US confectionery firm Hershey has entered into an agreement to acquire 49%stake in Godrej Hershey that it does not own from India's Godrej Industries and another minority shareholder. This deal is in line with the company's plan to ...
Tags: agreement, stake, shareholder, beverage segment
Solar panel manufacturer Worldwide Energy Manufacturing USA Inc on Thursday agreed to resolve charges from securities regulators that it concealed an agreement to transfer part of its ownership stake in its Chinese subsidiary. The company ...
The "core values of Hong Kong" (freedom, democracy, human rights and rule of law) are the most debated topics in many election forums of the upcoming Legislative Council (LegCo) Election, which is scheduled on Sunday (September 9). The ...
Tags: Legco Election, Internet Freedom, Hong Kong, Government IT
The "core values of Hong Kong" (freedom, democracy, human rights and rule of law) are the most debated topics in many election forums of the upcoming Legislative Council (LegCo) Election, which is scheduled on Sunday (September 9). The ...
Tags: Legco Election, Internet Freedom, Hong Kong, Government IT
Dutch insurer ING has decided to offload all of its 54 million shares in Capital One Financial, a US based financial holding company, after disposing its US online banking unit earlier this year. The deal will be carried out at current ...
Tags: ING, Capital One, financial holding company
According to Japan's Nikkei newspaper,the New York private equity company KKR will have a controlling stake in Renesas before the end of the year. KKR is reportedly offering$1.3bn for a controlling stake in the company whose market cap is ...
Tags: KKR, Renesas, mass sackings, investment
Troubled Japanese LCD and TV panel maker Sharp said Tuesday it will cut 2,000 jobs domestically,or about 6%of its local workforce,as part of ongoing restructuring efforts. The company said the reduction in staff would come through a ...
Tags: Japan, LCD and TV panel maker, Sharp
Larsen & Toubro has signed a share sale and purchase agreement with Toshiba Machine Company Ltd, Japan, to sell its entire stake in L&T Plastics Machinery Ltd (L&TPM). The move is pending final closing conditions. L&T did not disclose the ...
Tags: market view, plastics machinery
Korean semiconductor and electronics giant buys 3%stake in the Dutch lithography company,joining Intel and TSMC Samsung has followed its fellow chipmakers Intel and Taiwan Semiconductor Manufacturing ...
Tags: ASML, Samsung, Investment Program, ASML's EUV
Following Intel and contract chip maker Taiwan Semiconductor Manufacturing Co. (TSMC), Samsung Electronics will invest US$976 million in Dutch chip manufacturing equipment maker ASML to further development of next-generation lithography ...
Tags: Chip Equipment, Samsung, ASML, lithography technology
German auto-parts maker and engineering firm Robert Bosch is planning to form a joint venture (JV) with Chinese firm Ningbo Polaris Technology to build motors for electric scooters (eScooters). As per the agreement, Bosch will hold ...
Tags: eScooters, electric scooters, Robert Bosch, Ningbo
Sany Heavy Industry, a leading Chinese manufacturer of construction machinery, announced that it has fully acquired Intermix GmbH, a German truck mixer maker. Sany spent 8.1 million euros ($9.78 million) to buy all of Intermix from its ...
Sharp has debts of$12.76bn and cash of$2.75bn,according to Bloomberg,and is seeking to shrink its workforce by another 3,000 employees on top of the 5,000 lay-offs announced earlier this month. The company is currently forecasting a$3.2bn ...
Tags: Sharp, loss for the year, Foxconn, debt
Kraft Foods has agreed to sell a majority stake in its Back to Nature brand of natural-food products to US private equity firm Brynwood Partners for an undisclosed amount. Following the deal,Kraft will hold a minority stake between 25%and ...
Tags: stake, natural-food products, joint venture, annual sales
Norwegian industrial conglomerate Orkla has entered into an agreement to acquire family-controlled food company Rieber&Soen,by committing to buy 90.11%shares held by the Rieber family,in a deal which values the company at ...
Tags: acquisition, shares, debt-free basis