mergers and acquisition (M&A)

(Nov 25): Novartis AG agreed to buy Medicines Co. for an equity value of about US$6.8 billion ($9.3 billion), snapping up a promising cholesterol drug and adding to a string of acquisitions for Chief Executive Officer Vas Narasimhan.

SINGAPORE (Nov 18): ST Engineering sees its aerospace arm’s acquisition of US-based nacelle manufacturer Middle River Aerostructure Systems (MRAS) as a key step in its move to go upstream in the aerospace value chain.

(Sept 30): When Geo Energy Resources raised US$300 million in a bond issue in 2017, it was gearing up to buy additional assets. The interest rate of 8% a year on the bond — a hefty US$24 million a year — was something the Indonesia-based, Singapore-li

(Sept 30): This past week has seen some notable share disposals. On Sept 23, Leong Seng Keat, CEO of Malaysia-based oil and gas shipbuilder Nam Cheong, sold 13.9 million shares at 0.6 cent apiece on the open market. This reduced his direct interest to 0.0

(Sept 11): SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter s

SINGAPORE (Mar 28): ST Engineering is acquiring Newtec Group NV, a Belgium-based satellite communications (satcom) company, for 250 million euros ($383 million).

SINGAPORE (June 4): CIMB is maintaining its “add” call on ESR-REIT (EREIT) with a higher target price of 62 cents.

SINGAPORE (May 17): UOL Group has submitted the only and winning bid of $1.035 billion to acquire the residential site at Silat Avenue.

SINGAPORE (Apr 10): ComfortDelGro announced that its subsidiary, ComfortDelGro Bus, will be acquiring the private bus chartering assets of AZ Bus for $10.25 million.