MERGER AND ACQUISITION DEALS IN AUSTRALIA FACE PRESSURE

Highlights

• Coronavirus outbreak has adversely affected financial markets 
• It has made difficult to put price tags on deals 

Reports suggest that at least three Australian takeovers are facing lower prices a...

SPICEJET ANNOUNCES TO SIGN A PACT WITH GHASL

Highlights

• It is to set up a warehousing, distribution and trading facility in the airport operator's aerospace and industrial park
• GAHSL is a fully-owned subsidiary of GMR Hyderabad International Airport Ltd

On Friday, Budget ca...

GOLDMAN SACHS AND CHRYSCAPITAL VIE TO BUY A 20% STAKE IN SHRIJI POLYMERS (INDIA) LTD

Highlights

• Shriji Polymers is expecting to get a valuation of nearly 1,200 crore
• The deal is still being negotiated

Reports suggest that ChrysCapital and Goldman Sachs are vying to buy a 20% stake in Shriji Polymers (India) Ltd. Gold...

THE MERGER OF CONSUMER PRODUCTS HAS FAVORED TATA GROUP

Highlights

• The markets have warmed up to the move
• The merger will broaden the product portfolio along with doubling the household reach

The Tata group had earlier announced a restructuring of its consumer products business. It was un...

EXOR TO SELL PARTNERRE TO COVEA

Highlights

• The deal is worth $9 billion
• MoU has been signed between the two

On Tuesday, Exor stated that it has entered a memorandum of understanding (MoU). MoU is to sell its 100% stake in PartnerRe. It will be sold to Covea. The d...

GILEAD SCIENCES INC WOULD BUY FORTY SEVEN INC

Highlights

• The deal would be for $4.9 billion
• It will add to its portfolio of oncology drugs

On Monday, Gilead Sciences Inc said it would buy Forty Seven Inc. It will be $4.9 billion in cash. To its portfolio of oncology drugs, it w...

MERGER AND ACQUISITION DEALS IMPACTED BY CORONAVIRUS OUTBREAK

Highlights

• Market witnessed a steep drop
• Many companies have paused their M&A deals 

The global coronavirus outbreak has triggered a steep market drop. It has led many companies to pause mergers and acquisitions (M&A). I...

THYSSENKRUPP SELL ITS ELEVATORS DIVISION

Highlights

• It has been sold to a consortium of Cinven, Advent, and RAG foundation
• The deal is worth 17.2 billion euros

On Thursday, Thyssenkrupp AG stated that it agreed to sell its elevators division to a consortium of Cinven, Adven...

WIPRO CONSUMER CARE VENTURES INVESTS IN LETSSHAVE

Highlights

• Wipro Consumer Care Ventures was launched with an objective of investments in startups 
• LetsShave plans to expand to personal care categories like skincare, body care

Wipro Consumer Care Ventures will...

NEW PRODUCTS UNDER NESTLE AND STARBUCKS ALLIANCE TO HELP INCREASE SALES

Highlights

• Many products will be introduced globally
• The alliance will help Nestle to tackle competition in the coffee market

New products developed under the coffee alliance of Nestle and Starbucks will help to increase sales. It is...

BHARTI INFRATEL EXTENDS DEADLINE FOR THE INDUS MERGER

Highlights

• It has been shifted to April 24
• It has been extended for the third time

On Monday, the board of Bharti Infratel extended the deadline for the closure of its merger with Indus Towers. It wa...

PEPSICO INC TO BUY BE & CHEERY

Highlights

• The deal is worth $705 million
• Be & Cheery is one of the largest online snack companies of China

PepsiCo Inc has agreed to buy Be & Cheery. Be & Cheery is a Chinese snack brand. It will be bought from the local...

HP TO IMPLEMENT A POISON PILL PLAN

Highlights

• Xerox Holdings Corp aims to acquire it
• Experts have differing views on the same 

On Thursday, HP Inc said it would implement a poison pill plan. The move came after Xerox Holdings Corp pushed ahead with its efforts to...

CHINA PLANS TO TAKE OVER HNA GROUP CO

Highlights

• It is due to the coronavirus outbreak
• The outbreak has hit its ability to meet financial obligations

As per the reports, China plans to take over HNA Group Co. It also plans to sell off its airline assets. It is because it...

GRAND PARADE TO SELL ITS STAKE IN BURGER KING FRANCHISE TO ECP AFRICA FUND

Highlights

• GPI Ltd. has 95.36% stake in Burger King franchise
• It will be for 697 million rand

On Wednesday, Grand Parade Investments (GPI) Ltd stated that it will sell its 95.36% stake in the Burger ...

RELIANCE TO MERGE ITS MEDIA BUSINESSES UNDER ONE UMBRELLA

Highlights

• Hathway Cable & TV18 Broadcast, Datacom and Den Networks will merge into Network18 Media & Investments
• The integrated company will have a revenue of Rs 8,000 crore.
   

Reliance Industries-owned business...

NEW YORK DROPS ITS FIGHT AGAINST A MERGER DEAL

NEW YORK DROPS ITS FIGHT AGAINST A MERGER DEAL

Highlights

• Merger is between Sprint Corp and T-Mobile US Inc  
• The deal is worth $40 billion

On Sunday, New York dropped its fight against a merger deal. ...

GRUPO BOTICARIO CONSIDERS DOMESTIC AND FOREIGN ACQUISITIONS

Highlights

• It is in the wake of intensification of competition
• It plans to invest 350 million - 400 million reais

On Thursday, the chief executive of Grupo Boticario stated that they are considering domestic and foreign acquisitions....

GOOGLE COMPLETES ITS BUYOUT OF LOOKER DATA SCIENCES

Highlights

• The deal is worth $2.6 billion
• It won clearance from Britain’s competition watchdog

On Thursday, Google stated that it has completed its $2.6 billion buyout of Looker Data Sciences. It happened after winning clearanc...

US JUDGE APPROVED THE T-MOBILE - SPRINT DEAL

Highlights

• Claims of violation of antitrust laws and raised prices was rejected
• Merger deal will be an advantage for Softbank Group

The takeover of Sprint Corp by T-Mobile moved ahead. It was after a federal judge approved the deal o...