SYDNEY: The ACCC has published a Statement of Issues outlining preliminary competition concerns with Olam Agri Holding’s proposed acquisition of Namoi Cotton Ltd (ASX: NAM). Olam, through its wholly owned subsidiary, Queensland Cotton, and Namoi both supply cotton ginning, cotton lint classing, logistics and warehousing services in Australia. Both Olam and Namoi also engage in…
Tag: proposed acquisition
CMA objects Adevinta’s proposed acquisition of eBay Classifieds Group
OSLO: Adevinta ASA has confirmed that the UK Competition and Markets Authority (CMA) has announced that it has concerns that Adevinta’s proposed acquisition of eBay Classifieds Group from eBay Inc could reduce competition in the UK, following its Phase 1 review. Adevinta and eBay now have the opportunity to propose potential remedies to avoid the…
IG Group announces proposed acquisition of tastytrade Inc.
LONDON: The Board of IG Group Holdings announced the proposed acquisition of tastytrade Inc., a high growth US online brokerage and trading education platform with a leading position in US listed derivatives, primarily options and futures, and over 105,000 active accounts. June Felix, Chief Executive of IG, commented, “I am thrilled to welcome tastytrade to…
Mapletree Industrial Trust to acquire remaining 60% interest in 14 Data Centres in USA
SINGAPORE: DBS Trustee Limited, a trustee of Mapletree Industrial Trust (MIT), has entered into agreements for the proposed acquisition of the remaining 60% interest in the 14 data centres in the United States of America currently held by Mapletree Redwood Data Centre Trust (MRDCT) at a purchase consideration of $210.9 million. The agreed property value…
IMImobile announces proposed acquisition of 3CInteractive Corp
LONDON: IMImobile, a global cloud communications software and solutions provider, has conditionally agreed to acquire the entire issued and to be issued share capital of 3C Interactive Corp. (3C), a private US cloud-based multichannel, customer engagement platform company with a leading position in Rich Communication Services (RCS), on a debt-free, cash-free, basis for a total…