the result of a hostile takeover bid. The bidder may raise the offer price and write to the stockholders extolling the benefits of the takeover. The board may contact other companies in the same line of business, hoping that a white knight may appear. It could also take action to make the company less desirable to the bidder.
A takeover battle for a venerable British institution has the nation of shopkeepers all a-quiver A takeover battle for a venerable British institution has the nation of shopkeepers all a-quiver
Did Burlington Win Battle, Only To Lose the War? The search for a white knight has become a classic defense against a hostile takeover, but in the case of Burlington Industries, the knight sought out management before the takeover even got off the ground....
Oracle won more than a corporate takeover battle when it assumed control of PeopleSoft at the end of last year. It won a battle of attrition in the enterprise software space, and a battle of money and wills over the long-reluctant PeopleSoft board of Oracle won...
Allied Battle Put on Hold By US Court NEW YORK FNS -- The takeover battle for Allied Stores was put on hold by a federal judge Friday after Canadian realtor Campeau Corp. appeared to have grabbed control of Allied in a lightning-quick financial coup. ...
UTRECHT, Netherlands AFP — The world's biggest banking takeover battle came a step closer Monday as shareholders of Dutch-Belgian group Fortis approved a joint bid for rival Dutch lender ABN Amro. The takeover attempt, with partners Royal Bank of Scotland and Spain's Santander, was endorsed at an extraordinary shareholders'...
NEW YORK FNS -- The world of corporate takeovers has spawned a new and colorful business vocabulary--white knights, scorched earth, bear hugs, crown jewels and more. But right now the hot strategy in defending against hostile takeovers is the "poison pill." Since...
THE HAGUE AFP — Shareholders in ABN Amro, the focus of a huge European takeover battle, were set for a heated general assembly on Thursday over competing bids and the proposed sale of US LaSalle bank. ABN Amro has said that the takeover bid made by British bank Barclays...
MADRID AFP — A Madrid court has lifted the final restrictions on a takeover battle for Spanish energy group Endesa, opening the way for a struggle between Spanish peer Gas Natural and rival E.ON of Germany. The court said it had lifted its suspension of Gas Natural's 22.5-billion-euro (29-billion-dollar) cash...
There is something delightfully comic about the takeover battle for Safeway, as though it was being shot in monochrome at Ealing Studios. There is something delightfully comic about the takeover battle for Safeway, as though it was being shot in monochrome at Ealing Studios.
Warnaco Stock Jumps With New Takeover Bid NEW YORK FNS -- The stock of Warnaco, Inc., jumped 2-1/8 to 37-1/2 Monday on the New York Stock Exchange, following a surprise takeover offer of $36 a share in cash by a group of Los Angeles investors including Linda...
Mar. 28--A bitter takeover battle, legislative protectionism, dueling personalities -- and behind it all a company. Mar. 28--A bitter takeover battle, legislative protectionism, dueling personalities -- and behind it all a company.
Byline: Brent Snavely The hostile takeover battle to acquire Taubman Centers Inc. is officially over, and the Bloomfield Hills-based company not only survived, but emerged with a higher stock price that gives shareholders an additional $450 millio Byline: Brent Snavely ...
SHARES won't change hands, but no matter. A European takeover battle looms that may be worthy of Wall Street's finest. In one camp sits the European Commission, which is pressing for common rules to govern takeover bids across the European Union. In thSHARES won't change hands, but...
Nasdaq, the US market, last week made what it termed its "final" takeover offer for the London Stock Exchange. It was the latest episode in a battle that is captivating the City. The pro-Nasdaq camp insists that the takeover of the LSE would create an exchange with...
SYDNEY AFP — Transport and logistics group Toll Holding said it had succeeded in gaining control of Australia's biggest ports operator, Patrick Corp, after an 8-month, 6.3 billion dollar (4.85 billion US) takeover battle. Toll declared its takeover offer unconditional after securing 52.27 percent of Patrick's issued capital thanks...
LONDON AFP — Steel magnate Lakshmi Mittal, the biggest shareholder in ArcelorMittal, is considering entering the takeover battle for Anglo-Australian mining giant Rio Tinto, the Financial Times reported on Monday. Citing unnamed individuals familiar with the matter, the business daily said that Mittal was interested in securing larger supplies...
LONDON AFP — The prospect of a battle for control of Aston Villa emerged after the English Premiership club were the subject of a takeover offer worth 64 million pounds (118 million dollars) as two other suitors mulled bids. A consortium led by Birmingham-based businessman Michael Neville, a boyhood...
By Thomas A. Corfman, Chicago Tribune Knight Ridder/Tribune Business News Sep. 14--The owner of the mall in the destroyed World Trade Center is in the midst of a multibillion-dollar battle to control such prominent local shopping centers as Water Tower Place, Oakbrook...
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