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News Roundup: Intelenet Likely To Buy US Firm In $30M Deal

Posted on November 22, 2009

HTW Looking At Acquisitions In South India - Metal container manufacturer, Hindustan Tin Works (HTW), plans to acquire smaller firms in South India and is currently in talks with a host of potential targets. The company, which plans to fund the acquisition from debt and internal accruals, is in talks with three leading lenders -- State Bank of India, Punjab National Bank and Standard Chartered, to raise the debt part for the proposed acquisition. (DNA)LN Mittal Doubles His Stake In Ophir - Steel major Lakshmi N Mittal has paid over $110 million to double his stake in Africa-focused Ophir Energ...

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