As of today, this blog is just for fun blog. I can still call it a beta as we have not found what we are looking for to provide to our investors.
We launched Investor Network Destinations as a more professional blog with the goal of launching during 1q2019.
Our goal is networking for results! Our motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” – JD Morris
OUR PICK FOR THE DAY: “I’m a big believer in fixed-wireless consolidation,” Altice USA’s boss Dexter Goei said at the Morgan Stanley TMT Conference in Barcelona.
OTHER M&A DEALS
** National carrier Garuda Indonesia said it will take over operational control of rival Sriwijaya Group, giving the airlines a majority share of the fast-growing domestic aviation market.
** Two shareholders of Restaurant Group Plc called on the owner of Frankie & Benny’s to cancel its proposed 357-million-pound ($463 million) deal to buy the Wagamama noodle chain.
** Buyout group Cerberus is in exclusive talks with NordLB to take on 2.5 billion euros ($2.8 billion) of non-performing shipping loans that the German public sector lender wants to shed ahead of a planned stake sale, sources close to the matter said.
** An Indian tribunal has ruled that UltraTech Cement Ltd’s more than $1 billion bid for the cement unit of Binani Industries Ltd was valid, UltraTech said.
** Sainsbury’s proposed takeover of Asda would be “extremely detrimental” to consumers, an unidentified major supplier to the supermarket groups has argued in a submission to Britain’s competition regulator.
** Nestle’s Purina PetCare division could cut around 200 jobs in France through voluntary departures and it is also exploring options for its Quimperle plant in Brittany, including a sale, said a Nestle France spokesman.
** Johnson Controls International Plc said it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash transaction valued at $13.2 billion.
** Indonesia’s biggest cement maker Semen Indonesia is buying the local unit of Swiss rival LafargeHolcim for around $917 million, as it seeks to extend its dominant position in Southeast Asia’s largest market.
** Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier.
** Food services group Elior is looking at separating its concession business, which includes airport catering, as part of a broader plan to boost growth, sending its shares up more than 8 percent.
** AstraZeneca has taken another step to refocus on priority drugs by selling U.S. rights to a treatment for infant lung infections to Swedish Orphan Biovitrum for an upfront fee of $1.5 billion.
** Kellogg Co said on Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, as it sharpens focus on its core businesses.
** U.S. oil refiner HollyFrontier Corp said it would buy privately held specialty hydrocarbons maker Sonneborn for $655 million in cash.
Happy Networking and Investing,
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DISCLAIMER: This is a beta blog. The information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.