Sunís revised offer per share is 5x the original deal struck in 2007; even with 61% premium over previous offer last October, Taro is cheaper, compared to peers.
Sun Pharmaceutical Industries Ltd, Indiaís largest pharmaceutical company by market capitalisation, has reached an agreement to buy out the minority shareholders of New York Stock Exchange ....
Google Inc. (GOOG) will cut about 4,000 jobs at its Motorola Mobility Holdings Inc. unit, or 20 percent of the staff at the company it bought for about $12.5 billion.Two-thirds of the reductions will be outside the U.S., the Mountain View, California-based company said in a regulatory filing today....[Read More]
Swiss private bank Julius Baer is to buy Bank of America's Merrill Lynch private bank outside the United States, paying 860M Swiss francs ($882M) to boost its assets under management by 40% and backing the deal with plans to raise 1.19B francs in new capital....[Read More]
Toyota Enterprises, the non-automotive arm of Toyota Group, has entered into a joint venture with the Bangalore-based Hyagreev Hotels, which runs The Chancery Hotel in Bangalore. Toyota Enterprises operates a chain of hotels in Japan, and this is its first project away from home. ...[Read More]
In a bid to shed its premium tag and shore up volumes, Czech car maker Skoda is working at entering the pre-owned car business by the end of the financial year. The move comes on the back of automobile companies increasingly attempting to expand volumes in a sluggish market by initiating new customers into their brands through pre-owned vehicles and retaining older ones through loyalty programmes...[Read More]
IBM today announced that HMEL, a joint venture between Hindustan Petroleum Corporation Ltd (HPCL) and Mittal Energy Investment Pte Ltd., Singapore, has adopted a new IBM analytics-based solution to transform the way the company manages its financial and operations data...[Read More]