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.