Naubahar Bottling interested in acquiring 98.23% stake in Baba Farid Sugar mills
The company was founded in 1978 and is based in Lahore and is a subsidiary of Pattoki Sugar Mills Limited
Phillips to acquire Spectranetics for $2.2b
The Hague: Dutch electronics and health care technology company Philips says it has an agreement to buy The Spectranetics Corporation in a...
SEP resubmits offer to acquire 66.4% stake in K-Electric
On December 21st, as per regulations, Shanghai Electric withdrew its offer due to lapse in the prescribed time period for making a public announcement of the offer
Three months later, PTCL’s acquisition of Telenor continues through sluggish approval process
The CCP’s Phase 1 review likely to end by March end; Phase 2 review very much on the cards
A bank sold for just Rs1,000. Does it make any sense?
Profit demystifies the controversy over the sale of KASB Bank
Qualcomm again rebuffs Broadcom’s revised bid of $121 billion
SAN DIEGO: U.S. semiconductor company Qualcomm Inc on Thursday rejected Broadcom Ltd’s revised $121 billion buyout offer but proposed meeting its peer...
Packages Limited completes 35pc acquisition of Stora Enso’s stake in BPL
Karachi: In a notification sent to the bourse on Tuesday, Packages Limited announced that it had completed its 35pc acquisition of Stora...
Bank Alfalah intends to acquire majority stake in Samba Bank
Eyes 84.51% of Samba Bank in nonbinding offer to its parent Saudi National Bank
Defence & Interior Ministry issue NOC for K-Electric’s sale to Chinese entity
ISLAMABAD: Defence Ministry has given security clearance to Shanghai Electric Power (SEP) for the acquisition of K-Electric.
SEP received no-objection certificates from the...
Jahangir Siddiqui will soon own two banks. Not everyone is happy
From legal technicalities to outright accusations of white-collar crime involving big business, as well as the regulators, JS Bank’s bid to buy BankIslami has many detractors. But will any of this be enough to stop the transaction from taking place?
Bayer AG gets US regulator’s go-ahead to acquire Monsanto: WSJ
WASHINGTON: The U.S. Justice Department will allow German drugs and pesticides group Bayer AG to acquire Monsanto Co in a $62.5 billion...
Alibaba in talks with Rocket Internet to acquire Daraz: Report
LAHORE: Alibaba, amongst the world’s leading e-commerce players is contemplating to purchase Rocket Internet’s online retail unit Daraz in Pakistan.
According to a...
Foreign banks eye financial advisory role in divestment of two LNG fired-power plants: Report
This divestment would rank as the country’s largest privatization deal since 2005 when Etisalat acquired a controlling stake in Pakistan Telecommunications Limited (PTCL) for $2.6 billion
Toshiba reaches $18b deal for its chip unit, but confusion persists
TOKYO: Japan’s Toshiba Corp said on Thursday it had signed a US$18billion deal to sell its chip unit to a consortium led...
Disney acquires Fox TV, film unit for $52.4 billion
CALIFORNIA: Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc...