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Japan activist makes surprise bid to disrupt Toshiba deal

Bloomberg Japan’s best-known activist investor, Yoshiaki Murakami, announced a tender offer for Toshiba Machine Co, one of the entities embroiled in a controversial takeover battle for NuFlare Technology Inc. The bid late from Murakami vehicle Office Support came just hours after Toshiba Machine confirmed it had agreed to tender its shares in NuFlare to Toshiba Corp for 11,900 yen apiece. ...

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India’s banks face risk of $13b telecom dues

Bloomberg India’s top court’s rejection of an appeal by wireless carriers to review $13 billion they owe to the government raises risks for lenders to the companies, according to UBS Group AG. Payment of the dues may erode the telecom operators’ cash flows, especially those of Vodafone Group Plc’s India venture. Under the October verdict, Vodafone Idea Ltd has to ...

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HNA sells Pactera for $750mn

Bloomberg Embattled Chinese conglomerate HNA Group Co has agreed to sell control of its tech outsourcing unit to China Electronics Corp in a deal valued at about $750 million, people with knowledge of the matter said. State-owned China Electronics signed an agreement with HNA on the purchase of Pactera Technology International Ltd, according to the people, who asked not to ...

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