Wednesday 1 June 2016
 
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merger

Saudi Aramco, Sabic rule out petchem units merger

National oil giant Saudi Aramco and Saudi Basic Industries Corp denied on Saturday they had any plans to merge their petrochemicals businesses after media reports on the possibility. "The companies wish to clarify that they h

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Saudi Aramco, Sabic rule out petchem units merger

National oil giant Saudi Aramco and Saudi Basic Industries Corp denied on Saturday they had any plans to merge their petrochemicals businesses after media reports on the possibility. "The companies wish to clarify that they h

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Gulf Hotels, Bahrain Tourism Company agree $92m merger

Shareholders of the Gulf Hotels Group and the Bahrain Tourism Company (BTC), which owns the kingdom's Crowne Plaza and the Bahrain Conference Centre, have approved a proposal for a BD35 million ($92.2 million) merger deal. Sep

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Halliburton, Baker Hughes scrap $28bn merger

Oilfied services provider Halliburton and smaller rival Baker Hughes announced the termination of their $28 billion merger deal on Sunday after opposition from US and European antitrust regulators. The tie-up would have brought to

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Lufthansa CEO eyes airline mergers in Europe

German airline Lufthansa wants to take part in much-needed industry consolidation in Europe so carriers can compete better with US and Asian rivals, chief executive Carsten Spohr said on Thursday. Spohr told an annual shareholders

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Bank Dhofar offers terms of merger to Bank Sohar

Oman's Bank Dhofar, in talks with Bank Sohar on a possible merger, said on Sunday that it communicated the terms for a deal to its smaller rival after completing due diligence. Bank Dhofar, the sultanate's second-largest l

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Middle East M&A deal count remains steady in Q1

A total of 13 merger and acquisition deals with a value of $1.5 billion were announced in the Middle East in the first quarter of this year, according to a report. The total number of deals was the same as in Q1 2015, but the tota

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Pfizer, Allergan to terminate merger

Drugmakers Pfizer Inc and Allergan Plc will mutually terminate their merger early Wednesday morning, according to a source familiar with the matter. Earlier on Tuesday, Reuters reported that Pfizer was leaning towards abandoning i

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Asian airlines could benefit from Alaska-Virgin merger

Alaska Air Group’s plan to buy Virgin America makes the company a more attractive partner to Asian airlines looking for extra revenue from connecting passengers to flights within the US, industry executives and experts say.

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Bahrain Tourism Company merger offer opens

Offers to Bahrain Tourism Company (BTC) shareholders which would lead to the company’s merger either with Gulf Hotels Group (GHG) or Al Jazeera Tourism Company (AJTC) has opened, with both the firms having made separate offers to acquire

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