GSK was offered a formal takeover bid priced more than a billion pounds for its soft drink brand Lucozade and Ribena by Blackstone and Lion Capital.
Sectors
Toyota Targets Myanmar for Expansion
Toyota Motor Corp, the world’s biggest carmaker announced its planned expansion in Myanmar, Cambodia and Kenya.
UPDATE: Nokia Buys Siemens Stake in Joint Unit for US$2.2 Billion
Finland based Nokia bought Siemens AG’s stake in the telecoms-equipment venture company priced at Eur1.7 billion.
McDonald’s May Look at QIP, FPO to Raise Funds
Hardcastle Restaurants looks at raising funds through a qualified institutional placement (QIP) or a follow on public offer (FPO) as it planned to double its store chains in India.
Walmart and Tesco May Get In India's Retail Industry without Conditions
The government of India may allow foreign retail stores such as Walmart and Tesco to come into the industry without any of those conditions given that their multi-brand retail venture is less than 50%.
Latest News
Ahmed Reda Halawani resigned from Kingdom Holding Co. due to personal obligations and commitments as stated by the company in a statement on the Saudi bourse.
Onyx Pharmaceuticals Inc stated that it has rejected the unsolicited bid from Amgen Inc priced at US$120 per share piece.
Noki Oyj agreed to buy the stakes of Siemens AG in the Nokia Siemens Network according to sources. (Photo : Reuters)The image shows the Nokia Siemens Network sign inside the company's building.
Fund firms threatened the privatization of Lloyds Banking Group until rulings are clarified by banks and regulators.
France announced sale of its 4.69% stake in ADP, a Paris airport operator to Vinci and Credit Assurances.
Maria Fekter, Austria's Finance Minister was confident about getting the deal from EU after some negotiation.
The International Monetary Fund said the markets overreacted even if the US Federal Reserve didn't know how to stop buying bonds.
Through rights offering with private investors, Greece's Piraeus Bank would be able to raise Euro 7.33 billion.
General Council for Islamic Banks and Financial Institutions intends to expand to adjacent countries.
