M&M acquires Italian motorcycle designing firm.
Tanla acquires Finland's Openbit.
Indian M&A Deals
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ranganathan
- BRFite
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I hope TATA and Mahindra are not stupid enough to go for this junk. Landrover should be enough for TATA and Mahindra doesn't need this money guzzler.Vipul wrote:Tata, M&M in race for GM's Hummer.
I dunno what's gotten into them. Japan infamously bought many US properties at overpriced rates during a real estate boom in the late 1980s and early 1990s, and they were badly fleeced.ranganathan wrote:I hope TATA and Mahindra are not stupid enough to go for this junk. Landrover should be enough for TATA and Mahindra doesn't need this money guzzler.Vipul wrote:Tata, M&M in race for GM's Hummer.
Now is it the turn of Indian companies to get themselves fleeced in the same way?
What could be a more doomed brand than Hummer right now? Look at how much gas it consumes.
Maybe they plan to sell it to rich sheikhs?
Re: Indian M&A Deals
Bhai log....please don't fall for TOI crap.....GM has sent RFP's to all the major automotive companies....which include M&M and Tatas. That does not in any way mean that Tatas or M&M are really interested in this brand....its just a TOI spin.....
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Raju
Re: Indian M&A Deals
.. the promoters of Ranbaxy have decided to sell out the company to Daiichi-Sankyo. The promoter has sold out his controlling stake @ 6.2% to the Japanese company.
CNBC
Another source
this will mean the biggest Indian pharma-drug player is no more. Very surprising
CNBC
Another source
this will mean the biggest Indian pharma-drug player is no more. Very surprising
Re: Indian M&A Deals
Should not be surprising,the Singh brothers have sold the stake as the Buyers have valued their company at $ 8.5 Billion
Re: Indian M&A Deals
Essar hikes offer for Esmark to $19 a share
Severstal was also roped in as the "white knight" by Arcelor CEO when Mittal tried to acquire it.
Severstal was also roped in as the "white knight" by Arcelor CEO when Mittal tried to acquire it.
Mumbai, June 11 Essar Steel has increased its offer to acquire West Virginia-based Esmark Steel by about 12 per cent to $19 a share to out-bid rival suitor Russia’s Severstal steel, which had earlier matched the Indian steel company’s offer. This will increase the acquisition cost from the earlier $1.1 billion to $1.2 billion.
Sources following the development say the battle for Esmark Steel will be intensifying in the coming weeks, as the two rival suitors appear to be gearing up for a bidding duel, reminiscent of the battle between Tata Steel and Brazil’s CSN for Anglo-Dutch steel maker Corus albeit at a lower level.
Ups the ante
Less than 24 hours after Esmark announced that it would consider the offer of Russian steel giant Severstal to match Essar’s earlier bid, the Indian company on Wednesday upped the ante by announcing its intentions of increasing its bid by $2 a share to $19. Esmark’s Chairman and CEO, Mr Jim Bouchard, in a conference call with analysts on Tuesday, had also said that the board will decided whether to accept Severstal’s bid on or before Friday.
In response to this development, Essar put its act together and informed Esmark’s board that “upon execution of the merger agreement, Essar will increase its offer to $19 a share.”
Re: Indian M&A Deals
darshan wrote:Brothers threaten clash over Reliance sale
This proves some of Acharya's theories about Rothschild/Rockefeller.A flare up of sibling rivalry between India’s billionaire Ambani brothers over the proposed takeover of mobile operator Reliance Communications by South Africa’s MTN is threatening to spill over into the courts.
Xpost from telecom thread:
Acharya wrote:Bharti was trying to make a deal with a Rothschild company. THey are the kings in acquisition and Bharati was right in backing off.Singha wrote:right decision by Bharti - they have 700 million unserved home market to
feed on. what does MTN have ? today they have equal-equal subscribers,
in 3 yrs they will likely be miles apart.
Indian negotiators are just learning the real world.
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sugriva
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- Location: Exposing the uber communist luddites masquerading as capitalists
Re: Indian M&A Deals
Raju-ji,Raju wrote:.. the promoters of Ranbaxy have decided to sell out the company to Daiichi-Sankyo. The promoter has sold out his controlling stake @ 6.2% to the Japanese company.
CNBC
Another source
this will mean the biggest Indian pharma-drug player is no more. Very surprising
Is Daiichi-Sankyo a Rothschild front company ?
Re: Indian M&A Deals
>>Is Daiichi-Sankyo a Rothschild front company ?
No doubt. And Rockfeller back company also onlee...
India screwed either way
No doubt. And Rockfeller back company also onlee...
India screwed either way
Re: Indian M&A Deals
I saw on TV the news conference and the Ranbaxy ceoRaju wrote:.. the promoters of Ranbaxy have decided to sell out the company to Daiichi-Sankyo. The promoter has sold out his controlling stake @ 6.2% to the Japanese company.
CNBC
Another source
this will mean the biggest Indian pharma-drug player is no more. Very surprising
This is actually a big play when the med market for the retd. baby boomer's will be $1T
Recent hearing in US congress on generic drug was questioning the safety of Indian generics. Some call guy in TV show was asking the same question to the AMA president.
To remove all problems Ranbaxy has decided to be on the right side of the lawmakers and powerbrokers so that they can take the lion share of the huge coming market. Some lawmakers themselves wanted it this way. I did not watch the hearings.
Ranbaxy was trying to buy small companies in US but it will not work for this big lobby sector. They need muscle to get the lobby advantage.
Re: Indian M&A Deals
JE Menon wrote:>>Is Daiichi-Sankyo a Rothschild front company ?
No doubt. And Rockfeller back company also onlee...
India screwed either way
Re: Indian M&A Deals
India Inc will continue overseas M&A ride: Kamath
Mr K.V. Kamath
K.R. Srivats
Preeti Mehra
New Delhi, May 5 India Inc would continue to expand its overseas footprint in the coming years on the strength of its “competitiveness” and increased opportunities for global buyouts, the new Confederation of Indian Industry (CII) President, Mr K.V. Kamath, has said.
“Pace of mergers and acquisitions (M&A) will increase. In the immediate term, it will be M&A in the global context. The reason is simple. It is not that domestic opportunity is shut. Domestic opportunities may not be as open as we would like it to be. But there are more opportunities abroad because global companies are under pressure,” Mr Kamath told Business Line soon after he assumed office.
Mr Kamath expects the recent trend of Indian companies going in for acquisitions abroad to continue. “This trend will continue. It is on one premise only — Indian industry is competitive. If Indian industry was not competitive and we were in a situation like 2002, there would have been no Indian companies to go out. You will not have the legs to go and nobody will receive you,” he said.
Building image
But today, he said, there was willingness to look at Indian companies because they are acknowledged as competitive and who can run their business properly. “Some of the large companies that have created the magic around the brand India name, I think, should take credit for this, whether it is Arcelor Mittal or a Tata. These have created the buzz as it were and opened the door for other Indian companies, which on their own are competitive,” Mr Kamath said.
On the impact the weak dollar and recession-like conditions in the US would have on Indian IT services industry, Mr Kamath said that he does not expect dire or serious impact on Indian services businesses.
“The recent numbers indicate that they (US) are not in recession. If you look at this quarter and the large stimulus package (cheques are in the mail, as they say), I would be a brave man betting that the economy will go down. That much of pump-priming is slated to happen, at least this quarter and the next quarter.
Helping cut costs
As far as the Indian IT service business goes, when your customer is in a bad time and has to cut cost, if you are one of those who can help in cutting cost, then your business should not suffer,” he said.
Mr Kamath also said he expects the cost disadvantage for Indian companies borrowing in the US market to narrow down as the crisis in the US financial system get evened out. “The US has a challenge in terms of the financial system. The other day I was talking to somebody in the US treasury. Their view was they were more than half way through resolving that issue (crisis in financial system). That is good news.
Costs already had gone up. You could easily assume that costs certainly had gone up by 2.5 percentage points. A little bit of good news from the US should start contracting spreads for Indian corporates, which is good for everybody,” he said.
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Raju
Re: Indian M&A Deals
the Rothschilds own Japan.sugriva wrote:Raju-ji,Raju wrote:.. the promoters of Ranbaxy have decided to sell out the company to Daiichi-Sankyo. The promoter has sold out his controlling stake @ 6.2% to the Japanese company.
CNBC
Another source
this will mean the biggest Indian pharma-drug player is no more. Very surprising
Is Daiichi-Sankyo a Rothschild front company ?
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Raju
Re: Indian M&A Deals
the big pharma and their lobby in COngress is trying to undercut the manufacturers of cheap generic drugs like Ranbaxy.Acharya wrote:I saw on TV the news conference and the Ranbaxy ceoRaju wrote:.. the promoters of Ranbaxy have decided to sell out the company to Daiichi-Sankyo. The promoter has sold out his controlling stake @ 6.2% to the Japanese company.
CNBC
Another source
this will mean the biggest Indian pharma-drug player is no more. Very surprising
This is actually a big play when the med market for the retd. baby boomer's will be $1T
Recent hearing in US congress on generic drug was questioning the safety of Indian generics. Some call guy in TV show was asking the same question to the AMA president.
To remove all problems Ranbaxy has decided to be on the right side of the lawmakers and powerbrokers so that they can take the lion share of the huge coming market. Some lawmakers themselves wanted it this way. I did not watch the hearings.
Ranbaxy was trying to buy small companies in US but it will not work for this big lobby sector. They need muscle to get the lobby advantage.
So they are using the safety route.
this when AjayKK has shown why cholestrol drugs are not only unsafe but blatant fraud.
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sanjaychoudhry
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Re: Indian M&A Deals
www.rediff.com/money/2008/jun/18anil.htmAnil Ambani, Spielberg close to deal: WSJ
Superstar Hollywood director Steven Spielberg and Anil Ambani are about to sign a deal that will see the ADA Group bankroll Spielberg's DreamWorks SKG with between $500 million to $600 million, The Wall Street Journal reported on Wednesday.
According to the newspaper, Ambani's cash will allow Spielberg -- the man who made Jaws and Jurassic Park among other blockbusters -- and his partners Jeffrey Kaztenberg -- the former Disney hotshot -- and music baron David Geffen to end their existing agreement with Paramount Pictures, which is owned by Viacom's Sumner Redstone.
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vishwakarmaa
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Re: Indian M&A Deals
Acharya,
whats your email id? I have something for you.
whats your email id? I have something for you.
Re: Indian M&A Deals
where do Pakis get money from to do this? I guess Saudis and Unkil.
Just a suggestion, Pukes are not the same as Indians.
Just a suggestion, Pukes are not the same as Indians.
Re: Indian M&A Deals
The said car company appears to be a backyard operation not making more than 100 cars per year. So anybody can buy it.darshan wrote:where do Pakis get money from to do this? I guess Saudis and Unkil.
Just a suggestion, Pukes are not the same as Indians.
In any case this is the Indian M&A thread.