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ComfortDelGro buys two Buslink companies in Australia for $165mComfortDelGro buys two Buslink companies in Australia for $165m | Singapore Business Review
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ComfortDelGro buying Australia's Buslink for A$191m in its largest acquisition Down UnderCOMFORTDELGRO on Monday said it is acquiring Buslink, one of Australia’s largest privately owned bus businesses, for A$190.9 million (S$187 million), in what will be the group’s largest acquisition in the country to-date. Read more at The Business Times.
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Construction firm MMP Resources acquiring S$25m stake in natural gas JV companyCONSTRUCTION company MMP Resources is acquiring a 50 per cent stake in a joint venture company that owns an operating gas field in Russia for S$25 million. It will also be deemed a “mineral, oil and gas company” post-acquisition. Read more at The Business Times.
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IBM to acquire software company Red Hat for US$34 billionIBM Corp said on Sunday it had agreed to acquire US software company Red Hat Inc for $34 billion (S$46.9 billion), including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services. The transaction is by far IBM's biggest acquisition. It underscores IBM Chief Executive Ginni Rometty's efforts to expand the company's subscription-based software offerings, as it faces slowing software sales and waning demand for mainframe servers.
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