Thursday, August 28, 2008

Sun Pharma win Tel Aviv Court in Taro Case

28 August 2008 Economic Times,First Page

Tel Aviv District court aksed promoters of Israeli drug maker Taro to sell their stake to Sun at the agreed price of $7.75 a share. The court rejected Taro's contention that Sun should have conducted a special tender offer under Israeli law.

Monday, August 25, 2008

M&M's Acquisition of Jiangsu Yueda Yancheng Tractor

M&M's Acquisition of Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd, China


M&M's acquired Jiangsu Yueda Yancheng Tractor Manufacturing Co. Ltd, China for a relatively samm investment of $26 million.

Yancheng has manufacturing capacity of 26,000 tractors a year. It has a turnover of $20 million in the last fiscal year. Its valuation is $50 million.

Mint 19 august 2008, p 14.