Tag: acquisition

The final price is fixed slightly below the mid-point of the indicated range, but the deal attracts “strong” demand from over 100 investors. Korea's LG Household & Health Care pays $364 million to buy 90% of TheFaceShop from Affinity Equity Partners and the cosmetic chain's chairman. China's Haitong Securities acquires Hong Kong-based Taifook Securities for an outlay of up to $445 million. Metro Pacific Investments uses a right of first refusal to match the valuation of a bid by Henry Sy Jr that would have given the San Miguel group and its allies absolute ... Centrex will receive a capital boost of up to $245 million, while Wuhan Iron will get a 60% stake in the Australian company's iron deposits on the Eyre Peninsula. Government-owned Sinochem becomes the second Chinese firm to pursue Australian farm chemicals company Nufarm. Singapore-listed Fortune Reit will add three more shopping centres to its portfolio of Hong Kong retail properties at a total cost of $270 million. Beijing-based commercial property developer Soho China makes its first investment in Shanghai, buying a 52-storey office building from MSREF for Rmb2.45 billion. The telecom operator appears as a white knight to prevent the San Miguel group from gaining control of one of the Lopez family's long-term assets. The investment by the asset manager gives Financial Partners Group the capital it needs to grow in Asia and the Middle East. One of the most dramatic weekends on Wall Street sees Lehman Brothers file for bankruptcy, while Bank of America takes over Merrill Lynch. China’s largest inbound M&A deal this year sees Coca-Cola shell out $2.4 billion to strengthen its position in China's growing juice market. The private equity firm aims to acquire up to 48.4% in Re-plus Residential Reit through an investment package that will also provide the Reit with fresh capital. Singapore's largest Reit raises $478 million and achieves favourable terms by using a newly acquired property as security for the bonds. The unwinding of its financial engineering measures could be a boost both for Champion and the Hong Kong Reit sector as a whole, observers say. The Korean conglomerate fends off more than 10 competing bids and raises part of its acquisition finance through the country's first significant leveraged loan for the year. The Indian pharmaceutical company spends $265 million to acquire Negma Laboratories, a French research-based major with 172 patents. Singapore's two largest electronics companies to combine through an acqusition that values GES International at a 19% premium to the market price. Global law firm names new senior attorney in Tokyo. With at least four deals on the go, the Australian investment bank flexes its balance sheet muscle again in 2006.