British American Tobacco (BAT) has agreed a takeover of Reynolds American, the maker of Camel and Newport cigarettes, for a consideration of $49.4 billion to acquire the remaining 57.8 per cent of Reynolds not already owned by BAT.
21st Century Fox, the international film and television giant, has agreed to buy British broadcaster Sky, the owner of Sky News, for GBP11.7 billion ($14.6 billion).
Rupert Murdoch’s Fox already owns just over 39 per cent of
SABMiller shareholders overwhelmingly backed the brewer's $100 billion-plus takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history.
The combined group wi
Kurdish oil producer Gulf Keystone will be taken over by its bondholders, including distressed-debt funds, after the firm proposed to swap $500 million of debt for shares, effectively wiping out its equity shareholders.
Hershey Company has rejected a $23 billion takeover bid by Mondelez International that would seek to expand the latter's limited US footprint and create the world's largest confectioner.
The snub unders
Asia's largest budget airline AirAsia has received a $1 billion offer for its aircraft leasing unit, Bloomberg News quoted chief executive Tony Fernandes as saying.
AirAsia intends to divest the business, Asia Aviation Capital
Kuoni Group's board of directors has confirmed that Swedish private equity group EQT has emerged as the preferred party from a competitive process regarding a potential takeover offer for the group and other strategic options.
Royal Dutch Shell shareholders approved its $50 billion takeover of BG Group on Wednesday, clearing the last main hurdle to creating the biggest liquefied natural gas (LNG) trader in the world.
BG shareholders are also expected to
The Board of Directors of Kuoni Group, a leading global travel and destination management services company, has released a statement confirming recent media speculations around a potential takeover of the company.
In the statement
The board of Kuwait's Viva is advising shareholders that the pricing of a takeover offer from Saudi Telecom Company is not fair, but it is up to shareholders to decide whether to sell their shares, Viva said on Tuesday.