December 15, 2014 1:44 pm
Recall Holdings Ltd rejected a takeover approach from rival information storage company Iron Mountain and said the bid was undervalued. This is the latest Iron Mountain attempt at an acquisition, as both companies have been looking for opportunities to buy smaller rivals through the past year. Recalls board unanimously rejected the A$2.2 billion bid as […]
Read moreDecember 15, 2014 11:00 am
PetSmart Inc has agreed to be bought by a consortium led by Europes private equity firm BC Partners for $8.7 billion, in the largest leveraged buyout of the year. The consortium, including La Caisse de dépôt et placement du Québec and StepStone, will acquire PetSmart for $83 per share, or around 6.42% premium to the […]
Read moreDecember 15, 2014 10:45 am
Volvo AB is changing strategy to appeal more directly to buyers, particularly focusing on online marketing instead of depending on auto shows as before. According to an official statement, the car maker will be taking part in only one motor show per region as of 2015. Volvo also revealed that it intends to invest more […]
Read moreDecember 15, 2014 9:22 am
Sony Pictures Entertainment issued a request that news organizations stop unveiling materials from a serious computer hack. Attorney David Boies wrote in a statement to news organizations that any information that has been stolen and illegally acquired should be destroyed by media companies. According to Mr. Boies, such companies will be held responsible for any […]
Read moreDecember 14, 2014 1:27 pm
Tesla Motors Inc. announced that its top executive in China is to leave the company. According to a statement taken by the electric-car makers spokesman, Richard Lan, the President of the China-based operations of Tesla, Veronica Wu, has issued her resignation. Mr. Lan refused to reveal when the last day of Ms. Wus tenure will […]
Read moreDecember 13, 2014 7:59 am
The largest dairy manufacturer in the world, Danone SA, revealed in an official statement on Friday that it intends to keep its medical-nutrition operations, after spending several months in negotiations with eventual buyers. The companys decision triggered speculations that the France-based company could be considering a larger deal on the way to its goal to […]
Read moreDecember 12, 2014 1:00 pm
United Technologies Corp announced lower forecast for 2015, as the new CEO considers the value of existing business and the possibility of acquisitions. After the unannounced departure of Louis Chenevert, Greg Hayes took over as the new CEO of United Technologies. Following his appointment, Mr. Hayes admitted that investor returns had “not been very good” […]
Read moreDecember 12, 2014 11:53 am
The third-largest airline in the U.S., Delta Air Lines Inc., projected that its profit over the upcoming year would be boosted by declining fuel prices. However, the company said that lower prices could also have a negative effect, forcing it to give up from a total of $1.2 billion from fuel hedging. Delta Air forecast […]
Read moreDecember 12, 2014 9:23 am
According to a person familiar with the situation, who asked not to be named because the matter is still not public, Google Inc. intends to shut its engineering operations in Russia. The companys decision to transfer the operations out of the country is considered to have come, after the implementation of new rules by the […]
Read moreDecember 12, 2014 8:49 am
The share sale of the largest auto maker in Italy, Fiat Chrysler Automobiles NV, will be done at a discount of 4.1% after on Wednesday the auto makers stock plunged the most since its debut on the New York Stock Exchange in October. Fiat Chrysler made an official statement that an offering of 87 million […]
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