acquistion

Impact of Standard Chartered acquisition of American Express Bank in India

18 sep 2007

Standard Chartered is acquiring US-based American Express Bank for $860 million in a cash deal. But the sale does not include the primary business of Amex which is credit cards and travel-related businesses.

Colgate-Palmolive to acquire Unilever, highly unlikely scenario

12 jul 2007

The international markets are abuzz over the reported rumours that New York based Colgate Palmolive may acquire the Anglo-Dutch FMCG giant Unilever. Other possible scenarios are merger of the two giants or Unilever taking over Colgate Palmolive. Unilever has a market capitalisation of $103 billion thrice the market cap of Colgate which is $34 billion.

Aluminium deal rumours heats up the markets

04 jun 2007

Shares of India’s largest aluminium producer, Hindalco Industries rose upto 10% during trading today. The scrip showed such movement after a long gap and it was not on account of any macro factors such as rise in Aluminum and Copper Prices on LME, or changes in duty structure but was brought about speculative newspaper report which states that Canada’s Alcan and Sterlite (subsidiary of London-based Vedanta Resources Plc) could launch a join bid for Hindalco to avoid hostile bid from Alcoa.