Dell to acquire Compellent for $884 million

Dell says it is going to acquire data storage company Compellent Technologies for $884 million to expand beyond PCs and catch up with rivals Hewlett-Packard Co(HPQ.N) and IBM in technologies like cloud computing.

The offer price is slightly more than Dell Inc. said it would pay last week, before the companies had signed a formal agreement. Dell says it will pay $27.75 per share for Compellent Technologies Inc., up from $27.50.

But it is lower than Eden Prairie, Minnesota-based Compellent's closing price of $28.71 on Friday.

Dell, based in Round Rock, Texas, is trying to catch up with other tech firms that have branched into the business of storing and organizing data for companies and governments.  Providing that sort of back-office technology is shaping up as a more profitable line of business than selling personal computers, which is how Dell still generates most of its revenue.

India is back on global M&A map

Indian companies are acquiring and forming joint ventures with other Global firms to get global identity and to enter into new markets. Indian firms are now M&A spree......

Godrej acquires Swastik soap, Genteel detergent

Strengthening its portfolio in personal and household care segment, FMCG major Godrej Consumer Products today said it has acquired 'Swastik' and 'Genteel' brands for an undisclosed amount.

The Godrej group is said to have acquired these major brands, Genteel and Swastik Shikakai, from Mumbai-based Priya Kothari family, which is now said to be keen on focusing on its engineering business.

Genteel and Swastik Shikakai jointly have an annual turnover of around Rs 30 crore. Both Genteel- a liquid detergent brand, and Swastik Shikakai-a niche hair wash soap, have been operating in the Indian market for decades. The brands, which were earlier owned by the Sarabhai family, were later bought out by the Kothari family two decades ago.

RIM acquires Swedish firm The Astonishing Tribe

Canadian telecommunication and wireless device Co Research In Motion (RIM.TO) has bought Swedish design company The Astonishing Tribe (TAT) as the BlackBerry maker seeks to enhance the look and functionality of its screens ahead of the launch of its PlayBook tablet.

Google to acquire Groupon for $6 billion

Search Engine giant Google is all set to acquire Groupon, the pioneering online discounter, for as much as $6 billion, people with direct knowledge of the matter said. A deal, in the $5 billion to $6 billion range, could be struck as soon as this week, these people said, cautioning that the talks still could fall apart. 

Ceat acquires brand rights from Pirelli

Tyre maker Ceat Ltd has acquired global rights of its 'Ceat' brand from Italy-based Pirelli, for 9 million euros, thus getting rights to export tyres under the brand on its own across the globe.

Ceat now owns the 'Ceat' brand in nine south Asian countries, including India, Pakistan and Sri Lanka. Pirelli owns the 'Ceat' trademark in the rest of the world.

The acquisition will enable Ceat to export radial and cross-ply tyres worldwide under the Ceat brand. The firm currently exports its tyres to Europe and South America under the 'Altura' brand.

Mergers & Acquisitions News

BP sells Pan Am Energy stake for $7bn

China Huaneng Group buys 50% stake in InterGen..see here


GMR Group to Sell Stake in InterGen..see here

Wal-Mart Offers $2.34 Billion for 51% of South Africa's Massmart...see here