Avondale Prepared To Accept Revised Litton Offer
Avondale Industries Inc. will reportedly accept an increased cash takeover bid from Litton Industries Inc., forgoing a previous all-stock merger agreement with Newport News Shipbuilding Inc.
Chevron Threatened In Nigerian Ethnic Clashes
Chevron Corp. reportedly contacted Nigeria's newly-installed democratic government over threats by ethnic Ijaw militants to its facilities in the latest fighting in the oil region.
EU Set For Full Probe Into Exxon, Mobil Merger
The European Commission's (EC) competition department will reportedly launch an in-depth probe into the proposed $87 billion merger of U.S. oil majors Exxon Corp. and Mobil Corp. later this month.
Ugland In Restructuring Deal With Swan
Ugland International Holdings Plc reportedly entered into agreements to restructure Norway-based refrigerated vessel (reefer) operators Swan Reefer ASA.
Elf Bid For Saga Give Norway Headache
Elf Aquitaine's bid for Norway's Saga Petroleum is reportedly giving Norway's minority government a gigantic headache by threatening its cherished goal of keeping Saga in Norwegian hands.
ABB Gets EU Nod For Alstom Venture
ABB Asea Brown Boveri Ltd reportedly received approval from the European Commission to complete a proposed 50-50 joint venture with France's Alstom SA.
Daewoo Heavy Wins $180M Italian Order
Daewoo Heavy Industries Co Ltd reportedly won a $180 million order from Italy's Moby Lines to build two luxury car-ferry ships.
Swire Pacific Unit Buys Four Vessels
Swire Pacific Offshore, a Singapore-based unit of Hong Kong listed Swire Pacific Ltd, is reportedly investing more than $50 million to buy four new vessels.