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...
AGP says BankIslami-KASB bank merger resulted in Rs3.5 billion loss to national exchequer
LAHORE: Â A recently released report of the Auditor General of Pakistan (AGP) office has again alleged the BankIslami-KASB bank merger caused around...
Supreme court halts Sindh Bank-Summit bank merger citing irregularities
KARACHI:Â The Supreme Court of Pakistan on Saturday stopped the merger of Sindh Bank and Summit Bank till further orders and issued notices...
Govt gives security clearance to K-Electric deal
ISLAMABAD: A major hurdle in the way of K-Electric’s sale to Shanghai Electric Power has been removed as the government on Friday...
Global merger, acquisitions crossed $1.2 trillion in first quarter of 2018
LONDON/NEW YORK: Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in...
Akzo Nobel divests specialty chemicals business to Carlyle for $12.6 billion
AMSTERDAM: Akzo Nobel has agreed to sell its specialty chemicals business to U.S. private equity firm Carlyle Group and Singapore’s GIC ...
GSK to acquire Novartis’s consumer healthcare venture for $13 billion
ZURICH: GlaxoSmithKline said on Tuesday it will buy Novartis’s 36.5 percent stake in their consumer healthcare joint venture for $13 billion in...
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...
Rio Tinto mulling to attract bids over $2.5bn for last two coal mines
MELBOURNE/LONDON: At least three bidders are expected to submit final offers for global miner Rio Tinto’s Hail Creek and Kestrel coal mines...
Dawood Hercules selling its shareholding in Hubco to acquire 45 percent stake in Edotco Pakistan
KARACHI: Dawood Hercules Corporation Limited (DHCL) is selling its 14.91 percent stake in Hubco and is planning to use its proceeds to...
OMV Pakistan divests upstream business to United Energy for $192 million
KARACHI:Â OMV AG, the Vienna-Austria-based integrated oil and gas company, has agreed to sell its upstream, exploration and production, business in Pakistan to...
Comcast ups the ante, offers $31b to acquire Britain’s Sky TV
LONDON: Comcast Corp, the biggest cable operator in the United States, offered on Tuesday to pay $31 billion to buy Sky, challenging...
Did the Chinese acquire PSX at a discount?
LAHORE: Leading brokerages and investors in the country believe the acquisition of Pakistan Stock Exchange by a Chinese consortium in January 2017...
Workers decry govt’s plan of privatisation of PIA, Steel Mill
KARACHI: A representative gathering of the labour here on Saturday expressed serious concerns on the proposed plans to privatise Pakistan Steel Mill...
Government to sell PIA’s minority share of 49pc by April 15
ISLAMABAD: While the opposition parties are concerned about the mode of government in privatisation of Pakistan International Airline (PIA) just ahead of...