Leveraged Buyouts

Aussie Treasurer Hockey to approve plans of ADM to increase stake in GrainCorp instead of a takeover

Both Archer-Daniels-Midland Co. and GrainCorp Ltd expressed their disappointment over the ruling of Australian Treasurer Joe Hockey regarding the US corn processor's takeover of one of the largest crop handlers in Australia.


Italy's Barilla family buys New Zealand dairy farm for USD25 million

Italy-based Barilla family, the founders of the biggest company pasta in the world, have shelled out USD25 million to acquire a South Island dairy farm.

Chilean drug maker CFR makes BEE pledge in Adcock takeover

Chile-based drug firm CFR Pharmaceuticals promised a 25.1% stake for its black shareholders should the acquisition of local pharmaceutical company Adcock Ingram be approved, in line with South Africa's black economic empowerment (BEE) codes.

Indian firm Tech Mahindra mulls merger with Mahindra Engineering

Information, communication and technology (ICT) solutions provider Tech Mahindra is holding a board meeting on Friday to consider a merger with engineering firm Mahindra Engineering Services.


Latest News

Canadian gas and oil producer Pacific Rubiales Energy Corp (PREC) announced that it has closed the acquisition of light oil and pipeline firm Petrominerales Ltd.
New data released by the US Federal Deposit Insurance Corporation reflected the increasing activity in structured products purchases by US banks to offset effects of low interest rates.
Private equity firms T. Rowe Price Group Inc, Magnetar Capital LLC and over 100 shareholders of Dell Inc invoked their rights for an appraisal of their collective 2.7% interest in the company through the Delaware court system in contest of the USD24.9 billion buyout of Dell.
Chinese photovoltaic solar farm operator GoldPoly New Energy Holdings will be purchasing an 80% equity stake in solar farm projects for HKD 100 million or USD 12.9 million.
Illinois-based giant pork producer The Mashhoffs inked a definitive agreement to acquire Midwest poultry producer GNP Company in a deal that will provide the capital that GNP needs for its growth.
Sources told Bloomberg that Beijing-based insurance firm Anbang Insurance Group was thinking of offering a bid for Hong Kong's Wing Hang Bank Ltd even though an Anbang press official said the company has no plans to purchase the lender.
Graham Holdings Co. announced the sale of the headquarters of The Washington Post to developer Carr Properties for USD159 million in a deal expected to be closed by the end of March 2014.
Specialty Fashion Group, the biggest women's fashion seller in Australia, bought the Rivers clothing brand for USD5 million and plans to increase the number the Rivers outlets from 160 to 220.
Hong Kong-based Shuanghui International Holdings intends to offer a counter bid for Spanish meat processor Campofrio. Mexican food company Sigma Alimentos earlier offered Campofrio a takeover deal worth EUR695 million.
Australia-based gas and oil explorer Octanex said the main reason for its merger with Peak Oil & Gas was the latter's access to exploration projects in the Philippines and in Indonesia.
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