Salford CEO Eugene Jaffe announced that as of this moment, everything the investment fund owns in Serbia is for sale. Jaffe specified that the reason behind the decision was that the fund’s investment cycle was complete, and that they were to sell Imlek and SubotiÄka dairies, the Bambi Banat chocolate and cookie factory, and the Knjaz MiloÅ¡ mineral water and beverages plant.
Posts Tagged ‘acquisitions’
IBM Bolsters Business Analytics Play with New Acquisitions
October 21st, 2010 |
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IBM has beefed up its portfolio of business analytics software and solutions with the acquisition of Clarity Systems and the closing of its acquisition of OpenPages. – IBM has announced it acquisition of Clarity Systems, a financial governance software provider, and Big Blue also announced the close of its OpenPages, a maker of software that helps companies more easily identify and manage risk and compliance activities across the enterprise through a single manage…
Viking Offshore eyes acquisitions to power ahead
September 27th, 2010 |
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Singapore offshore and marine services firm Viking Offshore <VIKO.SI> expects revenue in 2010 to exceed $100 million, while it eyes acquistions of at least two more firms to boost growth, senior officials said.
The firm was previously known as Novena Holdings, a furniture maker, and only began its shift to the offshore and marine sector earlier this year when it bought Viking Airtech, which designs and installs the heating, ventilation, air-conditioning and refrigeration systems used in rigs and vessels.
Soilbuild receives exit offer from Dolphin Acquisitions
September 21st, 2010 |
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Soilbuild Group Holdings says Dolphin Acquisitions has made an exit offer for all the shares of Soilbuild.
Under the exit offer, Dolphin Acquisitions plans to offer shareholders 80 cents in cash for each.
Dolphin Acquisitions will also make an offer of 42 cents each for each free detachable warrants which was issued by Soilbuild as part of its rights issue of new shares in 2008.
Dolphin Acquisitions intends to delist Soilbuild after the takeover.
Trading liquidity of Shares has also been low.
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Acquisitions, Social Networking and Other Security News from the Week
September 5th, 2010 |
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A recap of a week of IT security news that included talk of acquisitions by CA Technologies and 3M as well as security moves by Facebook and Twitter. – Acquisitions, social network security and Google privacy were among the top
items on the menu in IT security news this past week.
CA Technologies started
the week off by announcing plans to purchase Arcot systems for its fraud
prevention technology. Arcot develops software-based digital signatu…
Google Acquisitions Target Social Apps, Search for Google Me
September 1st, 2010 |
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In its 11-plus years of operating, Google has rarely been shy about snapping up companies where it sees a need. Google has acquired DoubleClick for display advertising and the wealth of ad data the company holds, Postini for cloud-based e-mail security and, of course, the prized YouTube video-sharing Website. Then the economy tanked and Google’s shopping spree dried up; the company acquired no companies from October 2008 until August 2009, when it bid for On2 Technologies. Since that time, the company has pursued and snapped up more than 20 companies and counting in search, social networking, gaming, advertising, cloud collaboration and a few miscellaneous acquisitions. The key theme here is Google’s increase in social-oriented purchases. Expect buys such as Slide, Jambool, Angstro and SocialDeck to bolster Google’s Social Me network to fight Facebook. Scores.org has whipped up a helpful infographic to put the purchases in perspective. In the slide show, eWEEK runs through the deals here. – …
Osim CEO Sim targets brand acquisitions to bolster China sales
September 1st, 2010 |
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Osim International, Asia’s biggest maker of massage chairs outside of Japan, plans to acquire Asian health and lifestyle brands and bring them into China to increase its presence in the country.
The growing affluence of young female Chinese customers is a potential market for Osim’s so-called specialty retail products, founder and Chief Executive Officer Ron Sim said in an interview yesterday.
Department of Justice Wants More Info on Google-ITA Deal
August 31st, 2010 |
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A while back we blogged about Google’s proposed purchase of flight information provider ITA Software. Looks like things are getting a little hotter in Googleville! The Department of Justice is apparently very interested in this acquisition and has decided to expand an ongoing investigation. The deal is going to cost around $700 million and is [...]
IBM Closes Sterling Commerce, Storwize Acquisitions
August 31st, 2010 |
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IBM has announced the closing of two acquisitions: Sterling Commerce and Storwize. The Sterling Commerce deal was for $1.4 billion; details of the Storwize deal were not disclosed. – IBM has announced the closing of two acquisitions:
Sterling Commerce and Storwize.
On Aug. 27, IBM announced the closing of its $1.4
billion acquisition of Sterling Commerce from AT amp;T. The addition of
Sterling Commerce expands IBM’s ability to help clients accelerate their
interactions with…
Quantitative Easing Won’t Help the Economy, But Will Just Create Another Wave of Mergers and Acquisitions
August 30th, 2010 |
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As I noted when the government started bailing out the big banks: [The] Treasury Department encouraged banks to use the bailout money to buy their competitors, and pushed through an amendment to the tax laws which rewards mergers in the banking ind…
Mergers and acquisitions: Waiting for a wave
August 26th, 2010 |
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A flurry of deals makes bankers salivate
FIRMS with interim bosses usually opt for the quiet life, but the lack of a permanent boss did not stop Hewlett-Packard (HP) from launching a bidding war on August 23rd. The computer giant offered to buy 3Par, a data-storage firm, for $1.5 billion, topping the $1.15 billion offered a week earlier by Dell, a longtime rival of HP. On August 19th Intel, a chipmaker, splashed out $7.68 billion to buy McAfee, an antivirus-software firm. Nor is the fun confined to high-tech. On August 17th PotashCorp, a firm that mines potash, from which fertiliser is made, received and promptly rejected a $38.6 billion offer from BHP Billiton, a mining giant. BHP is now pursuing a hostile bid.
…
CDL Hospitality eyes up to $550m in acquisitions
August 16th, 2010 |
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Singapore hotel owner CDL Hospitality Trusts is on the lookout for acquisitions in Vietnam, India and Japan with a potential war chest of about $550 million, its chief executive said on Monday.
The trust, which owns five hotels in Singapore, also said there was potential for room rates in the city-state to rise further and that income from its own hotels could rise as existing corporate agreements are renewed at higher rates.
CDL Hospitality off 7.4%; Acquisitions hard, says Morgan Stanley
June 23rd, 2010 |
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CDL Hospitality Trusts (J85.SG) gaps down at opening, last off 7.4% at six-session low of $1.75, as dilution prospect weighs following hotel REIT’s placement, says Dow Jones.
Total of 116.9 million new units placed out, including upsize option, at $1.71 each (low end of $1.71–$1.77 indicative pricing range). With placement oversubscribed, CDLH has raised net proceeds of $196.4 million, to be used for paring debt. New units will start trading July 1.
Olam still has US$1b to spend on acquisitions
June 8th, 2010 |
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Olam International (032.SG) Executive Director Shekhar Anantharaman said Tuesday the group still has about US$1 billion ($1.4 billion) to spend on acquisitions from funds it has raised over the past year.
Anantharaman said the group raised about US$1.8 billion through bonds, bank syndication transactions and an equity placement over the past 12 months.
The group has spent about US$800 million on acquisitions and working capital expenses in that time, leaving about US$1 billion for further purchases.
VAR, MSP Mergers and Acquisitions Space Gains Momentum
May 31st, 2010 |
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San Diego-based solution provider The I.T. Pros is now a part of All Covered, the result of an acquisition. It was All Covered’s fourth acquisition of this calendar year, and the Redwood City-based MSP plans several more this year. It’s part of an MSP and VAR M&A market that is heating up as tight capital markets and a crippling recession have given many companies the urge to merge. – Doug Ford was never looking for any kind of exit strategy when he started up The I.T. Pros, a San Diego-based IT solution provider and MSP that has grown to a lean 21 employees and three profit centers in cloud computing, managed services and professional services.
Rather, Ford was looking to exp…
Olam +0.8%; acquisitions to boost earnings, says OCBC
May 14th, 2010 |
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Olam (O32.SG) is up 0.8% at $2.54 on stronger core 1Q10 earnings, although thin volume indicates low interest given tepid broad market sentiment. Initial resistance at 50-day moving average, last at $2.60, with support at current month low of $2.40, according to Dow Jones.
Temasek says Asian miners may make acquisitions in Africa
March 23rd, 2010 |
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Temasek Holdings said Asian mining companies may make acquisitions in emerging regions such as Africa and Mongolia, said Managing Director Nagi Hamiyeh at a conference in Singapore today, reported Bloomberg.
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SingTel to focus on acquisitions to drive growth
February 9th, 2010 |
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Singapore Telecommunications (STEL.SI) is eyeing acquisitions in Asia and the fast-growing markets of Africa and the Middle East to boost growth after it reported quarterly earnings in line with estimates.
Southeast Asia’s biggest telecoms firm has seen slow growth in Singapore and Australia in recent years, but a strengthening Australian dollar and booming markets in India and Indonesia helped it report a record underlying net profit for October-December.
SingTel says looking at Africa, Mideast for acquisitions
February 9th, 2010 |
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Singapore Telecommunications (STEL.SI), Southeast Asia’s biggest telecom firm, said today it was focusing on Asia for acquisitions but would also look at Africa and the Middle East.
“Our focus remains in Asia. That’s unchanged. We are also looking at some adjacent markets including Africa and the Middle East,” said CEO Chua Sock Koong at a post-results briefing, when asked about acquisitions.
The firm earlier today reported an 18% rise in quarterly underlying net profit driven by strong growth in regional mobile operations, roughly in line with forecasts.
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Teledata says ready for acquisitions with a $35m credit line from GEM Global
January 20th, 2010 |
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Teledata (Singapore), the IT systems integrators and communications services company, says it is looking to acquire investments to expand its business in the region now that the group has signed a agreement for an equity line of credit of $35 million with GEM Global Yield Fund and GEM Investment Advisors, Inc.
Both are members of the Global Emerging Markets Group, a US$3.4 billion ($4.7 billion) alternative investment group that manages a diverse set of investment vehicles internationally.