Dutch insurer Delta Lloyd NV (DLL.AS) has agreed to sell its Belgian banking operations to China's privately-held Anbang Insurance Group for 219 million euros ($273 million).
consolidation
Sprint Corp's shares climbed as much as 15% earlier in trading day today as speculation that it will be merging with rival T-Mobile US Inc rises, said a Bloomberg report.
The acquisition by dual location-based chip manufacturer Avago Technologies Ltd of LSI Corp marked the second biggest acquisition in the semiconductor industry for this year, said a Businessweek report.
TransUnion securing the approval from the US Bankruptcy Court for the Southern District of Florida to acquire TLO LLC would mark the end of the court-supervised acquisition.
A flush of mergers and acquisitions was expected to come in as early as the end of the year, according to a report from financial news magazine Barron's.
CareFusion Corp's acquisition of Vital Signs from GE Healthcare was considered strategic as the former aimed to expand its anesthesiology and respiratory care business while saving up to USD15 million in annual costs.
In an interview, Gabriele Galateri, Telecom Italia's director, sees the need for the consolidation of the European telecommunications industry.
Anshu Jain, co-CEO of Deutsche Bank, said the current climate would move banks to consolidate.
Telecom Italia's chairman Franco Bernabe said that price was unsustainable and an alliance was likely to happen.
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