Mergers & Acquisitions (M&A)

SINGAPORE (Feb 8): CIMB is maintaining its “add” call on Venture Corporation with a target price of $29.13.

SINGAPORE (Feb 6): RHB is maintaining its “buy” call on Singapore Medical Group (SMG) with a target price of 79 cents.

(Feb 5): Broadcom plans to unveil a new approximately US$120 billion ($158.3 billion) offer for Qualcomm on Monday, aiming to ratchet up pressure on its US semiconductor peer to engage in negotiations, people familiar with the matter said on Sunday.

(Jan 31): The crisis surrounding HNA Group deepened after it emerged that the Chinese company’s ability to repay its debt will face a potential shortfall of at least 15 billion yuan ($3.1 billion) in the first quarter.

SINGAPORE (Jan 12): Top Glove Corporation is acquiring one of the largest surgical glove producers globally, Aspion, for RM1.37 billion ($434 million) from Adventa Capital.

(Jan 11): Blackstone Group LP reached an agreement to acquire a luxury resort on the Hawaiian island of Maui for about US$1.1 billion, according to a person with knowledge of the deal.

SINGAPORE (Jan 9): DBS is maintaining its “buy” call on Mapletree Logistics Trust (MLT) with a target price of $1.38 following the trust’s latest acquisition.

SINGAPORE (Jan 9): RHB expects HRnetGroup to end FY17 with a bang given the group recorded positive 3Q17 results, reflecting strong growth from its flexible staffing business in Singapore as well as the full contribution from the 88GLOW plan.

SINGAPORE (Jan 2): HC Surgical Specialists is acquiring a majority 51% stake in HMC Medical for a consideration of $673,000.

SINGAPORE (Dec 22): Noble Group says wholly-owned subsidiary Noble Resources International (NRI) has acquired an 18.82% stake or about 81.25 million shares in Symbol Mining for A$375,000 ($387,100).