an attempt by one company to acquire another. A takeover bid can be made either by a person or an organization, and usually takes the form of an approach to shareholders with an offer to purchase. The bidding stage is often difficult and fraught with politics, and various forms of knight may be involved.
Energy Partners Ltd. shareholders overwhelmingly rejected a takeover bid Sept. 28 from Woodside Petroleum, Australia's largest oil and gas exploration company.
Douglas Cress submits: Thermage THRM has received an unsolicited takeover bid from an as-yet-unnamed third party calling for the acquisition of all outstanding shares at $5.50 a piece. That bid, to be paid in cash or a combination of cash and stock it appears to be a public company represents...
ATLANTA--Jul. 14--Southern Co. -- refusing to take no for an answer -- Thursday launched a $1.6 billion hostile takeover bid for a British utility, ATLANTA--Jul. 14--Southern Co. -- refusing to take no for an answer -- Thursday launched a $1.6 billion hostile takeover bid for a...
Northrop Grumman Corp. yesterday extended until May 17 its $6.7 billion hostile takeover bid for TRW Inc. after entering a confidentiality agreement to look at the defense, aerospace and auto parts company's books. The agreement with TRW will allow Northrop, which has several business operations in Maryland, to receive nonpublic...
Belgium's takeover laws have been shown to have deficiencies with Belgo-Dutch banc-assurer Fortis' takeover of Generale Bank. The Commission Bancaire et Financiere has been criticized over the way it handled Fortis' bid and the competing offer from HollanBelgium's takeover laws have been shown to have deficiencies with Belgo-Dutch banc-assurer Fortis'...
British Vita spurns second takeover bid MANCHESTER, ENGLAND - British Vita plc firmly rejected a $1.17 billion takeover bid from U.S. private equity firm Texas Pacific Group. David Cotterill, chairman of the Manchester-based sheet, foam products British Vita spurns second takeover...
Cima Labs Inc. has rejected Cephalon Inc.'s $384 million cash takeover bid, saying it is less favorable to stockholders than an earlier bid from aaiPhamaa Inc. The proposed merger with aaiPharma announced last month would ... Cima Labs Inc. has rejected Cephalon Inc.'s $384...
Packaging manufacturer and aluminium producer Alcan Inc is facing a $33bn takeover bid from rival company Alcoa Inc. Packaging manufacturer and aluminium producer Alcan Inc is facing a $33bn takeover bid from rival company Alcoa Inc.
PeopleSoft Inc. formally rejected Oracle Corporation's $5.1 billion hostile takeover bid. PeopleSoft cited antitrust concerns that it said could hinder the deal. The company stated that it had received legal advice that an Oracle takeover "would result in a lengthy regulatory approval process and a significant likelihood that the combination...
GET USED TO READING ABOUT ACXIOM Corp. Last week, the company disclosed quarterly earnings well below analysts' expectations, announced its fourth major round of job cuts in six years and became the target of a takeover bid. Meanwhile, the trial GET...
Among the arguments that have been put forward to support the view that takeover defenses increase shareholder returns when a company becomes a takeover target, the "bargaining power hypothesis" is the most commonly cited argument today. Under this theory, takeover defenses allow the target to extract more in a negotiated...
In its press release of April 27, 2006 Pan-O-Lac Ltd. announced its intention to make a takeover bid for the purchase of all of the outstanding shares of Amisk Inc. ("Amisk") at a price of $0.40 per share. As Pan-O-Lac already holds 53.8% of the outstanding shares, a valuation report...
In its press release of April 27, 2006 Pan-O-Lac Ltd. announced its intention to make a takeover bid. for the purchase of all of the outstanding shares of Amisk Inc. ("Amisk") at a price of $0.40 per share. As Pan-O-Lac already holds 53.8% of the outstanding shares, a valuation report...
PROPOSED TAKEOVER OF B.A.T. COULD PUT FARMERS ON MKT. A $21.3 billion takeover bid for British-based B.A.T. Industries may result in Farmers Group Inc. being placed back on the market less than a year after B.A.T. acquired the Los Angeles, Calif.-bPROPOSED TAKEOVER OF...
Feb. 13--ITT spurned Hilton's hostile $10.5 billion takeover bid yesterday, and is set to put the Knicks, the Rangers and Madison Square Garden on the block. Feb. 13--ITT spurned Hilton's hostile $10.5 billion takeover bid yesterday, and is set to put...
Xstrata Plc has extended its $540 million takeover bid for Indophil Resources NL, its joint venture partner in the $3 billion Tampakan copper and gold project in the Philippines.The offer of $1.28 cash per share was to close on Friday, but has been extended for a further two weeks...
Mergers and acquisitions being the order of the day, this article outlines a checklist of matters to be considered in putting a company in the best possible position to respond to a takeover bid, a proxy fight, a consent solicitation or to negotiate a merger. It suggests how a company...
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