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Takeover Bids

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  • DUBLIN— Aer Lingus board backs takeover bid by British Airways parent, needs Irish government support.

  • Aer Lingus recommends $1.5 bln offer from BA-owner IAG Tuesday, 27 Jan 2015 | 2:13 AM ET

    DUBLIN, Jan 27- Aer Lingus's board has recommended an improved 1.36 billion-euro takeover offer from International Consolidated Airlines Group, the Irish airline said on Tuesday. The new proposal by the owner of British Airways, its third in six weeks, is worth 2.55 euros per share, up from a previous 2.40 euros, and includes a cash offer of 2.50 per euros share and a...

  • DUBLIN— Aer Lingus announced Monday that British Airways parent IAG has made an improved takeover offer of 2.55 euros per share, and the board of the Irish airline says it is considering the proposal. Instead, Aer Lingus said acceptance of IAG's all-cash offer would require "irrevocable commitments" from the two biggest shareholders: rival budget carrier...

  • DUBLIN— Officials say the parent company of British Airways has made a third, improved takeover approach to Irish airline Aer Lingus and an announcement of the offer is expected Monday. Over the past month Aer Lingus has rejected two lower-priced proposals from IAG, created in 2009 by the merger of British Airways and the Spanish airline Iberia.

  • Family Dollar shareholders approve Dollar Tree takeover Thursday, 22 Jan 2015 | 11:09 AM ET

    Family Dollar shareholders voted on Thursday to approve a takeover bid by rival Dollar Tree, despite higher competing offers from Dollar General. Dollar General's pursuit of Family Dollar is now likely finished. Family Dollar said it rejected Dollar General's bids because it expected that it would be harder to get regulatory approval for the deal even...

  • Takeover talks between Express, Sycamore Partners end Tuesday, 20 Jan 2015 | 8:29 AM ET

    NEW YORK— Takeover talks between retailer Express and private equity firm Sycamore Partners have ended, the companies said Tuesday. In June Express Inc. announced that it had been approached by New York- based Sycamore Partners about a potential deal. The companies said Tuesday that Sycamore Partners has agreed to certain restrictions, including waiting...

  • A bid for Blackberry?  Thursday, 15 Jan 2015 | 6:22 AM ET

    Anil Doradla, William Blair & Company, shares his views on the smartphone maker's future after reports rise Samsung could be making a bid for the company.

  • Why a Samsung takeover of Blackberry could make sense Thursday, 15 Jan 2015 | 4:57 AM ET

    SEOUL, South Korea— Samsung and Blackberry have splashed frigid water on a report that Samsung wants to make a $7.5 billion takeover offer for the struggling Canadian device maker. Once strong in mobile devices, Blackberry is now an also ran, overtaken by the touchscreen offerings of Apple and Samsung. One drawback of KNOX for Samsung is that it is based on...

  • Verizon CEO on AOL: Not in acquisition talks  Tuesday, 6 Jan 2015 | 11:22 AM ET

    Verizon CEO Lowell McAdam states AOL and other media companies are potential partners, but they are not in significant acquisition talks with AOL. CNBC's David Faber reports.

  • Faber Report: Verizon-AOL logic  Tuesday, 6 Jan 2015 | 9:35 AM ET

    CNBC's David Faber reports Verizon has approached AOL about a potential joint venture or takeover.

  • Club Med set to back Chinese bid this week Monday, 5 Jan 2015 | 2:37 AM ET
    Club Med in Grecolimano, Greece

    Club Mediterrannee is expected to back an offer from a consortium led by Chinese billionaire Guo Guangchang, after a rival declined to raise his offer.

  • Club Med set to back Chinese bid this week Sunday, 4 Jan 2015 | 12:00 PM ET

    PARIS, Jan 4- French holiday company Club Mediterrannee is expected to back an offer from a consortium led by Chinese billionaire Guo Guangchang this week after Italian rival bidder Andrea Bonomi declined to raise his offer on Friday. Guo, whom Forbes estimates has a net worth of about $4.3 billion, has described Club Med as an ideal investment to tap booming...

  • Jan 2- Chinese online game developer Perfect World Co Ltd said it received a go-private proposal from founder and Chairman Michael Yufeng Chi at $20 per ADS, valuing the company at nearly $1 billion. The offer represents a premium of 27 percent to Perfect World's closing price on the Nasdaq on Wednesday. Perfect World, which makes online multiplayer games such as "...

  • 3 hedge fund predictions for 2015  Wednesday, 31 Dec 2014 | 10:43 AM ET

    CNBC's Kate Kelly reveals what investors can expect from hedge funds and activists in 2015.

  • NEW YORK, Dec 30- A federal judge has rejected Wachtell, Lipton, Rosen& Katz's bid to dismiss CVR Energy Inc's lawsuit accusing the prominent New York law firm of malpractice in advising on a 2012 hostile takeover of the oil refiner by billionaire Carl Icahn. District Judge Richard Sullivan in Manhattan declined to end the federal case even though a New York state...

  • Smith & Nephew outperforms sluggish European markets Wednesday, 24 Dec 2014 | 8:43 AM ET

    *UK's FTSE 100 rises 0.2 pct to 6,609.93 points. The 7.7 percent jump in Smith& Nephew, after Bloomberg News reported U.S. rival Stryker was planning a takeover offer for it, allowed Britain's blue-chip FTSE 100 index to end 0.2 percent higher at 6,609.93 points. France's CAC ended down 0.4 percent as data showing another set of record unemployment figures in...

  • UPDATE 1-Dos Santos withdraws bid for Portugal Telecom Tuesday, 23 Dec 2014 | 1:57 PM ET

    LISBON, Dec 23- Angolan billionaire businesswoman Isabel dos Santos has dropped her 1.2 billion-euro bid for Portugal Telecom SGPS which threatened to block the sale of PT's former domestic business PT Portugal by Brazilian affiliate Oi to rival telecoms group Altice. Terra Peregrin launched the 1.35 euro a share offer last month seeking to block the sale of...

  • *Nutreco falls as Cargill drops takeover bid. *FTSE up but pares gains as UK external deficit rises. Dutch animal feed company Nutreco also fell, sliding 5 percent after U.S. commodities company Cargill said it was dropping a bid for Nutreco.

  • *Shares in Nutreco fall 5 pct as Cargill drops takeover bid. Shares in Dutch animal feed company Nutreco bucked the trend, falling 5 percent after U.S. commodities company Cargill said it was dropping its takeover bid. Around Europe, Britain's FTSE 100 index was up 0.6 percent, Germany's DAX index up 0.3 percent and France's CAC 40 up 0.5 percent.

  • American Apparel's shares rose 8.4 percent to $1.16 in early trading on Monday. American Apparel Inc announced on Sunday it had adopted a new, one-year "poison pill" takeover defence with a 10 percent trigger but said this was not meant to deter bidders. "The board implemented the rights plan as an additional means to ensure that all American Apparel stockholders...