By Agency Reporter Wednesday, 15 Dec 2010 JOHANNESBURG: Japan‘s Kansai Paint has offered to buy all the shares it does not own in South Africa‘s Freeworld Coatings, at $262m. A Reuters report on Tuesday said the “bid could potentially lead to a hostile takeover.” Osaka-based Kansai said in a statement on […]

By Agency Reporter Wednesday, 15 Dec 2010 NEW YORK: Dell Incorporated plans to buy data storage company, Compellent Technologies Incorporated for about $960m, to expand beyond PCs and catch up with rivals Hewlett-Packard Company and IBM in technologies like cloud computing. According to a Reuters report on Tuesday, Dell and Compellent […]

By Our Correspondent Wednesday, 15 Dec 2010 Forex Dimensions Limited has instituted a $6m legal suit against a Swiss Firm, Crown Forex, over the latter’s inability to meet its financial obligations to it. In a sworn affidavit deposed at the Federal Capital Territory High Court, Abuja, and dated October 8, 2010; […]