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Takeover Bids

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  • NEW YORK— U.S. stocks are closing lower as health care companies weigh on the market and investors await a flood of earnings reports. Stocks appeared headed for new highs in the morning Monday, but then drifted lower, led by declines in health care. Mylan, a maker of generic drugs, slumped nearly 6 percent, after rejecting a $40 billion buyout offer from Teva...

  • LONDON, April 27- Britain's warning to potential suitors of BP is a sign of the oil major's vulnerability to a takeover bid and that a more politically palatable tie-up with Royal Dutch Shell no longer seems to be an option, banking and industry sources said. Despite championing a laissez-faire policy towards takeover deals, Britain has always had a special...

  • April 27- Mylan NV rejected Teva Pharmaceutical Industries Ltd's unsolicited $40 billion takeover offer on Monday, saying it was too low and calling Teva stock an "unacceptable" currency. Mylan, which is pursuing its own takeover of Perrigo Co Plc, had been expected to reject the offer after having indicated that such a combination would not be a good fit.

  • April 27- Mylan NV rejected Teva Pharmaceutical Industries Ltd's unsolicited $40 billion takeover offer on Monday, but left the door open for talks. Mylan also said it remained committed to its offer for Perrigo Co Plc. Last week, Mylan said it would take its $31 billion offer for Perrigo directly to shareholders, in what is set to be one of the most high-profile...

  • Mylan rejects Teva's $40.1 billion buyout offer Monday, 27 Apr 2015 | 9:58 AM ET

    NEW YORK— Mylan N.V. rejected Teva Pharmaceuticals' $40.1 billion buyout offer, saying the cash-and-stock proposal undervalues the company. Mylan is trying to buy Perrigo Co. of Ireland for about $30 billion in cash and stock, combining its own generic drug business with Perrigo's position in over-the-counter medications and other nonprescription...

  • Mylan rejects Teva's $40 bln offer Monday, 27 Apr 2015 | 9:31 AM ET

    April 27- Mylan NV rejected Teva Pharmaceutical Industries Ltd's unsolicited $40 billion takeover offer, saying it "grossly undervalues" the company.

  • *Applied Materials, Tokyo Electron announce buybacks. TOKYO, April 27- U.S. firm Applied Materials Inc on Monday scrapped its $10 billion planned takeover of chip-making gear rival Tokyo Electron Ltd after the deal, a rare foreign bid for a Japanese firm, ran afoul of U.S. anti-trust regulators. Tokyo Electron said both companies gave up on the deal after more than...

  • NEW YORK, April 24- Teva Pharmaceutical Industries' bid for Mylan NV would create a company controlling nearly 25 percent of the U.S. generics market, including drugs in short supply, according to industry experts and a Reuters review of regulatory filings. It is also pursuing a hostile takeover of drugmaker Perrigo Co Plc. Teva has already looked at the...

  • NEW YORK— Generic drugmaker Mylan is making official its offer for over-the-counter medicines maker Perrigo as it remains at the center of a three-way battle: Mylan wants to buy Perrigo, while a larger rival wants to buy Mylan. Perrigo has already rejected Mylan's offer and reiterated Friday it feels the bid, worth more than $30 billion, is too low.

  • NEW YORK— Over-the-counter medicines maker Perrigo said Tuesday it is turning down a buyout offer from generic drugmaker Mylan that valued the company at $205 per share, or almost $29 billion, because it's too low. Perrigo said that Mylan's offer undervalues its business, including its product pipeline and its recent purchase of Belgium's Omega Pharma, one of...

  • April 21- Perrigo Company PLC is set to reject a $29 billion unsolicited takeover offer from generics drugmaker Mylan NV as soon as this week, according to a source familiar with the matter. Teva said that its offer for Mylan is contingent on the company not completing an acquisition of Perrigo or any alternative transaction. Representatives from Perrigo and...

  • *Bid seen coinciding with Pininfarina shareholder meeting-sources. MILAN, April 20- Indian vehicle maker Mahindra& Mahindra aims to present a formal offer for Pininfarina in time for the Italian car designer's shareholder meeting on April 29, two sources with knowledge of the matter said. Debt-laden Pininfarina, which has a market value of 162 million euros,...

  • LONDON, April 14- European share markets touched a 14- year high on Tuesday, supported by takeover talks between telecoms equipment firms Nokia and Alcatel Lucent, while a shifting global monetary policy outlook weighed on the euro. The talks between Finland's Nokia and its French rival Alcatel, which could create a group worth over 40 billion euros, came as a...

  • Nokia-Alcatel talks lift European shares to new highs Tuesday, 14 Apr 2015 | 4:14 AM ET

    *Alcatel up 10.7 pct as Nokia enters takeover talks. LONDON, April 14- European shares edged higher on Tuesday, supported by mergers and acquisitions activity in the telecoms equipment sector after Nokia entered talks to buy Alcatel Lucent. Alcatel-Lucent was up 10.7 percent while Nokia fell 7.4 percent.

  • April 13- Several shareholders of chipmaker Altera Corp, including Cadian Capital Management and TIG Advisors, have urged the company to resume takeover talks with Intel Corp, Bloomberg reported, citing people familiar with the matter. In letters to Altera's management, shareholders have raised concerns about the company's ability to create value on its own...

  • April 9- Takeover talks between Intel Corp and Altera Corp have broken off as the chipmakers could not come to an agreement on price, a person familiar with the matter said. Altera's shares fell as much as 8 percent to $38.67 in early trading, while Intel was down about 2 percent to $30.57. Intel and Altera did not immediately respond to requests for comment.

  • NEW YORK, April 8- Global equity markets rose on Wednesday, with European shares hitting eight-year highs on a $70 billion takeover bid by Royal Dutch Shell, but shares pared gains after the largest U.S. crude inventory build since 2001 slammed oil prices. Equity markets briefly sold off after U.S. Energy Information Administration data showed stockpiles of U.S....

  • *Canon says set to secure 76 percent of Axis. *Offer period extended to April 21. TOKYO, April 8- Canon Inc said it was extending the offer period for its proposed $2.7 billion takeover of Swedish video-surveillance firm Axis AB after falling short of its ownership goals, but stressed it would not be raising its bid.

  • April 2- Activist investor Jonathan Litt has nominated four directors to Macerich Co's board after the U.S. mall owner rejected a takeover bid from larger rival Simon Property Group Inc, a person familiar with the situation said. Shares of Macerich rose 2.6 percent to $80.76 in afternoon trading on Thursday. Litt objects to some of the defenses Macerich put up to...

  • *Bradken rejects cut-price offer, third in less than a year. SYDNEY, April 2- Koch Industries Inc and Pacific Equity Partners have made a $325 million approach for Australia's Bradken Ltd- half the price of bids it received last year and one that was summarily knocked back by the mining equipment maker. Bradken said the proposal did not represent fair value and it...