© Reuters. Britain’s Business Secretary Andrea Leadsom is seen outside Downing Street in London LONDON (Reuters) – Britain has approved Advent International’s $5 billion purchase of defense company Cobham (L:) after the U.S. private equity group made commitments to address national security concerns. Business minister Andrea Leadsom had put theRead More →
HP Inc. again rejected acquisition overtures from Xerox Corp. on Sunday, in a sharply worded letter that questioned the copier company’s ability to raise enough cash and its future viability. In a letter to Xerox Chief Executive John Visentin, HP CEO Enrique Lores and Chairman Chip Bergh, on behalf ofRead More →
© Reuters. Lloyds Wins Suit Over HBOS Takeover During Credit Crunch (Bloomberg) — Lloyds Banking Group PLC (LON:) won a landmark London lawsuit Friday over its decision to take over the ailing HBOS Plc a decade ago — a turbulent chapter that “deeply troubled” senior executives and ultimately contributed toRead More →
Xerox Holdings Corp. has set its sights on a takeover of personal-computer and printer maker HP Inc., an audacious move that would unite two fading stars of technology. Xerox XRX, +4.90% is considering making a cash-and-stock offer for HP HPQ, +2.22% , which has a market value of aboutRead More →
© Reuters. Investing.com – Luxury goods makeres were higher in midday trade on Monday after LVMH’s surprise bid for Tiffany & Co (NYSE:) sparked speculation of consolidation in the sector. LVMH (PA:) made an unsolicited offer of $120 per share for the luxury jewelry retailer, which Tiffany’s says it isRead More →
© Reuters. Investing.com – Shares of the Hong Kong Exchanges and Clearing Limited (HKEX) fell after the bourse made a surprise takeover bid for the London Stock Exchange Group. The proposed takeover approach is worth 31.6 billion pound ($38.97 billion) and will consist of both cash and newly issued HKEXRead More →
© Reuters. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong HONG KONG (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEX) (HK:) shares fell more than 3% on Thursday after the bourse unveiled a $39 billion takeover approach toRead More →
Aram Sinnreich recently went grocery shopping at a Whole Foods Market in his hometown of Washington, D.C., and realized he had left his wallet at home. He had no cards and no cash, but he had no reason to worry — at least, not about paying for his food. “IRead More →
ZURICH (Reuters) – Roche Holding (S:) and Spark Therapeutics (O:) announced on Tuesday another extension of the Swiss drugmaker’s $4.3 billion takeover offer for the U.S. gene therapy specialist as regulatory reviews continue. The offer for Spark shares now runs to Oct. 1, Roche said. Around 24.1% of Spark’s outstandingRead More →
© Reuters. FILE PHOTO: Logo of lamp manufacturer Osram is pictured during opening of ‘World of light’ showroom in Munich By Kirsti Knolle VIENNA (Reuters) – Osram (DE:) said on Monday it would consider a takeover by Austrian sensor maker AMS (S:) that trumps a competing bid by Bain andRead More →
ZURICH (Reuters) – Swiss drugmaker Roche (S:) has agreed to extend the takeover deadline in its $4.3 billion bid for U.S. gene therapy specialist Spark Therapeutics (O:), adding it remains “fully committed” to the transaction and expects it to close this year. The new deadline for both companies to extendRead More →
© Reuters. Syngenta logo is seen at its China headquarters in Beijing ZURICH (Reuters) – Beijing’s ambassador to Switzerland said ChemChina’s $43 billion takeover of seed and agrochemicals firm Syngenta was a mistake, adding he would have tried to stop the 2017 deal had he been in Bern at theRead More →
© Reuters. Takeover of little-known Baoshang casts doubt over other small Chinese banks By Ryan Woo and Cheng Leng BEIJING (Reuters) – A rare government takeover of a little-known Chinese bank has revived concerns about the true health of hundreds of small lenders in the country as a slowing economyRead More →
Gannett Co. is poised to retain control of its entire board in a proxy fight with a hedge-fund-backed rival that made a hostile bid for the USA Today owner, according to people familiar with the matter. Based on the shareholder votes that have been cast so far, Gannett’s GCI, +1.60%Read More →
© Reuters. FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena By Arno Schuetze and Pamela Barbaglia FRANKFURT/LONDON (Reuters) – UniCredit (MI:) has stepped up preparations for a potential bid for Germany’s Commerzbank (DE:) by hiring investment bankers, including a former top German official, threeRead More →
© Reuters. The logo of French defence and electronics group Thales is seen at the company’s headquarters in Merignac near Bordeaux PARIS (Reuters) – French aerospace and defense electronics group Thales said it had completed its previously announced 4.8 billion euros ($5.4 billion) takeover of chipmaker Gemalto (AS:), boosting Thales’Read More →
© Reuters. Navient rejects $3.2 billion takeover bid from Canyon Capital and Platinum Equity By Liana B. Baker (Reuters) – Student-loan servicer Navient Corp has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company. Navient’s board voted on Monday to reject theRead More →
© Reuters. FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX in Frankfurt BERLIN (Reuters) – Both Deutsche Bank (DE:) and Commerzbank (DE:) have fairly low stock values which naturally exposes them to possible takeovers from bigger financial institutions, GermanRead More →
© Reuters. FILE PHOTO: Sears headquarters in Hoffman Estates Illinois. By Jessica DiNapoli and Mike Spector NEW YORK (Reuters) – Negotiations between Sears Holdings Corp Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund manager faced the choiceRead More →
Gannett Inc. has been pursuing a purchase of digital publisher Gizmodo Media Group, according to people familiar with the matter, an effort that could be complicated by the takeover approach the USA Today owner received this week from a hedge fund-backed rival. Gannett GCI, -3.55% is one of a fewRead More →
Ophir Energy OPHR, +32.56% became the second London-listed mid-cap oil-and-gas company to attract a suitor in recent weeks after it said it is in talks with Indonesia’s Medco Energi MEDC, -0.72% about a potential all-cash takeover bid which could create a southeast Asian upstream powerhouse. The news sent sharesRead More →
