M&A News

Texan-based integrated energy firm Southwestern Energy has announced the definitive closure of the sale of its subsidiary utility, Arkansas Western Gas to SourceGas for US$230mn.... 2008-07-03

Bismarck-based diversified energy and construction firm MDU Resources Group announced on July 1 that it will pay US$328mn for Intermountain Gas, an Intermountain Industries subsidiary.... 2008-07-03

On July 1 Blockbuster abandoned its US$1.3bn offer to buy electronics retailer Circuit City Stores, ending weeks of speculation that the deal was on the rocks. Citing market conditions,... 2008-07-03

Del Monte Foods has agreed sell its seafood business to South Korea's Dongwon Group for US$363mn. The sale will create the world's top canned tuna firm as Del Monte's seafood business... 2008-07-03

On June 30 the United Arab Emirates' Dubai World and Russia's Roskummunenergo jointly bid US$5.34bn for OGK-1. The company is the last of Russia's wholesale power producers for sale... 2008-07-02

The US's largest pork producer, Smithfield Foods, has made a significant step in its efforts to expand outside the US. On June 30 it announced that state-owned COFCO Limited, China's... 2008-07-02

South African miner AngloGold Ashanti won shareholder approval to acquire Colorado-based miner Golden Cycle Gold Corporation on July 1. AngloGold will give Golden Cycle shareholders... 2008-07-02

Latin America's largest Coca-Cola bottler and the world's second-largest in terms of volumes, Coca-Cola FEMSA, announced on June 26 that it has acquired Refrigerantes Minas Gerais... 2008-07-02

Bahrain-based Arcapita Bank has agreed to become joint partners with Singapore's Mapletree Investments in a private real estate fund, Mapletree Industrial Trust (MIT). Arcapita has... 2008-07-02

Activity continues in the steel industry, as three heavyweights square off over control of the world's largest provider of pulverized coal. The Pohang Iron and Steel Company (POSCO),... 2008-07-02