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VW backs Porsche contracts, paves way for merger21-NOV-09
Volkswagen AG’s supervisory board signed off on contracts for its takeover of Porsche SE in stages, clearing the way for Europe’s largest automaker to add the 911 sports car to its model line up.
Bank stocks rise on merger talk21-NOV-09
The stocks of domestic banks on Friday saw a spike of between 0.72 per cent and 13 per cent on reports that top state-run banks were warming up to the consolidation idea.
Federal may give nod for Catholic Syrian merger in 3 months17-NOV-09
Kerala-based private sector lender Federal Bank is likely to approve the merger of the state-based Catholic Syrian Bank (CSB) within the next three months as it has already completed the due diligence.
Ruchi Soya board approves merger of Mac Oil16-NOV-09
Edible oil manufacturer Ruchi Soya Industries today said its board has approved the merger of Mac Oil Palm, a firm belonging to the company's promoters' group, with itself.
Board okays Samruddhi Cement merger with UltraTech16-NOV-09
The Board accepted the recommendation of the Committee of Directors and approved the amalgamation of Samruddhi into UltraTech.
UltraTech board okays merger16-NOV-09
Samruddhi Cement, a wholly-owned subsidiary of Grasim Industries, is all set to merge with UltraTech Cement, Grasim’s other subsidiary, on July 1, 2010. The merger, to be completed by September, will result in the world’s 10th largest cement maker.
UltraTech board okays Samruddhi Cement merger15-NOV-09
Samruddhi Cement, a wholly-owned subsidiary of Grasim Industries, is all set to merge with UltraTech Cement – Grasim’s another subsidiary, on July 1, 2010. The merger, to be completed by September 2010, will result into world’s tenth-largest cement maker.
UltraTech, Samruddhi merger meet today15-NOV-09
Within one-and-a-half-months of Grasim's decision to demerge its cement business, the second phase of consolidation is likely to begin tomorrow.
British Airways, Iberia agree to $7 bn merger14-NOV-09
British Airways Plc agreed to a $7 billion merger with Spanish carrier Iberia Lineas Aereas de Espana SA, ending more than a year of talks on a tie-up aimed at fighting a slump in travel and closing the gap with competitors.
Large public sector banks may kick off mergers14-NOV-09
Consolidation in the public sector banking space might begin with large banks in which the government holding is close to 51 per cent.
No decision yet on Federal Bank-CSB merger13-NOV-09
The crucial meeting of board of directors of Kerala-based Federal Bank today failed to take any decision on the merger proposal of the Catholic Syrian Bank (CSB) with itself.
Ultratech to discuss Samruddhi merger on Nov 1513-NOV-09
Aditya Birla group firm Ultratech Cement today said its board will meet on November 15 to discuss the the issues related with the merger of Samruddhi Cement with itself.
Bank unions to strike on Dec 16 protesting merger12-NOV-09
Bank unions have called for a countrywide bank strike on December 16 to protest the merger of State Bank of Indore with the State Bank of India.
NMDC-SIIL merger likely by January12-NOV-09
The country's largest iron ore producer NMDC expects the proposed merger of secondary steel maker SIIL with itself to take place in January, after it gets the Corporate Affairs Ministry's clearance.
DoT may reconsider Etisalat DB-Allianz merger proposal12-NOV-09
The Department of Telecommunications may relook at mobile operator Etisalat DB’s proposal of merging new player Allianz Infratech with itself, as it now feels the deal does not involve sale of equity, which is barred for three years.
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