Meda inks deal to buy Acton Pharmaceuticals for USD 135 million

Swedish pharmaceutical firm Meda announced the signing of a deal for the USD 135 million purchase of US-based Acton Pharmaceuticals.


Lowe’s completes acquisition of Orchard Supply Hardware stores

Lowe's Companies Inc. announced today an acquisition deal had completed for Orchard Supply Hardware stores valued USD205 million in cash and payables.

Federal Government of Nigeria loses USD 40 billion in 76 oil leases not yet in production

The Federal Government of Nigeria lost USD 40 billion in downstream infrastructure investments for 76 non-producing oil leases.

Thai billionaire bids for Hutchison Whampoa's ParknShop- sources

Sources said Thai billionaire Dhanin Chearavanont submitted its bid for Li Ka-shing's ParknShop chain.


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The government of Germany said it was still open to talk with Airbus about its development loan. The German government said it is still willing to discuss the development loan with Airbus.
The foundation of Royal KPN exercised its option to purchase preferred shares of the company to block America Movil's bid for majority ownership.
Malaysian palm oil producer Sime Darby said the sale of its healthcare unit boosted fourth quarter profits.
German car manufacturer Daimler Mercedes-Benz planned to increase the number of its dealer outlets in China to get a bigger share of the world's largest auto market.
Sources told a Belgian business daily that the government could sell a small portion of its stake in the Belgacom Group.
AT&T would be looking into Vodafone group's remaining assets in the midst of the British mobile carrier's exit from the US wireless business with the buyout from Verizon Communications.
A Reuters report cited Wall Street Journal sources who said that Cumulus Media, a radio broadcasting company set its sight on buying out Dial Global, a content producer, for USD260 million in cash.
A Wall Street Journal report said General Electric Co will divest its US-based consumer lending business of GE Capital to focus on its core industrial operations.
Sinopec, the state owned oil and gas firm, forms Apache and Sinopec Group through the purchase of 33% of the Apache Corp.
SCA Property's gearing, its debt to ratio assets, is projected to rise to 33% and can rise to as much as 40% according to its CEO.