Merging company

Upcoming IPO: Global Investors Prepare for Anchor Issue to Sell Parent Shares of All Shares in India

LIC IPO: Global Investors Line Up For Anchor Issue In India | Photo credit: iStock images Highlights The government has not announced the timing of LIC’s IPO, but DIPAM secy said earlier that the issue will open in the fourth quarter of fiscal year 21-22. Investment banks for LIC’s IPO have contacted global funds, investors. […]

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JSW’s steel arm, Piombino Steel, repays the entire loan amount

Piombino Steel (PSL), the wholly-owned subsidiary of JSW Steel, has repaid the entire loan used for the acquisition of Bhushan Power and Steel from the developer group company West Waves Maritime and Allied Services and acquired its stake from Magnificent Merchandise and Advisory Services. JSW Steel had acquired Bhushan Power and Steel via PSL in […]

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Norwegian company Telenor joins forces with Thai company CP in mobile telephony sector

Norwegian telecommunications operator Telenor said on Monday it had agreed to merge its Thai mobile unit with a local rival with the aim of creating a new major player in the market. Telenor and Thai conglomerate Charoen Pokphand (CP) have said they plan to combine their respective mobile units, Dtac and True, in a so-called […]

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Blank Check Company Yunhong International Announces Intention to Dissolve

Nov. 20 (Reuters) – Special Purpose Acquisition Company (SPAC) Yunhong International (ZGYH.O) announced in a regulatory filing Friday that it plans to liquidate the company. The blank check company, run by former investment banker Patrick Orlando, said it intends to dissolve and liquidate and repurchase all of its outstanding shares at $ 10.31 per share, […]

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Former WB boss criticizes new AT&T owners

Former Warner Bros. CEO Jeff Bewkes has expressed disappointment with the way AT&T has interfered with creatives and not left them alone. Former Time Warner CEO Jeff Bewkes does not keep his displeasure at AT&T management of Warner Bros. hidden. In 2016, AT&T began talks to acquire Time Warner which, after two years, became official […]

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US panel passes bills to strengthen PSPC oversight

Dive brief: TThe House Financial Services Committee passed two bills aimed at strengthening protections for investors in Special Purpose Acquisition Companies (SPACs), so-called blank check companies that have exploded as cheaper and faster alternative to raising capital than traditional initial public offerings. A bill would prohibit after-sales service who do not adhere to the stricter […]

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SEA users affected by Grab superapplication downtime

Grab, once a small Malaysian taxi-calling app, has since become an eye-catcher on a US $ 40 billion list (IMG / Shutterstock) Early Tuesday morning (November 16), thousands of Grab users in Southeast Asia were affected by an unprecedented disruption to the Grab superapplication. Messages and comments of confusion, anger and desperation from angry and […]

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FTC orders 2 generics sold under $ 210 million pharmaceutical deal

By Christopher Cole (Nov 10, 2021, 7:35 p.m. EST) – Two pharmaceutical companies must sell their stakes in a generic drug pair and seek Federal Trade Commission approval for any future entry into those drug markets to complete their $ 210 million merger, the FTC said on Wednesday. ANI Pharmaceuticals Inc. and Novitium Pharma LLC […]

Merging company

Media Billionaire John Malone on Discovery-WarnerMedia Merger, Prospects for Pay TV Package, US Economy: – Deadline

John Malone, the billionaire media mogul who is a longtime shareholder of Discovery, said his impending merger with WarnerMedia would lead to debt but offset that with cost savings. “The leverage effect is relatively high for this [merged] company, but the interest rates are quite low, ”he told Liberty Global CEO Mike Fries when asked […]