Page 11 - Merger

Shriram Transport: Analysts see limited near-term synergy post merger

Street has reckoned Shriram Transport Finance Corporation as an indirect play on the CV cycle - this appeal will reduce post the potential merger, analysts said

Shriram Capital closes in on a merger deal with two lending units

Unlisted Shriram Capital is in the process of firming up the amalgamation with Shriram Transport Finance Co and Shriram City Union Finance Ltd

Zee-Sony merger deal not in interest of small shareholders: Invesco

In its letter on Monday, Invesco said the lack of clarity around key aspects of the Zee-Sony announcement should concern all shareholders

Zee Entertainment-Sony Pictures merger: Making of a media behemoth

The most important part of the deal is the $1.57 billion that will be infused into the new entity by Sony

What symptoms do merger talks between Clix and Suryoday SFB represent?

The guidelines for on-tap SFB licences have it that an applicant not found suitable for a licence will not be eligible to apply again for three years

Clix Capital, Suryoday SFB in merger talks; deal in advanced stage

Clix had earlier made a non-binding offer to buy up to 85 per cent stake in LVB

Self-driving vehicle start-up Aurora to go public in $11-bn Spac merger

The deal represents an equity value of $11 billion for Aurora, and the combined company will be valued at $13 billion, according to a statement Thursday.

Chinese regulator halts Tencent-backed Huya-Douyu game-streaming merger

China's market regulator on Saturday blocked the merger of Tencent-backed game streaming platforms Douyu and Huya following an anti-monopoly investigation, as authorities ramp up scrutiny

Arm CEO says Nvidia merger better than becoming standalone public company

Nvidia Corp's proposed $40 bn acquisition of Arm Ltd would better support creation of UK technology jobs than SoftBank Group unit becoming a standalone public company once again, Arm's CEO said

Piramal, DHFL merger: The road ahead remains bumpy due to legal hurdles

Former promoter moves Supreme Court, debt investor 63 moons vows to move court to recover dues

Grab to unveil world's biggest SPAC merger, valued at nearly $40 bn: report

The deal for Grab, which was valued at just over $16 billion last year, will be a big win for its early backers such as SoftBank Group Corp and China's Didi Chuxing.

CCI clears acquisition of Columbia Asia Hospitals by Manipal Health

The Competition Commission of India (CCI) on Friday approved acquisition of Columbia Asia Hospitals by Manipal Health Enterprises

JSL, Jindal Stainless (Hisar) boards approve merger in share swap of 1:1.95

Move to expand turnover of merged entity to Rs 20,000 cr, make it the only Indian firm in global top-10 list of stainless steel makers

Unilever says UK High court approved cross-border merger between entities

Unilever's cross-border merger between its Dutch and British corporate entities has been approved by the UK High Court, the company said

Street finds discomfort in ICICI Lombard-Bharti Axa merger deal

Bharti Axa's weak underwriting and high combined ratio are earnings dilutive, while valuations are on the higher side

China's Ant Group plans consumer finance firm to push for growth: Report

Ant will hold about a 50 per cent stake, while Nanyang Commercial and TransInfo will own 15 per cent and 10 per cent, respectively, of the new firm

Tata Steel resumes talks with Germany's Thyssenkrupp for possible merger

Baosteel, SSAB also in race for German steel firm

Eros International announces all-share merger with STX Entertainment

Over $75 million in commitments have been already received, while the rest will be tied-up before the execution of the merger

Reliance rejig of media business makes Sony merger less likely, say experts

Reliance Industries' move to consolidate its media and distribution businesses under one entity Network18 Media & Investments will create a cleaner structure and make the merger of entertainment channels with Sony less likely, experts said. Earlier this week, the company said it will merge its TV18 Broadcast business with Network18, and maintain the cable and broadband businesses of Hathway Cable & Datacom and Den Networks, which it bought in 2018, as separate wholly-owned subsidiaries of Network18. Network18's portfolio includes Nickelodeon, MTV, and CNBC TV18, among others. "From RIL's perspective, this creates a cleaner structure and is easier to manage (as it reduces listed entities)," BofA Securities said in a report Friday. In a separate report, CLSA said the rejig will make a deal with Sony for merger of entertainment channels less likely as the news broadcasting sector has a restriction of 26 per cent foreign ownership. Between content and distribution, BofA considered

Proposed PFC, REC merger hits roadblock over violation of RBI norms

After the merger, the new entity will be required to reduce its exposure in a project to 25 per cent which may not be feasible