Flash Briefing: Saffer launches $18bn hostile takeover; Helios Towers investing $100m into SA; Buffett admits over-paying; GE in $21bn biopharm exit
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South African mining boss and recently appointed Barrick CEO Mark Bristow yesterday launched gold mining’s biggest ever hostile takeover bid.
Once universally admired American conglomerate General Electric last night announced a major step towards breaking into smaller chunks by agreeing the $21bn sale of its life sciences business.
Berkshire Hathaway chairman Warren Buffett admitted during an interview with CNBC yesterday his company overpaid when helping to buy food company Heinz in 2013.
In South African related news, independent UK telecoms infrastructure business Helios Towers yesterday announced it will double up on its recent South African investment by building 1 000 towers in the country during the next three years.
Once universally admired American conglomerate General Electric last night announced a major step towards breaking into smaller chunks by agreeing the $21bn sale of its life sciences business.
Berkshire Hathaway chairman Warren Buffett admitted during an interview with CNBC yesterday his company overpaid when helping to buy food company Heinz in 2013.
In South African related news, independent UK telecoms infrastructure business Helios Towers yesterday announced it will double up on its recent South African investment by building 1 000 towers in the country during the next three years.
