• Most Popular
  • Most Shared

Global Deals Review: Q4 2009

Two men shakes hands in this file photo. REUTERS/Files

Hot sectors in a tepid recovery

The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010.   Full Article | Full Coverage 

» More Global Deals Review: Q4 2009 News

Ranbaxy CEO says sold stake to ensure Daiichi deal

NEW DELHI
Wed Jun 11, 2008 4:57am EDT

Stocks

   

NEW DELHI (Reuters) - The chief executive of India's Ranbaxy Laboratories (RANB.BO) said on Wednesday Japan's Daiichi Sankyo (4568.T) wanted a controlling stake in the Indian firm and a deal would not have happened without the founders selling their entire holding.

Daiichi earlier said it would buy Ranbaxy founders' 34.8 percent stake in the firm and also make an open offer for another 20 percent in a friendly deal worth up to $4.6 billion.

For more on the Daiichi-Ranbaxy deal see

(Reporting by Devidutta Tripathy)


More from Reuters

Photo

U.S. health bill nears crucial Senate test vote

WASHINGTON (Reuters) - With 60 votes in hand, Senate Democrats cruised on Sunday toward an expected victory on the first of three crucial test votes that will put a broad healthcare overhaul on the path to passage by Christmas. | Video

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review