gives Interpublic strength in data management, including information covering two-thirds of the world’s population.

ADM to buy France’s Neovia as it expands into fast-growing feeds

Chicago-based ADM said in March it was shifting its business segments into four new units - carbohydrate solutions, nutrition, oilseeds and origination - to differentiate its offerings to customers.

Amazon to buy PillPack in potentially disruptive drug retail push

Privately-held PillPack caters to patients who take multiple daily prescriptions and delivers medications in pre-sorted dose packaging and coordinates refills and renewals.

Conagra to buy Pinnacle Foods for US$8.1 billion, creating frozen food...

The cash-and-stock deal would create a powerhouse with a combined market capitalization of US$23 billion and Conagra adding brands as Birds Eye, Hungry-Man frozen foods and Vlasic pickles to its product lineup.

Roche pays US$2.4 billion for rest of cancer expert Foundation Medicine

It is the latest in a series of acquisitions by Roche as it seeks to tap into promising technology developed by biotech companies to drive future growth as its older drugs face competition.

Insurance giant Allianz’s hunt for deals keeps market guessing

Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets as deal-hungry Chief Executive Officer Oliver Baete scans the market for growth.

China to inject US$9.7 billion into troubled Anbang

The cash infusion, which will raise Anbang's registered capital to 61.9 billion yuan, will come from a fund established by China's insurance regulator to oversee the company's management.

Alibaba to buy food delivery app Ele.me

The deal implies an enterprise value of US$9.5 billion for Ele.me.

Walmart remains in buying mode to fight Amazon, says exec

Marc Lore says future acquisitions will likely be in the US$50 million to US$300 million range, and could go higher,

Billionaire Quek buys Singapore condo site for S$980 million

The transaction marks the biggest purchase of a residential site for redevelopment in more than a decade.

Google’s Cloud boss eyeing ‘major acquisition’ to get ahead

Greene says she’s prepared to make a big purchase to catch market leaders Amazon.com Inc. and Microsoft Corp. -- if the deal fits.

TNB acquires 2 renewable energy companies in UK

The acquisition of GVO Wind Ltd and Bluemerang Capital Ltd marks TNB’s maiden foray into onshore wind in the UK.

Zhejiang Geely to revive Lotus’ fortunes

British icon is considering producing lightweight electric cars in the near future.

SUV by Volvo designer to be Proton’s next model

The Proton SUV will reportedly be based on Geely's best-selling model, the Boyue.

Chinese carmaker Geely to acquire Proton, say sources

DRB-Hicom had earlier asked for trading in its shares to be suspended pending an announcement.

MMC to buy remaining 51% stake in Penang Port

Wholly-owned unit of MMC Corp Bhd offers RM220 million cash for full control of the major port operator.

Court: Acquisition of 26-acre land for mosque unlawful

This is a fit and proper case for appellate intervention when the findings and judgment by the High Court is not supported by evidence, says Court of Appeal.

Rafizi: Felda buying stake in Indonesian firm a mistake

He feels this will work to benefit the opposition hoping for a 3-5% swing among Felda voters.

China takeover of Malaysian refinery rescued 85% of the jobs

Port Dickson refinery will become fully owned by China firm.

Court: Acquisition for MRT project at Ampang Park lawful

The land acquisition by the government was lawful and intended to make the project more efficient, says judge.