J&J to acquire Proteologix for US$850 million
JOHNSON & Johnson said on Thursday (May 16) it would acquire Proteologix for US$850 million in cash, as it looks to gain...
More companies are selling shares to help cut debt
WHEN Metals Acquisition bought a copper mine in Australia from Glencore for almost US$900 million upfront in 2023, it turned to the...
Elon Musk ordered to testify again in US SEC probe of Twitter takeover
A US Federal court ordered on Tuesday that Elon Musk must testify again in the US Securities and Exchange Commission’s investigation into...
Uber to buy Delivery Hero’s Taiwan business for US$950 million
UBER Technologies is buying Delivery Hero’s foodpanda business in Taiwan for US$950 million, shoring up its control of a key Asian market...
ByteDance shelves sale of Moonton game studio, picks new chief
BYTEDANCE plans to install a new chief at subsidiary Shanghai Moonton Technology, after abandoning a plan to sell the most valuable gaming...
OCBC’s offer for Great Eastern is about responding to minority dissent, doubling down on its strategy
THIS column said last week that OCBC had three options to address the undervaluation of Great Eastern’s shares: it could organise a...
Sony’s plans for Paramount include sale of famous studio lot
SONY Group plans to sell the historic Paramount Pictures lot in Los Angeles, featured in films such as Sunset Boulevard, if it...
Biden determined to keep US Steel in US hands: White House
PRESIDENT Joe Biden remains determined to make sure US Steel Corp remains in American hands, the White House said on Thursday.
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
LIPTON Teas & Infusions BV’s move to sell the last of its tea plantations is a strategic shift by the world’s biggest...
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
ONE day after Dutch global commodity merchant Louis Dreyfus Company raised its takeover offer to A$0.67 per share for Namoi Cotton, Olam...