Mergers & Acquisitions
The BT deal to takeover EE gets a clean chit from CMA
The BT Group deal concluded smoothly when the British Competition and Markets Authority gave its go-ahead. The verdict brought together two huge customer bases under the same roof, which can potentially make BT the largest provider of mobile, home telephone, internet and TV services in the United KIngdom.
Sainsbury’s and Wesfarmers show keen interest to buy out Home Retail Group companies
Two big names, Wesfarmers and Sainsbury's, are vying for the Home Retail deal, despite warnings sent out by the seller itself regarding low profit expectations. While the deal seems to be in favor of Wesfarmers, Sainsbury's is not out of the picture yet.
MUFG buys 20% stake in Philippines' Security Bank
Japan’s Mitsubishi UFJ Financial Group is said to have agreed to buy a 20 percent stock in Philippines' lender Security Bank Corp for $773 million (36.9 billion pesos), as an effort to strengthen its growth in Southeast Asia.
Motorola Solutions Acquires Airwave for $1.2 Billion
Motorola acquires UK's Airwave for $1.2 billion to enhance its service business in mobile communication.