Data Room News
Wed 25 Mar, 2009 17:26:16
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Commodities giant CityView has announced that it is to enter into an oil-based joint-venture in Nigeria.
Alongside the infrastructure development group Deanshanger, Perth's CityView will look to capitalise on the west Af...
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Wed 25 Mar, 2009 17:03:48
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Chinese resources behemoth Chinalco has moved closed to acquiring Rio Tinto in a USD$19.5 billion (AUD$37.65 billion) deal.
Government-owned Chinalco had been subject to scrutiny from the Australian Competition and Consu...
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Tue 24 Mar, 2009 17:11:16
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London-based Hochschild Mining has completed its acquisition of Canada's Southwestern Resources Corporation.
The UK firm's CAD$0.50 (AUD$0.58) per-share offer is a 144 per cent premium on the Vancouver group's closing p...
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Tue 24 Mar, 2009 17:09:57
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Natural gas giant BG Group has acquired 90 per cent of the capital in Australia's Pure Energy Resources.
As part of a transaction worth approximately AUD$200 million, London Stock Exchange-listed BG will pay AUD$8.25 per...
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Mon 23 Mar, 2009 17:10:38
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UK newspaper wholesaler Smiths New has completed the £15.6 million (AUD$32.33 million) acquisition of Bertram Group.
Formerly part of the now defunct Woolworths Group, the takeover of the Norwich-based firm could br...
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Mon 23 Mar, 2009 17:09:39
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London Mining has completed the acquisitions of two major resources companies in China.
Alongside its US-based partner Wits Basins Precious Materials, the group has taken over Nanjing Sudan Mining and Maanshan Xiaonansha...
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Fri 20 Mar, 2009 17:12:11
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The UK's Co-operative Group has completed a deal to acquire the Plymouth and South West Co-operative Society.
As part of the merger, the Co-operative will take on 67 food outlets based in the south-west of England.
<...
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Fri 20 Mar, 2009 17:11:31
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UK-based kitchens manufacturer Smallbone has successfully been sold by its administrators.
The group had been placed into administration and PricewaterhouseCoopers (PwC) subsequently appointed to engineer its sale after...
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Wed 18 Mar, 2009 16:57:58
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The investment giant Perpetual has completed the acquisition of the fiscal advisory practise Financial Pursuit.
Through the deal, Sydney-based Perpetual claimed its total funds under advice would rise to AUD$6.4 billion...
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Wed 18 Mar, 2009 16:56:31
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Mining giant Newcrest is currently looking at acquisition opportunities, a report in the has Australian stated.
The gold miner - which has interests in Australia and Indonesia - is said to be keen on looking at a number...
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Tue 17 Mar, 2009 17:08:46
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Portable toilet provider Viking Rentals has concluded a deal to acquire its rival Elite Portable, it has been reported.
The deal - which was backed by Blue Sky Private Equity - is part of the Australian business's wider...
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Fri 13 Mar, 2009 17:19:57
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Japanese brewing titan Asahi is set to complete an AUD$1.2 billion deal for Cadbury's Schweppe's Australia.
The agreement had looked to be in jeopardy after it emerged the Coca-Cola Company was considering a counter-offe...
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Wed 11 Mar, 2009 17:05:02
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Emergency response group Ferno Australia has bought the Australian assets of medical technology firm Weinmann.
As reported in Queensland Business Review, Weinmann's products - which include diagnostic and life-saving dev...
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Wed 11 Mar, 2009 17:01:37
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The British software provider Brady has dropped a major hint that it could be looking at acquisitions in the near future.
Following its recent takeover of Comsoft, the trading technology group revealed that pre-tax profi...
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Tue 10 Mar, 2009 17:05:01
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Marine services firm Hamworthy has completed a deal worth up to seven million euros (AUD$13.8 million) for the water treatment group Greenship.
In its statement to the London Stock Exchange, Hamworthy expressed its inter...
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Mon 9 Mar, 2009 17:01:56
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Drinks retailer Majestic Wine has completed a deal to acquire the issued share capital of rival Lay and Wheeler.
For approximately £4.75 million (AUD$10.4 million), the UK-based warehouse chain will also take on abo...
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Mon 9 Mar, 2009 17:00:24
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The proposed merger between British Airways (BA) and Spanish operator Iberia is drawing nearer.
Chief executive of BA, Willie Walsh, revealed that about £400 million (AUD$874 million) in synergies have been pinpoint...
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Thu 5 Mar, 2009 17:22:58
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Investment manager QIC Infrastructure has successfully completed the acquisition of a majority stake in New Zealand's Powerco.
For a purchase price of approximately NZ$423 million (AUD$331 million), Australia's QIC will...
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Wed 4 Mar, 2009 17:10:30
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British supermarket chain Sainsbury's has secured the acquisition of 24 Co-operative outlets.
The £83 million (AUD$181.8 million) deal includes 22 Somerfield units and two Co-operative stores from with a total net s...
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Tue 3 Mar, 2009 16:56:03
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The exploration firm Vulcan Resources is in acquisition talks for two projects, the company has claimed.
According to the Perth-based group, "incomplete and confidential" discussions are ongoing, following a re...
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Tue 3 Mar, 2009 16:55:32
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QBE Insurance Group has dropped a major hint that it is looking at potential acquisitions, which could be completed through a virtual data room.
Following the Sydney-based firm's announcement of an AUD$1.86 billion net p...
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Mon 2 Mar, 2009 17:16:51
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Exploration giant Western Metals has concluded the acquisition of several gold projects in Tanzania.
As part of a deal potentially worth more than AUD$6 million, Western Metals has obtained the mining rights - which incl...
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Fri 27 Feb, 2009 17:34:00
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State-backed Chinese miner Minmetals could be looking to make further acquisitions in Australia, it has been suggested.
Minmetals is in the process of purchasing beleaguered resources firm OZ Minerals for AUD$2.6 billion...
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Fri 27 Feb, 2009 17:33:27
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The investment group Evolutec has acquired the UK-based semiconducting materials group Nanoco.
Following the deal, Nanoco - which manufacturers nanotechnological quantum dots - will become a public limited company with a...
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Thu 26 Feb, 2009 17:25:26
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Vegetable grower and packer QV Foods has agreed a deal to acquire assets of fellow UK business MBM Produce.
Neither company chose to disclose the financial details of the transaction for MBM's retail and food service uni...
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Thu 26 Feb, 2009 17:23:03
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A major British fashion chain has been brought out of insolvency following a rescue bid from a consortium of investors.
Manchester-based Blooming Marvellous - which provides maternity wear - was resurrected after Ethel A...
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Thu 26 Feb, 2009 17:21:51
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Construction and engineering group Clough has concluded a deal to sell some of its non-core assets to PT Indika Energy.
As part of the AUD$129 million deal, Clough will transfer its 82 per cent stake in PT Petrosea to th...
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Wed 25 Feb, 2009 17:05:07
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The IT reseller Kelway has struck a deal to acquire a major specialist in virtualisation and managed services.
Kelway's addition of Panacea Services will create a combined revenue stream of £140 million from a large...
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Wed 25 Feb, 2009 17:04:06
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Environmental technologies developer Pacific Enviromin (PEV) has concluded a deal to acquire an industrial wastewater solutions firm.
The Brisbane-based company's takeover of Filtek has been made to coincide with - what...
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Wed 25 Feb, 2009 17:03:12
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The entertainment group Beyond International has completed a deal to acquire the DVD distributor Magna Pacific.
For AUD$4.3 million in capital, Beyond will take on all the assets of the firm, which holds the rights to po...
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Tue 24 Feb, 2009 17:04:51
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The outsourcing group Capita has concluded a deal to acquire a major healthcare informatics specialist.
Through the £11.6 million (AUD$26.2 million) deal for UK-based CHKS, Capita hopes to add further reach to its e...
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Mon 23 Feb, 2009 16:40:29
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International engineering group Balfour Beatty has agreed to acquire a US-based constructor for USD$40 million (AUD$62.1 million).
The British-based contractor believes the takeover of North Carolina's RT Dooley will exp...
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Fri 20 Feb, 2009 16:10:41
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The water heater manufacturer Rheem Australia is set to acquire its rival Aqua-Max, it has been reported.
According to the Age newspaper, a deal has been agreed in principle for Rheem to purchases the assets of Aqua-Max...
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Fri 20 Feb, 2009 16:10:10
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Telecommunications group Telstra has made two acquisitions in the Chinese online content market.
The Australian-focused business has purchased a 67 per cent stake in consumer mobile content company China M and online mus...
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Fri 20 Feb, 2009 16:09:31
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The British construction firm Galliford Try has suggested that it will be looking to make acquisitions in the near future.
As reported by cnplus.co.uk, the group will wait for the property market to hit rock bottom befor...
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Thu 19 Feb, 2009 17:11:19
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The Australian resources giant Aquarius Platinum is set to acquire its UK-based rival, Ridge Mining.
Neither company chose to disclose financial details on the agreement, but Aquarius - which mainly operates in South Afr...
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Wed 18 Feb, 2009 17:05:45
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Industrial safety solutions provider Intertek has completed the acquisition of the technical inspection group WISco.
Through the takeover of the US-based firm, Intertek intends to expand its portfolio into services such...
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Wed 18 Feb, 2009 17:04:39
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Wholesale food merchant Primo Quality Smallgoods has been given the thumbs up to complete its acquisition of troubled rival Hans Continental.
The deal to buy the assets of Hans - which was placed into administration in N...
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Tue 17 Feb, 2009 17:02:40
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Chinese resources titan Minmetals is closing in on the AUD$2.6 billion acquisition of OZ Metals.
The proposed deal would see the shareholders of the beleaguered Australian miner cash in a 50 per cent premium, while also...
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Tue 17 Feb, 2009 17:01:46
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Resources giant Rio Tinto has upped its stake in the exploration group Kalahari Minerals to 15.8 per cent.
The increased shareholding in its fellow Australian is said to signal Rio's growing interest in the uranium miner...
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Mon 16 Feb, 2009 17:03:33
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Resources group Austin Engineering has revealed that it's looking at further acquisitions following a 75 per cent surge in profits.
Following its takeover of truck body firm Western Technology Services (Westech) last yea...
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Tue 27 Jan, 2009 16:55:26
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The engineering corporation AMEC has concluded a deal to acquire the asset optimisation consultant Performance Improvements (PI).
As part of a deal in which neither party published financial terms, London-based AMEC will...
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Mon 26 Jan, 2009 16:56:53
The mining giant BHP Billiton could be in line to bid for a major OZ Minerals' site, it has been reported.
According to Reuters, the Sydney-based group could look to acquire OZ's Prominent Hill mine, after seeing a USD$66 billion (AUD$99.7 billion) for rival Rio Tinto rejected.
The...
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Fri 23 Jan, 2009 17:05:02
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The global brewing company Anheuser-Busch InBev has opted to sell its minority stake in China's Tsingtao.
In a deal worth approximately USD$667 million (AUD$1.02 billion), the Japanese brewer Asahi will take on the 19.9...
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Fri 23 Jan, 2009 17:03:30
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Insurance giant Mitsui Sumitomo has announced that it plans to merge with two of its major rivals.
Due to close in April next year, the agreement will see Mitsui Sumitomo partner fellow Japanese businesses Aioi Insurance...
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Fri 23 Jan, 2009 17:02:34
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The British government has been reprimanded after a public sector contractor misplaced the personal details of thousands of individuals.
Following an investigation by the Information Commissioner's Office (ICO), it was f...
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Thu 22 Jan, 2009 17:12:08
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China Housing and Land Development (CHLD) has concluded a deal to acquire Xi'an Xinxing Property Management.
In a deal worth approximately 12 million yuan renminbi (AUD$2.7 million), CHLD will take on all of the assets o...
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Thu 22 Jan, 2009 17:09:52
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The fertiliser and chemicals producer Promodoeswork (PWDK) has announced its intention to acquire the Chinese corporation Changda International.
Although no financial details of the acquisition have yet been published, i...
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Wed 21 Jan, 2009 17:01:19
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The global computing corporation IBM has unveiled plans to acquire the popular collaboration and messaging services provider Outblaze.
Since its foundation just over ten years ago, Hong Kong-based Outblaze has amassed a...
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Wed 21 Jan, 2009 17:00:29
Television programming giant Endemol has finalised a deal to acquire the assets of Southern Star Group from Fairfax Media.
The Netherlands-based corporation - which is responsible for the Big Brother franchise - will take on all of Australia's Southern Star in a bid to increase its market p...
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Wed 21 Jan, 2009 16:59:36
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The exploration group China Natural Resources (CNHR) has concluded a deal to acquire the assets of coal miner Newhold Investments and its wholly-owned subsidiaries.
As part of a deal in which neither party opted to revea...
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Tue 20 Jan, 2009 11:14:21
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Over 240 ABC Learning Centres that have been deemed as financially unviable have been the target of a bid by a group of non-profit organisations.
Children 21, which consists of six different groups that all have expertise...
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Tue 20 Jan, 2009 11:13:25
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Fairfax Media has sold its Southern Star television production company to Endemol for AUD$75 million.
The group has to wait for regulatory approval, but it is expected to come in the first quarter of the year.
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Mon 19 Jan, 2009 15:51:04
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The insurance broking firm OAMPS has announced the acquisition of a fellow major Queensland broker.
As part of a deal in which neither party published financial details, Cairns-based John Tannock Insurance Brokers will b...
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Mon 19 Jan, 2009 15:46:51
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The Japanese drinks maker Kirin is looking to acquire a stake in one of San Miguel's brewing units, it has been revealed.
Although an agreement has yet to be reached, Kirin is looking to potentially purchase 43.25 per ce...
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Fri 16 Jan, 2009 16:59:23
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The fitness centre media operator GoodMedia has announced that it is to merge with one of its closest rivals, Sports Media.
According to one of the Beijing-based companies, the merger is beneficial to both of their expan...
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Fri 16 Jan, 2009 16:58:51
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The Beijing fund manager Lowes Wealth Management (LWM) is looking to make a number of acquisitions, the FTAdvisor has reported.
Following its decision to transfer the majority of its funds into cash last summer, the company belie...
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Fri 16 Jan, 2009 16:58:01
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Frankfurt Stock Exchange-listed Can Can Lingerie Holding AG has announced that it is to acquire the intellectual property rights to the TJ Maxx clothes brand.
Through the acquisition of the Australian-based online seller...
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Thu 15 Jan, 2009 16:41:04
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Speculation is mounting that two of China's biggest air carriers are preparing to merge as part of a major aviation restructuring move.
As reported in the Shanghai Daily, both China Eastern and Shanghai Airlines are refu...
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Thu 15 Jan, 2009 16:40:28
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The miner Mineral Enterprises (MEL) has completed a deal to purchase a stake in a major Australian iron ore project.
As reported by the Economic Times of India, Bangalore-based MEL will take on 40 per cent of Lincoln Min...
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Wed 14 Jan, 2009 14:56:03
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The engineering consultancy group Germanischer Lloyd has completed a deal to purchase the asset management firm International Refinery Services (IRS).
As part of an agreement in which neither party published transaction...
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Wed 14 Jan, 2009 14:55:12
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Underwater industrial services firm Neptune Marine has finalised a deal to acquire the gas and oil consultant Subsea Engineering Services (SES).
For an initial payment of just over AUD$8.5 million and a large number of o...
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Tue 13 Jan, 2009 15:58:09
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Royal Bank of Scotland (RBS) is close to announcing a deal to sell its stake in Bank of China (BOC), according to a report.
An insider told the UK's Financial Times that BOC's biggest foreign shareholder - with 4.3 per c...
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Tue 13 Jan, 2009 15:56:15
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Australia and New Zealand Banking Group (ANZ) has increased its shareholding in Indonesia's PT Bank Penin with a USD$114 million (AUD$170.69 million) payment.
Through the acquisition, Melbourne-based ANZ has furthered it...
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Tue 13 Jan, 2009 15:56:03
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Commodity risk manager FCStone has completed the acquisition of Australia's agriculture specialist Elders Risk Management.
As part of a deal in which neither party disclosed financial details, Elders will change its name...
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Tue 13 Jan, 2009 13:41:07
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The software solutions supplier Longtop has revealed that it is to acquire the program tester Jactus Labs.
In a deal in which neither parties choose to publish financial details, New York Stock Exchange-listed Longtop ex...
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Mon 12 Jan, 2009 15:42:12
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The excursion specialist Cox and Kings India (CKIL) has completed a deal to acquire the leisure and travel group Tempo Holidays.
Through the USD$25 million (AUD$36.5 million) agreement, CKIL will take on all of Tempo's A...
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Fri 9 Jan, 2009 16:25:40
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Medical electronics developer Nihon Kohden has completed the acquisition of sleep analysis technology group Neurotronics.
Under the terms of an agreement in which neither party published financial details, Florida-based...
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Fri 9 Jan, 2009 16:24:20
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China New Energy Group (CNEG) is set to complete the acquisition of the natural gas operation company Qinhuangdo Chenseng.
Gas distributor CNEG already owns a 49 per cent stake in the Nandaihe-based business, but has now...
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Fri 9 Jan, 2009 16:23:39
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Bidders are lining up to acquire miner Rio Tinto's talc and borates units in a deal that could top USD$1 billion (AUD$1.42 billion) according to Reuters.
The news agency reported that a "source close to the matter&q...
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Thu 8 Jan, 2009 17:03:51
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Fish exporter Alliance Tuna International is to acquire a majority stake in one of the planet's biggest retailers of smoked seafood.
In a deal worth approximately NZD$1.3 million (AUD$1.09 million) Filipino firm Alliance...
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Thu 8 Jan, 2009 17:00:43
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The enterprise software developer SolarWinds has completed the acquisition of fellow programmer Kiwi Enterprises.
As part of a deal in which the financial details were not disclosed, Texan group SolarWinds will incorpora...
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Wed 7 Jan, 2009 17:12:56
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Solar cell producer Yingli Green Energy has completed the acquisition of polysilicon manufacturer Cyber Power Group
Through the USD$77.6 million (AUD$107.92 million) agreement, Yingli is hoping to obtain a more stable su...
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Wed 7 Jan, 2009 17:11:51
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The special purpose acquisition unit Alpha Security has completed the purchase of the agricultural and distribution group Soya.
In a deal worth an initial USD$30 million (AUD$41.72 million) and assets, Alpha purchased th...
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Wed 7 Jan, 2009 17:10:24
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Web-based set top technology developer CompleteTV has successfully completed the acquisition of Hong Kong's Cima Technologies.
Through the deal, UK-based CompleteTV will take on the assets and intellectual property right...
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Tue 6 Jan, 2009 17:01:17
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The Chinese steel maker Angang has revealed plans to purchase substantial electro slag assets from its parent, Anshan Iron and Steel Group.
In a deal worth just over 85 million yuan renminbi (AUD$17.29 million), Angang w...
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Tue 6 Jan, 2009 16:57:40
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The Australian exploration group Black Range Minerals has finalised the acquisition of a major US-based coal project.
Black Range Minerals has purchased the Alaskan Jonesville site for an initial fee of USD$2 million (AU...
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Tue 6 Jan, 2009 16:57:00
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The imaging and analysis systems provider FEI Company has completed the acquisition of the automated mineralogy group Intellection Holdings.
In a deal worth USD$2.8 million (AUD$3.9 million), FEI will receive the rights...
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Mon 5 Jan, 2009 17:02:50
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The natural resources provider China Natural Gas (CNG) has announced the acquisition of Lingbao Yuxi Natural Gas as it looks to expand its infrastructure.
As part of the 134 million yuan renminbi (AUD$27.4493 million) de...
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Mon 5 Jan, 2009 16:59:55
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The mining corporation Grange Holdings has completed its merger with Australian Bulk Minerals (ABM) following its reception of regulatory approval.
Grange has made the announcement after being given the green light by th...
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Fri 2 Jan, 2009 17:11:51
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Baiada Poultry's proposed acquisition of Bartter Enterprises could have a negative impact on the poultry industry, it has been suggested.
According to for the Australian Competition and Consumer Commission, the move, whi...
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Fri 2 Jan, 2009 17:10:37
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Indian company Gati is planning to make a number of acquisitions in China, it has been reported.
According to the Economic Times, it is thought that the Hyderabad-based logistics firm is intending to buy three freight co...
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Wed 31 Dec, 2008 15:12:06
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Wholesale distributor of business and consumer products China 3C Group is to acquire Jinhua Baofa Logistic.
China 3C Group will make the USD$17.4 million (AUD$25.29 million) purchase through its Zhejiang Yong Xin Digital...
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Tue 30 Dec, 2008 14:22:34
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The oil refiner AGL Energy Limited (AGL) has agreed to acquire Sydney Gas Limited (SGL) for a purchase price of AUD$171 million.
Through the purchase AGL is hoping to increase its capabilities across several key oil fiel...
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Tue 30 Dec, 2008 14:19:23
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The multi-platform marketing group Acorn has completed the acquisition of domestic communication equipment producer and supplier, Yiyang Yukang.
Under the terms of the agreement, Shanghai-based Acorn will purchase Yiyang...
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Mon 29 Dec, 2008 13:34:29
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A subsidiary of the Thai oil firm PTT Exploration and Production (PTTEP) has agreed to acquire Australia's Coogee Resources Limited (CRL).
Through its wholly-owned Australia-based unit, PTTEP will purchase CRL - which is...
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Wed 24 Dec, 2008 13:49:08
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In Christmas M&A news, Commonwealth Bank of Australia (CBA) has announced plans to buy AU$4 billion of mortgages from Wizard, a local financing company owned by General Electric (GE).
CBA, Australia's third-largest...
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Tue 23 Dec, 2008 16:05:25
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The supply chain solutions group Ryder System has finalised the acquisition of Container Terminal Ltd and CRSA Logistics.
Following the takeover of the two firms - which operate in Hong Kong, China and Canada - Ryder exp...
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Mon 22 Dec, 2008 16:47:29
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Defence and aerospace group BAE Systems has finalised the acquisition of Tenix Toll Defence Logistics Pyt Limited (TTDL) from Tenix Pty Limited.
In an agreement worth AUD$24 million, the Adelaide-based organisation will...
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Mon 22 Dec, 2008 16:46:44
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The web portal operation Sina could move to acquire approximately USD$1 billion (AUD$2.04 billion) of assets from Focus Media Holdings, according to reports.
Bloomberg has claimed that the Chinese online advertising gian...
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Fri 19 Dec, 2008 16:58:47
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The media broking corporation RedHotMedia has finalised the acquisition of the advertising firm In Motion Media (IMM).
China and Malaysia focused RedhotMedia completed the deal for 120 per cent of IMM's post-tax profits...
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Fri 19 Dec, 2008 16:58:03
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The Panasonic electronics group has initiated an 800 billion (AUD$13 billion) yen acquisition of its rival Sanyo in response to the worsening economic climate.
Panasonic has suggested that by forming a capital alliance w...
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Thu 18 Dec, 2008 16:52:01
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The refiner Nippon Oil Corporation (NOEX) has completed the acquisition of a stake in a Papua New Guinea oilfield and natural gas project.
The Japanese firm made the USD$800 million (AUD$1,136.8 million) purchase from th...
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Thu 18 Dec, 2008 16:05:18
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The anti-virus software developer Kingsoft has announced the purchase of a 30.03 per cent stake in a Chinese online gaming provider.
The Hong Kong-based corporation will pay USD$8 million (AUD$11.4 million) for the Sky P...
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Wed 17 Dec, 2008 16:47:33
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National Bank of Australia (NAB) has revealed that it is in talks to acquire part of the mortgage lender Wizard.
According to NAB, the corporation is looking to purchase Wizard's AUD$4 billion book of prime mortgages and...
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Wed 17 Dec, 2008 16:46:43
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The Chinese state petroleum group Sinopec could be looking to acquire the Russian refiner Urals, according to a report.
An article by Reuters news agency states that a source informed a Russian daily newspaper that the Ch...
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Tue 16 Dec, 2008 16:53:16
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Citigroup Incorporated is to sell one of its major trust banking subsidiaries to Japan's Mitsubishi UFJ Trust and Banking Corporation.
The US-based firm is set to receive 25 billion yen (AUD$400 million) for the acquisit...
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Tue 16 Dec, 2008 16:52:30
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The Japanese trading house Mitsubishi Corporation has revealed that it is to acquire a five per cent stake in the retailer Aeon.
Reuters has reported that the purchase is part of a new alliance between the two companies,...
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Tue 16 Dec, 2008 16:51:38
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The China Petrochemical Corporation has received approval from the Chinese government to complete the acquisition of Tanganyika Oil Company.
The corporation - also known as Sinopec - announced that the state had given th...
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Mon 15 Dec, 2008 16:29:08
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The technology services firm Global Banking and Securities Transactions (GBST) has completed the acquisition of software provider Coexis.
The deal is worth a total of approximately AUD$34.3 million (AUD$28.4 million in c...
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Mon 15 Dec, 2008 16:28:11
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BASF's Construction Chemicals subsidiary has completed the acquisition of Kejie Admixture Science and Technology Company's concrete admixture division.
The financial details of the transaction have not been revealed, but...
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Mon 15 Dec, 2008 16:27:18
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The multimedia and telecommunications corporation All Line has completed the acquisition of a ten per cent stake in Chinese Media Group Corporation (CMGC).
The $1,000,000 (AUD$1.48 million) purchase also gives All Line t...
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Fri 12 Dec, 2008 17:10:00
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The Australian nickel firm Poseidon has revealed that it is talks to acquire another miner.
Representatives from the group refused to disclose any details of the potential takeover, including the name, location or value,...
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Fri 12 Dec, 2008 17:09:10
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Beijing's Sanyuan Foods may have paved the way to proceed with its proposed acquisition and merger with dairy corporation Sanlu.
A report from Sanyuan stated that the company had received board approval to spend five mil...
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Fri 12 Dec, 2008 17:08:15
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Speciality products manufacturer BASF has completed the acquisition of Thailand-based motorcycle coatings group, NOF.
As part of a deal intended to improve BASF Coatings' - a subsidiary of Germany-based BASF Group - pres...
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Fri 12 Dec, 2008 8:33:58
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The New Zealand arm of Australian drinks company Coca-Cola Amatil (CCA) is reportedly hoping to acquire Auckland-based cordial maker Baker Hall.
Foodbev.com reported that CCA in New Zealand had applied to the Commerc...
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Fri 12 Dec, 2008 8:33:04
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Japan is to consolidate its oil refiners to help stem the tide of falling crude prices and weakened demand.
Nippon Oil has confirmed that it is to merge with its smaller rival Nippon Mining Holding and both companies ha...
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Thu 11 Dec, 2008 18:28:37
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Lenovo Group has confirmed rumours that it is in initial discussions over a possible investment or acquisition but failed to name any third parties.
The company's stock had risen dramatically by 26.6 per cent accord...
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Thu 11 Dec, 2008 18:07:37
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Passenger carrier Air New Zealand has purchased a stake in the Australian online tourism company Vcubed.
While neither of the companies chose to reveal the amounts involved in the deal, the airline said that it was parti...
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Thu 11 Dec, 2008 15:48:25
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The global financial communications group Sage Holdings has completed the acquisition of Xinhua Finance's investor relations subsidiary Taylor Rafferty.
Details of the figures involved in the takeover have not been revea...
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Wed 10 Dec, 2008 17:46:42
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Ford will not confirm reports from National Business Daily that it could be selling its Volvo car unit to its Chinese partner, Changan Automobile Group.
The ailing motor giant said that it was still exploring the possib...
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Wed 10 Dec, 2008 17:45:54
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Hong Kong telecommunications company Pacnet has announced it is interest in purchasing the Australian subsidiary of Telecom New Zealand, AAPT.
The Sydney Morning Herald hinted that the acquisition would be beneficial fo...
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Wed 10 Dec, 2008 15:49:39
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Shares in Brazilian computer manufacturer Positivo Informatica have surged on the back of rumours that China's Lenovo Group is looking to acquire the company.
In Sao Paulo trading yesterday (December 9th), Positivo's s...
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Wed 10 Dec, 2008 15:48:16
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The Commonwealth Bank of Australia has received the green light to proceed with its acquisition of BankWest from HBOS.
The AUD$2.1 billion deal had been held up by the Australian Competition and Consumer Commission (ACCC...
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Wed 10 Dec, 2008 15:05:16
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Mitsubishi Corp is due to acquire a five per cent share in retailer Aeon, Reuters quoted two company sources as saying.
According to the company, the deal would be worth over USD$325 million (AUD$493 million) and...
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Tue 9 Dec, 2008 18:05:50
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While the merger between IOOF Holdings and Australian Wealth Management (AWM) is yet to be complete, Theage.com.au reports that both firms are “close to clearing a critical hurdle in their deal".
The friendly...
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Tue 9 Dec, 2008 15:43:03
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Friends Provident has finalised a deal to acquire 30 per cent of AmBank Group's AmLife Insurance Berhad.
The agreement to purchase the stake in the Malaysian company comes on the back of AmBank Group separating its life...
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Tue 9 Dec, 2008 15:41:49
United Business Media acquires Sanguine
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United Business Media (UBM) has completed the acquisition of China's Sanguine Microelectronics in an initial USD$8 million (AU$12.2 million) deal.
The UK-based exhibitions...
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Tue 9 Dec, 2008 14:27:11
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Despite a volatile market, one private equity firm has managed to rise above difficult market conditions and pull together the money for its third buyout fund.
Reuters reported on the successful deal by CCMP Capital As...
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Mon 8 Dec, 2008 18:55:39
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A company that describes itself as the world’s largest coal company and that Reuters describes as the “most valuable US coal miner” has announced its intention to investigate investing in China.
The news a...
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Mon 8 Dec, 2008 16:06:54
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Takeover talks between Qantas and British Airways could lead to relaxation of Australian foreign ownership legislation.
Speaking to the Australian Broadcasting Corporation (ABC), the country's transport minister Anthony...
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Mon 8 Dec, 2008 15:08:35
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Stock in Australia's Santos has risen on the back of speculation China National Petroleum Corp (CNPC) could acquire the gas and oil company.
A report in the South China Morning Post states that CNPC could look to an agre...
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Fri 5 Dec, 2008 18:39:05
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A review of BHP Hilton's bid for Rio Tinto was due to take place at the same time that the potential acquisition deal was called off.
That is according to Shang Ming, chief of the Ministry of Commerce's antitrust depart...
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Thu 4 Dec, 2008 18:28:33
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Following media speculation on a possible merger, Qantas Airways confirmed that it was open to the idea of a merger with British Airways, but analysts have thrown some doubt on the matter.
In a statement on Wednesday...
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Thu 4 Dec, 2008 17:45:45
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A Chinese movie distributor could be in line to receive a large injection of capital if reports by Reuters are correct.
The news agency yesterday (December 3rd) reported that the chairman of film distributor Poly Bona c...
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Wed 3 Dec, 2008 18:16:15
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Japanese fashion retailer giant Uniqlo is looking at acquisitions in both the UK and the US.
The Times reported that investors in the company believe Uniqlo management is seriously considering acquisitions in the UK.
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Tue 2 Dec, 2008 18:02:49
A planned acquisition of a Chinese juice firm by Coca-Cola is being reviewed by the country's regulators.
Coca-Cola's bid for China Huiyuan Juice Group was announced at the start of September this year and is now being looked into by the Chinese Ministry of Commerce.
In a joint sta...
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Tue 2 Dec, 2008 16:04:19
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A French advertising firm has announced that it will be acquiring an agency in China as part of its plan to increase its presence in emerging markets.
Publicis confirmed that it would be buying W&K Communications...
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Mon 1 Dec, 2008 17:45:23
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China's troubled dairy industry could be set to receive a boost with news that an American private equity firm plans to invest USD$100 million (AUD$155 million) into China's Menguin Modern Farm.
Reuters reported a sou...
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Mon 1 Dec, 2008 17:40:07
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Avnet announced that it would be acquiring Nippon Denso Industry (NDI) of Japan through its subsidiary, Avnet Japan.
Based in Tokyo, NDI is a value added distributor of electronic components and has established design a...
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Sun 30 Nov, 2008 20:37:32
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Malaysia International Shipping Corporation (MISC Berhad) has pulled out of an acquisition bid for oil services firm Ramunia Holdings Bhd.
The Malaysian shipping line company made the decision to put a stop to the $882...
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Sun 30 Nov, 2008 20:37:15
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Gome Electrical Appliances has replaced its chairman and chief financial officer following speculation that it may be acquired by one of its rivals.
The Hong Kong-based company has been receiving lots of media attention...
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Sun 30 Nov, 2008 20:36:35
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Friends provident has acquired a substantial stake in a Malaysian company.
The UK-based insurer revealed on Friday (November 28th) that it had purchased a 28 per cent stake in AmLife Insurance Berhad for £30 milli...
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Fri 28 Nov, 2008 19:58:50
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Real estate agency Chuhaku Japan, which has its headquarters in Tokyo, has reportedly acquired more shares in Pacific Holdings, formerly known as Pacific Management Corp.
Money.cnn.com reported the acquisition, which it...
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Fri 28 Nov, 2008 19:55:43
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An equity firm based in Singapore has said that it will form a USD$100 million (AUD$153 million) fund in partnership with the government of Nanjing, China.
It is hoped that the money will be put towards investing in comp...
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Fri 28 Nov, 2008 18:44:59
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Following BHP Billiton's abandoned hostile takeover of Rio Tinto Group, Alcoa, the largest US aluminum producer has said that it will not be increasing its stake in the company.
Alcoa joined forces with Aluminum Corp of...
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Fri 28 Nov, 2008 18:14:37
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Approval has been given by the Chinese Ministry of Commerce (MOFCOM) for InBev to takeover Anheuser-Busch Cos Inc (AB).
The Belgium brewer has now completed the deal and paid $52 billion to acquire AB.
Accordin...
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Fri 28 Nov, 2008 18:13:37
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UEM Land is planning to sell shares and Islamic bonds in order to fund various acquisitions.
The Business Times reported that the Malaysian property developer is hoping to accrue 1.2 billion ringgit ($334 million) to p...
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Fri 28 Nov, 2008 9:13:49
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Two rival Australian grain operators are reportedly in discussions about a possible merger that would see the creation of the nation’s biggest grain shipper.
If the merger between AWB and ABB Grain were to go ahea...
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Fri 28 Nov, 2008 8:41:44
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Building materials manufacturer and distributor Fletcher Building has announced that it will not be going ahead with a deal to acquire Australian steel product company Fielders Australia.
Jonathan Ling, the company's ch...
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Fri 28 Nov, 2008 8:40:51
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Australian Worldwide Exploration (AWE) has announced that it is healthy enough to be considering pursuing further acquisition opportunities in Australia and New Zealand.
AWE is clearly more than able to fulfil its promis...
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Fri 28 Nov, 2008 8:39:24
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Despite the economic downturn, investment bankers in the Asia-Pacific region remain reasonably optimistic and are "working hard to foster merger and acquisition deals".
That is according to Duncan Mavin of the...
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Wed 26 Nov, 2008 19:28:53
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Panasonic has made an offer below Sanyo's current stock price and Goldman Sachs has subsequently broken off talks with Panasonic for the time being.
The news follows Panasonic's announcement that it was planning to buy...
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Wed 26 Nov, 2008 19:27:59
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Australia's top insurer has confirmed that it will be acquiring US based underwriting agency ZC Sterling Corp for USD$575 million (AUD$882 million).
QBE Insurance Group confirmed that it would also be purchasing an...
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Wed 26 Nov, 2008 9:06:17
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BHP Bilton has announced that it will be pulling out of its AUD$102 billion takeover bid of Rio Tinto.
The move was announced despite the fact that the BHP had already secured US and Australian clearance for the deal....
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Tue 25 Nov, 2008 18:45:42
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Insurance companies based in China are likely to steer clear of the American International Group's (AIG) Asian assets, an expert has claimed.
According to Meng Zhaoyi, head of international issues at the China Insura...
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Tue 25 Nov, 2008 18:44:51
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The president of a heavy machinery maker in China has confirmed that his company are looking to acquire assets in the United States.
Jianguo Zhang, Zoomlion's president told Reuters that it has already been in talks a...
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Mon 24 Nov, 2008 18:49:23
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Technology companies NTT DoCoMo based in Japan and its South Korean partner KTF are set to join forces to develop a smartphone using Google software.
The partnership, announced by Nikkei business daily, will see Japan's...
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Mon 24 Nov, 2008 18:48:45
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Geoff Dixon, the chief executive of Qantas who will be stepping down from his position shortly comma has said that consolidation is "inevitable" and "highly desirable" for the airline.
Mr Dixon said t...
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Mon 24 Nov, 2008 18:47:58
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China Life Insurance has expressed interest in acquiring assets of American International Group (AIG).
The interest was reported to Reuters news agency by a senior China Life manager on Monday (November 24th).
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Mon 24 Nov, 2008 17:31:43
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New guidelines for mergers have been established by the Australian Competition and Consumer Commission (ACCC)
Australia's competition watchdog unveiled the new guidelines on Friday (November 21st) after a number of siza...
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Mon 24 Nov, 2008 17:29:22
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Two firms based in Japan are considering buying Independent Liquor, it has been reported.
According to Dow Jones Newswires, Asahi Breweries and Suntory Ltd have approached the owners of the Australasian alcohol group w...
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Fri 21 Nov, 2008 16:56:40
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A stake in the Keta block, an exploration area off the coast of Africa, has been acquired from Afren Plc by Japanese firm Mitsui & Co.
Mitsui revealed yesterday (Thursday, November 20th) that it is due to take contr...
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Fri 21 Nov, 2008 16:56:10
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Aflease Gold and BMA Gold have agreed to merge, it has been revealed.
Aflease announced yesterday (Thursday, November 20th) that it would be creating a new firm with the Australian company.
They will be known a...
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Fri 21 Nov, 2008 16:55:39
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Insurance firm China Life is considering making some overseas mergers and acquisitions, it has been reported.
According to the Financial Times, the company is thinking about seizing opportunities presented by the ensuin...
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Fri 21 Nov, 2008 14:41:31
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China Investment Corp (CIC) is leading a consortium to acquire a 49 per cent share in America Life Insurance, part of the American International Group (AIG), the Nikkei reported.
Nikkei cited sources close to the m...
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Thu 20 Nov, 2008 9:43:26
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BG Group confirmed that BG International (AUS) Investments has acquired over 90 per cent of the Queensland Gas Company.
The company said that it would be acquiring the remaining QGC shares but the compulsory acquisi...
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Thu 20 Nov, 2008 9:42:39
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Nomura's chief executive has said that he expects the current financial crisis will lead to more Japanese banks undergoing more global acquisitions and consolidations.
Kenichi Watanabe said that he also expected the st...
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Tue 18 Nov, 2008 14:22:20
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Anglo-Australian miner Rio Tinto has begun the sale of its borates and talcs businesses, Reuters has revealed.
The confirmation of the sale of two of the company’s units was confirmed on Friday (November 14th) and...
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Tue 18 Nov, 2008 10:07:31
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Bank of America (BOA) has confirmed it will be increasing its stake in China’s third largest bank, Reuters reports.
BOA will be increasing its share in China Construction Bank (CCB) to 19.1 per cent from 10.75 per c...
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Fri 14 Nov, 2008 15:20:46
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The Bioenergy Association of New Zealand (BANZ) and the New Zealand Biofuel Manufacturers Association (NZBMA) are lined up for a merger, it has been confirmed.
The BANZ Liquid Fuels Interest Group is to be created by a m...
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Fri 14 Nov, 2008 15:18:22
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The China Opportunity Acquisition Corp has teamed up with Golden Green Enterprises Limited to hammer out a definitive agreement between the two companies.
Golden Green Enterprises Limited and the China Opportunity Acquis...
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Fri 14 Nov, 2008 15:18:08
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A software development centre (SDC) owned by Motorola and based in Malaysia has been purchased by Satyam Computer Services Ltd.
Satyam revealed on Monday (November 10th) that the SDC is going to be bought up.
C...
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Fri 14 Nov, 2008 15:17:23
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A A$910 million takeover bid by National Foods Limited for Australia's Dairy Farmers milk co-operative has been approved.
The bid was accepted by shareholders on Thursday (November 13th) with almost 94 per cent of th...
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Wed 12 Nov, 2008 17:42:15
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McGarry Bowen, one of the largest independent advertising companies in New York is set to be acquired by Japan's biggest advertising firm, Reuters reports.
The deal is part of the Japanese company Dentsu's plans to boo...
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Wed 12 Nov, 2008 17:41:26
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An Australian property developer has acquired a 12.7 per cent strategic stake in a rival company, Reuters reports.
Stockland Group has bought a 12.7 per cent strategic stake in GPT Group sending GPT'S shares skyrocketi...
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Tue 11 Nov, 2008 18:19:18
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Edinburgh-based HBOS could be acquired by the Bank of China, the BBC reported.
The bank was reported to be in early talks with Jim Spowart an HBOS executive.
According to the BBC, investment company European Am...
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Tue 11 Nov, 2008 17:40:57
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Mitsubishi Rayon has announced that it is to undertake a $USD1.6 billion (AUD$2.5 million) cash takeover of Lucite International Group.
It is expected that the acquisition will be completed by the end of January 2009,...
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Mon 10 Nov, 2008 18:18:12
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A New Zealand based hyphenate business has announced that it will acquire an Australian document and data storage company for $AUD 3.5 million.
Freightways (FRE) made the announcement about the acquisition of Access Info...
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Mon 10 Nov, 2008 18:17:32
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The two state aircraft makers in China have successfully merged to form an aviation leader that eventually hopes to have a stock market listing, state media said.
According to Reuters, Shanghai Securities Journal quoted...
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Fri 7 Nov, 2008 19:01:10
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Panasonic has confirmed that it will acquire smaller rival Sanyo Electric to create Japan's top electronics maker, Reuters report.
The acquisition would make Panasonic the world's second largest conglomerate with a maj...
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Fri 7 Nov, 2008 18:59:44
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A Japanese pharmaceutical company has announced that it has acquired Indian drugs company firm Ranbaxy.
Daiichi Sankyo has bought a 63 per cent stake in Ranbaxy, a leading manufacturer of generic drugs.
Tak...
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Fri 7 Nov, 2008 18:59:35
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One of the largest private-sector steel mills in China has agreed to merge with a state-owned rival as the government attempts to push the consolidation through.
Economic pressures have led the Chinese government to ma...
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Fri 7 Nov, 2008 8:47:01
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Global Banking & Securities Transactions (GBST) is to acquire securities technology firm Coexis.
By acquiring Coexis, GBST hopes to be able to broaden its portfolio of products and services and continue with its expa...
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Fri 7 Nov, 2008 8:43:43
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Isuzu Motors may be about to acquire General Motors Corp's midsize truck business.
According to Reuters, the Nikkei newspaper reported Isuzu's president, Susumu Hosoi, as saying that the Japanese car manufacturer apparen...
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Fri 7 Nov, 2008 8:31:47
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Australia's biggest brewer Foster's Group has confirmed that Molson Coors Brewing company now has a five per cent stake in the company, Reuters reports.
In a statement Foster's had said that they had not been informed o...
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Wed 5 Nov, 2008 18:02:42
An agreement has been reached between tycoon Richard Li and China Netcom Group - the two largest shareholders of PCCW - to buy out other shareholders.
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The deal would mean China Netcom Group would become a private company...
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Wed 5 Nov, 2008 18:01:37
A Hong Kong-based investment bank has dropped its AUD$182 million takeover offer for Australian gold explorer Medusa Mining Ltd, Reuters reports.
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The deal between Medusa Mining and Crosby Capital reportedly fell throug...
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Wed 5 Nov, 2008 18:00:30
Electronics giant Fujitsu has announced that it will acquire Siemens AG's 50 per cent stake in the company's computer joint venture, Reuters reports.
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The deal will cost Fujitsu 450 million euros (AUD$843 million) and...
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Tue 4 Nov, 2008 16:58:42
The China Aviation Industry Corp (AVIC) is making preparations to acquire a foreign general aircraft manufacturer.
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That is according to China Daily, which claimed the state-owned aviation corporation was expecting to m...
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Tue 4 Nov, 2008 16:28:08
A merger between two Australasian companies will create the largest professional body dedicated to financial services in the world.
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The CII Group will be joining forces with the Australian and New Zealand Institute of...
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Tue 4 Nov, 2008 16:26:26
A company which specialises in product safety testing and certification has announced plans to acquire the assets of Wakefield Laboratories, an electric testing laboratory in Auckland.
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The acquisition by Underwriters Lab...
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Tue 4 Nov, 2008 9:34:20
PepsiCo has confirmed that it plans to invest in China and aims to fund a variety of major capital programmes in the country.
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The USD$1 billion (£632 million) investment is part of the food and beverage company's s...
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Mon 3 Nov, 2008 18:11:47
Rice producer China Organic has announced that it will be acquiring agricultural trading company Dalian Huiming Industry.
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The company has previously acquired 60 per cent of Dalian Huimin for $10.6 million (£6.6 milli...
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Mon 3 Nov, 2008 18:10:02
Panasonic could be looking to buy up Sanyo if reports from Japan are to be relied upon and the deal would create the country's largest ever electronics company.
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The Nikkei newspaper reported on the proposed acquisition...
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Fri 31 Oct, 2008 16:39:05
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Electric Power Development Co is planning to buy back an almost ten per cent stake from the London-based Children's Investment Fund (TCI).
The Japanese electricity company, generally known by its brand name J-Power, has...
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Fri 31 Oct, 2008 16:38:16
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The Japanese government is against plans for a merger by mining groups BHP Billiton and Rio Tinto.
According to Reuters, the Nikkei business daily reported on Wednesday (October 29th) that Japan believes such a merger w...
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Fri 31 Oct, 2008 16:37:00
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Air China Ltd is hoping to acquire a "small stake" in Shanghai Airlines Co, it has been reported.
According to Bloomberg, the carrier's president Cai Jianjiang has suggested that the airline is planning to pu...
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Fri 31 Oct, 2008 9:12:37
A Japanese company has acquired a 41 per cent stake in a business which provides marketing research and promotional services to pharmaceutical companies.
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Itochu Corp has taken an equity stake in one of the industry’...
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Fri 31 Oct, 2008 9:08:23
The head of Mazda Motor Corp has reacted to reports that struggling US car maker Ford Motor Company was planning to sell part of its controlling stake, Reuters reports.
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Commenting on the relationship between the two com...
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Thu 30 Oct, 2008 18:27:06
Australia’s largest gold producer has said that it is prepared to raise debt in its bid to pursue takeover opportunities, Reuters reports.
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The announcement came on Thursday (October 30th) following Newcrest Mini...
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Wed 29 Oct, 2008 17:59:31
Suntory, a Japanese beverage and food producer comma has said that it is ready to spend a further USD$2.2 billion (£1.3 billion) on acquisitions to further push growth.
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The company is privately held and has been b...
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Wed 29 Oct, 2008 17:59:01
The Australian government has given its backing to a proposed merger between rival banks Westpac and St George's, AFP reports.
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Insisting that the worsening financial crisis has changed the economic landscape and made suc...
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Wed 29 Oct, 2008 17:58:25
General Motors (GM) is due to ask its Japanese rival Toyota for help to turn around the ailing US automakers fortunes, Kyodo News reported.
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According to the agency, which cited various sources, the chairman of GM and the...
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Tue 28 Oct, 2008 13:19:52
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The British oil and gas company BG Group is set to acquire a stake in the Queensland Gas Company, it has been reported.
Late-stage talks are currently underway to secure a 24.9 per cent stake in the Australian company &...
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Tue 28 Oct, 2008 13:17:59
The merger of Sinotrans Group and China Changjiang National Shipping (CSC Group) has been approved by the Chinese state council.
An official announcement of the new entity - to be called Sinotrans CSC Group - will come in the next two months, official Shanghai Securities News reported, usi...
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Mon 27 Oct, 2008 13:09:54
The world's biggest miner, BHP Billiton, has said it is exploring options for taking over a number of "smaller companies" during the uncertain economic climate, the AAP reports.
Speaking at the company's annual general meeting for British shareholders, BHP chief executive Marius K...
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Mon 27 Oct, 2008 13:08:26
The strategic communications arm of FTI Consulting has succeeded in finalising the acquisition of Perth Consultancy.
In a move that will further strengthen FTI's capabilities within Australia, the company will now benefit from the expanded capabilities and expertise of a new Perth office.
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Fri 24 Oct, 2008 8:59:06
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The firm had been waiting for regulatory approval from governing bodies in the two countries before the deal could be finalised.
As part of the deal it is also shortly due to complete its takeover of PMI Mortgage Ins...
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Fri 24 Oct, 2008 8:58:51
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The firm now hold the rights to about 80 new Asian-style, casino-based table games that will shortly be brought to market after taking over TiDi Gaming of Australia.
Garr Winters, director of business development with RM...
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Thu 23 Oct, 2008 9:06:49
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The firm has been merged into China Three Gorges Project Corporation, according to sources close to the deal who spoke with China Knowledge Online.
A target has been set by the Assets Supervision and Administration Commis...
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Thu 23 Oct, 2008 9:06:32
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The company - a retailer and wholesale distributor of both consumer and business products in the Asian powerhouse - confirmed the partnership earlier this week in a press release.
Under the terms and conditions of the ag...
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Thu 23 Oct, 2008 9:06:11
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The company is targeting a 50 per cent stake in ING Capital Life Insurance Co, which is currently owned by Capital. The other half belongs to the Dutch financial-services firm ING.
That company also owns a 16 per cent s...
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Wed 22 Oct, 2008 13:38:21
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In a move that will create one of the industry's largest producers of metallurgical and thermal coal, Nemi announced today (October 21st) that it is backing the partnership.
Aviva shareholders will receive 0.59 Nemi sh...
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Wed 22 Oct, 2008 13:37:16
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A recent wave of mergers has rippled across the world as financial firms move to shield themselves from fears that they will become the next victim of the credit crunch.
But in Taiwan, several influential families and g...
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Tue 21 Oct, 2008 17:40:08
Global information services company Experian has confirmed that it will be acquiring a 40 per cent minority stake in Singapore's credit and information bureau, DP Information Group.
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DP is the leader in the provision of...
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Tue 21 Oct, 2008 9:16:41
Investment bank Greenhill & Company has announced that it will be expanding operations to Japan and has already taken the step of opening an office in Tokyo.
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It is planning to offer Japanese companies information o...
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Fri 17 Oct, 2008 18:25:00
A planned merger of two of Citigroup's Japanese units will be delayed, the Nikkei newspaper reports.
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The news came yesterday (October 16th) as the paper confirmed that Citigroup will hold back on its merger of brokerag...
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Fri 17 Oct, 2008 18:24:21
China has summoned five major dairy companies to come together to discuss the acquisition of the Sanlu Group, which had been involved in the tainted milk scandal.
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The Chinese milk manufacturers are believed to be inte...
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Thu 16 Oct, 2008 18:28:36
Approval has been given for a merger between China Eastern Airlines and rival Shanghai Airlines.
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According to China Business news, the Chinese government has said that the deal has been approved in principle, Reuter...
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Thu 16 Oct, 2008 18:28:01
China Medical Technologies has announced that it will be acquiring Molecular Diagnostics Technologies in order to purchase its HPV-DNA Biosensor Chip.
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The deal will also mean the acquisition of Surface Plasmon Resonance...
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Wed 15 Oct, 2008 19:13:06
Waning demand for commodities from China caused by the current economic situation could lead to delays in a deal to sell AUD$10 billion (£3.9 billion) in assets.
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Originally Australian company Rio Tinto, a global mi...
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Wed 15 Oct, 2008 19:12:19
Mitsui has confirmed that it will acquire six uranium deposits which are held by Uranium One.
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The deposits include the Honeymoon uranium project, which Mitsui has signed the sale and purchase agreement for.
The...
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Tue 14 Oct, 2008 18:33:35
A Shanghai based real-estate developer has announced that it will be acquiring the remaining 49 per cent stake in development firm Shanghai Haiji Real Estate.
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Shanghai Industrial Development is a 63.65 per cent owned uni...
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Mon 13 Oct, 2008 18:41:13
Chinese car makers Chery Automobile and SAIC Motor have denied being in talks about gaining access to Chrysler's US dealership network with Cerberus Capital Management.
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Cerberus is the majority owner of the US car ma...
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Mon 13 Oct, 2008 18:40:33
Mitsubishi UFJ Financial Group (MUFG) successfully completed the purchase of a stake in Morgan Stanley with help from the US government, Reuters reports.
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According to the news agency, investors had feared that the deal...
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Fri 10 Oct, 2008 18:38:29
China can pull through the world's economic downturn, the country's government has asserted.
According to the official Xinhua news agency, vice premier Wang Qishan has said that China's main aim is to deal with its own financial problems first and foremost, Reuters reported.
Wang i...
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Thu 9 Oct, 2008 17:31:17
An Australian mineral explorer has reported that it is selling its assets to concentrate on "larger projects", The Australian reports.
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Adelaide Resources is to sell its mineral sands assets in the Eucla Basin...
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Wed 8 Oct, 2008 18:32:27
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Mitsubishi UFJ Financial Group (MUFG) has asserted that it is full steam ahead for its billion dollar investment in Morgan Stanley.
Japan's largest bank has said that there is "no truth" in the rumours that it...
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Wed 8 Oct, 2008 18:31:57
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HBOS has agreed to sell its Australian banking business to the country's second largest bank.
Commonwealth Bank will purchase HBOS's BankWest and other assets for AUD$2.1 billion (US$1.5 billion).
St Andrews,...
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Tue 7 Oct, 2008 18:16:29
It has been confirmed that New Zealand's largest building products and construction company it is to buy up steel products company Fielders Australia.
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Reuters reported the news and said that while no purchase price was g...
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Tue 7 Oct, 2008 18:15:41
Japan’s Toshiba Corp is in talks to buy chip maker Spansion, it has been reported.
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According to Reuters, two industry sources have claimed that Toshiba is in talks with the US organisation.
The news agency...
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Mon 6 Oct, 2008 16:41:34
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Tatts Group Ltd is considering an acquisition of one of Australia's state lotteries, it has been reported.
According to Reuters, the lottery in New South Wales is "top of [the] wish list" of the gaming group.<...
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Mon 6 Oct, 2008 16:41:03
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China Biologic Products has announced plans to purchase a huge interest in Chongqing Dalin Biologic Technologies.
The plasma-based biopharmaceutical company revealed on September 26th that it has agreed to acquire a 90...
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Sun 5 Oct, 2008 20:11:17
Australia needs to rethink its policy about stopping the top four banks from merging to avoid falling behind the US, Reuters reports.
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That is according to an executive at the Australia and New Zealand Banking Group (ANZ...
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Fri 3 Oct, 2008 19:06:17
Japanese broadcaster NHK has provided details of a reported merger of Mitsubishi UFJ Financial Group and US investment bank Morgan Stanley's brokerage units in Japan.
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Mitsubishi UFJ is Japan's largest bank and Kyodo n...
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Thu 2 Oct, 2008 18:07:24
Tom Albanese, chief executive of Rio Tinto has said he believes that the current market turmoil is going to have no impact on its rejection of BHP Bilton Ltd's takeover bid.
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Mr Albanese has said that the company does no...
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Wed 1 Oct, 2008 17:32:29
Following concerns over global miner BHP Bilton's proposed AUD$114 billion bid for Rio Tinto, Australia's competition watchdog has cleared the bid, Reuters reports.
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The Australian Competition and Consumer Commission (...
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Wed 1 Oct, 2008 17:30:26
It has been announced that Sumitomo Mitsui Financial Group is to increase its stake in Barclays Plc, specifically in commodity derivatives and project finance.
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Commenting on its current agreement, Sumitomo Mitsui said...
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Tue 30 Sep, 2008 16:12:15
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Maybank has acquired a controlling stake in Bank Internasional Indonesia (BII).
The Malaysian bank announced today (Tuesday, September 30th) that it had sealed the purchase after persuading BII's core shareholders t...
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Tue 30 Sep, 2008 16:11:33
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The Japanese acquisition of foreign companies looks set to continue to rise this year.
According to a report by Reuters, a number of industry experts have said that Japanese companies will keep taking advantage of the...
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Tue 30 Sep, 2008 16:11:10
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An investigation into the acquisition of a number of Mitre 10 stores is to be launched by the Australian competition regulator.
Rival hardware chain Bunnings, which is owned by Wesfarmers, purchased and re-branded five...
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Tue 30 Sep, 2008 16:10:42
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Sinopec is set to acquire Tanganyika Oil following support from major shareholders in the Canadian company.
As reported by the Financial Times, the Chinese refiner will pay C$31.50 per share and is expecting to acquire 1...
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Mon 29 Sep, 2008 17:25:30
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One of the biggest electronics retailers in Australia has revealed potential plans for an internal merger.
Retravision, which is based in various parts of the country, is considering merging its northern, western and so...
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Mon 29 Sep, 2008 17:24:37
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A bid million dollar bid for the Chinese Huiyuan Juice Group Ltd is likely to be rejected.
That is according to American investment banker Donald Straszheim, who believes that the $2.5 billion acquisition bid from Coco-...
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Mon 29 Sep, 2008 17:23:59
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Mitsubishi UFJ Financial Group Inc (MUFG) is to purchase a stake in Morgan Stanley.
Japan's largest bank agreed a deal with Morgan Stanley today (September 29th) for a 21 per cent equity stake.
In a joint stat...
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Fri 26 Sep, 2008 16:07:26
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Sources close to the situation predicted that the deal would fetch "hundreds of millions" of dollars, with owners reportedly hoping to conclude the sale by the end of the year.
One unnamed individual close to t...
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Fri 26 Sep, 2008 16:06:58
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Officials in the company requested the move after they received an internal note from an unspecified department advising that research be carried out into a merger.
The suspension will remain in place until such time as...
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Thu 25 Sep, 2008 18:04:14
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The two companies will combine to create a fully integrated Chinese telecommunications service provider, subject to the attainment of standard merger agreements.
Barring unforeseen developments, the deal will become...
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Thu 25 Sep, 2008 18:03:57
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A source close to the deal told the Reuters news agency that Japan's largest commercial bank is expected to pay Morgan Stanley US$31.25 (AUD$37.19) per share.
Stock in Morgan Stanley have taken a beating in recent days...
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Thu 25 Sep, 2008 18:03:37
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The AUD$718 million merger will combine ABM's Savage River magnetite mining and pellet operation in Tasmania with Grange's Southdown magnetite project in Western Australia.
The Southdown project is a joint venture betwee...
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Wed 24 Sep, 2008 18:36:16
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The company had initially applied for a 100 per cent stake in Murchison, TradingMarkets.com reports, but it subsequently withdrew that application.
Its change of heart followed a ruling by Australia's government that the...
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Wed 24 Sep, 2008 18:35:29
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China's largest privately-owned steelmaker has said no decision is expected in the immediate future, but it indicated that more should be known by the end of the month.
The Chinese firm does not expect its talks on the p...
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Tue 23 Sep, 2008 18:13:33
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The company, which provides public transportation information systems technology, will acquire 85 per cent ownership of Dalian Dajian Zhitong Information Service Co.
Dajian Zhitong is one of the leading taxi media operato...
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Tue 23 Sep, 2008 18:12:50
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The Chinese insurance intermediary is paying a total consideration of 220 million yuan (AUD$38.5 million), with the transaction due to be completed in the fourth quarter of 2008.
CNinsure insisted that the deal is subjec...
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Tue 23 Sep, 2008 18:12:45
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Making its second manoeuvre on the US bank's overseas assets in under 24 hours, Japan's biggest brokerage said its involvement would be good news for European staff.
It predicted that a "significant proportion"...
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Mon 22 Sep, 2008 19:26:26
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The Chinese bank confirmed it will buy a 20 per cent stake in La Compagnie Financiere Edmond de Rothschild, paying a total of 236 million euros (AUD$411 million).
Both banks will then work together to develop private ba...
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Fri 19 Sep, 2008 18:37:26
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The US Federal Reserve effectively nationalised AIG on Wednesday (September 17th) when it committed to lending the insurance firm US$85 billion (AUD$105 billion).
That move allowed AIG to avoid declaring bankruptcy,...
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Thu 18 Sep, 2008 18:19:00
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Citing unnamed sources close to the deal, CNBC is reporting that talks are ongoing, though no announcements are expected in the immediate future.
Following the collapse of Lehman Brothers and the dramatic rescues of Ame...
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Thu 18 Sep, 2008 18:18:34
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Several analysts believe that Japan's well-capitalised insurers are ideally positioned to make some profitable acquisitions should the industry giant decide to sell assets.
Yesterday (September 17th), AIG was rescued...
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Thu 18 Sep, 2008 18:18:16
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Operating through its subsidiary Auswest Seeds, the company will officially takeover Stephen Pasture on October 31st.
PGG Wrightson general manager John McKenzie said that the purchase would enable his firm to bolster th...
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Wed 17 Sep, 2008 19:26:45
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The consortium submitted a bid of SGD$3.96 billion dollars (AUD$3.53 billion) to acquire Singapore's largest power generation company.
Senoko Power Limited is a wholly-owned subsidiary of state-owned investment company T...
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Wed 17 Sep, 2008 19:26:20
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Issuing a press release about the acquisition, Good Life China described Henan Sunjock Dairy as an "early adopter" of modern dairy farming that has enjoyed strong growth.
It noted that during the first two quart...
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Wed 17 Sep, 2008 19:25:54
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The firm is offering a trade-off of 0.6 of its shares for each share in Huntley, which amounts to a 10.9 per cent premium to Huntley's closing share price.
If the two companies merge, their combined market capitalisation...
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Tue 16 Sep, 2008 20:12:02
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Seeking to capitalise on overseas demand for railway car motors, the Japanese firm hopes to add Toyo Denki to a long list of recent acquisitions that strengthen its Chinese presence.
Nidec said it is willing to pay 635 y...
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Tue 16 Sep, 2008 20:11:34
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The talent management company plans to open a number of offices in Singapore and Sydney as part of a wider strategy to expand its international presence beyond Germany and the US.
Its decision follows a recent merger of...
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Mon 15 Sep, 2008 19:44:05
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US-based RSI Home Products Inc employs more than 5,000 people in China, Mexico and America, with revenue of US$480 million (AUD$597 million) for the 12 months ending June 30th.
Onex is buying into the company to the...
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Mon 15 Sep, 2008 19:43:43
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The firm succeeded in finalising the first-ever Chinese acquisition of a domestic Australian mining company when it completed a AUD$1.36 billion acquisition of the iron ore miner.
BusinessDay reported that the deal was...
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Fri 12 Sep, 2008 17:06:48
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Sun Hung Kai Properties is "likely" to offload its 58 per cent stake in the Special Administrative Region (SAR) 2G/3G mobile operator SmarTone-Vodafone, TradingMarket.com reports.
The Hong Kong-based property d...
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Wed 10 Sep, 2008 18:21:30
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Japanese dairy goods maker Meiji Dairies Corp and chocolate producer Meiji Seika are holding talks about a possible merger.
Broacaster NHK is reporting that the two companies are in the final stages of merger talks to c...
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Wed 10 Sep, 2008 18:21:19
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Semiconductor maker Vishay Intertechnology has increased the size of its takeover bid for International Rectifier to US$1.7 billion (AUD$2.1 billion).
Following the rejection of an earlier bid the company is now offering...
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Tue 9 Sep, 2008 18:08:02
Origin controls one of the region's largest known coal-bed methane plays and had previously received a 100 per cent acquisition offer of about US$11 billion (AUD$13.6 billion) from BG Group.
That proposal now appears to be dead in the water following the sizable ConocoPhillips advance, whic...
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Tue 9 Sep, 2008 18:07:47
Having originally offered 430 million ringgit (AUD$155 million) when the deal was proposed on March 21, the firm has now cut that figure substantially to 327.1 million ringgit (AUD$118 million).
Maybank said it had decided to lower the price in response to the deteriorating economic situati...
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Mon 8 Sep, 2008 18:27:47
The larger company has tendered an offer of AUD$349 in cash and script for its competitor, amounting to 0.792 of its own shares and five Australian cents in cash for Anzon Australi.
According to Reuters calculations, that offer is worth somewhere in the region of AUD$0.94 a share based on c...
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Mon 8 Sep, 2008 18:27:29
Westpac's proposed takeover of rival St George has been deemed "fair and reasonable" by independent expert Grant Samuel.
The larger company today (September 8th) unveiled a revised merger proposal which took in a higher dividend for St George shareholders, affording them up to AUD...
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Mon 8 Sep, 2008 18:27:12
The company is expected to merge its consumer finance business with the rival firm after raising its stake in the lender.
It currently owns just 15 per cent of Acom but intends to boost that stake to 40 per cent, the Nikkei business daily reports.
Hemscott quote a spokesman for the...
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Fri 5 Sep, 2008 18:04:36
The company earlier said it is considering "various opportunities" and that "nothing has been decided yet," but the Times is reporting that a full acquisition is already in the offing.
SanDisk has recently struggled to cope with the fallout from the shrinking global Nand...
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Thu 4 Sep, 2008 18:50:21
Coming to a backdrop of widespread consolidation, Koei made no secret of its desire for a merger but was reportedly dissatisfied with Tecmo's AUD$250 million offer.
Its announcement follows a number of high-profile deals in the global gaming industry, most notably including a tie-up between...
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Wed 3 Sep, 2008 20:12:57
NAB chief executive-elect Cameron Clyne is being invited to consider the direct swap, which would boost his bank's exposure to the lucrative West Australian economy.
Experts estimate that the move would release more than AUD$5 billion in capital for the bank, basing that assessment on the c...
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Tue 2 Sep, 2008 17:46:09
The deal was finalised late last week and ICE expects to file a Current Report on Form 8-K with the Securities and Exchange Commission prior to the close of business today (September 2nd).
Including a working capital adjustment, total consideration came to AUD$614 million. That figure compr...
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Tue 2 Sep, 2008 17:45:40
The deal means that the retail-focused private equity seller will now receive a welcome boost to its ongoing fundraising efforts.
It has banked 150 million euros (A$260 million) of the 167 million euro (A$290 million) payout, and is seeking to free up a further 400 million euros (A$695 mill...
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Mon 1 Sep, 2008 17:22:35
The Asia-focused buyout group completed the $360 million (AUD$423 million) take over of the education and training company by providing $150 million (AUD$176 million) of equity.
Its acquisition vehicle, Premier Education BidCo Limited, completed the cash offer it made in July for the entire...
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Mon 1 Sep, 2008 17:21:52
Primary acquired the pharmaceutical offshoot as part of its AUD$2.7 billion takeover of the Symbion group in February.
The consumer business makes and distributes vitamins and mineral supplements as well as a variety of over-the-counter brands throughout Australia and New Zealand.
...
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Fri 29 Aug, 2008 17:13:15
Potential buyers are being sought by CVC Capital and Standard Chartered for Amtek Engineering.
Citing "sources familiar with the matter", Reuters reported that the joint owners have a few reasons for wanting to sell Singapore-based metal stamping firm Amtek.
In particular...
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Fri 29 Aug, 2008 17:12:54
BG Group Plc has requested more information from Origin Energy Ltd regarding the latter's rejection of its A$13.8 billion takeover bid.
That is according to the Takeover Panel, Australia's takeover regulator, which has said that it has been sent an application for more information regarding...
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Thu 28 Aug, 2008 16:29:46
UK-based insurer Friends Provident is looking to make some acquisitions in Asia.
David Knights, general manager Hong Kong for Friends Provident International, has revealed that the organisation is interested in moving beyond the markets in Hong Kong and Singapore.
Speaking during a...
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Thu 28 Aug, 2008 16:29:11
Chinese firm Sinopec has said that it will not be making a counter bid for Imperial Energy.
It was "widely speculated" that Sinopec would be the second suitor for London-listed firm Imperial, according to Reuters.
However, the organisation has announced in an official sta...
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Wed 27 Aug, 2008 13:11:28
The bid deadline for the Australian mortgage business of General Electric Co has been extended, media reports have suggested.
According to Reuters, a source "with direct knowledge of the matter" has revealed that bids are still coming in despite the mid-August deadline having now...
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Wed 27 Aug, 2008 13:10:43
Ping An Insurance Group Co is not worried about its investment in Fortis, an executive at the firm has revealed.
According to executive Jin Shaoliang, the firm believes that the development potential of Fortis is "very strong".
Speaking to an online forum today (Wednesday...
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Tue 26 Aug, 2008 16:45:41
Two of china's biggest tobacco firms are said to be planning a merger.
According to the Shanghai Securities News, Honghe Group and Hongyun Group are making steps towards joining together, Reuters reported.
If the merger goes ahead, the combined companies will be the fourth-largest...
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Tue 26 Aug, 2008 16:45:12
Aluminium Corp of China's (Chinalco) recent acquisition of a minor stake in Rio Tinto Plc has been approved by Australia.
The powerful Chinese aluminium company began to purchase shares in the aluminium producer earlier this year. Rio Tinto is the second largest iron ore producer in the wor...
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Fri 22 Aug, 2008 13:16:02
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Mumbai-based drug company Lupin has announced an acquisition deal for a 30 per cent stake in Australia's Generic Health.
The company has acquired the stake in the generic drug supplier for an undisclosed amount.
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Fri 22 Aug, 2008 13:14:51
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Singapore state investment company Temasek Holdings has announced that it is preparing to invest more in western financial groups.
Suppiah Dhanabalan, Temasek chairman, said that if there was an opportunity, "we wo...
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Fri 22 Aug, 2008 13:13:47
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Australian banking and investment house Macquarie International Holdings is expected to acquire Thai Military Bank (TMB).
Macquarie will purchase a 51 per cent stake in the bank, with the purchase of the outstanding sha...
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Thu 21 Aug, 2008 11:48:46
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Australian cement producer Adelaide Brighton has announced that it is eyeing the concrete pipes business from Cemex.
Mark Chellew, managing director of Adelaide Brighton, said that the group would be interested in the Hum...
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Thu 21 Aug, 2008 11:47:47
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Mizuho Financial Group has announced that it will invest A$138 million in US investment bank Evercore Partners.
The Japanese bank said in a statement that it had agreed to buy A$138 million worth of convertible bonds in E...
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Wed 20 Aug, 2008 11:45:07
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Trucking company YRC worldwide has announced that it has entered an acquisition deal for Chinese hauler Shanghai Jiayu.
YRC said it will pay almost A$52 million for 65 per cent of the company's stock and A$45 for the rem...
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Wed 20 Aug, 2008 11:43:58
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Macquarie airports have revealed asset sales and a A$1 billion security buyback that is expected to lead to a partial privatisation.
Shares in the airport rose to 9.93 per cent to A$3.10 in late afternoon trade today (Au...
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Wed 20 Aug, 2008 11:42:53
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Queensland Gas has announced that it has agreed to buy Sunshine Gas for at least A$837 million.
The offer has valued the coal-seam gas company as A$2.70 per share or A$2.88 depending on whether shareholders accept the st...
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Tue 19 Aug, 2008 11:28:18
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Mitsubishi UGJ Financial Group (MUFG) has announced that it has increased its bid for UnionBanCal.
The group has sweetened its acquisition bid by 17 per cent to A$4.04 billion, securing a deal four months after its initi...
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Tue 19 Aug, 2008 11:27:22
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China's CNPC and Sinopec have announced that they have put in a joint bid for Petro-Tech Peruana.
It is expected that Peruana will announce whether the two Chinese oil and gas firms have been successful by late September...
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Tue 19 Aug, 2008 11:26:17
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Australia's Origin Energy has confirmed today (August 19th) that its shareholders should reject BG Group's acquisition bid.
In a statement to its shareholders, Origin said that BG's offer undervalues the firm's business...
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Mon 18 Aug, 2008 12:18:34
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The Commonwealth Bank of Australia (CBA) has said that it plans to make a A$6 billion bid for BankWest.
This comes after CBA's decision last week not to buy the Australian investment banking operations of ABN AMRO.
...
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Mon 18 Aug, 2008 12:17:35
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China Oilfield Services Ltd (COSL) has announced today (August 18th) that it has had acceptances for a A$2.9 billion bid for Norwegian Awilco Offshore.
This will come from shareholders with 98.8 per cent of the stock, r...
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Mon 18 Aug, 2008 12:16:17
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Russian steelmaker Evraz Group has announced that it has another six months to complete its acquisition of Chinese steelmaker Delong Holdings.
It is thought that the bid will have to overcome Beijing's reluctance to all...
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Fri 15 Aug, 2008 11:54:31
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Beijing Automotive Industry and Guangzhou Automobile Group have announced that they are vying for a major stake in Chinese sport utility maker Hunan Changfeng.
It is believed that talks last year may lead to Guangzhou Au...
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Fri 15 Aug, 2008 11:52:47
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China Anshon Iron and Steel Group has announced that it has acquired a 5.1 per cent stake in each of Panzhihua's listed firms.
The three listed companies of the Panzhihua group said earlier this month that they did not w...
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Fri 15 Aug, 2008 11:51:47
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Woolworths has announced that it will seek leave to appeal a New Zealand court ruling barring it to make an acquisition bid for the Warehouse Group.
Australia's largest retailer said that the application for leave in ord...
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Thu 14 Aug, 2008 10:38:49
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Chinese state oil firms have announced that they are preparing bids for Petro-Tech Peruana, a privately-held oil company with assets in Peru.
It is thought that the deal could reach between A$1.7-A$2.7 billion, sources w...
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Thu 14 Aug, 2008 10:37:22
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QBE has announced this week that it has signed a definitive agreement for an acquisition of Australia's PMI Mortgage Insurance.
It is thought that the acquisition will be subject to regulatory approvals and will follow e...
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Wed 13 Aug, 2008 11:36:52
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Singapore DBS Group Holdings has announced that it does not plan to buy a bank in China.
The company has said that instead of acquiring a Chinese bank, it will focus on expanding it existing business, reports Reuters.
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Wed 13 Aug, 2008 11:35:28
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The Australian Competition and Consumer Commission (ACCC) has cleared the way for a merger between Westpac and St George banks.
The regulator said earlier this week that Westpac's proposed A$17.7 billion acquisition of S...
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Wed 13 Aug, 2008 11:34:26
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CSL, the world's second largest maker of blood plasma products, has announced that it has agreed to buy Talecris Biotherapeutics.
The firm plans to buy the company for A$3.5 billion cash in the biggest acquisition by an...
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Tue 12 Aug, 2008 12:58:40
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Japan's Yamaha Corporation has announced that it is seeking to acquire French manufacturer NEXO SA.
This follows Yamaha's strong and successful strategic alliance with the acoustic speaker systems firm since 2005.
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Tue 12 Aug, 2008 10:33:46
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China Eastern Airlines announced yesterday (August 11th) that it would continue to seek investors after the expiry of a stake sale to Singapore Airlines (SIA).
The acquisition deal with SIA and Temasek Holdings expired o...
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Tue 12 Aug, 2008 10:32:42
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Japan's largest bank, Mitsubishi UFJ, has announced that it will pay A$3.3 billion to make US unit UnionBanCal a wholly-owned subsidiary.
It is thought that this acquisition will make Mitsubishi UFJ the latest big Tokyo...
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Mon 11 Aug, 2008 12:30:32
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Australian farming cooperative Murray Goulburn has announced that it has made an acquisition bid for dairy producer Dairy Farmers.
This news comes after a deal with Italy's Parmalat fell apart last week, a source told R...
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Mon 11 Aug, 2008 12:29:26
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Australian gaming company Tabcorp Holdings has said that a merger with Tatts Group will not be beneficial to the company.
Elmer Funke Kupper, chief executive of Tabcorp, said that a merger was not high on the agenda, de...
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Mon 11 Aug, 2008 12:28:28
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Swiss oil trader SA has announced that it is likely to see its half stake in Singapore shipping firm FR8 to co-owner D/S Torm.
It is thought that this will mean that the Danish shipper will have full control of FR8, rep...
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Fri 8 Aug, 2008 11:57:42
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Westpac Banking Corporation, Australia's second-largest lender, has announced that profits are set to increase.
The firm is expecting a brighter outlook after it managed to avoid the credit market upheaval that wipe...
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Fri 8 Aug, 2008 11:56:28
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Singapore's Neptune Orient Lines (NOL) has announced that it has made the shortlist in the bidding for the acquisition of Hapag-Lloyd.
The deal is expected to cost the south-east Asian company over A$7 billion, repo...
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Thu 7 Aug, 2008 11:02:36
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Southeast Asia's largest container shipping company Neptune Orient has announced its first profit decline in five quarters.
It is thought that the stock has fallen to its lowest rate in more than a year due to high fuel c...
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Thu 7 Aug, 2008 11:01:29
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Chinese authorities have the delayed the sale of Belgian-Dutch firm Fortis to China's Ping An Insurance.
Fortis said that it is attempted to boost its solvency by selling half its asset management arm to Ping An, reports...
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Thu 7 Aug, 2008 10:59:06
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Chinese coal bed methane firm Green Dragon has announced that has acquired agreements with Beijing Nanhai Environment Engineering.
It is also thought that several private investors are also involved in the acquisition of...
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Wed 6 Aug, 2008 12:13:18
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Regulations that set specific guidelines for the new anti-monopoly law in China have been announced.
The guidelines were set out by the State Council on Monday (August 4th) in order to provide direction for the enforceme...
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Wed 6 Aug, 2008 12:11:55
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Newmont Mining Corp has announced that it is considering a sale of its 50 per cent stake in Kalgoorlie Consolidated Gold Mines.
Omar Jabara, a spokesman for Newmont, said that the group was considering options for its st...
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Wed 6 Aug, 2008 12:10:32
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The chief executive of Australian ports and rail operator Asciano has said that the board is open to a fair acquisition offer.
Earlier this week, the group rejected an unsolicited acquisition bid of A$2.89 billion, accor...
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Tue 5 Aug, 2008 12:28:52
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China's top steel maker, Panzhihua, has announced that it is sticking to its original merger plan.
The group's three listed units said today (August 5th) that it will not change its plans despite negative rumours which c...
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Tue 5 Aug, 2008 12:27:27
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Shanghai-based Ping An Insurance Group has announced that it plans to acquire up to ten per cent of pharmaceutical firm Yannan Baiyao.
It is expected that the acquisition deal could be worth up to A$278 million at curren...
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Tue 5 Aug, 2008 12:26:16
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Japan's largest leasing company Orix and consumer credit firm Credit Saison are said to be in merger talks.
Reports suggest that the two companies are seeking a deal to form a A$113 billion finance group.
The me...
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Mon 4 Aug, 2008 13:32:44
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The Hang Seng China Enterprises Index has lost 248.63 points, or 1.98 per cent at its close on Monday, August 4th.
The index, which was initiated 14 years ago and readjusted in March 2008, tracks the performance of 42 C...
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Mon 4 Aug, 2008 10:57:58
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Chief executive and main shareholder of Arcelor-Mittal Lakshmi Mittal has put plans on hold for an acquisition of Chinese steel maker China Oriental.
Mr Mittal commented to the Financial Times that he may settle for an...
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Mon 4 Aug, 2008 10:56:54
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Australia's port and rail operator Asciano has rejected a private equity acquisition bid worth A$2.9 billion.
The company claims that the offer from an unsolicited source undervalued its business, according to recent re...
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Fri 1 Aug, 2008 10:51:12
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The Chinese government will soon be able to block mergers and acquisitions under a new anti-monopoly law, which comes into force today.
The law means that China will be able to block mergers between foreign companies wit...
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Fri 1 Aug, 2008 10:50:04
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Australian businessman Solomon Lew and his investment business Premier has announced that it may be nearing an acquisition of Just Group.
Reports suggest that the firm has accepted a 46.27 per cent of the share in the A...
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Thu 31 Jul, 2008 10:34:20
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China's People Medical Publishing House (PMPH) has announced its acquisition of the medical and dental book line from Canadian BC Decker.
It is expected that Martin Wonsiewicz, who was named president in January 2008, wil...
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Thu 31 Jul, 2008 10:33:17
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China is preparing to move into Africa in order to carry out a number of new acquisition deals, according to latest reports.
Groups of Chinese bankers are currently eyeing potential acquisition targets in Africa's oil, ga...
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Thu 31 Jul, 2008 10:32:16
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Health-care products manufacturer Johnson and Johnson has announced that it has secured an acquisition deal with China's Beijing Dabao Cosmetics.
It is thought that the move is designed to expand Johnson and Johnson's pre...
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Wed 30 Jul, 2008 10:35:41
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Malaysia's central bank has barred lender Maybank from acquiring Indonesia's Bank Internasional Indonesia (Bll).
The decision to stop the acquisition deal saw shares in the company soar yesterday (July 29th) as investors...
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Wed 30 Jul, 2008 10:34:28
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PT Astra, Indonesia's largest automotive distributor, has announced an 85 per cent jump in second quarter net profits.
It is thought that Astra has benefited from surging commodity prices as well as demand for its cars a...
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Tue 29 Jul, 2008 10:48:17
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A number of new mergers and acquisitions are expected to take place in Thailand after a relaxation of banking laws in the country.
Foreign banks are anticipated to take advantage of the loosening of banking rules to incr...
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Tue 29 Jul, 2008 10:46:10
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US aluminium giant Alcoa is in talks to acquire a stake in China's aluminium smelting sector, according to recent reports.
Alcoa initially approached the parent company of Ming Zhu Aluminium to buy the smelter in 2003.
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Tue 29 Jul, 2008 9:58:27
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Japanese media and TV group Tokyo Broadcasting System (TBS) has announced today (July 29th) that it is to acquire retail group StylingLife.
TBS said that it would spend A$200 million in order to acquire a majority stake...
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Mon 28 Jul, 2008 11:07:01
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Chinese commodities trading house Sinosteel has announced that it has extended its offer for Australian iron ore prospector Midwest.
Sinosteel's A$1.36 billion acquisition bid overtook that of Midwest's neighbouring min...
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Mon 28 Jul, 2008 11:06:03
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Solar manufacturer SunPower has announced that it has acquired its third solar integrator, Australia's Solar Sales.
SunPower said that the acquisition of Solar Sales would form a base for the firm to extend its commerci...
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Mon 28 Jul, 2008 11:04:38
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Australian retailer Just Group has announced that it has rejected a revised acquisition offer from businessman Solomon Lew.
The Australian billionaire upped his acquisition bid to A$810 million on Friday (July 25th) but...
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Fri 25 Jul, 2008 14:00:00
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Japan's Nippon Life Insurance has announced that it is to acquire a five per cent stake in US fund and index group Russell Investments.
It is expected that the acquisition will allow Russell to expand its overseas presenc...
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Fri 25 Jul, 2008 11:00:00
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Australian bulk handler GrainCorp has announced that it will not up its takeover bid for stock feed company Ridley Corporation.
The offer currently values Ridley at A$415 million and gives shareholders one GrainCorp share...
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Fri 25 Jul, 2008 9:00:00
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Australian investor, Solomon Lew, has upped his acquisition bid for Just Group and has said that he wishes to complete the deal in a month.
Mr Lew's company, Premier Investments, sparked a share price rally this week by u...
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Thu 24 Jul, 2008 10:30:17
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National Foods, the Australian arm of Kirin Holdings and Warrambool Cheese and Butter Factory has gained clearance for a merger bid for Dairy Farmers.
The Australian Competition and Consumer Commission (ACCC) said in a st...
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Thu 24 Jul, 2008 10:28:46
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Property firm Mapletree Investments is expected to express its support for a rights issue by Mapletree Logistics Trust.
The company, which is owned by Singapore state investor Tamesek, said it would support the rights iss...
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Thu 24 Jul, 2008 10:27:29
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China's Hebei Zhongxing Automobile Co has announced that it is in acquisition talks with General Motors (GM) and Chinese car manufacturer FAW Group.
It is thought that the company is in talks over a merger to explore oppo...
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Wed 23 Jul, 2008 17:35:39
Two Chinese airlines may be set to merge, according to reports in the country's state media.
China Eastern Airlines and Shanghai Airlines could join in a bid consolidate aviation resources, a report in Caijing magazine suggested.
An unnamed source stated: "So far the discussio...
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Wed 23 Jul, 2008 17:34:52
The Commonwealth Bank of Australia (CBA) has entered talks to purchase ABN Amro's Australian and New Zealand operations, it has been revealed.
According to the financial services provider, it has entered into a period of exclusivity in negotiations for the local arm of the Dutch bank.
<...
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Tue 22 Jul, 2008 18:07:04
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Australian global resources firm BHP Billiton has called on the government of Australia to approve its bid to take over Rio Tinto, or risk losing ownership of its natural resources to the Chinese.
Urging regulators to app...
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Tue 22 Jul, 2008 18:05:41
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China Holdings Acquisitions has announced that it will make an offer to acquire Bright World Prevision Machinery, an established Chinese manufacturer of high-performance metal stamping machines.
The transaction, which wa...
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Mon 21 Jul, 2008 14:00:00
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The private equity arm of AMP has announced that it has received a number of offers for Australian Jeminex Group.
AMP said that the company already has an enterprise value of A$400 million in its portfolio, reports Reuter...
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Mon 21 Jul, 2008 12:00:00
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Ranbaxy Laboratories yesterday (July 17th) announced that its deal to sell Japanese drug firm Daiichi Sankyo is "binding and final".
A joint statement issued by the companies claimed that after "intense spe...
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Mon 21 Jul, 2008 11:00:00
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China's car manufacturer Jiangxi Change announced on Friday (July 18th ) that it is to acquire two aerospace units from China Aviation Industry.
The acquisition of the units, worth up to $A137 million will mean that the g...
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Fri 18 Jul, 2008 11:00:00
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Australian mining contractor Ausdrill has announced that it is to acquire Taylor Wimpey's subsidiary Taysec Construction.
It is thought that the company will buy Taysec, as well as its mobile fleet and mining contract to...
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Fri 18 Jul, 2008 9:00:00
Indonesia's PT Bumi has announced that has acquired a stake in Australia's Herald Resources.
It is reported that Bumi raised its acquisition stake in Herald to 51.35 per cent up from 19.94 per cent, according to a notice on the Australian Stock Exchange today (July 17th).
Acquisiti...
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Thu 17 Jul, 2008 12:02:49
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China's Sinosteel has announced that it has upped its stake in Australian iron ore explorer Midwest.
It is expected that the acquisition offer will close on Friday July 18th, with Sinosteel's latest bid standing at 54.01...
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Thu 17 Jul, 2008 12:01:42
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French firm Vilmorin and Cie has announced that it is to acquire a 25 per cent stake in Australian Grain Technologies (AGT).
The exact amount the acquisition will set the company back is undisclosed as yet, according to l...
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Wed 16 Jul, 2008 12:50:31
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China's CITIC Resources Holdings has announced that it has upped its stake in the acquisition of Australia's Macarthur Coal.
The Chinese metals and minerals processor announced on Tuesday July 15th that it had upped its...
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Wed 16 Jul, 2008 12:48:55
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Asia Distribution Solutions has announced that it is in takeover talks with an unnamed third party.
The Chinese beverages distributor said today (July 16th) that it is due to make an announcement soon.
It is tho...
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Wed 16 Jul, 2008 12:45:43
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Australian energy company Roma Petroleum has announced that it is considering merger and acquisition offers.
The firm received a bid of A$48.4 million from Queensland Gas Co Ltd this week in response to a rival bid from...
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Tue 15 Jul, 2008 13:00:00
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Australian gaming company Tatts Group has announced plans for a merger with fellow gaming firm Tabcorp Holdings.
Dick McIlwain, chief executive of Tatts Group, said that growing competition in the Australian gaming indus...
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Tue 15 Jul, 2008 9:00:00
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The Royal Bank of Scotland (RBS) has denied that it is selling any of its stakes in The Bank of China (BoC), according to latest reports.
It was thought at the end of last week that the acquisition of the stakes would go...
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Mon 14 Jul, 2008 11:00:00
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Sinosteel, China's steel trading company, has announced that it has increased its bid in Australia's Midwest.
According to the Australian Stock Exchange, Sinosteel has increased its stake in the iron ore explorer to 50....
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Mon 14 Jul, 2008 9:00:00
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Gas company, Green Dragon, has announced today (July 11th) that it is to acquire Pacific Asia China Energy.
The firm claimed that it had completed the acquisition of Pacific Asia through its unit Greka China, reports Th...
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Fri 11 Jul, 2008 11:33:51
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General Electric (GE) has announced that it is to sell its Japanese finance operation to the country's Shinsei Bank.
It is thought that Shinsei's acquisition of GE's consumer Finance division will go ahead for A$5.6 bill...
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Fri 11 Jul, 2008 11:31:19
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The Royal Bank of Scotland (RBS) has announced today (July 11th) that it is in talks with National Australia Bank regarding the sale of a number of assets.
National Australia Bank clarified that it was in discussions to...
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Thu 10 Jul, 2008 11:24:02
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Wall Street bank Morgan Stanley has announced that is has agreed to pay for a 19.9 per cent stake in China's Hangzhou Trust.
Hangzhou's chairman, Zheng Xiangwei, said today (July 10th) that Morgan Stanley has signed an a...
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Thu 10 Jul, 2008 11:22:00
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Top law firm Linklaters has topped the Asia-Pacific M&A rankings for the first half of the year, latest reports show.
The firm has taken the lead in a number of high profile mergers and acquisitions this year, puttin...
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Wed 9 Jul, 2008 11:54:03
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Chinese logistics group Sinotrans has today agreed a merger with Yangtze Transportation Corp, according to latest reports.
The merger is set to take place subject to the approval of all the relevant state departments, Na...
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Wed 9 Jul, 2008 11:02:23
China's Sinosteel is moving closer to reaching an acquisition deal with Australian iron ore miner Midwest, latest media reports have suggested.
It is thought that Sinosteel is closing in on Midwest after rejecting a rival acquisition offer for the Western Australian company.
Stephe...
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Tue 8 Jul, 2008 12:10:46
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Private equity firm Carlyle Group announced today that it is to acquire part of Chinese chemical company Sinorgchem.
Reports claim that Carlyle group has agreed to invest A$90 million in the Shanghai-based chemical compa...
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Tue 8 Jul, 2008 12:05:26
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Australian finance group Allco, has announced that it is to sell part of its real estate business in Singapore.
The Singapore arm of the company will acquire the Australian part of the company for A$139 million.
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Mon 7 Jul, 2008 16:07:44
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Chinese metals trader Sinosteel has raised its stake in the merger and acquisition race for Australian company Midwest Corp.
Figures have revealed that Sinosteel has increased its stake to 45 per cent as it seeks to acqu...
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Mon 7 Jul, 2008 16:07:06
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China Oilfield Services has announced its merger and acquisition of Norwegian offshore driller Awilco Offshore.
It is thought that China Oilfield has acquired the Norwegian company for around $2.5 billion, Reuters has re...
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Fri 4 Jul, 2008 9:08:03
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Australian television network Ten is to buy back ten per cent of its issued stock over the next year to boost its share price, alerting potential buyers, it has been reported.
The Age reports that Canwest - Ten's majori...
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Fri 4 Jul, 2008 9:07:35
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BHP Billiton's proposed acquisition of Australian mining rival Rio Tinto has cleared specific competition hurdles in the US.
Last month, rival mining company BHP Billiton had a A$165 billion takeover bid for Rio Tinto a...
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Thu 3 Jul, 2008 9:57:26
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An increase in M&A deals in the life sciences sector is expected over the second half of 2008 by experts in New York's Wall Street financial district, according to a report.
Recently, Asian markets were affected when...
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Thu 3 Jul, 2008 9:56:53
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The value of Australia's M&A market increased rapidly during the last financial year but the number of deals fell as the global credit crunch took hold.
Data compiled by consultants KPMG has revealed how the overall v...
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Thu 3 Jul, 2008 9:56:31
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US-based manufacturer and supplier of hard rock drills and equipment Boart Longyear has acquired Westrod Engineering, a rival manufacturer based in Western Australia.
Westrod – which makes reverse circulation (RC)...
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Wed 2 Jul, 2008 13:40:55
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The merger of two of China's largest steel makers has been welcomed by a number of industry experts across Asia.
Last week, Tangshan Iron and Steel Group merged with Hanan Iron & Steel Group in an undisclosed deal, ru...
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Wed 2 Jul, 2008 13:40:29
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The quarters of Asian financial institutions have been involved in some kind of M&A deal in the past three years, new research has revealed.
According to a study by PricewaterhouseCoopers (PwC), the region's M&A...
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Tue 1 Jul, 2008 16:17:55
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Hopes that ArcelorMittal could bid for an Australia-based minor could have hit a stumbling block following a new deal.
South Korea-based Posco has bought a ten per cent stake in Macarthur Coal for an undisclosed amount w...
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Tue 1 Jul, 2008 15:32:10
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Indian steel magnate Lakshmi Mittal is considering a takeover bid for Anglo-Australian mining giant Rio Tinto, according to reports.
Last month, rival mining company BHP Billiton had a A$165 billion takepver bid for Ri...
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Mon 30 Jun, 2008 9:15:28
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Consolidation in the resources industry could see many more mergers and acquisitions following in the footsteps of the BHP Billiton deal for rival Rio Tinto, it has been reported.
Earlier this month, BHP agreed a US$170...
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Mon 30 Jun, 2008 9:15:06
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China must increase the development of a medium and long-term investment and financing market to help the M&A sector grow, an industry expert has claimed.
Speaking at the sixth China M&A annual conference, gove...
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Fri 27 Jun, 2008 11:33:38
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Two of Asia's largest national airlines have moved to quash rumours that they were looking to merge to offset rising fuel prices.
Australian national carrier Qantas and Singapore Airlines were reported to be lining up m...
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Fri 27 Jun, 2008 11:33:06
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M&A deals throughout Asia have continued to rise in value, according to new industry-wide data.
Research by Reuters has found that mergers and acquisitions across Asia are heading for an 8.7 per cent rise in value t...
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Thu 26 Jun, 2008 8:57:48
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Australia's consumer watchdog has halted a proposed takeover bid by the region's largest retailer on competition grounds.
Woolworths' bid to acquire New South Wales-based Karabar Supermarket has been temporarily rejected...
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Thu 26 Jun, 2008 8:57:28
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Global construction giant Lend Lease Corp has revealed that it has bought a six per cent stake in Australian retirement home fund Babcock & Brown Communities (BBC).
A mystery bidder was announced by BBC last week for...
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Thu 26 Jun, 2008 8:56:59
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A large Canadian drinks manufacturer has announced that is at an advanced stage in talks to acquire a Chinese milk producer.
Toronto-based Hat Trick Drinks - which makes beverages for the Canadian, US and Mexican marke...
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Wed 25 Jun, 2008 8:48:22
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Solar cell maker China Sunergy has announced that it will sell US$45 million (A$47.1 million) in convertible senior notes to a private buyer.
The Beijing-based company plans to use the proceeds from the sale of notes -...
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Wed 25 Jun, 2008 8:47:56
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A proposed takeover of Origin Energy in Australia by the British company BG has turned into a hostile bid, it has been reported by AFP.
The bid turned hostile after the rejection of an offer worth A$13.8 billion by BG fo...
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Tue 24 Jun, 2008 9:41:07
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Sydney-based global investment and advisory firm Babcock & Brown could be the subject of a takeover bid by a US private equity company, according to reports.
The Australian Associated Press reported that Kohlberg Kr...
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Tue 24 Jun, 2008 9:40:37
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Australian investment fund AMP Capital Investors has stated its intention to increase its Asian interests by doubling its industrial property assets in Singapore.
The investment arm of the country's top pension fund mana...
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Tue 24 Jun, 2008 9:40:08
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M&A markets across Asia are still active, despite a current quiet patch being felt across the continent, a new report has concluded.
According to research by the Financial Times, Asian M&A measured at US$189 bil...
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Mon 23 Jun, 2008 11:59:07
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Foreign institutions are hunting for merger and acquisition opportunities within the Vietnamese securities and baking sectors, a new report has claimed.
According to VietNamNet, representatives from companies in China,...
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Mon 23 Jun, 2008 11:58:43
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Chinese companies are increasingly looking towards the UK, rather than the US, for potential M&A deals, according to a report.
Several of China's recent big deals - including Chinalco's joint-acquisition of a nine...
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Fri 20 Jun, 2008 10:26:50
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Hong Kong-based sustainable energy technology company Mantra has secured a deal to acquire 51 per cent of two of its major competitors and established a new holding company.
Mantra China Limited will develop and market M...
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Fri 20 Jun, 2008 10:26:24
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India has outperformed neighbour China in M&A deals within the metal and mining sectors, new research has uncovered.
According to global M&A data compiled by Ernst & Young, the value of deals in these two s...
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Thu 19 Jun, 2008 9:36:46
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One of China's leading manufacturers of high resistance industrial materials has bought out a rival company US$857,000 (A$880,000).
China Gengsheng Minerals has acquired 100 per cent of Qiandongnanzhou Xinyu Abrasives -...
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Thu 19 Jun, 2008 9:36:16
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The shares in a major Australian mining company soared earlier this week after it announced it would team up with a rival to explore a potentially lucrative area of the country.
While no merger deal has officially b...
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Thu 19 Jun, 2008 9:35:54
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Mergers and acquisitions have helped the People's Bank of China report an all-time record rise in foreign reserves during the month of April, reports claim.
During the month, foreign reserves grew by US$74.5 billion (A...
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Wed 18 Jun, 2008 10:19:44
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Foreign investors eyeing up an M&A agreement with Chinese power companies may be disappointed, after an industry expert claimed that the sector is not looking for such investment opportunities.
Over the last few mon...
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Wed 18 Jun, 2008 10:19:13
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Mining companies have overtaken financial services firms as the biggest source of mergers and acquisitions throughout the world, new research has revealed.
According to data compiled by Bloomberg, M&A deals involvi...
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Tue 17 Jun, 2008 11:47:12
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Australian oil and gas producer Roc Oil Company has launched a A$612 million takeover for rival Anzon Australia which would create a mid-tier firm.
Roc is offering shareholders of the five-year-old firm 0.792 shares plu...
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Tue 17 Jun, 2008 11:46:49
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The boss of one of the world's largest mining companies has called for more M&A deals involving Chinese and Australian firms to unlock the full potential of Australia's resources.
Rio Tinto chief executive Tom Alben...
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Tue 17 Jun, 2008 11:46:16
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Chinese companies recorded an all-time high number of mergers and acquisitions during May, new figures have revealed.
According to data from investment researcher China Venture, a total of 33 major deals were complet...
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Mon 16 Jun, 2008 9:56:24
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Australian infrastructure giant Babcock & Brown (B&B) has agreed a £3.6 billion (A$7.2 billion) deal to buy the UK's biggest train leasing firm.
B&B's European Infrastructure Fund has teamed up with...
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Mon 16 Jun, 2008 9:55:56
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A major Chinese pharmaceutical manufacturer and distributor has signed an agreement to acquire a newly-established rival.
China Sky One Medical is to pay US$2.5 million (A$2.8 million) for Peng Lai Jin Chuang Company,...
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Fri 13 Jun, 2008 11:45:47
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Two rival Chinese steel companies have begun to combine operations in a deal that would create one of the country's biggest steelmakers.
The merger between Tangshan Iron & Steel and Handan Iron & Steel - both sta...
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Fri 13 Jun, 2008 11:45:21
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Record levels of trade between China and the UK are being attributed to major M&A deals completed in recent years.
According to Deloitte, Chinese firms are increasingly looking to invest in British companies and th...
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Thu 12 Jun, 2008 11:49:10
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A gold mining company 42 per cent owned by the state-controlled China National Gold Corp is weighing up a Hong Kong share listing in order to fund future acquisitions, new reports have claimed.
Jinshan Gold Mines - whic...
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Thu 12 Jun, 2008 11:48:11
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Australia's competition watchdog has begun market investigation into Westpac's proposed merger with rival financial services company St George.
The Australian Competition and Consumer Commission (ACCC) will seek a range...
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Thu 12 Jun, 2008 11:47:45
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A combination of BHP Billiton and Rio Tinto would have a "modest" 25 per cent market share, if the M&A deal between the two mining companies went ahead.
According to BHP chief executive Marius Kloppers, t...
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Wed 11 Jun, 2008 13:24:04
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The financial turmoil affecting the US and Europe is not likely to hit the Asia-Pacific region as hard due to the number of M&A deals in the region, industry experts have claimed.
Record mergers and acquisitions acti...
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Wed 11 Jun, 2008 13:23:20
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Speculation of a possible takeover bid for Australian alcohol group Foster's has continued to grow, with SABMiller the latest company to be linked to the troubled firms.
On Monday (June 9th), the group's chief executive...
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Wed 11 Jun, 2008 13:22:32
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The current flurry of M&A activity throughout China is not likely to stop any time soon, as the countries businesses look to take on the world's biggest companies, a new report has claimed.
According to Business We...
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Tue 10 Jun, 2008 11:16:29
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Australia's stock market was alive with M&A talk on Monday (June 9th) after three major deals were being lined up.
The board of financial institution Westpac confirmed that it would proceed with its offer for St Geor...
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Tue 10 Jun, 2008 11:15:36
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Many large Chinese companies are aiming to follow in the footsteps of Lenovo and secure a major M&A deal with a key US player, a new report has revealed.
When, in 2005, Lenovo secured a US$1.25 billion (A$1.32 bill...
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Mon 9 Jun, 2008 12:15:08
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The global credit crisis could park a wave of M&A deals throughout Asia, especially in China, a new report has claimed.
Research by the Economist Intelligence Unit, on behalf of PricewaterhouseCoopers (PwC), fou...
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Mon 9 Jun, 2008 12:14:44
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Global M&A volume topped US$1.5 trillion (A$1.56 trillion) in the first four months of 2008, a 34 per cent drop in the same period last year, new research has revealed.
Despite a large increase in M&A activity...
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Fri 6 Jun, 2008 13:06:31
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The boss of the world's largest mining company has revealed that he is confident that a A$200 billion takeover of one of its major competitors would be successful.
Last week, BHP Billiton started the formal regulatory pr...
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Fri 6 Jun, 2008 13:06:10
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Many M&A deals which occur during a recession or a period of downturn in the markets actually perform better than other M&A deals over time, a global study has uncovered.
According to research from the Boston Con...
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Fri 6 Jun, 2008 13:05:35
Mergers and acquisitions (M&A) are likely to become more commonplace in Vietnam in the coming years, as the country opens itself up to the wider Asian community, an industry expert has predicted.
According to Vo Thi Huyen Lan, chief representative of Jaccar investment fund, M&A deal...
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Thu 5 Jun, 2008 14:31:09
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Australia's Challenger Financial Services has secured a "swap" deal with AXA Asia Pacific for annuities portfolios.
As part of the A$150 million deal, Challenger has acquired AXA Asia Pacific's annuities portf...
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Thu 5 Jun, 2008 14:30:46
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One of Australia's largest banks is preparing a bid for the Asia-Pacific arm of a major European financial institution, according to new reports.
The Business Spectator claims that National Australia Bank (NAB), having...
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Wed 4 Jun, 2008 14:10:56
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China's most profitable financial institution has beaten Australian competition to acquire Hong Kong's Wing Lung Bank.
The Shenzhen-based China Merchants Bank (CMB) has ended a three month-long battle with ANZ Bank for th...
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Wed 4 Jun, 2008 14:10:11
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One of the world's largest petroleum companies has stepped up its bid to become a major player in the Australian natural gas industry by purchasing a substantial stake in a leading company.
Royal Dutch Shell has paid A$...
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Tue 3 Jun, 2008 15:07:29
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One of Australia's fastest growing financial institutions could be the latest bank to be the target of an acquisition after reports linked its British owners with the possibility of a sale.
BankWest was bought by Scott...
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Tue 3 Jun, 2008 15:07:07
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Australian gold and base metals exploration company Herald Resources has accepted a revised $524 million offer from a Chinese and Indonesian consortium.
The two-tiered offer by Indonesian government-controlled mining gro...
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Mon 2 Jun, 2008 15:20:34
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China Telecom has announced plans to purchase a wireless network currently owned by the China Unicom group, according to reports.
The deal will cost China Telecom approximately $14 billion (£7.1 billion) for the c...
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Mon 2 Jun, 2008 15:17:20
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Harbinger Capital Partners has purchased an 8.1 per cent stake in the Australian mining firm Midwest, according to reports.
The deal is costing Harbinger A$21 million (£10.2 million) for a total purchase of 17.25...
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Mon 2 Jun, 2008 11:09:12
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The value of mergers and acquisitions in the Asia Pacific hit an all-time last year, it has been claimed.
Despite the negative economic outlook internationally, M&A activity, excluding intra-regional deals, increase...
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Fri 30 May, 2008 10:05:24
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Chinese firms are demonstrating an increased interest in overseas mergers and acquisitions, it has been claimed.
Experts believe that Chinese companies are recognising the benefits of diversifying into other markets, al...
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Thu 29 May, 2008 15:12:56
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The company deals with commodities such as copper, iron ore, silver, metallurgical and energy coal, although it also has interests in oil, gas and diamonds.
Australia-based BHP Billiton Group has over 100 operations...
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Thu 29 May, 2008 14:37:09
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Australian securities firm Macquarie Group could be looking at an acquisition, according to Citigroup Inc.
Bloomberg reported the news after it was revealed the company will be selling convertible preference shares, with...
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Thu 29 May, 2008 9:07:56
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The Bank of America (BoA) announced on Tuesday (May 28th) that it is to increase its shareholding in China Construction Bank (CCB), according to the Financial Times.
In 2005, BoA acquired a nine per cent stake in the...
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Thu 29 May, 2008 8:43:53
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Natural gas supplier Origin has stopped shares from trading as it waits for further details regarding a takeover.
In April the Australian energy firm was offered a A$12.9 billion cash takeover by BG Group.
O...
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Wed 28 May, 2008 15:36:00
Rumours are continuing to circle among investment analysts that the National Australia Bank (NAB) is planning a bid to acquire the St George's financial services firm.
An acquisition of St George's by the NAB had been widely viewed as unlikely, but speculation was reignited after the latter...
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Wed 28 May, 2008 15:32:49
Merger and acquisition activity and speculation has kept trading on the Australian stock exchange alive in recent days, according to reports.
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Merger and acquisition activity and speculation has kept trading on the Austral...
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Wed 28 May, 2008 11:23:09
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A proposed merger of two major mining businesses in Australia would offer some considerable operating synergies, it has been suggested.
The Midwest Corporation and the Murcheon Metals Company have agreed in principal to...
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Tue 27 May, 2008 11:05:51
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Six Chinese telecoms companies have been told to merge their assets, it has been reported.
According to the New York Times, the firms were told to make the M&A moves in order to allow fixed-line carriers to expand int...
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Fri 23 May, 2008 15:43:55
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Hong Kong's Wing Lung Bank reportedly has named China Merchants Bank as its preferred bidder for the city's biggest ever bank mergers and acquisitions deal.
Wing Lung chairman Michael Wu will now enter into exclusive talk...
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Fri 23 May, 2008 15:40:49
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Australian agribusiness GrainCorp has announced its intention to initiate a mergers and acquisitions deal with rival company Ridley Corporation.
The company announced it would be making an off-market takeover bid for all...
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Thu 22 May, 2008 17:16:01
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A campaign group is urging boards of New Zealand's two biggest meat cooperatives to begin M&A talks in a bid to improve profits for farmers.
The Meat Industry Action Group (MIAG) is calling for the PPCS and Allian...
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Wed 21 May, 2008 13:57:58
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Engineering firm Cardno has predicted that its earnings will grow by as much as 54 per cent over the next twelve months after a series of mergers and acquisitions earlier in the year.
The Australian reports that the Brisb...
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Tue 20 May, 2008 15:49:19
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Shares in Shanghai's largest carrier, China Eastern Airlines, increased after growing speculation of an M&A development involving the company.
There is talk of a possible tie-up between China Eastern and Shanghai...
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Tue 20 May, 2008 14:51:14
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A merger between Parmalat Australia Limited and Australian Co-Operative Foods Limited (Dairy Farmers) is still in its preliminary stages, according to Parmalat, Forbes.com has reported.
The Italian company described any...
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Mon 19 May, 2008 16:31:16
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The acquisition of EDS by HP is a "win-win" situation for the two firms, an analyst claims.
According to Lauro Vives, chief executive and chief analyst for XMG Asia Pacific, the deal will not deliver immediate...
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Mon 19 May, 2008 16:30:31
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The chairman of Westpac has suggested that the company may be forced to raise its current offer for St George if the proposed merger and acquisition is to go ahead.
Ted Evans has stated that he will "never say never...
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Fri 16 May, 2008 15:24:26
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The Australian Competition and Consumer Commission (ACCC) has given the green light to the proposed acquisition of Dyno Nobel by Incitec Pivot, according to reports.
Findings of the commission included the fact that the...
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Fri 16 May, 2008 15:22:13
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Founder Securities and Sun Securities have received an approval over their proposed merger by the Chinese Securities Regulatory Commission, according to reports.
Founder Securities will hold an 80 per cent stake in Sun...
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Fri 16 May, 2008 15:19:35
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Mineral Securities proposed merger with the mining firm CopperCo received a significant boost today (May 16th) when CopperCo shareholders voted in favour of the deal.
The merger of the two companies, which have a longs...
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Thu 15 May, 2008 15:45:52
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Speculation of potential interest from Russian and Australian firms in steel-maker Ferrochina have led to a 4.9 per cent rise in the company's share price.
According to the South China Morning Post, BlueScope Steel and Ev...
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Thu 15 May, 2008 15:43:12
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A $2 billion (£1.02 billion) gold and copper project in the Phillippines could be taken over, following a cash bid for Indophil Resources NL.
The $397 million hostile offer, amounting to A$1 per share, from Xsatrata...
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Thu 15 May, 2008 15:40:48
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The stock market witnessed shares in BHP Billiton rise six per cent up to $48.56 (£24.99) last night, reported Australian paper The Age.
It is believed that increased speculation over aluminum company Chinalco planni...
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Wed 14 May, 2008 15:14:23
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A merger between health insurer MBF Australia and Bupa Australia Health has been given the go-ahead by the country's federal court, it has been reported.
John Conde, the chairman of MBF, said that when the M&A scheme...
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Wed 14 May, 2008 14:51:20
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China National Foreign Trade Transportation Corp (Sinotrans) and China Changjiang National Shipping Corp are planning to merge, it has been announced.
The merger move would creat the country's second-largest shipping logi...
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Tue 13 May, 2008 16:34:21
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BG Group, the British-based gas company, has been exempt from having to make an immediate offer for Contact Energy by New Zealand's Takeovers Panel, it has been reported.
A recent statement by BG Group is an indication...
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Tue 13 May, 2008 11:55:27
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Two of Australia's biggest banks have agreed to a mega merger that will create the country's biggest financial services group, it has been reported.
Worth around A$66 billion, the merged entity would also have assets...
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Mon 12 May, 2008 14:29:26
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New Zealand travel firm Williment Travel Group has bought a stake in Beatson Travel for more than A$100 million.
Beatson Travel's office in Christchurch will undergo rebranding from January 1st 2009, reports Stuff.co.nz....
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Mon 12 May, 2008 14:27:51
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Three Chinese firms are reportedly vying to takeover the Australian iron ore company Fortescue Metals Group.
Sinosteel, Baosteel and Chinalco, are believed to be the interested parties, according to the Australian.
...
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Mon 12 May, 2008 11:58:14
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Australia's Westpac Banking Corp is reportedly planning to launch a takeover bid for its smaller rival, St George Bank, it has been reported.
St George Bank has a market value of A$14 billion and an M&A tie-up would...
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Fri 9 May, 2008 15:22:05
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Sinosteel has increased its offer for Midwest, the Australian iron ore firm, it has been reported.
According to FinanceAsia.com, the new offer is an increase of 14 per cent on the original proposed figure of A$5.60 per s...
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Thu 8 May, 2008 16:02:14
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New Zealand travel firm Williment Travel Group has bought a stake in Beatson Travel for more than A$100 million.
Beatson Travel's office in Christchurch will undergo rebranding from January 1st 2009, reports Stuff.co.nz....
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Thu 8 May, 2008 15:59:22
Mining company Jinchuan has accepted an acquisition offer from Zinifex Australia for its subsidiary company Allegiance Mining.
Zinifex will acquire 90 per cent of Allegiance with a compulsory buy-out of the remaining ten per cent of shareholders set to take place in the near future and the...
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Thu 8 May, 2008 15:08:15
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Media tycoon and entrepreneur Rupert Murdoch has said he is as optimistic about his company's takeover of Dow Jones as any previous M&A move.
Mr Murdoch was commenting after his News Corporation revealed a third...
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Thu 8 May, 2008 8:23:45
Asian integrated transport and logistics services provider Toll Holdings has made its move for a trucking partner as it seeks to enhance its reach across new business areas.
The group has signed a conditional purchase agreement for Northland trucking company United Carriers - a company with...
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Thu 8 May, 2008 8:21:00
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QBE Insurance Group has made a second extension to its takeover bid for a smaller domestic insurance rival.
Hoping to secure the acquisition of Insurance Australia Group (IAG) by granting shareholders more time to appr...
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Wed 7 May, 2008 17:14:23
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Reports claim that Spain's Banco Bilbao Vizcaya Argentaria (BBVA) is set to double its stake in a Chinese state-owned investment company.
Spanish news site ABC.es has claimed that the Basque Country-based group will inve...
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Wed 7 May, 2008 17:11:26
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Reports are claiming that the Chinese market is now a prime target for international firms to secure lucrative mergers and acquisitions, but experts are also noting a rise in M&A activity from Chinese firms on the internationa...
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Fri 2 May, 2008 11:09:13
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A merger between the Australia digital signage firm Swish and Bill Express will create a network ten times bigger than its nearest competitor, according to reports.
Swish has signed a deal which will give it the right t...
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Thu 1 May, 2008 16:53:00
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Sinosteel has made an improved takeover offer for Australian mining company Midwest.
The offer has been accepted by the board of the iron ore mine prospector after Sinosteel agreed to improve its bid with a cash offer o...
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Thu 1 May, 2008 16:39:30
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Australian-based gold and nickel producer Focus Minerals has announced the successful acquisition a 50 per cent interest in Coolgardie gold project, Western Australia.
The purchase was made from Canadian joint venture p...
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Wed 30 Apr, 2008 17:23:38
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Huaneng Power International (HPI) has announced that it is planning to purchase its Tuas Power affiliate for around $1 billion.
The deal for HPI means that the company will be able to expand its activities into Singapor...
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Wed 30 Apr, 2008 16:27:57
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Origin Energy, Australia's second-biggest supplier of electricity and gas, could be bought by the British gas firm BG Group, it has been claimed.
According to the Austalian, the M&A move involves a cash offer for the...
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Tue 29 Apr, 2008 15:47:35
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Two leading Australian city-based credit unions are set to join forces in a mergers and acquisitions deal, it has been announced.
Adelaide-based Savings and Loans is engaged in mergers and acquisitions talks with Melbourn...
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Tue 29 Apr, 2008 15:39:41
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Two leading Australian city-based credit unions are set to join forces in a mergers and acquisitions deal, it has been announced.
Adelaide-based Savings and Loans is engaged in mergers and acquisitions talks with Melbourn...
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Mon 28 Apr, 2008 16:02:50
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The managing director of chemical firm Orica has said he expects M&A to feature high on the company's agenda in the next couple of years.
Graeme Liebelt said, however, that future conditions would determine whether Ox...
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Mon 28 Apr, 2008 12:23:30
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M&A developments are expected to be one of the main financial themes in the Chinese and Australian markets this year, it has been claimed.
David Pilla, international editor of BestWeek, says that the power of insure...
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Mon 28 Apr, 2008 11:14:20
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China's telecoms sector is to be completely overhauled in the next few months, according to reports.
A major consolidation process involving six of the country's telecoms providers is to take place, claims Daily Telecom...
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Fri 25 Apr, 2008 15:43:56
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JBS SA has received approval from the Australian government to acquire multi-species meat processor Tasman Group.
The successful completion of the M&A move - which requires the approval of the Australian Competition...
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Fri 25 Apr, 2008 14:23:25
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A meeting has been convened by the Federal Court of Australia concerning the proposed merger between Equigold and Lihir Gold.
Under the terms of the proposal, Lihir will acquire all shares in Equigold, with shareholders...
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Thu 24 Apr, 2008 16:35:04
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Australian oil company Arc Energy has announced it intends to merge with oil and gas producer Australian Worldwide Exploration (AWE), it has been reported.
The cash and share deal is said to be worth around A$510 million...
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Thu 24 Apr, 2008 15:32:20
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Mining firm Rio Tinto has confirmed it is rejecting the takeover offer of BHP Billiton, it has been reported.
Paul Skinner, Rio's chairman, told the company's annual general meeting (AGM) that the board's decision to rej...
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Wed 23 Apr, 2008 17:20:26
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Almost half of privately held businesses in Australia anticipate M&A deals in the near future, it has been reported.
Research from Grant Thornton International found that 42 per cent of firms expect to expand their o...
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Wed 23 Apr, 2008 13:01:37
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Mining firm DJ Newcrest remains open to new activity involving mergers and acquisitions, according to its chief executive Ian Smith.
"We have said we were looking at some M&A opportunities going forward which w...
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Wed 23 Apr, 2008 12:58:14
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China's third biggest car manufacturer, Dongfeng Motor Corp, is in active talks over a possible M&A deal, according to the general manager of its sister company.
Xu Ping said the firm was in talks regarding the takeo...
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Wed 23 Apr, 2008 10:55:08
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Matsushita Electric Industrial, the world's largest consumer electronics maker, is set to merge with Pioneer Corporation, according to Japan's leading financial newspaper.
The Nikkei has learnt that the merger and ac...
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Mon 21 Apr, 2008 15:14:30
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Singapore Airlines could be bought by low-fare airline Tiger Airways, it has been reported.
A deal could involve a joint venture with one of six other potential partners, according to Reuters.
Tony Davis, Ti...
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Mon 21 Apr, 2008 12:41:45
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China National Gold Group of Beijing and Vancouver-based Jinshan Gold Mines will be of mutual benefit to both companies, it has been reported.
Mineweb.com reports that the proposed merger will give China National Gold a...
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Fri 18 Apr, 2008 14:21:34
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The board of Australian cooperative Dairy Farmers has advised shareholders that potential bidders for the company have begun seeking regulatory approval.
National Foods was the first company to approach the Australian Co...
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Fri 18 Apr, 2008 11:38:26
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Australian trade minister Simon Crean has welcomed increased M&A activity in his country by Chinese firms, it has been reported.
During a speech to the Australian Chamber of Commerce in Shanghai, Mr Crean claimed that...
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Fri 18 Apr, 2008 11:37:35
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Business solutions provider MYOB Asia is in discussions with locally-based partners over possible M&A deals, it has been reported.
The Malaysia based-company, which originated in Australia, supports 700,000 companie...
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Thu 17 Apr, 2008 15:11:57
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Singapore-based container shipping firm Neptune Orient Lines is considering a merger with a German counterpart, it has been reported.
Thomas Held, chief executive of Neptune Orient, suggested during the company's annual...
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Thu 17 Apr, 2008 11:02:07
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Precious metals miner Oxiana is constantly considering new M&A activity despite a planned A$12 billion merger with another company.
Oxiana's managing director Owen Hegarty said that the firm was receiving the regula...
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Thu 17 Apr, 2008 8:08:11
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Insurance Australia Group has rejected a takeover bid by its rival QBE Insurance Group, it has been reported.
QBE had placed a bid of A$7.4 billion for the group - a cash-and-share offer which valued IAG at A$3.99 a shar...
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Wed 16 Apr, 2008 13:06:08
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Panzhihua Iron and Steel has received initial approval to merge its assets and list on the domestic stock market, it has been reported.
One of western China's largest steel makers, Panzhihua produced 6.6 million tonnes...
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Tue 15 Apr, 2008 16:24:58
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A Chinese sovereign fund has built up a one per cent share in BP which totals about £1 billion, the Telegraph has reported.
BP has a capitalisation of around £104 billion, making it the UK's largest company.
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Tue 15 Apr, 2008 16:18:41
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A hostile takeover bid for Rio Tinto by BHP Billiton has been given a vote of confidence by the federal resources and energy minister, according to the Herald Sun.
At the Australian Petroleum Production and Exploration A...
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Mon 14 Apr, 2008 16:41:32
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China is among the countries that look to be most fruitful in terms of upcoming M&A activity, according to a new report.
Marsh and McLennan Companies also said that India and south-east Asia would attractive propositi...
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Mon 14 Apr, 2008 15:18:26
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Australian Worldwide Exploration (AWE) has said it is in talks with ARC Energy over a possible merger.
Tradingmarkets.com reports that AWE has stakes in several companies including a 30 per cent interest in the A$750...
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Fri 11 Apr, 2008 18:09:06
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Marubeni Corporation has successfully acquired 100 per cent of equity shares of the PIC Group, it has been announced.
In a statement, Marubeni said that it feels the mergers and acquisitions activity "can prov...
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Fri 11 Apr, 2008 18:08:37
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Old Mutual is looking into possibilities for mergers and acquisitions (M&A) in the Asia Pacific region, it has emerged.
The investment firm has plans to launch offices in South Korea, Taiwan and Vietnam via a combina...
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Thu 10 Apr, 2008 18:27:27
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Significant merger and acquisition activity could be on the horizon in the Australian biotechnology industry, according to a life sciences partner at PricewaterhouseCoopers.
Tony Stephen told the Age that it is "cr...
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Thu 10 Apr, 2008 18:26:08
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Australia's Western Metals has signed an agreement to acquire the Parys Mountain Project on the Welsh island of Anglesey from Anglesey Mining.
A 120-day due diligence review of the copper-zinc mine will now take place be...
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Thu 10 Apr, 2008 18:23:57
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Rumours that Chinalco was making moves to buy a stake in BHP Billiton have been quashed by the latter, which has insisted it is not aware of any M&A interest by the Chinese state-owned aluminium giant.
The Australian...
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Wed 9 Apr, 2008 17:58:00
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Tsingtao Brewery is aiming to streamline its shareholding structure with a new bout of mergers and acquisitions activity.
The Chinese beer manufacturer plans to buy what shares it does not already own in 22 units owned by...
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Tue 8 Apr, 2008 16:42:30
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Operational since 1980, Flynt International employs over 130 staff, most of which are based in Hong Kong, according to Engineering News.
Warren Erfmann, Barloworld Logistics chief executive for the Middle East and Asia, s...
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Tue 8 Apr, 2008 16:28:38
A joint venture between Ocean Partners and a UK firm aims to provide wealthy individuals with new investment tools.
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Ocean Partners, an M&A advisory firm based in New Zealand has announced a joint venture with special...
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Mon 7 Apr, 2008 16:20:47
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A A$3.2 billion bid for Consolidated Media Holdings by Lachlan Murdoch has been withdrawn, according to reports.
The Age reports that the deal was aborted after a disagreement over the price of the takeover with Mr Murdo...
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Mon 7 Apr, 2008 14:18:00
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French water and waste company Suez Environment and New World Services are to buy a 15 per cent stake in China's state-owned Chongqing Water Group, it has been reported.
The deal is believed to be worth around €140...
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Fri 4 Apr, 2008 12:40:39
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A merger between one of Australia's biggest private health funds MBF and BUPA Australia would rival the country's largest health insurer Medibank Private, it has been reported.
Back unanimously by MBF's board, the merger...
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Fri 4 Apr, 2008 9:07:55
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Larger coal mining companies in China should merge and acquire smaller ones, according to the country's National Development and Reform Commission (NDRC).
Steelguru.com reports that the Chinese mining sector is currently...
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Thu 3 Apr, 2008 14:50:05
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Asciano Group has sold its remaining stake in the Australian company Brambles to a range of institutional investors, according to reports.
Mark Rowsthorn, chief executive of Asciano, said the sale would allow the Austral...
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Thu 3 Apr, 2008 14:41:17
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A merger between Shanghai Richina Leather and the American firm Prime Tanning will reportedly create the largest leather manufacturer in the sector, reports Foster's Daily Democrat.
Roger Wang, Shanghai Richina Leather C...
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Wed 2 Apr, 2008 15:34:44
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Changsha Zoomlion Heavy Industry Science & Technology Development has announced it intends to submit a 60 per cent bid for an Italian construction machinery company.
Thompson Financial News reports that the company's...
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Wed 2 Apr, 2008 14:28:18
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An attempt by Chinese steelmaker Shougang to double its stake in Australian iron ore producer Mount Gibson Iron has been blocked by the Australia's securities regulator.
Shougang has planned to increase their interest i...
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Wed 2 Apr, 2008 12:26:15
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Sydney-based mineral production company CHB Resources has said it has decided to go ahead with placing pre-development assets into a separate company.
According to the company, the Mineral Hill, Sorby Hills and Const...
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Tue 1 Apr, 2008 17:26:14
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Australia's largest engineering company WorleyParsons has successfully completed its takeover of deepwater and arctic oil and gas specialists Intec Engineering BV.
The US$108.5 million (AU$119.68 million) merger and acqu...
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Tue 1 Apr, 2008 17:11:41
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Leading industry analysts have predicted mining company mergers and acquisitions will reach new heights in 2008, particularly in developing industry areas such as China.
Experts at PricewaterhouseCoopers have stated tha...
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Tue 1 Apr, 2008 10:30:59
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Premier Investments has put in a bid for Australia's largest specialty clothing retailer Just Group for a reported AU$898 million.
According to the Australian, Premier Investments owner Solomon Lew intends to reinvest som...
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Mon 31 Mar, 2008 17:39:16
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A letter of intent to acquire Chinese mobile advertising software and services firm Shenzhen Evergreen Technology has been signed by Telava Networks.
The acquisition is expected to cement the commitment by integrated comm...
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Mon 31 Mar, 2008 11:47:01
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A Japanese company is hoping successful M&A development will help increase its presence in the Australian markets, according to a reports.
The Japanese-owned firm National Foods has made an initial offer to acquire Da...
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Fri 28 Mar, 2008 14:42:46
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A consortium of private equity funds has acquired a controlling stake in one of South Korea's foremost cable television companies, it has emerged.
C&M boasts close to two million subscribers and 92.5 per cent of its...
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Fri 28 Mar, 2008 13:01:47
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China's second largest steel group has been formed following the merger of Laiwu Steel Group and Jinan Iron and Steel Group, it has been reported.
The newly created Shandong Iron and Steel has an aggregated crude steel-...
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Thu 27 Mar, 2008 17:03:03
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China Investment Corporation (CIC) has denied it is conducting extensive talks regarding a takeover of a unit of Allianz SE.
Representatives for the $200 billion (AU$217.38 billion) sovereign wealth fund moved to quash...
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Thu 27 Mar, 2008 16:17:28
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Base metals mining firm Perilya looks set to take control of the CBH company, which operates in the same sector, after tabling a bid worth around $270 million (£185 million).
Perilya is based in Perth, Western Austra...
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Thu 27 Mar, 2008 13:55:36
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Spotless Group has announced its intention to make a takeover offer for Programmed Maintenance Services (PMS).
The property and asset maintenance provider has made an offer for PMS valued at AU$6.11 per share.
...
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Thu 27 Mar, 2008 8:02:09
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Chinese aluminium giant Chinalco could spend over 30 billion yuan on domestic and foreign M&A activity, it has been claimed.
Xioa Yaqing, president of Chinalco, told the South China Morning Post: "The group will focus o...
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Wed 26 Mar, 2008 14:53:15
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Corporate bodies in China are being faced with significant challenges as they aim to carry out merger and acquisition deals in markets around the world, according to reports.
Many of the China's largest businesses are sta...
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Wed 26 Mar, 2008 14:52:12
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Private equity firm Bain and the Asian telecoms giant Huawei have withdrawn their bid to take control of 3Com, it has been revealed.
The deal was being scrutinised by the committee on foreign investment in the United Stat...
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Tue 25 Mar, 2008 17:08:44
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The Bank of China is planning to involve itself in a variety of merger and acquisition deals over the course of coming months, according to reports.
Acquisitions outside of China look set to become a significant part of t...
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Tue 25 Mar, 2008 14:34:55
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The proposed merger or Lake Imaging and Western Medical Imaging will not be opposed by the Australian Competition and Consumer Commission (ACCC), it has been reported.
Graeme Samuel, chair of the ACCC, said the organisation had...
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Tue 25 Mar, 2008 14:32:23
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Air China could be about to buy a stake in Shanghai Airlines, it has been reported.
The carrier, which is the largest of its kind in the world by market value, made the offer an alliance with Shanghai Airlines after havin...
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Thu 20 Mar, 2008 16:37:40
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Sinosteel bid 'needs boost for acquisition success'
Chinese company Sinosteel has been told to go back to the boardroom with its current AU$956 million (US$890 million) bid for Midwest Corporation.
The Australi...
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Wed 19 Mar, 2008 18:42:18
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China's largest steel mill is set to make a number of acquisitions as well as launch a steel mill project in the country, it has been reported.
Baosteel Group will acquire rivals Shaoguan Iron and Steel Group, and Guangzh...
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Tue 18 Mar, 2008 17:53:29
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Australian iron ore mining giant Murchison is facing a legal battle regarding ownership of one of its flagship projects from an industry minnow.
Chameleon Mining has launched a claim for part ownership of the Jack Hills s...
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Tue 18 Mar, 2008 17:00:35
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Asia Pacific's mining sector saw significant increases in merger and acquisition (M&A) deal volumes last year, according to a new report.
PricewaterhouseCoopers' Mining Deals 2007 study found "unprecedented"...
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Mon 17 Mar, 2008 18:19:35
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Analysts have warned that the floodgates may open if Chinese company Sinosteel succeeds with its hostile takeover bid for Australia's Midwest Corporation.
The US$1.2 billion (AU$1.3 billion) merger and acquisitions (M&am...
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Mon 17 Mar, 2008 18:05:20
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The largest ever scrap metal recycling merger has been completed as Sims Recycling Solutions today announced a merger and acquisitions (M&A) deal with US company Metal Management.
Worth around AU$1.71 billion, the M&...
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Fri 14 Mar, 2008 18:13:17
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Reports suggest that Sinosteel Corporation is preparing to make a hostile takeover bid for 80.1 per cent Australian iron ore producer Midwest.
The two companies have previously cooperated in the exploration of the Koolano...
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Fri 14 Mar, 2008 16:34:24
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China's second-largest insurer Ping An Insurance is in the last stage of talks to acquire a stake in Fortis, according to reports.
According to the Financial Times, Ping An is considering paying up to 2.2 billion euros f...
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Thu 13 Mar, 2008 16:02:12
Three bidders have emerged as likely buyers of BII stake
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The Bank of China is among the final bidders vying to takeover a stake in Bank Internasional Indonesia (BII)
Singapore state investor Temasek currently hol...
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Thu 13 Mar, 2008 15:58:36
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Authorities in China may attempt to set up four private equity funds to attract fundraising in key areas of industry, according to reports.
The International Herald Tribune claims that the country's National Development R...
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Wed 12 Mar, 2008 14:27:13
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It is reported that Australia's largest producer of fertiliser Incitec Pivot Ltd has agreed to purchase Sydney-based explosives group Dyno Nobel Ltd for A$2.3 billion (£1.06 billion).
Acceptance of the cash and sha...
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Wed 12 Mar, 2008 12:28:28
China steel production 'to be consolidated by 2010'
Angang general manager says half of China's steel production to merge in the hands of the country's top ten companies
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China's top ten steel producers will c...
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Tue 11 Mar, 2008 18:53:18
The UK Competition Commission has provisionally approved acquisition of National Grid Wireless by Macquarie Group.
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Australia's Macquarie Group has been cleared to takeover UK telecommunications company National Grid Wirel...
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Tue 11 Mar, 2008 14:47:46
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Shanghai-based Industrial and Commercial Bank of China Ltd (ICBC) is considering further overseas acquisitions, according to its president Yang Kaisheng.
Reuters quotes Mr Kaisheng as saying ICBC's "high-yielding&quo...
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Mon 10 Mar, 2008 16:28:30
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Australian mining company Herald Resources Ltd is reportedly supporting a takeover bid by an Indonesian and Chinese consortium.
Comprised of China's Shenzhen Zhongjin Lingnan Nonfemet Co Ltd 000060.SZ and Indonesia's PT Antam AN...
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Mon 10 Mar, 2008 16:25:35
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A shortage of dong in the Vietnamese economy could lead to more reports of M&A activity.
Thanh Nien Daily reports that inflation rates and economic growth are both at the highest levels for over a decade in the country.
...
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Fri 7 Mar, 2008 16:10:33
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China's state-owned Sinopec Group is set to acquire a 60 per cent stake in Australian oil producer AED Oil, in a deal worth A$600 million.
This latest mergers and acquisitions news will see Sinopec becoming the operator of AED's...
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Fri 7 Mar, 2008 16:09:31
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Australia's Macquarie Group has announced plans to acquire a majority stake in American fund management company Allegiance Investment Management.
Financial details of this latest mergers and acquisitions activity have not yet be...
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Thu 6 Mar, 2008 16:52:57
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China Development Bank (CDB), a policy lender, has been given government go-ahead to acquire Shenzhen Financial Leasing firm, Reuters reports.
CDB vice president Liu Kegu commented: "In my view, financial leasing has huge...
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Thu 6 Mar, 2008 16:51:36
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China Southern Airlines and Air France-KLM will merge cargo operations, in a joint venture which is set to be finalised this year, Reuters reports.
Mergers and acquisitions activity between the two airlines began in June of last...
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Wed 5 Mar, 2008 13:34:36
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Farm chemicals company Nufarm has announced the acquisition of UK AH Marks Holdings and US firm Etigra.
This latest mergers and acquisitions activity will cost the company a total of A$236 million - with a majority of capital be...
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Wed 5 Mar, 2008 13:33:43
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Australian dairy company National Foods is considering the acquisition of Dairy Farmers, in a deal which could be worth A$1 billion.
Milk and cheese producer Dairy Farmers announced sale intentions in February and has so far gen...
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Tue 4 Mar, 2008 16:42:58
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Malaysia's KNM Group has announced plans to acquire German engineering firm Borsig, in a deal worth 1.67 billion ringgit (A$556 million), Reuters reports.
KNM managing director Lee Swee Eng claims this latest mergers and acquisi...
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Tue 4 Mar, 2008 16:41:50
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China's Minsheng Banking Corporation (CMBC) is to auction its 3.26 per cent stake in Haitong Securities, Reuters reports.
Haitong Securities is currently China's third largest brokerage listed on the Shanghai stock exchange.
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Mon 3 Mar, 2008 17:26:04
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Australian mining company Oxiana has agreed to acquire zinc producer Zinifix - in a deal worth $5.8 billion deal.
This latest M&A activity will see the merged company become the world's second largest producer of zinc - and...
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Fri 29 Feb, 2008 18:20:37
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In the latest mergers and acquisitions news, Phoenix Capital claims it has been approached by buyers for its 61.5 per cent stake in Teac Corporation, in a deal worth 13.5 billion yen (A$137 million).
Japanese Phoenix Capital sai...
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Fri 29 Feb, 2008 16:52:15
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US investment group Aetos' 900 billion yen bid to acquire Japanese property development firm Daito is moving forward, Reuters has reported.
However, the company is said to be having difficulty in securing enough finance from ban...
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Fri 29 Feb, 2008 13:36:54
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Sumitomo Mitsui Financial Group (SMFG) has announced plans to merge three of its credit card companies and establish a new holding company.
This latest mergers and acquisitions activity will see SMFG become Japan's biggest issue...
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Fri 29 Feb, 2008 13:35:25
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China Eastern Airlines is to start up a Xi'an-based airline in which it will hold a 40 per cent stake.
Regulatory approval was given for the joint venture with aircraft manufacturer China Aviation Industry Corporation I (AVIC I)...
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Fri 29 Feb, 2008 12:27:08
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Despite setbacks in horse-racing and poker last year, Australian gambling giants Tatts Group has announced healthy profits of A$133.02 million in the half year, and an overall rise in revenue of 33.4 per cent.
Dick McIlwa...
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Thu 28 Feb, 2008 18:09:13
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PMG Group - a representative of Lachlan Wealth Management - has followed last year's acquisition of auditing and accounting company Smith, Peacock and Henshaw by merging with the Melbourne-based Collins House Financial Services.<...
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Thu 28 Feb, 2008 17:08:04
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The launch of a new Shanghai-based fund management venture has been approved by the authorities in China, reports Reuters.
One third of ABC-CA Fund Management Co will be held by the French bank Credit Agricole, while Aluminium...
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Thu 28 Feb, 2008 17:06:56
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The head of the National Australia Bank (NAB) has suggested that mergers between the country's largest banks would benefit and strengthen them.
NAB chief executive John Stewart claims that none of the country's four big banks co...
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Thu 28 Feb, 2008 17:04:55
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Leading US trye company Goodyear is close to a deal that could see it invest $1 billion into a Chinese manufacturing planet.
This latest mergers and acquisitions activity could see the firm linking some of its operations with Mi...
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Thu 28 Feb, 2008 11:44:31
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China's BesTV will sell a 40 per cent stake to technology services company Tsinghua Tongfang, in a deal that could be worth 150 million yuan (A$22.3 million).
According to Reuters this latest mergers and acquisitions activity wi...
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Thu 28 Feb, 2008 8:40:32
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Hastie Group has announced expansion plans for the UK market with the acquisition of building services firm Rotary.
In the largest mergers and acquisitions deal that Hastie has done, it hopes to tie up Rotary in a trans...
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Thu 28 Feb, 2008 8:40:07
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Australian gas giant APA Group has predicted higher profits following the completion of mergers and acquisitions activity.
A busy M&A schedule saw the pipeline operator acquire Allgas, GasNet Australia Group and...
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Thu 28 Feb, 2008 8:39:38
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Mergers and acquisitions activity at Equity Trustees has helped the company report healthy profits this week.
The company pointed to recent investments as being factors behind profits increasing by 39 per cent for the f...
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Thu 28 Feb, 2008 8:39:07
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More mergers and activity in the healthcare sector could be on the agenda, NIB Holdings believes.
The private health insurer expects that health funds will begin assessing their own position in light of the merger of Bup...
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Wed 27 Feb, 2008 16:35:03
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US private equity business The Carlyle Group may buy a majority stake in Japanese firm NH Techno Glass, Reuters has reported.
NH Techno Glass is jointly owned by Japan based firms Nippon Sheet Glass and the Hoya Corporation.
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Wed 27 Feb, 2008 16:33:48
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US bank Citigroup has announced plans to cooperate in providing joint services with Shanghai Pudong Development Bank, according to Reuters.
Citigroup, one of the largest US banks, already owns almost a four per cent stake in Sha...
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Tue 26 Feb, 2008 16:41:36
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China Metallurgical Construction Corporation will pay Cape Lambert Iron Ore $370 million to acquire an Australian mine, which has not yet been developed.
The company has been given until April 30th to complete due diligence, aft...
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Mon 25 Feb, 2008 16:14:18
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Australian mining company Allegiance Mining has agreed to an A$850 million acquisition bid from mining and exploration company Zinifex.
Zinifex, which is one of the world's largest miners of zinc and lead, offered Allegiance sha...
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Mon 25 Feb, 2008 16:12:58
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Temasek Holdings may decide to sell its stake in Bank Internasional Indonesia (BII), Reuters has reported today.
Asian investment house Temasek currently has a 55.78 per cent stake in BII, which is one of the largest banks in I...
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Fri 22 Feb, 2008 15:40:00
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Numerous acquisitions made during the half year ending December 31st 2007 could add a further $7 million of additional revenue to the $37.4 million announced by law firm Slater & Gordon.
The company this week announced that...
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Fri 22 Feb, 2008 14:14:34
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A new committee has been set up to oversee mergers and acquisitions in China, the Shanghai Daily has reported today.
The board, which has been set up by the China Securities Regulatory Commission (CSRC), will oversee corporate r...
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Thu 21 Feb, 2008 15:10:44
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Osaka based banks Ideka and Senshu have today confirmed that they are in negotiations over a possible merger of operations.
In a statement the Bank of Ikeda said: "With regard to the reported merger with Senshu Bank, it is...
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Thu 21 Feb, 2008 15:01:56
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Osaka based banks Ideka and Senshu have today confirmed that they are in negotiations over a possible merger of operations.
However, in a statement released today, Perilya claimed no formal agreement had been made: "Discuss...
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Wed 20 Feb, 2008 15:22:43
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It has been announced that Foxteq Holdings will take over part of Samina SCI's PC business, in an acquisition that could be worth up to $90 million (A$98.5 million).
Foxteq Holdings is a member of the Foxconn Technology Group, t...
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Wed 20 Feb, 2008 11:52:25
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A consortium including Australian investment company Babcock & Brown and Deutsche Bank is the preferred bidder for Angel Trains.
Reuters says the group has been named as the preferred bidder in the acquisition of UK...
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Tue 19 Feb, 2008 14:48:58
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Russian steel manufacturer Evraz says it may spend $1.5 billion (A$1.6 billion) in a takeover of Delong Holdings, as it moves into the Asian steel market.
In a statement released on the Evraz Group website, the company...
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Tue 19 Feb, 2008 14:46:57
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Australian financial services company, Bell Financial Group (BFG), has agreed to a 100 per cent takeover of stock broker Tricom Equities.
The acquisition is subject to a number of conditions, including due diligence, whi...
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Mon 18 Feb, 2008 15:37:09
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Australian company Macquarie Private Capital Group (MPG) has accepted a A$115.5 million takeover bid from the private equity division of US investment bank Bear Stearns.
MPG independent director Neil Tomlin says the Bear...
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Fri 15 Feb, 2008 17:32:06
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The Australian government has approved three acquisitions by UK defence technology group QinetiQ, according to an announcement by the London Stock Exchange today.
M&A activity began last month, with QinetiQ's announc...
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Fri 15 Feb, 2008 17:29:52
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Japan's Mizuho Securities (MHSC) and India's Tata Capital have reached an initial agreement to jointly provide financial services.
The merger will see the companies collaborating to offer a range of services including br...
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Fri 15 Feb, 2008 17:28:05
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In the latest mergers and acquisition news in the mining industry, International mining company Xstrata looks set to complete a takeover of Australian company Resource Pacific.
In a statement released today Resource Paci...
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Thu 14 Feb, 2008 18:24:38
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BHP Billiton's bid for Rio Tinto is set to be frustrated, it would appear.
The mining company recently raised its offer to 3.4 :1, but Rio believes this offer is insufficient even to get discussions going, the Sydney Mor...
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Thu 14 Feb, 2008 8:07:02
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The member businesses of Australian financial planning firm Best Advice are to be brought under one banner, according to a spokesperson from the group.
Due diligence has begun on bringing the 11 branches into one corpora...
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Wed 13 Feb, 2008 18:37:12
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The merger of Clinical Cell Culture (C3) with Visiomed Group has been approved by authorities in Australia.
Details of the mergers and acquisitions activity were announced last year, but it has now emerged that the Feder...
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Tue 12 Feb, 2008 18:12:05
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In the latest mergers and acquisitions news in Japan, Taisho Pharmaceutical is eyeing a majority stake in another pharmaceutical company.
According to Reuters, the firm is ready to make an offer to Biofermin Pharmceutica...
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Mon 11 Feb, 2008 18:18:07
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A tender offer for Tokyo Star Bank has been launched by Advantage Partners.
In a deal worth around 250 billion yen (A$2.59 billion), Advantage Partners is hoping to buy all outstanding shares in the financial institutio...
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Fri 8 Feb, 2008 16:42:47
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Regulators are set to examine a planned merger between mining companies BHP Billiton and Rio Tinto amid concerns about the effect it could have on prices in the global iron ore market.
Steelmakers have expressed their r...
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Fri 8 Feb, 2008 16:41:18
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The merger between the two health insurance firms Bupa Australia and MBF Australia will provide a unique opportunity to boost competition in the Australian market.
This is the view of Richard Bowden, the managing directo...
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Thu 7 Feb, 2008 18:12:39
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Staff at Stella Group have been promised by the company's new owner that the deal can only spell good news for the brand.
CVC Asia Pacific has acquired 65 per cent of the travel business from MFS Ltd and is intending to...
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Thu 7 Feb, 2008 18:11:56
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Australian mining company CopperCo has announced plans to merge with the resource investment house Mineral Securities Limited.
The amalgamation would to create a "diversified global resource company" with inte...
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Wed 6 Feb, 2008 13:06:55
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Shareholders in commodities and properties company Straits Trading have been advised to turn down a takeover bid, according to reports.
Tecity has launched an offer of 6.5 Singapore dollars (£2.34) is 0.4 per c...
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Wed 6 Feb, 2008 13:05:48
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A fall in first-half profits prompted a revised bid from BHP Billiton for Rio Tinto, according to reports.
Shares in the dual listed BHP Billiton dropped by eight per cent earlier this week after the company announced...
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Tue 5 Feb, 2008 16:14:01
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Luxembourg private equity firm CVC Asia Pacific has agreed on a deal to purchase a 65 percent stake in the Stella Hospitality Group (SHG) from financial group MFS for AU$409 million (£188 million).
Just two mont...
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Tue 5 Feb, 2008 16:13:30
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BHP Billiton is expected to formalise its takeover offer for rival mining and resources company Rio Tinto this week, as it announces strong interim profits in its first half report for fiscal 2008.
The world's largest m...
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Mon 4 Feb, 2008 18:15:57
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The merger between banking group Suncorp and insurer Promina will generate annualised synergies of A$325 million, it has been announced.
This is up by A$100 million from its pre-merger estimate, although one-off implem...
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Fri 1 Feb, 2008 17:46:07
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Further collaboration is planned between two of China's major financial institutions.
China Life Insurance and China Merchants Bank, which are the country's largest lender and sixth largest lender respectively, have ann...
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Fri 1 Feb, 2008 17:45:10
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The board of China Minsheng Banking Corp has voted in favour of a new fundraising exercise.
According Tradingmarkets.com, the bank is set to issue ten-year bonds worth 15 billion yuan (A$2.3 billion), accompanied by call...
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Fri 1 Feb, 2008 17:44:07
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DBS Bank, one of Asia's largest financial institutions, has announced details of expansion in the Taiwanese market.
The bank has revealed the purchase of the 'good bank assets' of Bowa Bank in the east Asian country.
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Thu 31 Jan, 2008 18:46:07
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Bursa Malaysia is seeking to form closer links with stock exchanges in the US and south-east Asia.
The Malysian trading operator claims that it is in talks with NYSE Euronext, which owns the New York Stock Exchange.<...
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Thu 31 Jan, 2008 18:44:57
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The stock-swap between Citigroup Inc and Nikko Cordial has gone through, making the deal the first ever triangular merger in Japan.
Citigroup traded 175.7 million shares in the company for 290.1 million in Cordial, the f...
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Thu 31 Jan, 2008 18:43:57
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Regulation of mergers and acquisitions activity in Australia could be about to get stricter, the Australian Competition and Consumer Commission (ACCC) has hinted.
However, in an interview with the Australian Financial R...
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Wed 30 Jan, 2008 17:51:54
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Industry Superannuation Property Trust (ISPT) is lining up a bid to buy part of Centro Properties, according to sources close to the deal.
News.com.au cited industry sources as saying ISPT is considering making a A$2 bil...
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Wed 30 Jan, 2008 17:46:40
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Primary Health Care Limited has extended its offer for Symbion Health Limited by two weeks.
The Australian firm had set a deadline of February 7th, 2008 on the bid but this has now been put back to February 21st.
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Tue 29 Jan, 2008 17:55:00
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The tourism business of MFS Ltd has attracted attention from "at least two interested parties", it has emerged.
A spokesperson for the company said that a deal could be done within a fortnight. However, he decl...
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Tue 29 Jan, 2008 17:54:05
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Industrial and Commercial Bank of China (ICBC) has announced the completion of its latest mergers and acquisitions activity.
The bank claimed yesterday to have finalised a deal to buy a majority interest in Seng Heng Ba...
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Tue 29 Jan, 2008 17:52:24
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An unnamed party is reported to have bought a stake in Herald Resources.
The mystery investor bought eight per cent of shares in the metals company during trading today.
According to the Sydney Morning Herald,...
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Mon 28 Jan, 2008 17:08:36
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Commercial property investor Centro Properties Group could begin due diligence exercises in the next few days.
The Australian firm has revealed that it would be prepared to progress potential takeover bids by opening it...
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Mon 28 Jan, 2008 17:05:41
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The proposed merger between Canterbury Building Society (CBS) and Loan and Building Society (LBS) has been given approval by the institutions' members.
According to the New Zealand Herald, members gave the green light to...
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Mon 28 Jan, 2008 17:03:38
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The bidding for Straits Trading has heated up with news of an improved offer from The Cairns Pte.
After receiving a bid from Oversea-Chinese Banking Corp last week, Straits Trading has now been offered S$6.50 (A$5.19) a...
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Fri 25 Jan, 2008 15:18:32
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The Carlyle Group has struck a deal with the Japanese staffing service company Goodwill Group to acquire the land and buildings of its Bon Sejour Grand nursing homes.
The Washington-based private equity investment firm s...
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Fri 25 Jan, 2008 15:17:40
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The Industrial and Commercial Bank of China (ICBC) is considering making new acquisitions and is focussing its attention on troubled banks in the United States.
According to the state-run China Daily the country's bigge...
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Wed 23 Jan, 2008 17:03:57
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Wide Bay Australia has announced that it is moving towards the compulsory acquisition of the remaining shares in Mackay Permanent Building Society (MPBS) after the closure of its takeover offer.
Having received acceptanc...
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Tue 22 Jan, 2008 17:41:45
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The chief executive officer (CEO) of Japanese credit card firm Credit Saison has revealed that his company is "seeking a merger and acquisitions opportunity".
Without indicating any companies that the group ma...
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Tue 22 Jan, 2008 17:37:30
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Healthcare Industry has bought investment vehicle Masthead's 19.9 per cent stake in Abano Healthcare for $5.20 (A$4.54) a share.
The fundraising exercise for Masthead will see the company make around $17 million on its...
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Mon 21 Jan, 2008 17:33:17
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Citigroup is to complete its takeover of a Japanese brokerage, according to a report.
The Australian said that a stock-swap between the group and Nikko Cordial is due to go ahead.
It said that the parties have a...
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Mon 21 Jan, 2008 17:31:55
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City Pacific Limited and MFS Limited's proposed merger is not going ahead, it has emerged.
An announcement regarding a potential mergers and acquisitions development involving the pair was made by City Pacific last week...
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Fri 18 Jan, 2008 17:42:59
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The Tenix Group has accepted a bid from BAE Systems Australia for its defence businesses.
No financial details of the transaction were disclosed, but the group revealed that the deal is expected to be concluded during th...
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Fri 18 Jan, 2008 17:40:03
MFS has decided to split its businesses ahead of a conditional takeover.
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Investment management firm MFS has decided to split its Stella tourism business and its funds management division into two separate businesses,...
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Thu 17 Jan, 2008 17:40:18
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One of New Zealand's leading commercial property investors has sold a 19.9 per cent interest to an investment group from the UAE.
AMP New Zealand Office Trust Ltd (Anzo) revealed that it had sold shares comprising almost...
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Wed 16 Jan, 2008 16:57:34
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In the latest mergers and acquisitions news in the Australian construction industry, Nomad Building Solutions has announced the purchase of further business units.
The company announced it is to consolidate its operations...
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Wed 16 Jan, 2008 16:54:01
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Macarthur Coal Ltd has reached an agreement with shareholders in Custom Mining Pty Ltd to buy out the company.
The Australian coal company, which has operations in Queensland's Bowen Basin, had announced details of its p...
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Tue 15 Jan, 2008 17:23:39
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PrimeAg has announced the signing of a deal to acquire Milchengowrie, an irrigated holding in New South Wales.
The acquisition is expected to cost the Australia-based agricultural property investor A$33 million.
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Tue 15 Jan, 2008 17:20:31
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SBI Holdings Inc is reported to be ready to buy the remaining shares in SBI E Trade Securities.
According to a statement, SBI Holdings already holds the majority of shares in the online broker, but is aiming to complete...
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Mon 14 Jan, 2008 17:18:47
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A conditional offer has been made by City Pacific to MFS Limited following takeover talks.
The companied are set to enter a due diligence period in the coming weeks over a potential buyout, that would see City Pacific t...
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Fri 11 Jan, 2008 17:27:02
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Australian property group Stockland Ltd has announced the sale of its shares in a shopping centre in Perth.
In the latest mergers and acquisitions news in the country's property sector, the investor has sold its 25 p...
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Fri 11 Jan, 2008 17:26:23
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Standard Chartered, a bank with operations throughout Asia, Africa and the Middle East, has made a new acquisition in South Korea.
The international bank, which is based in the UK, has signed a deal with the Korea Depos...
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Thu 10 Jan, 2008 17:40:26
Private equity fund H&Q Asia pacific has announced the acquisition of Taiwan Sumida Electronics.
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H&Q Asia Pacific today announced it has bought a majority stake in Taiwan Sumida Electronics.
The Tokyo-bas...
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Wed 9 Jan, 2008 17:27:55
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The acquisition of Coates Hire by NED Group has been completed after the scheme of arrangement was successfully implemented.
News of the deal first surfaced in October of last year, when equipment hire firm Coates accepte...
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Wed 9 Jan, 2008 17:27:14
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Banque de la Bekaa, the Lebanese financial institution owned by Bank of Sharjah, is consulting on whether to bid for a French bank.
According to the company's owner, a due diligence exercise is soon to be entered with De...
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Tue 8 Jan, 2008 17:13:52
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Sonic Healthcare has announced further expansion in the US with the purchase of two companies.
The Australian pathology unit has acquired American Clinical Services (ACS) and Woodbury Clinical Laboratory (WCL) for a comb...
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Tue 8 Jan, 2008 17:12:50
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Coffey International has revealed details of its second acquisition this week.
The development organisation announced that it has bought out Teal Management Services, egoli.au reports.
Teal, which offers pro...
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Tue 8 Jan, 2008 17:09:04
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Coffey International, one of Australia's leading development organisations, has announced the purchase of a 2nd tier development business in the US.
Management Systems International (MSI), which has staff and operations...
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Tue 8 Jan, 2008 12:26:54
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Oversea-Chinese Banking Group (OCBC) has not yet accepted a bid from Tecity Group for its commodities and property investment arm.
Tecity Group owns shares in Straits Trading and yesterday lodged an offer to buy the remai...
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Mon 7 Jan, 2008 14:41:09
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Pakistan's Saudi Pak Bank has agreed to sell off 85 per cent of its shares.
The stake has been bought by a consortium led by Shaukat Tarin, a financier from Pakistan, Reuters reports.
Included in the mergers...
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Fri 4 Jan, 2008 17:50:04
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QBE Insurance Group has announced the acquisition of US property insurer North Pointe, following the confirmation of a fundraising initiative.
The bid, which is still subject to approval by the US regulator and North P...
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Fri 4 Jan, 2008 17:49:30
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Australian coal mining firm Resource Pacific Holdings has rejected a takeover bid by Xstrata, describing it as "inadequate".
The AUD $960 million - or the AUD $2.85 per share cash offer - is below the valuatio...
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Fri 4 Jan, 2008 17:49:00
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A consortium led by Aestos Capital has made a bid for the entire Daito Trust Construction company.
It is the biggest buyout bid so far and if accepted it would mean that all outstanding shares of the Japanese property...
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Thu 3 Jan, 2008 17:26:47
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The takeover of Consolidated Minerals by Palmary Enterprises has been completed.
News of this latest mergers and acquisitions development comes a month after Consolidated's board voted unanimously to accept Palmary's of...
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Thu 3 Jan, 2008 17:25:15
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Ford, the American car manufacturing firm, has indicated that the motoring arm of the Tata group is leading the chase to acquire two of its European brands, according to the latest mergers and acquisitions news.
A st...
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Wed 2 Jan, 2008 17:21:39
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US phone giant AT&T has expressed an interest in acquiring the mobile phone division of state-controlled phone firm Telekom Malaysia.
TM International is being spun off as an independent firm, which operates in Sri...
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Wed 2 Jan, 2008 17:20:43
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Retail investment organisation Centro Properties Group has invited expressions of interest from parties interested in buying the company.
Centro has already received a "significant number" of unsolicited expres...
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Mon 31 Dec, 2007 16:24:54
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A new leasing unit has been set up in Shanghai by Bank of Communications (BoCom), it has emerged.
The second leasing firm in China to be wholly owned by a domestic bank, BoCom Financial Leasing will provide services to...
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Thu 27 Dec, 2007 15:07:14
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Shareholders in Symbion Health now have longer to accept an offer from Primary Health Care.
Primary had previously set shareholders a deadline of January 7th. However, it has now moved this date back to January 21st.
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Mon 24 Dec, 2007 14:38:21
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Mergers and acquisitions (M&A) activity has been predicted to remain strong in Australia during 2008.
Speaking to the Australian, Robert Bazzani, head of M&A for KPMG, said that the tourism and entertainment, env...
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Mon 24 Dec, 2007 9:03:25
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Welspun India, a company that manufactures terry towels, has acquired a 76 per cent stake in the Portuguese bath rug major Sorema.
The Indian textile materials and products manufacturer paid 600 million rupees (£7.7...
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Mon 24 Dec, 2007 9:02:30
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Time Magazine has included the acquisition of Corus Group Plc by the Indian conglomerate Tata in its top ten list of the best business deals of 2007.
Tata, the sixth-largest steelmaker in the world, succeeded in its $11....
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Mon 24 Dec, 2007 9:01:11
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US-based international law firm Mayer Brown has announced that it is to merge with Hong Kong's Johnson, Stokes and Master (JSM).
The move will create the tenth-largest law firm in terms of revenue - totalling an estimate...
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Fri 21 Dec, 2007 19:20:15
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Advantage Partners is to launch a 252 billion yen (A$2.5 billion) bid for Tokyo Star Bank, it has announced.
The Japanese private equity group's bid will consist of payment for 700,000 shares in issue at a premium of 2.3...
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Thu 20 Dec, 2007 18:05:35
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Australian steel company BlueScope Steel has announced it is to boost its presence in the US with the purchase of IMSA Steel.
In the latest Australian mergers and acquisitions news, the firm is to buy the remaining share...
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Thu 20 Dec, 2007 18:04:01
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A stake in Daito Trust Construction could be sold for as much as $10 billion (A$11.6 billion), according to sources.
Insiders revealed that the Japanese construction firm has attracted bids from investment banks Lehman Br...
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Thu 20 Dec, 2007 18:03:00
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An expert in mergers and acquisitions activity has claimed that the growth of sovereign funds and emerging markets could take the edge of any slowdown in activity next year.
In an interview with Reuters, Gavin Macdonald,...
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Wed 19 Dec, 2007 17:54:03
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Bupa has announced the purchase of two healthcare providers based in Australia and New Zealand respectively.
The UK-based operator revealed it has bought the Amity Group and Guardian Health Care after the regulators in ea...
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Tue 18 Dec, 2007 18:09:59
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Healthscope has taken another large step into the New Zealand market with its latest acquisition.
The private healthcare firm has bought out New Zealand Diagnostics Group (NZDG). No financial details of the takeover hav...
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Tue 18 Dec, 2007 8:31:04
WHK Unlimited agrees to buy KPMG Albury and turns its attention to Excel Financial Planning.
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WHK Group has embarked on the first part of a two-tier buyout by agreeing to buy KPMG Albury.
The second stage of the...
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Mon 17 Dec, 2007 19:08:50
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Retail investment firm Centro Properies Group has revealed that it has received interest from firms keen on a joint-venture partnership.
In a press call, the company's chief executive Andrew Scott said that it is consid...
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Fri 14 Dec, 2007 15:51:30
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ABN Amro Capital has acquired a majority stake in Australian test-tube baby pioneering group Monash IVF for A$200 million.
The private equity arm of the Dutch bank plans to hold its controlling stake in the IVF group for...
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Fri 14 Dec, 2007 15:48:20
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Global bank HSBC has announced its upcoming acquisition of The Chinese Bank in Taiwan, after being named the successful bidder in a government auction.
On completion of the deal HSBC intends to expand its island-wide b...
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Thu 13 Dec, 2007 17:14:41
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Tasmanian Gateway Consortium (TGC), led by Australia's Macquarie Group has announced the acquisition of Hobart International Airport.
The consortium, comprising of Macquarie Global Infrastructure Fund III and Macquarie C...
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Thu 13 Dec, 2007 17:11:35
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The world's largest steel company ArcelorMittal has announced plans to raise its stake in China Oriental Group to 73.13 per cent, subject to a latest shareholders' agreement.
In a bid to boost its presence in the Chine...
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Wed 12 Dec, 2007 17:02:53
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Global data storage company Iomega Corp is set to acquire Chinese digital storage manufacturer ExcelStor Group, reports claim.
Under the deal agreement Iomega will buy ExcelStor Great Wall Technology and Shenzhen Excel...
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Wed 12 Dec, 2007 16:54:35
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Melbourne-based gaming group Crown Ltd has agreed to acquire Las Vegas casino operator Cannery Casino Resorts (CCR), new market reports claim.
The deal has been valued at $1.75 billion (A$1.97 billion) plus acquisition...
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Tue 11 Dec, 2007 16:26:57
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Hong Kong watch maker and retailer Peace Mark Ltd is set to acquire Singapore's luxury watch retailer Sincere Watch, reports claim.
After gaining support from Sincere's majority shareholder - with 50.7 per cent of the c...
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Tue 11 Dec, 2007 15:42:33
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South Korea's leading oil refiner SK Energy has entered into an initial agreement to acquire a 30 per cent holding in a Brazilian oil block from Devon Energy Corp, according to South Korea's energy ministry.
Subject to...
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Tue 11 Dec, 2007 15:16:07
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China's biggest digital media group Focus Media Holding Limited has announced its agreement to acquire CGEN Digital Media Company Limited, in a bid to expand its coverage of in-store digital advertising throughout the country.
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Mon 10 Dec, 2007 16:57:01
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Leading South Korean construction company Eugene is set to acquire electronics retailer Himart Co in a deal valued at 1.95 trillion won (A$2 billion) according to the latest market reports.
The region's largest rea...
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Fri 7 Dec, 2007 15:17:17
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Australia's nickel mining group Xstrata Plc has announced that its takeover bid for the country's fifth-largest nickel producer Jubilee Mines has been extended until January 31st 2008.
Jubilee's directors have unanimous...
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Fri 7 Dec, 2007 15:14:31
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Australian financial firm Macquarie has acquired a substantial stake in Germany's number one energy metering company Techem, latest reports claim.
The Sydney-based global bank has secured 91.5 per cent of shares in the c...
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Wed 5 Dec, 2007 17:22:16
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Japanese mobile operator NTT DoCoMo has entered into a joint venture with mobile communications service provider KT Freetel to invest in new Malaysian 3G mobile company U Mobile.
Both companies are set to collectively ac...
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Wed 5 Dec, 2007 16:25:41
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3P Networks Inc has announced a takeover bid to acquire a leading Cambodian telecommunications provider.
After conducting market research in the region, the company believes that mergers "will result in the usual ec...
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Tue 4 Dec, 2007 15:44:11
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State-owned Chinese holding company China National Aviation Holding (CNAHC) has raised its stake in China Eastern Airlines from 11.79 per cent to 12.07 per cent, reports claim.
A recent stock exchange filing states that...
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Mon 3 Dec, 2007 16:17:22
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Mauritius-based investment group British American Investment (BAI) has announced the acquisition of South East Asian Bank, market reports have revealed.
Currently a 60 per cent owned subsidiary of Malaysian lender CIMB,...
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Mon 3 Dec, 2007 16:15:54
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South Korea's leading mobile services operator SK Telecom is set to acquire broadband provider Hanaro for a fee of 1.09 trillion won (A$0.0013 trillion), according to new market reports.
In a bid to expand its business...
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Fri 30 Nov, 2007 16:10:05
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Global mobile games company Glu Mobile Inc has announced the agreed acquisition of China's leading developer of mobile games Beijing Zhangzhong MIG Information Technology (MIG).
The deal is expected to boost Beijing-ba...
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Fri 30 Nov, 2007 15:25:55
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Australian investment bank Macquarie Group has teamed up with private equity fund MBK Partners to acquire a stake in South Korean second largest cable TV company C&M Co, reports claim.
The joint venture between...
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Thu 29 Nov, 2007 17:34:26
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Leading global chip design company Novatek has announced an agreement to acquire digital consumer provider Cheertek in a share swap with an exchange ratio of 3.75 shares to one respectively.
Following the approval of b...
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Thu 29 Nov, 2007 16:40:10
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China's second biggest life cover provider Ping An Insurance has acquired a 4.18 per cent holding in European financial services firm Fortis, according to latest market reports.
The Hong Kong-based insurer agreed to pay...
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Thu 29 Nov, 2007 16:38:33
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International financial services group National Australia Bank (NAB) has announced the acquisition of Great Western Bank's holding company for the price of $798 million (A$906.94 million).
Following months of research in...
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Wed 28 Nov, 2007 17:07:26
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The Japanese major Mitsui & Co has signed a joint venture agreement with Ruchi Group to double its ten per cent holding in Indian Steel Corp (ISC).
Raising its joint stake in the company from ten to 20 per cent will...
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Wed 28 Nov, 2007 17:04:38
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Astellas Pharma Inc has confirmed that its American subsidiary, Astellas US Holding, has formally committed to acquiring Agensys Inc for $387 million (A$439.27 million).
The Japanese drug manufacturer is hoping to boost...
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Wed 28 Nov, 2007 16:58:43
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Malaysian property and hotels group Eastern & Oriental has submitted a share-swap proposal that would allow it to merge with its subsidiary E&O Property Development Bhd.
E&O already owns 63 per cent of E&...
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Tue 27 Nov, 2007 17:02:30
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Leading China-based financial and entertainment media company Xinhua Finance Media has announced the complete acquisition of advertising firm JCBN Company Limited.
Under the agreement the company is set to acquire 100 pe...
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Mon 26 Nov, 2007 16:22:39
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Australian financial services provider Macquarie Group recently announced an agreement to acquire both business and assets of US company CIT Systems Leasing.
The deal will see CIT's business in the US and Canada merge wi...
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Mon 26 Nov, 2007 15:28:31
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Tianjin Faw Xiali Automotive Co is to sell its full holding in two joint ventures with Toyota Motor to Tianjin Faw Toyota Motor Co, according to market reports.
In a move to boost its net profit for this fiscal year an...
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Fri 23 Nov, 2007 15:43:48
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Australian law firm Slater & Gordon Ltd has reportedly said it is on track to raise forecasted revenues with a view of sealing more acquisitions, according to market reports.
"The acquisitions are coming on pre...
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Thu 22 Nov, 2007 17:20:57
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Chinese steel producer China Oriental Group has issued a filing to the Hong Kong stock exchange saying that Arcelor Mittal has increased its holding in the company, market reports claim.
The firm stated that the wor...
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Thu 22 Nov, 2007 17:13:57
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Japan Tobacco Inc (JT) has announced a merger and acquisition agreement to integrate the frozen food businesses of Katokichi and Nissin Food Products.
The Japanese cigarette manufacturer is set to acquire all outstandi...
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Wed 21 Nov, 2007 15:54:07
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Australian investment bank the Macquarie Group has revealed its acquisition of CIT Systems Leasing – a US-based computer rental firm.
According to reports, the American company has around $700 million (A$804.48 mil...
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Wed 21 Nov, 2007 15:34:31
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Property group Ascott has acquired a 208-unit serviced residence in central Kuala Lumpur which the firm aims to develop into a state-of-the-art medical centre.
Located in the city's famous 'golden triangle', the buildin...
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Tue 20 Nov, 2007 16:13:01
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Emerging Australian nickel mining company Mincor Resources NL has announced an acquisition agreement with global resources firm and off-take partner BHP Billiton Ltd.
In a strategic bid to further expand its growth in nic...
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Tue 20 Nov, 2007 15:31:11
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Asia-Pacific's first integrated securities and derivatives exchange Singapore Exchange (SGX) has agreed in principle to acquire a 20 per cent equity share in Philippine Dealing System Holdings Corp (PDS).
SGX has been of...
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Mon 19 Nov, 2007 16:39:54
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Japan's Olympus Corp has entered into an agreement with UK surgery specialist Gyrus Group Plc to acquire 100 per cent of the enterprise, reports have revealed.
In a bid to expand its business in the medical tools market...
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Mon 19 Nov, 2007 16:16:43
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Mobile telecommunications company China Unicom has announced an upcoming asset transfer deal between its wholly-owned subsidiary and parent firm.
Under the proposed agreement China Unicom Corporation Limited (CUCL) wil...
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Fri 16 Nov, 2007 14:37:43
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GTL International Ltd has finalised its acquisition of the Asian network planning and optimisation firm ADA Cellworks.
The company will fund its acquisition in an all-cash $25 million (A$27.99 million) deal with current s...
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Fri 16 Nov, 2007 14:35:13
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The government-backed Chinese investment vehicle Bohai Industrial Investment Fund has revealed its intention to buy a ten per cent stake in Chengdu City Commercial Bank for RMB1 billion (A$0.15 billion).
Launched last y...
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Wed 14 Nov, 2007 17:04:46
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The Asian securities arm of French banking group Credit Agricole, CLSA, has revealed plans to raise its volume of private equity investments in Asia by 67 per cent, latest reports claim.
With a view of pursuing acquisitio...
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Wed 14 Nov, 2007 16:57:10
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Leading multinational oil and gas company Petronas is set to make a takeover bid for energy producer Star Energy Group, new reports claim.
The Malaysian state-owned firm has bought a ten per cent share holding in the g...
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Wed 14 Nov, 2007 15:02:08
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South Korea's leading communications firm SK Telecom has been granted preferred bidder status for the acquisition of a majority holding in broadband provider Hanaro Telecom, according to market reports.
In a bid to...
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Tue 13 Nov, 2007 17:16:17
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Malaysian mobile phone company DiGi is set to acquire TIME dotCom's broadband spectrum with new shares, according to the latest market reports.
The mobile communications company intends to offer 27.5 million shares valued...
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Mon 12 Nov, 2007 16:23:33
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Australian commercial banks Bendigo and Adelaide have announced a future merger valued at A$4 billion, according to latest market reports.
The merger - supported by shareholders - is expected to combine regional lender...
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Mon 12 Nov, 2007 16:17:53
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Global financial services company ING has announced a conditional agreement to acquire a 30 per cent holding in Thailand's TMB Bank.
Currently valued at approximately €460 million (A$758.9 million), the acquisition...
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Fri 9 Nov, 2007 17:14:08
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Singapore Airlines (SIA) and one of the largest investment firms in Asia - Temask Holdings - have announced a signed deal to acquire 24 per cent in China Eastern Airlines (CEA).
The city-state's national airlines an...
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Thu 8 Nov, 2007 14:08:58
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Japanese brewing company Kirin Holdings has announced its 100 per cent acquisition of leading Australian dairy and beverage producer National Foods.
Expected to reach completion by the end of this year, the deal invo...
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Thu 8 Nov, 2007 12:16:05
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Australian publicly-owned conglomerate Wesfarmers is set to acquire the country's second-largest retailer Coles Group following a shareholder vote, reports claim.
Marking one of Australia's largest corporate takeover deal...
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Wed 7 Nov, 2007 13:00:39
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AGL Energy Ltd and Arrow Energy NL have jointly acquired a number of merchant gas and pipeline businesses from the Queensland government.
The mergers and acquisitions (M&A) cost the two firms a total of $280 million...
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Wed 7 Nov, 2007 12:55:35
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The second largest Chinese gold mining group, Zijin Mining, issued a statement today saying it would raise its stake in a Yunnan tungsten mining unit.
Zijin Mining until now owned 49 per cent of Malipo Zijin Tungsten Co L...
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Wed 7 Nov, 2007 12:51:05
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The world's largest steelmaker, Arcelor Mittal, has bought a 28 per cent stake in steel products maker China Oriental Group Co Ltd for $647 million ($A690.35 million).
Arcelor Mittal is buying the shares from the firm's...
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Tue 6 Nov, 2007 16:02:00
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Minmetals Resources has confirmed the acquisition of a 33 per cent holding in Guangxi Huayin Aluminium from its parent corporation China Minmetals, market reports claim.
The Hong Kong stock exchange-listed trading compan...
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Mon 5 Nov, 2007 15:02:16
Asia enjoyed stronger growth in merger and acquisition (M&A) volumes last month than any other region, a new study has revealed.
The survey by Thomson Financial showed that the total value of Asian M&A deals increased 53.8 per cent in October against the previous month's figures.
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Mon 5 Nov, 2007 15:01:53
Australian resource company Jubilee Mines NL has reacted positively to the final price reached by its acquisition.
A $3.1 billion bid was tendered for the nickel miner by Switzerland-based miner Xstrata and was unanimously accepted by Jubilee's board.
"We're very confident we'...
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Fri 2 Nov, 2007 14:37:38
Australian investment bank Macquarie is reportedly one of a number of companies currently considering a take-over bid for Hanarotelecom.
Stocks for the South Korean broadband provider surged after it was revealed that majority shareholders were close to selecting a preferred negotiator to f...
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Fri 2 Nov, 2007 14:37:19
Gold producer Newcrest Mining Ltd has announced its plans to grow through acquisitions, tasking a special merger and acquisition (M&A) team with scouring the world for takeover targets.
"We have reached a point in our development where we quite rightly should be looking at every va...
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Fri 2 Nov, 2007 14:37:07
Bloomberg is reporting that China National Chemical Corp has submitted a AUD2.96 billion offer for Australian farm-chemical maker Nufarm Ltd.
Two separate sources close to the deal claim an indicative bid of AUD17.25 per share - 11 per cent above Nufarm's last traded price - was made Octobe...
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Thu 1 Nov, 2007 17:07:32
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Leading Australian gold mining company Newcrest has announced plans to pursue immediate international acquisition deals, having built up its capabilities to do so over time.
At the company's annual general meeting in Mel...
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Thu 1 Nov, 2007 17:03:17
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Japanese mergers and acquisitions (M&A) advisor GCA Holdings has expressed plans to acquire privately held US investment banking firm Savvian, according new to market reports.
In a bid to expand its business abroad...
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Wed 31 Oct, 2007 12:57:21
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Japan's largest general trading company Mitsubishi Corporation is set to acquire a further 31 per cent holding in Kentucky Fried Chicken Japan, according to industry reports.
Valued at 13.9 billion yen (£0.05 billio...
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Wed 31 Oct, 2007 12:22:07
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South Korea's Samsung Electronics has revealed its acquisition of Israeli chip-design firm TransChip.
Samsung, which is the biggest memory chip maker in the world, said the move marked the first time in ten years it has...
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Tue 30 Oct, 2007 17:13:46
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Global private equity company CVC Asia Pacific has announced the completion of a 100 per cent acquisition deal of Taiwan-based Nien Made Enterprise.
Valued at $750 million (£362.9 million), the buyout transaction m...
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Tue 30 Oct, 2007 16:53:14
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In a bid to strengthen its property business in Japan, investment bank Morgan Stanley has announced plans to acquire up to a five per cent holding in Japanese beer company Sapporo Holdings.
Morgan Stanley will set up an...
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Mon 29 Oct, 2007 16:19:26
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The world's fourth largest nickel miner Xstrata has offered a bid of A$3 billion (£1.34 billion) for the acquisition of Australian nickel producer Jubilee Mines, according to latest market reports.
Marking the late...
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Fri 26 Oct, 2007 16:32:32
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The Industrial and Commercial Bank of China (ICBC) is set to pay $5.5 billion (£2.68 billion) to acquire a 20 per cent stake in South Africa's Standard Bank, reports claim.
Marking its third overseas investment ove...
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Thu 25 Oct, 2007 16:28:20
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Malaysia's sixth largest bank Hong Leong is set to acquire a 20 per cent stake in Chinese commercial bank Chengdu, according to latest market reports.
The Malaysian lender has reportedly agreed to pay 877.5 million ring...
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Wed 24 Oct, 2007 17:05:04
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Korea-based holding company STX Corporation has announced the acquisition of a 39.2 per cent stake in Norway's international shipbuilding company Aker Yards, reports claim.
Making the conscious decision to remain below th...
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Wed 24 Oct, 2007 13:47:36
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Leading Chinese budget hotel chain Home Inns & Hotels Management is set to acquire 100 per cent stake in Top Star hotel group, according to latest reports.
Valued at CNY 340 million (£22.16 million), Top Star...
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Wed 24 Oct, 2007 11:48:50
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Thailand-based professional real estate agency Asia Properties (API) has announced its plans to acquire at least a $500 million (£243.9 million) holding in Chinese resort and property assets over the coming year.
Da...
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Tue 23 Oct, 2007 15:25:09
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The Nasdaq-listed information technology and Business Process Outsourcing (BPO) firm Cognizant has acquired marketRx, an Indian-based provider of analytics and related software services.
Cognizant paid $135 million (...
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Mon 22 Oct, 2007 15:15:32
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Two of the world's largest steel producers, Japanese firm Nippon Steel Corp and South Korean-based Posco, have announced an agreed merger to develop recycling plants in South Korea, new reports claim.
As a result of the...
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Mon 22 Oct, 2007 12:46:32
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Global leader of power-plant turbine and jet engine manufacturing General Electric is reportedly set to increase its China-based mergers and acquisitions team three-fold, Bloomberg reports.
In a bid to hit target revenue...
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Mon 22 Oct, 2007 11:21:56
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Upstream oil and gas company Anzon Australia has announced its current negotiations of the final terms of a potential merger with one of the country's pre-eminent energy firms ARC Energy.
Anzon reports that despite recei...
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Fri 19 Oct, 2007 16:11:09
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Japanese brewing company Kirin Holdings is reportedly in the negotiation process to acquire a majority stake in pharmaceutical firm Kyowa Hakko Kogyo.
The potential M&A deal has been valued at over 300 billion yen (&#...
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Fri 19 Oct, 2007 14:22:20
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China's largest steel manufacturer Baosteel has announced its position as actively seeking the acquisition of an overseas listing in a bid to compete on a global platform.
Baosteel's chairman, Xu Lejiang said that despit...
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Thu 18 Oct, 2007 16:24:51
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Singapore state-owned investment corporation Temasek has launched the sale of the first of its three power generation companies Tuas Power, reports claim.
The move is part of an initiative to free up the city's energy ma...
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Thu 18 Oct, 2007 15:31:52
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Morgan Stanley is today (Thursday) expected to acquire a ten per cent stake in a Vietnamese oil firm.
The financial organisation is expected to tie up the deal with PetroVietnam Finance Corporation (PVFC) in Ha Noi.
...
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Wed 17 Oct, 2007 15:09:42
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State-owned Chinese trading company Sinochem Corp has agreed to sell its full stake in Qinghai Salt Lake to Sinofert Holdings, reports claim.
China's leading fertilizer producer and trader has announced that it will sell...
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Wed 17 Oct, 2007 14:34:36
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Australia's leading broadband phone company Engin, has announced that it will accept a takeover bid for its stake in Unwired Group Ltd from Seven Network, according to latest reports.
Engin is currently part-owned by Chan...
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Wed 17 Oct, 2007 10:28:28
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Cross-border mergers and acquisitions (M&As) rocketed in Asia's textiles and clothing, machinery and chemicals markets last year, according to the 2007 UN World Investment Report.
The report revealed that the textil...
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Tue 16 Oct, 2007 16:29:29
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The world's largest industrial distribution company ProLogis has recently announced plans to double its level of investment Asia and Japan.
ProLogis' expansion plans include doubling its Japanese portfolio to $9.5 billi...
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Mon 15 Oct, 2007 17:02:08
Malaysia has seen a huge increase in M&A activity over the last decade and particularly in the last 12 months, it has been reported.
Asian business website the Star Online, says that in the last year a number of "very large M&A deals" have either been made or are in the pr...
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Fri 12 Oct, 2007 15:08:12
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Leading Asian law firms have announced the agreement of a strategic merger in a bid to establish a presence in markets such as Indonesia and Vietnam, latest reports claim.
Linklaters' Singapore arm Allen & Gledhill...
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Thu 11 Oct, 2007 17:16:12
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US derivatives trading software company Trading Technologies plans to extend its presence in Asia, following a string of international mergers, reports claim.
Focusing on Japan and Singapore in particular, Trading Technolo...
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Thu 11 Oct, 2007 16:07:24
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Hong Kong's mass transit railway MTR Corporation (MTRC) has agreed to a merger deal with the Kowloon Canton Railway Corporation (KCRC) after four years of planning and negotiations.
Following a go-ahead from MTRC's mino...
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Wed 10 Oct, 2007 16:01:06
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Midwest Corp has been valued at A$919 million (£405 million) after Australian firm Murchison Metals made a 1-for-1.16 scrip offer for the emerging iron ore miner.
Both Australian firms have been successful in wester...
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Wed 10 Oct, 2007 15:58:04
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New Zealand-based firm Carter Holt Harvey's timber products division has been put up for sale by the country's richest man, Graeme Hart.
Mr Hart is now seeking expressions of interest from potential bidders for the firm,...
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Tue 9 Oct, 2007 15:44:17
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American computer hardware manufacturer Dell has announced a distribution merger with China's biggest electronics retail chain Gome.
The Fortune 500 company has reformed its international sales approach with the Gome dea...
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Tue 9 Oct, 2007 15:18:28
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China Minsheng Bank is set to acquire a 9.9 per cent stake in America's United Commercial Bank (UCB) in a strategic move to expand its hold in foreign assets, reports claim.
The agreed acquisition deal is expected to be...
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Mon 8 Oct, 2007 14:19:55
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Leading US financial services companies Citigroup and Goldman Sachs have both revealed a growing interest in Japanese acquisition deals, according to recent reports.
Citigroup has announced plans to acquire the remaining...
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Mon 8 Oct, 2007 12:52:22
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US biopharmaceutical services company Parexel International has announced the acquisition of Asian-focused research organisation Apex International Clinical Research.
The Taiwan-based firm - now operating under the new n...
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Fri 5 Oct, 2007 16:21:35
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The Financial Supervisory Commission (FSC) in Taiwan has proposed plans to facilitate the acquisition process of domestic banks for both foreign and local investors, according to latest reports.
At present, the governmen...
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Thu 4 Oct, 2007 17:06:33
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Multinational personal care products manufacturer Beiersdorf is set to buy 85 per cent of leading Chinese haircare company C-BONS, reports claim.
The German cosmetics corporation currently operates in China as Nivea Sha...
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Wed 3 Oct, 2007 16:13:34
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Analysts have confirmed a recent growth in the volume of mid-market mergers and acquisitions (M&A) deals in Asia valued between $50 million and $250 million, new reports show.
Latest research from industry analyst De...
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Tue 2 Oct, 2007 14:19:47
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Japanese firm Sony has agreed to enter into a joint venture with German chip manufacturer Qimonda AG, reports claim.
The merger, set to be called Qreatic Deisgn, will involve the chipmaker designing high-performance...
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Tue 2 Oct, 2007 14:18:14
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Swiss investment bank UBS has been named top-earning Asian-Pacific equity bank in the Thomson Extel rankings.
The bank's recent Chinese stock transactions and Australian mergers and acquisitions have boosted the firm's y...
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Mon 1 Oct, 2007 16:36:39
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Offshore wind power developer Bluewater has been snapped up by Australian investment firm Babcock & Brown for $1.6 billion (£783 million).
The company, which is looking to build a windfarm off the coast of Delaw...
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Mon 1 Oct, 2007 16:36:12
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Travel.com.au has announced it is considering a A$50 million (£21.8 million) takeover bid from rival online travel agency Wotif.com.
The Australian firm has been offered bids by Webjet as well as Wotif.com, although...
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Fri 28 Sep, 2007 11:20:57
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Mergers and acquisitions (M&A) in Australia and India along with China's equity capital markets have fuelled Swiss investment bank UBS' earnings in Asia-Pacific over the past nine months, according to new data.
Duri...
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Fri 28 Sep, 2007 11:07:36
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Leading Australian securities firm Macquarie Bank has announced its agreement to buy Canadian invest bank and brokers Orion Financial for a total sum of C$147 million (£72.5 million) in cash and shares, reports claim.
<...
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Fri 28 Sep, 2007 11:03:57
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China may have agreed an acquisition deal to buy shares in the city's stock exchange operator Hong Kong Exchanges and Clearing (HKEx), latest reports suggest.
The acquisition remains as yet unofficial, however, if it...
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Thu 27 Sep, 2007 12:25:05
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Australian broadcaster Seven Network has made a A$127 million (£55.3 million) bid for the acquisition of wireless internet provider Unwired Group.
In a prospective initiative to expand and develop the company's pres...
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Thu 27 Sep, 2007 11:59:16
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Australia's largest publicly traded oil and gas company, Woodside Petroleum, has announced an agreed deal to sell all of its Mauritian assets to Malaysian energy firm Petronas.
The firm, a subsidiary of Malaysian governm...
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Wed 26 Sep, 2007 9:54:37
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China's largest manufacturer and supplier of bimetallic composite wire products, Fushi International, has announced a deal to buy out leading US bimetallic wire manufacturer Copperweld Bimetallics.
Fushi has offered $22....
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Wed 26 Sep, 2007 9:51:32
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Australian coal company New Hope Corporation Ltd (NHC) has announced a multi-million dollar takeover bid for coking and thermal coal miner Resource Pacific Holdings Ltd (RSP).
Based on current share prices, the deal is s...
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Tue 25 Sep, 2007 14:19:59
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Leading Malaysian tile manufacturing company Malaysian Mosaics Bhd (MMosaics) has announced plans to pursue international joint ventures as well as mergers and acquisitions (M&As).
This strategic move to form M&...
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Mon 24 Sep, 2007 15:49:09
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The fully-owned subsidiary of MAA Holdings Bhd - general and life insurer Malaysian Assurance Alliance Bhd (MAA) - has sparked significant interest from four separate bidders in a potential acquisition deal, according to recent re...
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Mon 24 Sep, 2007 14:12:43
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Australasian private equity firm Pacific Equity Partners (PEP) has joined a host of other leading companies contributing to the recent wave of Australian mergers and acquisitions deals, with its buyout of Hoyts Group cinema chain...
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Fri 21 Sep, 2007 17:00:17
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Shagang Group, China's foremost steelmaker, is reportedly in talks with Anyang Yongxing Iron & Steel Co Ltd over the possibility of acquiring an 80 per cent stake in the company.
Last year Shagang spent about RMB 2...
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Fri 21 Sep, 2007 16:58:16
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Investment banks in Asia have made record fees this year as a result of the dramatic growth of mergers and acquisitions (M&A) deals in Australia together with the surge in uptake of shares in Chinese equity, according to a n...
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Thu 20 Sep, 2007 13:51:15
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Newly proposed regulations on mergers and acquisitions for mainland publicly traded companies has been backed by investment bankers and analysts in the financial centres of Hong Kong and Shanghai, it is reported.
The pr...
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Thu 20 Sep, 2007 12:35:55
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Energy provider SP AusNet is set to acquire parent company Singapore Power Ltd's assets, including any outstanding debt, according to latest reports.
The 51 per cent owned subsidiary of Singapore Power currently provi...
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