Tag: acquisitions

[ad_1] Tata Consumer Products MD and CEO Sunil D’Souza Tata Consumer Products Ltd is looking for companies it can acquire to grow internationally, its chief executive officer (CEO) Sunil D’Souza said in an interview with the Financial Times (FT) on Tuesday. He said that the company is in talks with several companies but is primarily looking to acquire a brand with global reach. D’Souza said that the company currently has around $300 million in cash on its balance sheet. In the last year, Tata Consumer has ceased talks on at least two major deals. One was the acquisition ... Read more

[ad_1] Vodafone VOD, +5.98% shares surged on Monday after French telecoms company Iliad submitted proposals to merge its Italy operations with the British firm’s own struggling Italian business, in a deal worth €10.45 billion ($11.4 billion). Vodafone Italia will be merged into the new company – dubbed NewCo – as its parent company has struggled to boost the Italian unit’s performance amid a price war in the country’s phone market. Shares in Vodafone surged 7% on Monday, having lost 20% of their value over the previous 12 months. Under the proposals, Iliad, which is majority owned by French billionaire Xavier ... Read more