Idemitsu Kosan, Showa Shell mull tie-up prior to merger

Dec 7, 2016

Idemitsu Kosan, Showa Shell mull tie-up prior to merger

Oil distributors Idemitsu Kosan Co. and Showa Shell Sekiyu K.K. are in talks for a capital and business tie-up ahead of their planned merger, sources close to the matter said Wednesday. They are considering taking an estimated 20 percent stake in each other and ...

Foxconn agrees to buy Sharp for ¥389 billion

Mar 30, 2016

Foxconn agrees to buy Sharp for ¥389 billion

Hon Hai Precision Industry Co. agreed Wednesday to buy control of financially struggling Sharp Corp. for ¥389 billion ($3.5 billion) in the first takeover of a major Japanese electronics producer by a foreign company. The agreement by Hon Hai, also known as Foxconn, followed ...

Dentsu considering 60 businesses for acquisition

Feb 19, 2016

Dentsu considering 60 businesses for acquisition

Dominant advertising agency Dentsu Inc. has locked sights on as many as 60 acquisition targets to bring more technology and talent to its global business. The deals pipeline includes mostly small and midsize companies, a contrast with the company’s record ¥409 billion purchase of ...

Oct 22, 2015

Western Digital to buy SanDisk for $19 billion

Western Digital Corp. agreed to buy SanDisk Corp. for about $19 billion (¥2.26 trillion), gaining access to a supply of semiconductors that are at the heart of a fast-growing type of computer storage. The drive maker will pay $86.50 a share for SanDisk, including ...

Sep 30, 2015

Mizuho Financial eyes stake in Matthews International Capital

Mizuho Financial Group Inc. said Wednesday it will take a roughly 16 percent stake in Matthews International Capital Management LLC, a U.S. fund management company with a focus on Asia, in a bid to improve the profitability of its asset management business. Mizuho Financial ...

Sep 9, 2015

Takeover of Amlin makes other Lloyd's insurers bid targets

Amlin PLC’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley PLC, Hiscox Ltd., Lancashire Holdings Ltd. and Novae Group PLC all rallied in London trading after ...