mergers and acquisition (M&A)


Novartis agrees to buy Medicines Co. in US$6.8 bil deal

(Nov 25): Novartis AG agreed to buy Medicines Co. for an equity value of about US$6.8 billion ($9.3 billion), snapping up a promising cholesterol drug and adding to a string of acquisitions for Chief Executive Officer Vas Narasimhan.


ST Engineering Aerospace moves up value chain with MRAS acquisition

SINGAPORE (Nov 18): ST Engineering sees its aerospace arm’s acquisition of US-based nacelle manufacturer Middle River Aerostructure Systems (MRAS) as a key step in its move to go upstream in the aerospace value chain.


One acquisition down, and a bigger one in the works for Geo Energy

(Sept 30): When Geo Energy Resources raised US$300 million in a bond issue in 2017, it was gearing up to buy additional assets. The interest rate of 8% a year on the bond — a hefty US$24 million a year — was something the Indonesia-based, Singapore-li

Nam Cheong CEO sells 13.9 mil shares; Miyoshi’s second-largest shareholder pares stake

(Sept 30): This past week has seen some notable share disposals. On Sept 23, Leong Seng Keat, CEO of Malaysia-based oil and gas shipbuilder Nam Cheong, sold 13.9 million shares at 0.6 cent apiece on the open market. This reduced his direct interest to 0.0


Grab in talks to merge Indonesian payment firms to overtake Gojek: sources

(Sept 11): SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter s


ST Engineering acquires satcom company Newtec for $383 mil

SINGAPORE (Mar 28): ST Engineering is acquiring Newtec Group NV, a Belgium-based satellite communications (satcom) company, for 250 million euros ($383 million).

Broker's Calls

ESR-REIT's merger with Viva Industrial: Hit or miss?

SINGAPORE (June 4): CIMB is maintaining its “add” call on ESR-REIT (EREIT) with a higher target price of 62 cents.


Sole bidder UOL JV snaps up Silat Ave site for $1.04 bil in URA tender

SINGAPORE (May 17): UOL Group has submitted the only and winning bid of $1.035 billion to acquire the residential site at Silat Avenue.


ComfortDelGro acquires private bus chartering assets of AZ bus for $10.3 mil

SINGAPORE (Apr 10): ComfortDelGro announced that its subsidiary, ComfortDelGro Bus, will be acquiring the private bus chartering assets of AZ Bus for $10.25 million.