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Meralco PowerGen absorbs, buys out 100 pct of Global Business Power

ABS-CBN News
Posted at Dec 23 04:48 PM

Meralco PowerGen Corp (MGen), the power generation firm of Meralco, acquired 100 percent ownership of Global Business Power Corp (GBP) in a move to organize the group's power assets. Read more »

Deutsche Boerse to buy 80 pct of ISS for $1.8 billion

Reuters
Posted at Nov 18 10:17 AM

The German stock exchange operator Deutsche Boerse said on Tuesday it would acquire an 80 percent stake in Institutional Shareholder Services (ISS) for about $1.8 billion, the latest in a flurry of deals to sweep across the exchange industry. Read more »

DITO CME Holdings moves to acquire 3rd telco player via share swap deal

Nika Lazo, ABS-CBN News
Posted at Nov 10 07:49 PM

MANILA - DITO CME Holdings has moved to acquire Udenna Communications and Media Entertainment Holdings Corp (Udenna CME) through a share swap deal valued at up to P77 billion in a bid to take partial hold of the country's third telco player, the firm said on Tuesday. Read more »

Pot producer Aphria to buy beer maker Sweetwater for $300-M in U.S. push

ABS-CBN News
Posted at Nov 05 11:48 AM

Aphria Inc said on Wednesday it plans to buy craft brewer SweetWater Brewing Co for $300 million as it looks to expand into the United States while becoming the first major pot producer to enter the alcoholic beverages market.   Read more »

Tiffany-LVMH deal clears regulatory hurdles with EU nod

Reuters
Posted at Oct 27 09:58 AM

Tiffany & Co has received all regulatory approvals needed for the completion of its $16 billion acquisition by French luxury goods group LVMH, the U.S. jeweler said on Monday after it received a nod from the European Commission.   Read more »

Coca-Cola European Partners makes $6.6 billion takeover offer for Coca-Cola Amatil

Reuters
Posted at Oct 26 08:36 AM

Coca-Cola Amatil Ltd said on Monday that Coca-Cola European Partners offered to buy the Australian bottler for A$9.23 billion ($6.58 billion), in what would be the country's biggest deal this year. Read more »

Antitrust watchdog OKs Rockwell, TGN and NepWell joint venture

ABS-CBN News
Posted at Oct 20 05:22 PM

The Philippine Competition Commission said Tuesday it has approved the joint venture by Rockwell Land Corp, TGN Realty Corp, NepWell Property Management Inc and siblings Hilda Aurora, Patrick Adrian and Theresa Gracia Valdes.   Read more »

Security Bank completes sale of consumer finance unit to Thailand's Krungsri

ABS-CBN News
Posted at Oct 20 01:53 PM

Security Bank Corp. on Tuesday said it completed its alliance with Thailand's Krungsri following the sale of unit SB Finance Co. to Bank of Ayudhya (also known as Krungsri).    Read more »

South Korea's SK Hynix to buy Intel's NAND business for $9 billion

Reuters
Updated as of Oct 20 12:06 PM

Intel Corp has agreed to sell its NAND memory chip business to SK Hynix Inc for $9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings. Read more »

Google sweetens Fitbit concessions, EU okay in sight

Foo Yun Chee, Reuters
Posted at Oct 19 09:20 AM

Alphabet's Google has tweaked concessions aimed at allaying EU antitrust concerns about its $2.1 billion purchase of Fitbit, people familiar with the matter said, putting it on course to secure EU approval for the deal. Read more »

Alibaba to buy controlling stake in hypermarket chain Sun Art in $3.6 billion deal

Reuters
Posted at Oct 19 09:11 AM

Alibaba Group Holdings said on Monday it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group Ltd, gaining further ground in China's booming retail market. Read more »

Robinsons Retail acquires drugstore chain in Visayas

ABS-CBN News
Posted at Oct 16 12:56 PM

Robinsons Retail Holdings Inc said Friday its unit acquired a family-run drugstore chain in Cebu City which would increase its footprint in Visayas and Mindanao.   Read more »

Uber to invest in SK Telecom's mobility business

Joyce Lee and Hyunjoo Jin, Reuters
Posted at Oct 16 09:25 AM

Uber Technologies said on Friday that it will invest over $150 million into a joint venture and partnership with South Korea's SK Telecom Co Ltd, which is proposing to split off its mobility business.  Read more »

Bristol Myers expands heart drug business with $13 billion deal for MyoKardia

Manojna Maddipatla, Reuters
Posted at Oct 06 08:46 AM

Bristol Myers Squibb Co. said on Monday it would buy MyoKardia Inc. for about $13 billion to bolster its portfolio of heart disease treatments, ahead of the potential loss of sales exclusivity of some of its blockbuster drugs. Read more »

Antitrust watchdog issues guidelines on merger reviews under Bayanihan 2

ABS-CBN News
Updated as of Oct 05 12:34 PM

The Philippine Competition Commission (PCC) on Monday said it has issued guidelines on mergers and acquisitions in compliance with the provisions under the Bayanihan to Recover as One. Read more »

NEC to buy Swiss financial software firm Avaloq for $2.2 billion

Makiko Yamazaki and Sam Nussey, Reuters
Posted at Oct 05 10:50 AM

Japan's NEC Corp. said on Monday it had agreed to buy Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2 billion), a move that will spearhead its entry globally into finance software. Read more »

Roxas Holdings completes sale of sugar milling plant, other assets to URC

ABS-CBN News
Posted at Oct 01 12:30 PM

Roxas Holdings Inc said Thursday it has completed its deal to sell assets to Universal Robina Corp. Read more »

San Miguel says 'interested' to acquire Shell's stake in Malampaya

ABS-CBN News
Posted at Sep 25 12:46 PM

San Miguel Corp said Friday it was "interested" to acquire Shell Philippines Exploration BV's stake in the Malampaya gas-to-power project.  Read more »

Antitrust body approves Thai bank's share purchase of Security Bank's consumer loan arm

ABS-CBN News
Posted at Sep 24 04:19 PM

The country's antitrust watchdog has cleared the share purchase by Thailand’s Bank of Ayudhya of 50 percent of SB Finance Company, the consumer loan subsidiary of Security Bank. Read more »

Mitsubishi UFJ Lease to buy Hitachi Capital in deal worth $2.8 billion

Reuters
Posted at Sep 24 03:49 PM

Japan's Mitsubishi UFJ Lease said on Thursday it would buy smaller rival Hitachi Capital Corp. in a deal calculated at 294 billion yen ($2.8 billion).   Read more »