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Steinhoff Growth Bolstered by UK Bed Sales
Sep 6, 2016South African retailer Steinhoff International, owner of retail brands Harveys and Bensons for Beds in the UK, plus trade brands including Slumberland, Myer's, Dunlopillo and Relyon, reports unaudited revenue growth of 33% to €13.1b ...
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Sainsbury's Confirms HRG Offer
Mar 23, 2016Sainsbury's has confirmed that it will proceed with its offer for Home Retail Group (HRG), owner of Argos, and is "pleased" by last Friday's turn of events, which saw rival bidder Steinhoff international abandon pursuit in favour of ...
Tags: Sainsbury's, HRG, Argos
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He Bookworm Lit Fest: Epic, as Usual
Oct 30, 2015Authors who participate in The Bookworm Literature Festival (BLF) consistently say that they are amazed how a small independent bookstore can put on such an epically proportioned event. Visitors (expats and countrymen alike) from across ...
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Sotheby's Tempts Collectors of Ancient Chinese Art Again
Oct 29, 2015Buyers of ancient Chinese art will reappear in Sotheby's salesroom in Hong Kong next month. The last time Sotheby's auctioned classical ink art in the city was some 15 years ago. More than 50 lots of ink paintings and works of ...
Tags: ink art, auction, Ancient Chinese Art
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Kellogg Became The Only Suitor for The Biscuit Company
Jan 13, 2015Egyptian cake and biscuit maker Bisco Misr's shareholders controlling 86% of shares have agreed to divest their shares to US-based food manufacturing company Kellogg, in a $125m deal. The Reuters reported that bidding for the biscuit ...
Tags: biscuits, wafers, corn flakes, Agriculture
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DIC Signed a $1.7bn Agreement for Sale of Germany-Based Packaging Group
May 13, 2014Dubai International Capital (DIC) has signed a $1.7bn (£1bn) agreement for the sale of Germany-based packaging group Mauser to private equity firm Clayton Dubilier & Rice (CD&R) Mauser, global producer of rigid industrial packaging ...
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Google Exited The Smartphone Manufacturing Business and Shored up Android's Legal Defenses
Feb 10, 2014Google has exited the smartphone manufacturing business and shored up Android's legal defenses in the smartphone patent wars in a single week. The technology giant sold off Motorola Mobility to Lenovo in a US $12.5-billion deal on Wednesday ...
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WCB Has Attracted a New Potential Bidder
Jan 6, 2014Interest in Victorian dairy company Warrnambool Cheese and Butter (WCB) has attracted a new potential bidder, according to media reports. There is speculation that Chinese state-owned China Investment Corporation is interested in WCB and ...
Tags: Agriculture, Food
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TransForce Is Buying The Canadian Assets of Vitran Corp
Jan 3, 2014After winning a bidding war with Manitoulin Transport, TransForce is buying the Canadian assets of Vitran Corp, TransForce announced Monday. Alain Bédard, chairman, president and CEO of TransForce said: "We are delighted to have ...
Tags: transportation
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Manitoulin Transport Stood to Acquire The Canadian Operations of Vitran Corp.
Dec 27, 2013Manitoulin Transport stood to acquire the Canadian operations of Vitran Corp. until earlier this week. What changed? TransForce offered to pay $6.50 per share, beating out Manitoulin's offer of US $6.00, effectively starting a bidding ...
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Oracle Is Set to Acquire Business-to-Consumer Marketing Software Vendor Responsys
Dec 23, 2013Oracle is set to acquire business-to-consumer marketing software vendor Responsys for US$1.5 billion in a bid to flesh out its own capabilities as well as strike back at rivals such as Salesforce.com and Microsoft. Responsys’ ...
Tags: Oracle, Marketing Software
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TransForce Will Now Have to Decide Whether to Sell Its Shares for a Tidy $4 Million Profit
Dec 11, 2013In the wake of Manitoulin's announced agreement to acquire Vitran at a cost of US$6 per share, TransForce will now have to decide whether to sell its shares for a tidy $4 million profit, stay put, or up its offer. Manitoulin's offer of $6 ...
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Rockstar Has Taken Aim at Google, HTC, Samsung and Huawi for Alleged Patent Infringement
Nov 4, 2013Rockstar, the group that bought Nortel's patents in 2011 following the company's bankruptcy, has taken aim at Google, HTC, Samsung and Huawi for alleged patent infringement. Google itself is accused of seven different counts of patent ...
Tags: Computer Products, software
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Microsoft's Acquisition of Nokia Was a Defensive Move to Keep The Finnish Phone Maker
Sep 9, 2013Microsoft’s acquisition of Nokia was a defensive move to keep the Finnish phone maker from going under or falling into the hands of an Android-first rival, several analysts argued this week. “Had Nokia abandoned Windows Phone, ...
Tags: Nokia Deal, Microsoft
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Carl Icahn Has Sued The Company and Its Board as The Bidding War Continues
Aug 6, 2013Carl Icahn, who is attempting to buy out technology company Dell in opposition to company founder Michael Dell, has sued the company and its board as the bidding war continues. Icahn asked the court to block changes in the rules of board ...
Tags: Buyout Race, Dell