India-based Lanco Infratech Ltd is considering a sale of its Australian unit, Griffin Coal Mining Co, so it could help pay debt, according to sources interviewed by Bloomberg.
Investors
Canada's Saputo hikes Warrnambool stake again
Canada-based dairy firm Saputo Inc has again increased its stake in its takeover target, Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd, from 20.141% yesterday to 21.392%.
Netherland's NXP Semiconductor CEO Richard Clemmer mulling over $1.5B in acquisitions
NSP Semiconductor Chief Executive Officer Richard Clemmer told Bloomberg that he is thinking of making as much as $1.5 billion in acquisitions of semiconductor companies that complement its core operations.
Schaft Inc co-founder opens fund to invest in Japanese startups, universities
Schaft Inc Co-Founder Takashi Kato has launched 246 Capital, a fund that seeks to invest in technologies by Japanese startups and universities not noticed by investors, Bloomberg reported.
US tech firm GitHub buys web design startup Easel
San Francisco, US-based social coding firm GitHub purchased web design startup Easel for an undisclosed amount, according to a blog published by GitHub earlier today.
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BlackRock will be ending its worldwide analyst survey program as part of its agreement with the office of the New York Attorney General, Reuters reported.
Qihoo 360 Techology Co., China's second-largest search engine by users, on Thursday dismissed rumors that e-commerce major Alibaba Group Holding would pick up a stake in the company. Qihoo shares surged 9.3% on Wednesday on speculation the two companies were in talks over a deal.
Pharma giants Novartis International AG and Merck & Co. Inc. are reportedly negotiating an asset trade of about $5 billion each. Novartis wants to exchange its animal health and human vaccines businesses for Merck's over-the-counter health products unit.
Tech giant IBM Corp. said it will invest more than $1 billion to create the IBM Watson Group. The new business unit will enable IBM to get more revenue from the supercomputer system Watson.
China-based car parts conglomerate Wanxiang has sweetened its bid for failed US electric car maker Fisker Automotive in a battle with its rival suitor, Hong Kong-based firm Hybrid Technology.
The Municipal Securities Rule-making Board has released draft rules today aimed at tightening the standards that govern the conduct of firms that give advice to public officials regarding their municipal bonds.
McKesson Corporation has sweeten its offer for German counterpart Celesio AG in a bid to win over hedge fund Elliott Management Corporation. McKesson has lifted its bid from €23 per Celesio share to €23.50 apiece.
New York, US-based small and medium business (SMB) capital provider CAN Capital scored $33 million in a funding round co-led by Meritech Capital Partners and Accel Partners.
The reopening of the IPO market in China did not inspire private equity managers in Asia who do not believe that the development would help companies make profitable exits.
