Data Room News
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.
News provided by Ansarada, secure virtual deal room providers.
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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