SAB Miller said it would keep talking to Foster’s Group after Australia’s largest brewer rejected the global giant’s $10.1 billion cash takeover offer as too low.
Research In Motion has lost so much value that an acquirer could pay a 50 percent premium and still buy the BlackBerry maker for a lower multiple than any company in the industry, Bloomberg reports.
Encana Corp called off a proposed C$5.4 billion deal with PetroChina to sell half of its holdings in a prolific shale gas region of northeastern British Columbia to the Chinese company and said it will seek new partners. The shale deal, seen as a positive for Encana, failed as the companies did not agree on the terms of the transaction.
The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland’s “So-Lo-Mo” and luxury e-commerce sectors.