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EDGE boosts defence portfolio with Abu Dhabi group takeoverEDGE Group, one of the world's top 25 advanced technology groups for defence and beyond, said it has acquired a 70% stake in Abu Dhabi-based Gradeone, a specialist in manufacturing of non-lethal pyrotechnics, ammunition, defence-related co More… |
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Gulf Marine rejects Seafox takeover offerAbu Dhabi-based Gulf Marine Services (GMS) said its board has unanimously has rejected the unsolicited approach by Seafox International, a leading global offshore jack-up company, to acquire GMS for $32 million. GMS said it is per More… |
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Gulf Marine rejects Seafox takeover offerAbu Dhabi-based Gulf Marine Services (GMS) said its board has unanimously has rejected the unsolicited approach by Seafox International, a leading global offshore jack-up company, to acquire GMS for $32 million. GMS said it is per More… |
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Dubai Islamic mulls rival Noor Bank takeoverDubai Islamic Bank (DIB) said its board is seriously pursuing a potential acquisition of Noor Bank, a major shari'a compliant lender in the UAE. The largest Islamic bank in the UAE by total assets, DI More… |
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Thales completes $5.4 billion takeover of GemaltoFrance-based multinational Thales, a leader in the aerospace, space, defence to security & transportation industries, has announced the global acquisition of digital security group Gemalto in a deal worth €4.8 billion ($5.38 billion). More… |
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BAT agrees to acquire Reynolds for $49 billionBritish American Tobacco (BAT) has agreed a takeover of Reynolds American, the maker of Camel and Newport cigarettes, for a consideration of $49.4 billion to acquire the remaining 57.8 per cent of Reynolds not already owned by BAT. More… |
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21st Century Fox to buy Sky for $14.6 billion21st Century Fox, the international film and television giant, has agreed to buy British broadcaster Sky, the owner of Sky News, for GBP11.7 billion ($14.6 billion). Rupert Murdoch’s Fox already owns just over 39 per cent of More… |
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SABMiller investors cheer $100bn AB InBev takeoverSABMiller shareholders overwhelmingly backed the brewer's $100 billion-plus takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. The combined group wi More… |
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Bondholders to take control of Kurdish oil firm Gulf KeystoneKurdish oil producer Gulf Keystone will be taken over by its bondholders, including distressed-debt funds, after the firm proposed to swap $500 million of debt for shares, effectively wiping out its equity shareholders. More… |
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Hershey rejects $23bn Mondelez takeover offerHershey Company has rejected a $23 billion takeover bid by Mondelez International that would seek to expand the latter's limited US footprint and create the world's largest confectioner. The snub unders More… |
