Korea M&A Corporation

Tesco on Wednesday made its largest-ever acquisition, paying $1.9 billion for 36 South Korea stores that will have changed ownership twice in less than three years. The British supermarket chain is paying 958 million pounds to E-Land Group, a fashion retailer, for 36 Homever stores. The move will give Tesco more than 50% additional space in the country. Tesco (TSCDY: 25.56, +0.31, +1.2%) (UK:TSC..

Source From http://ap.google.com/article/ALeqM5j1FGR_0CDqt10g0D6ZkubVRziiIgD90L0HU00 SAN FRANCISCO (AP) — Riding a hot streak that has doubled its stock price in the past three years, Hewlett-Packard Co. is rolling the dice on a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp. The all-cash deal announced Tuesday represents HP's biggest gamble under the lead..

Microsoft chairman Bill Gates says the company should have no problems developing its Internet strategy without the addition of Yahoo (yahoo.com). The search engine giant declined a revised $47.5 billion offer from Microsoft last weekend, just before Microsoft retracted its offer on Monday. Gates, who will cease his full-time work at Microsoft come June, says he had no real part in the company's..

SHANGHAI, April 14 (Reuters) - Zijin Mining Group (2899.HK: Quote, Profile, Research), China's second biggest gold miner, has set the indicative price range for its Shanghai IPO at 6.88 to 7.13 yuan per share, two sources familiar with the offer said on Monday. That means the company's local currency A shares will be sold in Shanghai at a premium of between 2.7 and 6.4 percent to Monday's HK$7.4..

LOS ANGELES & SAN JOSE, Calif. — Platinum Equity announced today it has completed the acquisition of Covad Communications Group, Inc., a leading national provider of integrated voice and data communications. The total value of the transaction is approximately $470 million. The acquisition was a public-to-private transaction in which an affiliate of Platinum Equity acquired all outstanding shares..

Microsoft hinted that it might keep the software and hosted architecture built by Danger, the mobile company that designed the software behind the Sidekick. The software giant announced the completion of its acquisition of the mobile developer on Tuesday. When Microsoft announced its intention to buy Danger in February, it didn't say much about its plans for Danger's technology. At the time, som..

High fuel prices and the possibility of recession have sparked talk of a new round of mergers in the economically fragile airline industry. For weeks, reports about a proposed Delta and Northwest Airlines deal have prompted aviation analysts to also contemplate the possibility of a merger between Continental and United. Such consolidation is supposed to bring about increased efficiencies as it h..

Air France has submitted a bid to purchase Alitalia, but is offering significantly less than originally expected for Italy’s indebted and deficit-ridden airline. When it emerged that Air France is offering around 10 cents per Alitalia share (totaling $218 million), the Italian carrier’s value dropped by nearly 38 percent on the stock market. According to Bloomberg’s calculations, this was the si..

Main Street Investor’s Advocate Decries JP Morgan’s Purchase & Federal Guarantee, Calls Action Outrageous and Inconsistent. 03/19/08: Securities Arbitration UPDATE: Paul Young, founder and CEO of Securities Arbitration Group today called on Main Street investors to “urge investors to write to every federal legislator demanding an investigation of the $30 Billion guarantee to JP Morgan Chase in t..

Unable to topple Google Inc. on its own, Microsoft Corp. is trying to force crippled rival Yahoo Inc. into a shotgun marriage, with a wager worth nearly $42 billion that the two companies together will have a better chance of tackling the Internet search leader. Microsoft's audacious attempt to buy Yahoo, spelled out in an unsolicited offer announced Friday, shows just how much Google threatens ..

The Hyundai Automotive Group wants to expand its business into the securities industry by acquiring Shinheung Securities Co. It is to announce its decision as early as Monday. Established in 1955, Shinheung is one of the oldest securities companies in Korea and a small company with assets of W1.2 trillion (US$1=W938). With the Capital Markets Consolidation Act to take effect in February, rumors ..

HONG KONG — Singapore Airlines was rebuffed Tuesday in an effort to take a stake in China Eastern Airlines in a move that could remake the shape of China’s aviation industry with the possible emergence of one dominant Chinese carrier. A decision by minority shareholders of China Eastern to reject a tie-up with Singapore Airlines and a Singapore government investor has set the stage for an unusua..

SOUTH Korea's largest retailer Lotte Shopping Co plans to acquire a stake in a Chinese discount-store chain to expand its presence on the Chinese mainland, the Seoul-listed company said in a regulatory filing yesterday. Lotte agreed to buy a 49-percent stake in CTA Makro, which now operates five discount stores in Beijing and two in Tianjin, from SHV Holdings NV for 57.6 million euros (US$82.90 ..

Jakarta (ANTARA News) - PT Bank Nusantara Parahyangan said Japan's Mitsubishi UFJ Financial Group Inc and Acom Co Ltd are proposing to acquire a 75.41 pct stake in the company and will later make a tender offer for the remaining shares. In a published prospectus, Bank Nusantara said it has already signed a sales and purchase agreement with UFJ and Acom on Nov 27. No financial details were provid..

GlaxoSmithKline (GSK) and OncoMed Pharmaceuticals (OncoMed) today announced a worldwide strategic alliance to discover, develop and market novel antibody therapeutics to target cancer stem cells which are believed to play a key role in the establishment, metastasis and recurrence of cancer. The alliance with GSK will be conducted through its Center of Excellencefor External Drug Discovery (CEEDD..

South Korea's Eugene Group on Monday said it would pay Won1,950bn ($2,111bn) to take over Himart, the country's largest electronics retailer, after beating rival bidders including CCMP, TPG and MBK Partners. The deal means that the sellers - a consortium led by Affinity Equity Partners - will more than double the amount they invested in April 2005. Eugene Group, a conglomerate with logistics, fi..

Eisai said this morning that it’s dropping $3.9 billion in cash to pick up MGI Pharma, a Minnesota-based company that sells cancer drugs. Consider the deal a parachute for the company to wear when it falls off the patent cliff in 2010, as its biggest selling drug, the Alzheimer’s medicine Aricept, loses patent protection. The Japanese drug business has been struggling — prompting the nation’s he..

Dec. 3 (Bloomberg) -- SK Telecom Co., South Korea's biggest mobile-phone operator, agreed to buy control of broadband-access provider Hanarotelecom Inc. for 1.09 trillion won ($1.18 billion) to expand its Internet business and challenge KT Corp. SK Telecom will acquire 91.4 million shares for 11,900 won each, increasing its stake in Hanaro to 44 percent, the Seoul- based company said in a filing..

Vivendi is to take control of Activision of the US through an alliance that would create the world's biggest video games publisher and bring the hit titles World of Warcraft, Guitar Hero and Call of Duty under one corporate roof. The French group, whose activities span recorded music, pay-TV and mobile telephony, said yesterday that it planned to merge its Vivendi Games unit with Activision, a N..

Citigroup Inc. expects profit from its Taiwan operations to grow in 2008, following its US$427 million acquisition of the Bank of Overseas Chinese, an official said Saturday. Citigroup, the most profitable foreign bank in Taiwan, posted a pretax profit of NT$10.32 billion (US$320 million; euro215 million) during the three quarters ending Sept. 30, according to data on the Financial Supervisory C..

China COSCO Holdings Company Limited (SEHK: 1919) announced a private placement of 1,300 million A shares to no more than ten designated investors including its parent China Ocean Shipping (Group) Co. on September 3, 2007. The company will issue 864,270,817 shares at CNY 18.49 per share to China Ocean Shipping (Group) Co. for gross proceeds of CNY 15,980.367 million in its first tranche. The com..

China's Shenzhen Development Bank has agreed to sell a 4.218 billion yuan ($570 million) - BEIJING, Dec 2 - China's Shenzhen Development Bank has agreed to sell a 4.218 billion yuan ($570 million) stake to Baosteel Group, the lender said in a filing to the Shenzhen Stock Exchange. The private placement would consist of 120 million shares set at a price of 35.15 yuan per share. That compares with..

China Finance Online Co. Ltd. said Wednesday it has completed its $3 million acquisition of an 85 percent stake in Hong Kong securities brokerage firm Daily Growth Investment Co. Ltd. Shares of China Finance Online, an online financial data provider, spiked $2.46, or 14.5 percent, to $19.45 in morning trading. The stock has traded between $3.95 and $47.68 during the past 52 weeks. Under the acqu..

SEOUL (Reuters) - American International Group (AIG.N: Quote, Profile, Research) is interested in expanding into consumer finance in South Korea and may buy Korean companies to grow its businesses, the head of its Korean life insurance unit said on Thursday. AIG, the world's largest insurer by market capitalization, runs life and non-life insurance, investment and real estate operations in South..

TOKYO (AP) — Japan Tobacco and Nissin Food Products are buying scandal-ridden Katokichi in a deal worth nearly $1 billion that will create Japan's biggest frozen food maker, the companies said Thursday. Japan Tobacco Inc., the world's third-largest tobacco company by sales volume, is hoping to branch out into other sources of revenue — such as food and pharmaceuticals — as the number of smokers ..

SHENZHEN, Nov 15, 2007 (SinoCast via COMTEX) -- BELLF | charts | news | PowerRating -- Belle International Holdings Ltd. (BIHL, SEHK: 1880), the largest retailer of ladies footwear in China, is to purchase five subsidiaries of Jiangsu Senda Group Co., Ltd. (JSG) with a total of CNY 1.6 billion, said a BIHL executive on November 13, 2007. New Belle Footwear (Shenzhen) Co., Ltd., a wholly-owned su..

Nation’s Largest Bank Close to Taking Over Hannuri Securities for 280 Billion Won By Na Jeong-ju Staff Reporter Kookmin Bank has agreed to buy Hannuri Investment & Securities, a small brokerage firm based in Seoul, for some 280 billion won ($309 million) with its largest shareholder, J.D.K Investment Corp. of the United States, sources close to the deal said Monday. Kookmin will take over the in..

SEOUL, South Korea: South Korea's Samsung Electronics Co. said Wednesday it has purchased an Israeli developer of image sensors in its first acquisition in over a decade. Samsung bought Tel Aviv-based and privately held TransChip Israel Ltd. and turned it into one of its research and development centers, said Samsung spokeswoman Lee Eun-hee. The purchase took effect Oct. 1, she said. The Korea E..

GCA Holdings Corp. shares surged as much as 17 percent, the stock's daily allowable gain, after the investment-advisory firm said it will acquire a U.S. company. The shares rose as much as 100,000 yen to 694,000 and finished the morning trading session on the Tokyo Stock Exchange at 663,000. Tokyo-based GCA, the second-ranked Japanese adviser on mergers this year, will acquire closely held Savvi..

HONG KONG: WEBSUMMARY: Grand China Air to sell shares for fleet growth It will join other carriers in expansion race Grand China Airlines, part-owned by the U.S. financier George Soros, said it may raise more than 5 billion yuan, or $645.8 million, in a Hong Kong stock sale this year, as it seeks funds to expand its fleet. "We are actively preparing for the sale, aiming to make it happen this ye..