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Deal Watch

The global airline catering and logistics provider bought a stake in India's leading caterer from India Hospitality Corp for $39 million - a cash and assumption of debt deal.

 
 
Petroleum Secretary S. Sundareshan put the ball in Cairn Energy CEO's Bill Gammel's court saying the UK-firm had sought the govt's nod for the $8.8-billion deal.
Delhi-based Bhushan Steel has launched a takeover bid for exploration minnow Bowen Energy, worth AUS $8.16 million, a media report has said.
South Asia Creative Assets Ltd, a subsidiary of Astro All Asia Networks Plc, will acquire a 49 per cent stake in NDTV Lifestyle for Rs 182 crore.
The Financial services firm said it will acquire a stake in the Sri Lankan brokerage firm engaged in stock broking, online trading, and investment advisory.
The UK-based company has written to the oil ministry seeking approval for a stake sale in its Indian arm, a deal agreed upon with Vedanta Resources.
 
 
In a statement, Pfizer said it would buy out King for a share price of $14.25 apiece, representing a 40 per cent premium over the its closing price on October 11.
The consumer goods major will acquire Alberto Culver Company is an all cash deal, a move that would help Unilever strengthen its global position.
Reports suggest that the Lucknow-based corporate major Sahara India Pariwar has made a bid of about $2 billion to buy the debt of the Hollywood studio.
The flagship company of the United Brweries group will buy 73.22 lakh shares in alcohol manufacturer Pioneer Distilleries at a price of Rs 101 a piece.
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