Korea M&A Corporation

The global mining group Rio Tinto dropped part of its proposed tie with metals giant Chinalco on Friday following objections in Britain and Australia. The deal could have given the Chinese an 18% stake in Rio Tinto Group, which is listed on both the British and Australian markets. It would also have given the Chinese company access to Rio’s iron ore, copper, and aluminium assets. “If the Chinalc..

SHANGHAI — Bain Capital, the private equity firm, is planning to invest as much as $400 million to acquire a minority stake in Gome Electrical Appliances, one of the biggest retailers in China, according to people with knowledge of the talks. The deal, which could be announced as early as Tuesday, would be one of the largest American investments in a Chinese company and could help stabilize a co..

Will third time be luck for the Chinese digital media entertainment provider Hurray? After failing at two previous attempts to be bought, the Nasdaq-traded company has received a new offer from Shanda (NSDQ: SNDA), the online gaming biggie in China, for a majority stake. Under the proposal, Shanda will commence a tender offer to acquire 51 percent, at $4.00 per ADS, which means a total deal valu..

PARIS, June 8 (Reuters) - Japanese bank Nomura (8604.T), which acquired some of the main businesses of failed Wall Street bank Lehman Brothers last year, is targeting a top 10 spot in the league tables for working on French mergers and acquisitions (M&A). Nomura France Joint President Jerome Calvet told reporters at a news briefing on Monday that "in the long run," Nomura would aim for a top fiv..

KUALA LUMPUR, April 21 (Reuters) - The Malaysian unit of Danish brewer Carlsberg is taking advantage of the current economic downturn to hunt for an acquisition target in Asia, the head of the unit said on Tuesday. "We are at the stage of doing analysis on certain opportunities. The board has given us a time frame to identify some opportunities," said Soren Jensen, managing director of Carlsberg..

HONG KONG -- A Hong Kong appeals court Wednesday rejected the US$2.1 billion management-led buyout of telecom company PCCW Ltd., handing regulators in this Asian financial center a significant victory after facing months of criticism for what shareholder activists called weak corporate governance standards. PCCW and the buyout group, led by PCCW Chairman Richard Li, said they will consider wheth..