UK competition watchdog opposes Ticketmaster-Live Nation mergerOctober 8th, 2009 UK agency opposes Ticketmaster-Live Nation mergerLOS ANGELES — The proposed merger of concert promoter Live Nation Inc. and ticket-selling giant Ticketmaster Entertainment Inc.
Democratic senators seek investigation of merger of prescription drug giants Caremark and CVSJuly 31st, 2009 Senators seek investigation of CVS-Caremark mergerWASHINGTON — Three Democratic senators have asked the Federal Trade Commission to re-examine the 2007 merger of prescription drug giants Caremark and CVS, expressing concern the merged company will drive independent pharmacies out of business. Sens. Byron Dorgan of North Dakota, Russell Feingold of Wisconsin and Any Klobuchar of Minnesota said they've been hearing from constituents that the pharmacies they rely on for medicine and advice are at a competitive disadvantage.
Merger of state-run telecom firms put on holdJuly 20th, 2009 NEW DELHI - The government Monday said the proposed merger of the two state-run telecom operators - Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) - has been put on hold. "Since the enabling conditions for the suggested options are not appropriate enough to lead to a successful merger and considering the complexity of the issues involved, the restructuring of BSNL and MTNL has been put on hold for the time being, Minister of State for Communications and IT Gurudas Kamat told the Lok Sabha.
Air India Express will be a low-cost carrierJuly 14th, 2009 NEW DELHI - Maintaining that low fare carriers were the need of the hour, Civil Aviation Minister Praful Patel Tuesday said national carrier Air India will launch its own low-cost carrier under the existing Air India Express, which currently flies to 14 international destinations. "Air India Express will be our low-cost carrier and it has to be given a meaningful role.
Pilot Travel to provide $100M financing; framework for Flying J to exit bankruptcy protectionJuly 14th, 2009 Pilot Travel, Flying J announce truck stop mergerKNOXVILLE, Tenn. — Pilot Travel Centers LLC and Utah-based Flying J Inc.
Kirin and Suntory, Japan's 2 biggest beverage makers, considering a mergerJuly 13th, 2009 Japan's top 2 beverage makers considering mergerTOKYO — Japan's top two beverage makers, Kirin and Suntory, are considering merging their operations, a Suntory spokesman said Monday. A merger would create the world's fifth largest food company by sales, just behind Kraft Foods Inc.
Ticketmaster, Priceline.com to team up to give online customers access to travel servicesJuly 9th, 2009 WEST HOLLYWOOD, Calif. — Ticketmaster and Priceline.com say they will team up in order to give the ticket seller's online customers access to various travel services.
Bank employees' strike deferredJuly 4th, 2009 CHENNAI - A nationwide strike planned by employees of State Bank of India (SBI) and its six associate banks for July 6 against the merger of State Bank of Indore with SBI has been deferred, a union leader said Saturday. "The bank management has been advised by the deputy chief labour commissioner to discuss the issue with unions before pursuing the merger issue with the Reserve Bank of India and the central government," said C.H.
CNB Financial Corp. of Worcester opts for merger with UFB, ends merger with Berkshire BankJune 26th, 2009 CNB Financial of Worcester opts for UFB mergerWORCESTER, Mass. — CNB Financial Corp.
State Bank of Indore staff protest proposed merger with SBIJune 22nd, 2009 BHOPAL - More than 6,000 employees of State Bank of Indore went on a strike Monday to protest the proposed merger with State Bank of India, staff union leaders said here. All branches remained closed.
State Bank of Indore employees threaten strikeJune 20th, 2009 BHOPAL - Employees of the State Bank of Indore will go on a day's strike July 22 to protest the bank's proposed merger with the State Bank of India, a union leader said Saturday. S.K. Bindal, general secretary of the All India State Bank of Indore Officers' Coordination Committee, said the merger proposal was approved despite strong opposition by the employees.
China Unicom says 1Q profit $525 million following merger with rival China NetcomApril 29th, 2009 China Unicom says 1Q profit $525 millionBEIJING — China Unicom Ltd., one of China's three major state-owned phone companies, said Wednesday it earned 3.6 billion yuan ($525 million) in the first quarter following its merger with rival China Netcom. The profit for the three months ending March 31 was equal to 0.15 yuan per share, the Beijing-based company said.
Merger of Reliance Industries, fuel exporting arm approvedMarch 2nd, 2009 MUMBAI - In one of the largest merger deals in India, Reliance Petroleum will merge with its parent and the country's biggest company, Reliance Industries, in what the promoters say will create better synergies for them in the hydrocarbons space. The board of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.
Mukesh Ambani's two Reliance companies to mergeFebruary 28th, 2009 MUMBAI - The $34.5-billion Reliance Industries, India's largest private sector company, Friday announced that it will consider a proposal next week to merge another group company into itself to bring in operational efficiency. The Mukesh Ambani-controlled Reliance Industries and its oil refining and export-oriented subsidiary Reliance Petroleum, have both informed the stock exchanges of their boards' agenda to consider the merger.
Piramal Healthcare acquires US firm for $40 mnDecember 22nd, 2008 MUMBAI - Indian pharma major Piramal Healthcare will acquire Minrad Inernational Inc of the US for approximately $40 million, a top company official said here Tuesday. 'This alliance will give us immediate entry into the US market for sevoflurane, the largest selling inhalation anaesthetic in that country and access to key IPR for manufacture of inhalation anaesthetics, including sevoflurane and desflurane,' said Piramal group chairman Ajay Piramal.
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