Search Result for : Merger And Acquisition

The Dollar Business Bureau India-based leading car parts manufacturer Motherson Sumi Systems Ltd (MSSL) has agreed to acquire Finland’s truck wire manufacturer PKC Group for $609 million (571 million euros). “At a meeting of its Board of Directors held on January 19, 2017, MSSL has approved a proposal to launch a voluntary, recommended public tender offer for the acquisition of the outstanding share capital and voting rights of PKC Group Plc (PKC), Finland,” Motherson Sumi said in a statement. MSSL has offered a cash consideration of 23.55 euros per share/options, representing a 51% premium to a closing price of PKC on Thursday, it said. MSSL will extend a voluntary and recommended public tender proposal to buy all the outstanding and issued shares and options ...

The Dollar Business Bureau  Indian multinational Sun Pharmaceutical Industries Ltd. said on Friday that it has concluded the acquisition of Ocular Technologies Sarl (OTS), a US-based specialist in eye care. “All the necessary formalities for closure of the said transaction have been concluded and the company has successfully completed the acquisition of Ocular Technologies Sarl, on December 15, 2016,” Sun Pharma said in a filing with the Bombay Stock Exchange (BSE). In October 2016, Sun Pharma announced the acquisition of 100% equity share in OTS, which was owned by a private equity company - Auven Therapeutics, for $40 million front payment. The Indian MNC will pay further contingent after meeting the drug development and sales milestones and also tiered royalty on sales of the ...

PTI Yahoo will be bought by American telecom giant Verizon Communications for nearly $5 billion (about Rs.32,358 crore) in cash, ending a two-decade run as an independent company for the Internet pioneer.Yahoo will be combined with AOL, another faded Internet star that Verizon bought last year. Verizon chief executive Lowell McAdam said this will create "a top global mobile media company, and help accelerate our revenue stream in digital advertising."The acquisition, expected to close in early 2017, pending shareholder and regulatory approval will exclude Yahoo's cash, certain patent holdings, as well as its share in China's Alibaba Group and stake in Yahoo Japan.Yahoo, which was the entry door to the Internet for an early generation of web users, has been coping with years of ...

Source: PTI Corporate India's merger and acquisition (M&A) spree saw a significant uptrend in October, taking the deal tally for the first 10 months this year to $29 billion, says a Grant Thornton report. According to the assurance, tax and advisory firm, there were 58 M&A transactions worth $3,144 million in October, a jump of 233%. M&As were up 35% in terms of the number of transactions. The significant growth in October values was due to big ticket transactions, the report said, adding that seven deals were valued over $100 million each and one was worth a billion dollar. Together, they contributed to around 80% of total M&A value. “Outbound investments and Domestic M&A have been demonstrating signs of growth,” Grant ...