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.
LUXEMBOURG AFP — Luxembourg Treasury Minister Luc Frieden said that an amended takeover bill would not keep Mittal Steel from pushing ahead with its hostile bid for rival Arcelor. The Luxembourg government, which is Arcelor's biggest shareholder with a 5.6 percent stake and is opposed to the takeover, is...
FRANKFURT AFP ? The Dutch telecommunications group KPN said it does not rule out making a possible hostile takeover bid for its British rival mmO2 after friendly takeover talks failed. "We never exclude a possibility," the Financial Times Deutschland quoted a KPN spokesman as saying in its Monday edition...
HANOVER, Germany AFP ? US software maker PeopleSoft no longer considers a 9.4-billion-dollar (7.6-billion-euro) hostile takeover bid by rival Oracle to be a realistic threat, PeopleSoft chief technology officer Richard Bergquist said. With regulatory authorities around the world objecting to Oracle's proposed takeover on the grounds it would be...
Byline: Kent McDill Daily Herald Sports Writer Billions of dollars are at stake in England, while American soccer has earned a new $100 million pledge. Malcolm Glazer, owner of the Tampa Bay Buccaneers, is reportedly at the helm of a $1.2 billion...
AIRLINE INDUSTRY INFORMATION-C1997-2006 M2 COMMUNICATIONS LTD A group consisting of some Delta Air Lines bondholders has reportedly started organising informally to support US Airways' takeover bid. Some bondholders are supportive of the USD8.78bn takeover offer, according to a source close to the matter quoted by Reuters. The...
LONDON AFP ? A takeover bid for Aston Villa has failed after one of the interested parties decided to pull out of the deal for the Premiership side. The BBC reported Tuesday that retail entrepreneur Richard Thompson said he would not pursue the bid, which also involved former Manchester...
Byline: James Hall Nov 27, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Qantas chairman, Margaret Jackson, says the airline will not adjust its strategy in the face of a takeover bid. Specifically, Jackson has stated that there are...
SPOKANE, Wash.--BUSINESS WIRE--April 10, 1995--Pegasus Gold Inc. (PGU-AMEX;TSE:ME) announced today, in Australia, a takeover bid for the remaining 42 percent of the shares of Zapopan N.L. which the Company does not currently own at a price of A$2.00 (US$1.47) cash for each ordinary share of Zapopan."Now that Pegasus has received...
MADRID AFP — The German company E.ON submitted a takeover bid for Spanish major Endesa for approval to a public energy authority whose powers have been enhanced to protect the country's energy sector. The application was the first time a foreign company had sought an opinion from Spain's National...
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...
LONDON AFP — American multi-millionaire Malcolm Glazer is poised to launch a takeover bid for English football giants Manchester United, press reports said. The 75-year-old businessman, who already owns the Tampa Bay Buccaneers American Football franchise, currently holds a 19.2 percent stake in the club. Glazer has not...
STOCKHOLM AFP — The board of Swedish insurer Skandia, the target of a takeover bid by British-listed Old Mutual, said that it was recommending shareholders reject the offer which is now hostile. "Skandia's board is of the opinion that the offer is not attractive for Skandia's shareholders," the company...
Energy Partners Ltd. shareholders overwhelmingly rejected a takeover bid Sept. 28 from Woodside Petroleum, Australia's largest oil and gas exploration company.
NEW YORK AFP — The Nasdaq stock market raised the stakes in its takeover bid for the London Stock Exchange saying it had obtained financing of 5.1 billion dollars to boost its stake in the London exchange. The technology-weighted Nasdaq market announced a renewed takeover bid for the London exchange...
DALLAS AP -- A media report of a possible takeover bid pushed up shares of American Airlines' parent on Friday, but analysts raised doubts that private investors would pursue control of AMR Corp. Business Week reported in its Feb. 26 issue that a group including Goldman Sachs and...
STOCKHOLM AFP — Swedish insurer Skandia's board of directors has voted to reject any takeover bid by British financial services groups Old Mutual, a Swedish newspaper reported. Although divided on the question, the board late on Sunday concluded that Old Mutual was not offering enough for their company, the...
JOHANNESBURG AFP — South African mining group Harmony said it had received 10.8 percent of outstanding Gold Fields shares in a hostile takeover bid to create the world's largest gold producer. The announcement was the first indication of how Gold Fields shareholders view the multi-billion-dollar unfriendly takeover bid launched...
Byline: Blair Speedy Jan 22, 2006 (The Australian - ABIX via COMTEX) -- Toll Holdings has extended its takeover bid for Patrick Corporation until 13 February 2006. This is...
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