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Takeover Bids

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  • *Euro zone finance ministers put off Greece talks. *Chubb jumps after ACE's buyout offer. On Tuesday, Greece became the first advanced nation to default on an International Monetary Fund loan repayment.

  • US STOCKS-Wall St trims gains as Greece deal hopes fade Wednesday, 1 Jul 2015 | 1:56 PM ET

    *Chubb jumps after ACE's buyout offer. Stronger-than-expected jobs and construction data supported the market, as did a $28 billion offer from Swiss insurance giant ACE to buy upmarket property insurer Chubb. "There were hopes of a deal earlier in the morning and the hopes are literally taken off the table," said Adam Sarhan, chief executive of Sarhan Capital in...

  • *Shares surge 17 pct to A $7.77 but below bid price of A $9.05 Asciano's former parent, Toll Holdings, agreed to sale in Jan. SYDNEY, July 1- Canada's Brookfield Asset Management has approached Australia's Asciano Ltd with a $6.8 billion takeover bid, but uncertainty about whether the deal would go through capped gains in the stock price of the rail freight firm.

  • After months of wrangling and acrimony, the growing possibility that Athens could be forced out of the single currency brought into sharp focus the chaos that could be unleashed in Greece as well as the danger that would arise for the stability of the euro. "What would happen if Greece came out of the euro? There would be a negative message that euro membership is...

  • But Greek government sources said the leftist premier stood by his rejection of the creditors' conditions and Greece would default on a crucial repayment due to the International Monetary Fund on Tuesday, plunging it deeper into financial crisis. EU and Greek government sources said Jean-Claude Juncker had offered to convene an emergency meeting of euro...

  • MILPITAS, Calif.— Chipmaker Integrated Silicon Solution Inc. said Friday that its board has decided that Cypress Semiconductor Corp.' s revised buyout offer is not superior to the approximately $738.3 million deal it already has in place with Uphill Investment Co.. ISSI said that Cypress' offer was below the $23 per share that China- based Uphill Investment bid.

  • *K+ S shares leap 39 pct to over 40 euros. FRANKFURT, June 26- Shares in German potash producer K+ S leapt as much as 39 percent to over 40 euros in early trading on Friday after the company received a takeover proposal from larger Canadian fertilizer producer Potash Corp.. The sources said the proposal valued K+ S at just over 40 euros a share, a 38 percent premium to...

  • K+S shares spike after takeover offer from Potash Friday, 26 Jun 2015 | 3:09 AM ET

    FRANKFURT, June 26- Shares in German potash producer K+ S leapt 38 percent to 40 euros in early trading on Friday after the company received a takeover proposal from larger Canadian fertilizer producer Potash Corp.. Two sources close to the matter however, said late on Thursday that K+ S would likely reject the 7 billion euro takeover offer as being too low.

  • June 25- German potash producer K+ S said on Thursday it has received a takeover proposal from larger Canadian rival Potash Corp of Saskatchewan Inc, starting a new takeover saga in the fertilizer industry. Potash Corp would not comment. In 2010, Potash Corp itself was the target of a $39 billion hostile bid from global mining giant BHP Billiton.

  • FRANKFURT, June 25- Potash Corporation of Saskatchewan Inc is eyeing German peer K+ S for a possible takeover bid, German newspaper Handelsblatt reported on Thursday, citing financial sources. Canada's Potash Corp could offer 40 euros per share, which would value K+ S at more than 7 billion euros, Handelsblatt wrote in a pre-release of a story to be published on...

  • Altice defends 10 bln euro Bouygues Telecom bid Thursday, 25 Jun 2015 | 1:37 PM ET

    PARIS, June 25- European telecoms group Altice defended the terms of its bid for Bouygues Telecom and confirmed it had valued the French mobile operator at "a minimum of 10 billion euros." An Altice statement said it had provided employment guarantees to the French government and to the Bouygues group, which rejected the offer for its telecoms unit earlier this...

  • Cypress raises offer for chipmaker ISSI in bidding war Thursday, 25 Jun 2015 | 7:28 AM ET

    NEW YORK— Cypress Semiconductor Corp. raised its takeover offer for the chipmaker Integrated Silicon Solution Inc., as it continues its bidding war with China's Uphill Investment Co.. Shares of San Jose, California- based Cypress Semiconductor fell 32 cents to close at $12.36 on Wednesday. Shares of Milpitas, California- based Integrated Silicon Solution...

  • *Enel does not comment, had said would not cut Endesa stake. MADRID/ LONDON/ MILAN, June 25- Private equity funds CVC and KKR are studying a bid for a "meaningful" stake in Endesa, the Spanish subsidiary of Italy energy group Enel, sources with knowledge of the matter said. Enel declined to comment but sources close to the company said it had no interest in selling part or...

  • HOUSTON, June 23- Williams Companies Inc has spurned Energy Transfer Equity's $48 billion takeover offer for now but a tie-up would give the company a dominant position in the fastest-growing natural gas market in the United States: the Northeast's Marcellus Shale. The deal, which would be one of the largest pipeline acquisitions ever, also would give Energy...

  • *Bouygues board to meet at 1600 GMT Tuesday- source. Patrick Drahi, the billionaire backer of Altice, the majority owner of France's second-biggest telecom operator Numericable-SFR, wants to buy smaller rival Bouygues Telecom as part of a deal-making spree that has seen him buy four companies in the past 18 months. Sources earlier told Reuters his bid valued...

  • *Telecoms outperform after Bouygues approach. LONDON, June 22- European shares surged to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors. The telecoms sector outperformed the broader market after a takeover bid for France's Bouygues Telecom...

  • *Telecoms outperform after Bouygues approach. LONDON, June 22- European shares surged to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors. The telecoms sector outperformed the broader market after a takeover bid for France's Bouygues Telecom...

  • *Telecoms outperform after Bouygues approach. LONDON, June 22- European shares climbed to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors. The telecoms sector outperformed the broader market after a takeover bid for France's Bouygues Telecom...

  • June 22- Ferrero, the maker of Nutella spread, has offered to buy British chocolate company Thorntons Plc for 112 million pounds, a rare acquisition by the Italian group. It marks the first move by the maker of Ferrero Rocher pralines since the death of its patriarch Michele Ferrero earlier this year. The company, a familiar name in Britain, has been struggling in...

  • NEW YORK, June 19- Shares of mall operator Macerich Co fell as much as 7.3 percent on Friday on reports rival Simon Property Group Inc was selling a 3.6 percent stake, months after its failed takeover bid. The shares had been offered in a range of $80.50 to $81 a share, lower than Macerich's close of $82.45 a share on Thursday, sources said. Simon in March offered $95.50 a...