Transurban Group, owner of toll roads in Australia and Virginia, rejected an unsolicited takeover offer from Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan. Join discussion...

Berkshire Hathaway chairman and world's second-richest man Warren Buffett said Tuesday that his $34 billion purchase of Burlington Northern Santa Fe Railway is a bet on America's future. It's a bet, but not just on America. With the investment, Buffett is also betting on China's rebound and growth, the price of oil going back up, the continued use of coal to make electricity and a higher profile for the nation's railroads, thanks to a push from the White House. Join discussion...

The UK’s Balfour Beatty has launched a friendly takeover of American professional services giant Parsons Brinckerhoff for US$626 million. With this major cross-Atlantic purchase, Balfour Beatty chief executive Ian Tyler (pictured) said the company wants to set up a global professional services business with over 14,000 employees, to secure a prominent place in the US civil infrastructure market and to extend its global reach Join discussion...

The new promoter of Maytas Infra Ltd, Infrastructure Leasing and Financial Services Ltd (IL&FS) plans to partner foreign firms to improve the financial position of the troubled company, a top executive said. IL&FS would need at least two quarters to stabilize operations at Maytas and revive the firm before fresh capital infusion can be considered, chairman Ravi Parthasarathy told reporters on Tuesday. Join discussion...

India’s Company Law Board, or CLB, on Monday ruled that Infrastructure Leasing and Financial Services Ltd, or IL&FS—a firm that’s worked closely with Maytas both as a stakeholder and a partner in a key infrastructure project—will be the Hyderabad company’s new promoter. Join discussion...

French construction and concessions company Vinci SA (DG.FR) has bought most of the operations of private U.K. property and construction company Haymills in a so-called pre-pack deal after the British company went to the brink of insolvency, the administrator PriceWaterhouseCoopers said Thursday. Haymills will become part of Vinci Construction UK Ltd. and the deal will save about 430 jobs, PWC said. Join discussion...

Consultant acquires Andrew Martin Associates' three offices for an undisclosed sum Capita Symonds has acquired urban design consultant Andrew Martin Associates (AMA) for an undisclosed sum. The consulting firm said that the purchase would boost its planning and environmental offering. Join discussion...

A division of the Ontario Municipal Employees Retirement System (OMERS) said it has acquired rail infrastructure firm Nordco Inc. OMERS Private Equity said Monday it bought Wisconsin-based Nordco from funds represented by The Riverside Company. Nordco makes and supplies products to help maintain rail infrastructure throughout North America. Join discussion...

The CAN$43bn (US$34.5bn) Ontario Municipal Employees’ Retirement System (OMERS) has taken a majority stake in the Detroit River Tunnel in a renegotiation of terms with its partner Canadian Pacific Railway (CP). Join discussion...

Canada Pension Plan Investment Board, the country’s second-biggest public pension manager, agreed to pay A$1.37 billion ($940 million) in cash for Macquarie Communications Infrastructure Group, adding investments in television and radio-transmission towers. Join discussion...