Page 4 - Mergers And Acquisitions

Top headlines: Air India sale may get govt Rs 15,000 cr, Sebi ban on Biyani

Bharti Airtel posted a consolidated net profit of Rs 854 crore in the third quarter of December FY21, after six straight quarters of losses. Read the top news in Business Standard today

M&A costs to go up after Budget 2021 axes tax depreciation on goodwill

The amendments on goodwill are retrospective as depreciation on any past goodwill, partly claimed in the past, would not be available going forward

Peraton to acquire IT services provider Perspecta in $7.1 billion deal

Shareholders of Perspecta would get $29.35 for each share held, the company said, representing a premium of about 12% to stock's last close

Investment bankers net decade-high $292 million from ECM activity

M&A advisory fee down 5.1 per cent to a three-year low of $303 million

India Inc goes on M&A spree despite Covid, health a key focus area in 2021

BPCL, Air India, airport acquisitions to dominate headlines in New Year

Blackstone in talks to merge Alight with blank-check acquisition firm

The merger with Foley Trasimene Acquisition Corp would result in Alight becoming a publicly-listed company at a valuation of more than $8 billion, including debt

Fintech deals double to $1.17 bn during Jan-Jun despite slowdown: Report

The first quarter of 2020 saw fund inflows jumping fivefold and the same in the second quarter added 50 per cent more

Global liquidity has lent support to deal-making, says Raj Balakrishnan

There is a 'gush of liquidity' around the world, including India after the US Federal Reserve opened the tap, says Raj Balakrishnan.

Interesting nudge from Sebi with takeovers

The thinking is, enabling infusion of funds into the company would be better than purchasing shares in the market

PE firm Sycamore Partners in talks to buy troubled store chain JC Penney

JC Penney, which employs about 85,000 people, filed for bankruptcy protection in May after Covid-19 pandemic forced it to temporarily shut its more than 800 stores across the US

Adar Poonawalla-backed startup h2e Power acquires Swiss company Hexis AG

The Viessmann Group is one of the largest integrators of heating systems in Europe

Framework to waive open offers needed

This is necessary to ensure that the entire activity is within the bounds of fairness and objectivity

Mergers take time to evolve, says Wunderman Thompson's Tarun Rai

Merger of Wunderman and J Walter Thompson has allowed us to step into areas we weren't exploring much earlier Rai tells Viveat Susan Pinto

Mega mergers and mega pension liabilities

As the government tries to set up robust next generation banks, concrete steps are needed to tackle the long-term risk of retirement liabilities

Slowdown roils deal street: M&As plunge 34.4% to $67 billion in 2019

The deepening slowdown has had its impact on the deal market in 2019 with mergers and acquisitions (M&As) plummeting over 34 per cent to USD 67.1 billion but still making it the second best, on the back of the USD 6-billion ArcelorMittal takeover of Essar Steel, according to a report. As per the report by Mergermarket, M&As in 2019 was the second highest in value despite declining 34.4 per cent in 2018, which was the best-ever. But, the report is positive about 2020 as the government has eased foreign investment restrictions and plans to divest state-owned companies. The report attributes the optimism to the relaxation in the foreign direct investment policy in August, loosening the restriction on coal and lignite mining, contract manufacturing, single-brand retail, and digital media, which may bring more opportunities to foreign investors. "Overall M&As touched USD 67.1 billion across 422 deals, down 34.4 per cent in value and 3.4 per cent in volume compared to 2018 when .

Novelis gets European Commission nod for proposed Aleris purchase

Approval is subject to the sale of Aleris' unit in Duffel, Belgium

Modi govt exploring opportunities for more mergers in energy: Dipam secy

FM Sitharaman said strategic disinvestment of select central PSUs would remain priority for this government

M&As nearly doubled to $100 billion in 2018; highest in value after 2013

Outbound activity increased 3.7 times in value, with Indian investors spending $11.3 billion across 75 deals

Dealmakers brace for M&A slowdown in 2019 amid economic uncertainty

The fourth quarter of 2018 is on track to end with the volume of global M&A activity down 27 per cent year-on-year, and down 16 percent from the third quarter, at $724 billion

New opportunities for M&A deals

Better legal and regulatory environment will boost consolidation-led growth