Heineken rejects takeover offer from SABMiller

Heineken said it had “consulted with its majority shareholder” before rejecting the approach. It said the Heineken family, the founding family which still owns half of the firm, wanted to preserve the firm as “an independent company”. Heineken...

TUI Travel and TUI agree to form tourism leader

“The merger will result in the creation of the world’s number one integrated leisure tourism business… with enhanced long-term growth prospects,” a joint statement from the two companies said. Today’s news follows an announcement in June...

HP to buy cloud software startup Eucalyptus in rare acquisition

Hewlett-Packard plans to buy cloud software startup Eucalyptus Software, a rare acquisition for the company since its failed $11 billion purchase of Britain’s Autonomyin 2011. HP did not say how much it will pay for Eucalyptus, which provides open-source software for...