Korea M&A Corporation

Hong Kong's controversial rail merger is back on track after lawmakers gave the go-ahead following a marathon debate. The proposed tie-up between the MTR Corp and Kowloon-Canton Railway Corp, which had been blocked many times by government opponents fearing monopolization, was finally endorsed by 30 to 17 votes in the Legislative Council Friday after 24 hours of debate over the past three days. ..

SHENZHEN, China, June 7 /PRNewswire-FirstCall/ -- China Security & Surveillance Technology, Inc. (BULLETIN BOARD: CSCT) , a leading provider of digital surveillance technology in China, today announced that it has completed the acquisition of Changzhou Minking Electronics Co., Ltd. ('Minking'). Under the terms of the transaction, the Company paid a total consideration of RMB 200 million (approxi..

The Yomiuri Shimbun Precision instrument maker Pentax Corp. is poised to accept a proposal to merge with glass and lens maker Hoya Corp. as part of Hoya's takeover bid, it was learned Tuesday. Pentax has unofficially said it is likely to agree to a takeover bid by Hoya and Pentax's largest shareholder, the asset management company Sparx Group. Pentax President and Chief Executive Officer Takashi..

By Takahiko Hyuga April 27 (Bloomberg) -- Citigroup Inc. acquired 61 percent of Nikko Cordial Corp., Japan's third-biggest brokerage, falling short of the shares it needs to take full control. Nikko stock rose to 1,738 yen, more than Citigroup offered, as the U.S. company said it may seek more shares. Citigroup will pay 920 billion yen ($7.7 billion) in cash to Nikko shareholders who accepted th..

NCsoft Challenges Nexon by Acquiring Punch Monster‘s Developer?The Korea-based NCsoft has recently announced to acquire the casual game development company - NextPlay and gain 65% stake.Founded in 2003, NextPlay mainly consists of the former developers of Crazy Arcade, a famous casual game. NextPlay's first casual project Punch Monster, whose operation rights were gained by NCsoft in 2007, used ..

ABN Amro, one of the five biggest Dutch banks, has confirmed that it is holding "exclusive, exploratory talks" with British bank Barclays on a possible merger, Dutch daily Financiele Dagblad reported Tuesday. The two banks on Monday evening said in almost identical statements that the discussions are at an "early and exploratory stage." According to the banks, the approach is the result of "a ca..

DigiCurve, Inc. Broadens Product and Services Range with Asset Acquisition LAS VEGAS--(BUSINESS WIRE)--DigiCurve, Inc. (OTCBB:DCUV - News), a multimedia producer and provider of online content, announced today that it has signed a Letter of Intent to purchase the assets of Global Satellite Broadcasting Corporation (GSBC) of Thailand in an all-stock transaction. "We are very pleased to have the o..

Citigroup has agreed to buy Nikko Cordial, the scandal-hit Japanese broker, for ¥1.3 trillion (€8.5bn) in its largest takeover of an Asian company. The companies released a joint statement this morning which said they had "agreed to form a comprehensive strategic alliance". The ¥1,350 per share deal, which includes the investment banking joint venture Nikko Citigroup, established in 1999, was si..

By Dan Lonkevich and Edward Klump Feb. 26 (Bloomberg) -- Investors led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group will buy TXU Corp., the largest power producer in Texas, for $45 billion in the biggest- ever leveraged buyout. KKR, run by Henry Kravis and George Roberts, and David Bonderman's Texas Pacific, joined by Goldman Sachs Group Inc., will pay $69.25 for each TXU share, 15 p..

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 6, 2007) - Can-Asia Minerals Inc. ("the Company") (PINK SHEETS:CNMN) is pleased to announce that it has signed a letter of intent to acquire 50% (the "Acquisition") of the interest held by PT Hunamas Manumpak Interbuana, a private Indonesian company, in an Indonesian oil and gas property (the "Property") in exchange for US$2,500,000 plus the issua..

Tokyo, Feb 2, 2007 (JCN) - Nomura Holdings announced on February 2 that it closed its acquisition of Instinet Inc. for a final price of US$1.2 billion. Nomura also announced a new board of directors at Instinet. Nomura said the acquisition is part of ongoing strategy to strengthen its capabilities in this area, and comes as hedge funds and other institutional investors increasingly look to place..

Sony Ericsson today completed the acquisition of the Swedish software company UIQ Technology AB from Symbian Ltd following full regulatory ratification. UIQ Technology, which uses Symbian OS, licenses the UIQ user interface and application development platform to mobile phone vendors worldwide. Sony Ericsson is already a licensee of UIQ Technology, and has been working closely with the company o..

SEOUL (MarketWatch) -- South Korea's Posco (005490.SE) said Friday its chief executive has met with an executive of Arcelor Mittal and reached an agreement about opening a dialogue between the two global steel makers to discuss potential areas of cooperation. Earlier Friday, Roland Junck, a member of Arcelor's Group Management Board, visited Posco's plants and met the Korean company's chief exec..

Tanabe Seiyaku Co., Ltd. Mitsubishi Pharma Corporation and Mitsubishi Chemical Holdings Corporation have reached an agreement in principle on the proposed merger between Tanabe Seiyaku and Mitsubishi Pharma on October 1, 2007. TOKYO, Japan | Feb 02, 2007 | Tanabe Seiyaku Co., Ltd. (Natsuki Hayama, President & Representative Director; hereinafter “Tanabe Seiyaku”), Mitsubishi Pharma Corporation (..

TOKYO — Ajinomoto Co said Thursday it will form a capital and business alliance with Japanese processed food maker Yamaki Co in an attempt to enhance its food operations. Ajinomoto, Japan's largest seasoning maker, said it plans to acquire a 33.4% stake in Yamaki, based in the city of Iyo, Ehime Prefecture, by the end of March 2007.

Shares in Wal-Mart's Japanese subsidiary, Seiyu Limited, surged 13 percent Monday after expansion talk by a top Wal-Mart executive. Wal-Mart Vice Chairman Michael Duke told Japan's Nikkei business daily that the company is looking for takeover opportunities in Japan. Duke says Wal-Mart welcomes Japanese deregulation that is to take effect in May. The rule changes will allow foreign companies to ..

Malaysia's two main Chinese-language newspaper groups plan to merge with one in Hong Kong to create a global Chinese media conglomerate owned by a Malaysian timber tycoon, according to an investment bank that drew up the proposal. The merger will bring together Hong Kong's Ming Pao Enterprises Corp. and Malaysia's Sin Chew Media Corp. and Nanyang Press Holdings Bhd. Businessman Tiong Hiew King T..

TOKYO, Jan 23 (Reuters) - Morgen, Evan & Co., a boutique New York merger adviser, said on Tuesday it had fired two managers at its Tokyo office for alleged "unauthorised banking transactions". Morgen, Evan, which has advised on deals involving Mitsubishi Electric Corp. (6503.T: Quote, NEWS , Research) and Oki Electric Industry Co. (6703.T: Quote, NEWS , Research), told clients in an e-mail earli..

SEOUL, Jan. 18 (Yonhap) -- The Fair Trade Commission, South Korea's corporate watchdog, said Thursday that it has approved Shinhan Financial Group's takeover of LG Card Co., the country's top credit card company, a deal valued at 5.18 trillion won (US$5.52 billion). In December, Shinhan Financial, the country's second-largest financial service company, agreed to buy a 61-percent stake in LG Card..

BEIJING (XFN-ASIA) - Merger and acquisition deals in China involving foreign acquirers totaled 21.63 bln usd, with deals for retail and consumer-oriented businesses growing sharply with the easing of restrictions on foreign investment in the sector, The Standard reported, citing Thomson Financial. Many Western firms are also attracted to retailers as a play on China's rapidly growing middle clas..

By Scott B MacDonald Late last month, Japan Tobacco announced that it was buying its British rival, Gallaher Group Plc, for about US$15 billion. This is big news for two reasons: the proposed deal is the largest-ever foreign acquisition undertaken by a Japanese company, and it marks a new assertiveness by a part of the international business community that has long been in retreat, Japanese corp..

Report: China Group Buys Oil Stake Sunday December 31, 2:00 pm ET By Scott Mcdonald, Associated Press Writer Report: China's CITIC Group Buys Canadian Company's Stake in Kazakhstan Oil Field BEIJING (AP) -- China, which is aggressively seeking overseas energy assets to fuel its booming economy, said Sunday that one of its biggest conglomerates has bought the Kazakhstan oil assets of a Canadian c..

BEIJING, Dec. 30 (Xinhua)-- China Construction Bank (CCB) announced Friday it had completed the acquisition of Bank of America (Asia) Ltd, the wholly-owned subsidiary of Bank of America in Hong Kong, acquiring 100 percent of the equity. The branch offices and bank documents of Bank of America (Asia)Ltd will soon bear the logo and name of China Construction Bank Asia Ltd. The two sides inked an a..

KatherineNgandagencies Saturday, December 23, 2006 China Life Insurance (2628), the first insurer to plan a listing in the mainland, has finished its price consultation and expects to set the range between 20 yuan and 24 yuan (HK$19.88 and HK$23.86) a share, fund managers said. "The company does not want to set the price range too high, which will limit the upside potential for its A-share debut..

NEW YORK, Dec 20 (Reuters) - Private equity firm Bain Capital Partners LLC and Japan Industrial Partners launched a $550 million tender offer for Japanese machinery leasing firm SunTelephone Co. Ltd. (8083.T: Quote, Profile, Research) in partnership with the company's management, SunTelephone said on Wednesday. SunTelephone, which in October rejected a buyout from U.S. fund Dalton Investments, s..

Nissin Buys 86% Stake in Myojo After Steel Partners Offer Fails By Yasue AoiDec. 15 (Bloomberg) -- Nissin Food Products Co., Japan's largest instant noodle maker, said it acquired an 86 percent stake in Myojo Foods Co. for 32 billion yen ($271 million) after an offer by U.S. investment fund Steel Partners failed. ``Myojo will become a unit of Nissin as of Dec. 22,'' Nissin said in a statement to..

Japan Tobacco to acquire Gallaher for about $14.7bn Saturday, December 16, 2006 6:41:57 AM ET newratings.com LONDON, December 16 (newratings.com) - Japan Tobacco Inc (JAT.BER), the world’s third-largest cigarette maker, Friday announced that it had agreed to acquire Gallaher Group Plc for nearly $14.7 billion in the largest international acquisition by a Japanese company. The Tokyo-based company..

Maruha, Nichiro Shares Surge on Seafood Merger Plan By Stuart BiggsDec. 12 (Bloomberg) -- Shares of Maruha Group Inc., a Japanese maker of processed and frozen seafood, surged for a second day after the company said it will merge with smaller rival Nichiro Corp. Nichiro's stock gained the most since 1999. Maruha said yesterday it will combine with Nichiro in an effort to reduce costs through str..

China will take measures in 2007 to create a favorable environment for listed companies to carry out mergers and acquisitions, Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), said at a forum Thursday. The CSRC will also standardize mergers and acquisition involving foreign capital, in an endeavor to ensure a fair playing ground for all parties. Shang said that with th..

TOKYO/SHANGHAI, Dec 15 (Reuters) - Japan's Kirin Brewery Co. (2503.T: Quote, NEWS , Research) said on Friday it would pay $38 million to take a 25 percent stake in China's Hangzhou Qiandaohu Brewery Co. Ltd, as it steps up its efforts to expand in the world's biggest beer drinking country. The deal gives Kirin, which vies with Asahi Breweries Ltd. (2502.T: Quote, NEWS , Research) for the title o..