Mergers & Acquisitions
ACS says no decision yet on Union Fenosa sale
MADRID, July 24 (Reuters) - ACS is in talks with various companies about the sale of its 45 percent stake in Union Fenosa and has come to no decision yet, it said on Thursday. Full Article
Intel Capital pumps $17 mln into 3 Indian firms
SINGAPORE, July 24 (Reuters) - Intel Capital, the venture capital arm of top chipmaker Intel Corp , said on Thursday it would pump $17 million into three Indian companies, comprising two Internet portals and one advertising firm. Full Article
Top Global M&A Deals
Announced last week (12 Jul to 18 Jul 2008)
| Target | Acquirer | Value $M |
|---|---|---|
| Continental AG (DEU) | Schaeffler KG (DEU) | 18,036.4 |
| Alpha Natural Resources Inc (USA) | Cleveland-Cliffs Inc (USA) | 9,031.6 |
| Barr Pharmaceuticals Inc (USA) | Teva Pharmaceutical Industries Ltd (ISR) | 8,615.1 |
| Republic Services Inc (USA) | Waste Management Inc (USA) | 6,185.2 |
| Duvernay Oil Corp (CAN) | Shell Canada Ltd (CAN) | 5,138.6 |
| Bloomberg LP (USA) | Bloomberg Inc (USA) | 4,425.0 |
| Xella International GmbH (DEU) | Consortium of PAI partners & Goldman Sachs Capital Partners (DEU) | 3,108.8 |
| Imperial Energy Corp Plc (GBR) | Undisclosed Acquirer (GBR) | 2,627.1 |
| Alliance & Leicester PLC (GBR) | Banco Santander SA (ESP) | 2,511.9 |
| New Saraji Project (AUS) | BHP Billiton Mitsubishi Alliance (AUS) | 2,400.0 |
Top Industries: Global M&A
Announced in the last 13 weeks (19 Apr to 18 Jul 2008)
| Industry | Deals | Value $M |
|---|---|---|
| Financials | 2,199 | 171,300.8 |
| Non-Cyclical Consumer Goods / Services | 1,171 | 102,399.7 |
| Energy | 537 | 94,876.6 |
| Telecommunications Services | 200 | 93,661.7 |
| Basic Materials | 1,107 | 81,359.4 |
| Industrials | 2,302 | 71,063.2 |
| Cyclical Consumer Goods / Services | 1,769 | 57,899.4 |
| Healthcare | 567 | 41,181.0 |
| Technology | 1,085 | 34,453.0 |
| Utilities | 374 | 31,957.4 |
Shrinking market sends Japan Inc buying abroad
TOKYO (Reuters) - Japanese companies are turning increasingly to overseas acquisitions to drive growth, buy technology and build market share, spurred by a stagnant domestic economy, shrinking population and largely unburdened by subprime credit damage. Full Article
