The offer is expected to be less than $135 per Time Warner Cable share and will be a combination of cash and stock, said the source, who asked not to be named because the matter is not public. Shares of Time Warner Cable barely budged Friday afternoon, up 0.3 percent to $131.40.» Read More
Dec 5- Suit and tuxedo retailer Jos. A. Bank Clothiers Inc, the target of a takeover offer from bigger rival Men's Wearhouse Inc, reported a 2 percent rise in quarterly profit as new promotions boosted total sales. Men's Wearhouse last month bid $1.5 billion for the company after Jos. A. Bank withdrew an offer to buy Men's Wearhouse.
NEW YORK-- NEWS: Aeropostale Inc. swung to a loss in the third quarter as the teen retailer aggressively discounted to pull in shoppers. DETAILS: The results come after Aeropostale announced last week that it was adopting a poison pill to help it ward off any potential hostile takeover attempts.
*Bidvest, CIH offer to raise Adcock stake to up to 34.5 pct. JOHANNESBURG, Dec 2- A Chilean group's $1.2 billion bid for South African drugmaker Adcock Ingram was challenged on two fronts on Monday, as a group led by Bidvest sought nearly a third of Adcock's shares and launched a court action against the bid.
*Move puts Saputo offer on ice for up to two months. SYDNEY, Nov 29- The three-way battle for Australia's oldest dairy firm took a fresh twist on Friday when a regulator temporarily stopped Canadian suitor Saputo Inc from processing acceptances for an offer that has the backing of the target's board.
Australian Treasurer Joe Hockey will allow Archer Daniel Midland to lift its stake in Graincorp to 24.9 percent. CNBC's Matthew Taylor reports.
*New bid trumps Saputo but analysts say not a knockout blow. SYDNEY, Nov 28- Murray Goulburn Co-operative Co Ltd piled pressure on Canada's Saputo Inc in the race for control of key Australian dairy exports with a fresh A $530 million cash offer on Thursday for Warrnambool Cheese and Butter Factory Co..
SYDNEY, Nov 27- Murray Goulburn Co-operative Co Ltd appealed to takeover regulators on Wednesday to block a revised bid from Saputo Inc for Australia's oldest dairy maker, as it seeks time for its own offer to win approval from a competition watchdog.
*Bid at 27 percent premium to Algeta share price at Monday's close. *Algeta shares rise above Bayer offer price in early trade. OSLO/ LONDON, Nov 26- Bayer has offered to pay $2.4 billion for Norway's Algeta, its partner for a new prostate cancer treatment, at a 27 percent premium to the stock's last close, Algeta said on Tuesday.
Nov 26- Men's Wearhouse Inc offered to buy fellow retailer Jos. A. Bank Clothiers Inc for $1.5 billion, less than two weeks after Jos. Men's Wearhouse offered $55 per share in cash to acquire Jos. Shares of Men's Wearhouse rose 5 percent.
*Bid at 27 percent premium to Algeta share price at Monday's close. *Algeta shares rise above Bayer offer price in early trade. OSLO/ LONDON, Nov 26- Bayer has offered to pay $2.4 billion for Norway's Algeta, its partner for a new prostrate cancer treatment, a 27 percent premium to the stock's last close, Algeta said on Tuesday.
*Bid at 27 pct premium to Algeta's last close. *Bayer, Algeta jointly develop prostate cancer drug. OSLO, Nov 26- German pharmaceutical group Bayer has offered to buy Norway's Algeta, its partner for a new prostrate cancer treatment, for $2.4 billion, a 27 percent premium to the stock's last close, Algeta said on Tuesday.
Bega and rival bidder Murray Goulburn Co-operative Ltd are considering taking the battle for Warrnambool to the Takeover Panel in the wake of a revised bid by Saputo Inc.. Saputo declared its A $505 million bid for Warrnambool unconditional on Monday and said it would hike its offer if it won control of Australia's oldest dairy maker.
Nov 25- Chinese online game developer Giant Interactive Group Inc received a go-private offer from Chairman Yuzhu Shi and an affiliate of Baring Private Equity Asia, valuing the company at about $2.8 billion. Giant Interactive's shares were up 13.5 percent at $11.50 before the bell on Monday.
Nov 25- Chinese online game developer Giant Interactive Group Inc said it received a non-binding proposal from its chairman Yuzhu Shi and an affiliate of Baring Private Equity Asia to take the company private for $11.75 per American Depositary Share.
*Saputo will pay A $9.20/ shr if gets acceptances for more than 50 pct. *Warrnambool board backs Saputo over Murray Goulburn, Bega bids. SYDNEY, Nov 25- Canada's Saputo Inc declared its A $505 million bid for Warrnambool Cheese and Butter Factory Co unconditional on Monday and said it would hike its offer if it won control of Australia's oldest dairy maker.
*Possible compromise on Iran's claimed "right to enrich" uranium. Secretary of State John Kerry will join talks on Iran's nuclear programme in Geneva on Saturday, as Tehran and six world powers appeared to be on the verge of an elusive breakthrough in the decade-old dispute.
NEW YORK, Nov 22- Two traders have won the dismissal of a U.S. Securities and Exchange Commission lawsuit accusing them of insider trading in Onyx Pharmaceuticals Inc as the company considered a takeover bid from rival Amgen Inc.
*Russia's Lavrov in Geneva to join talks; Kerry to come too. Secretary of State John Kerry will travel to Geneva to join talks on Iran's nuclear programme, the State Department said on Friday, as Tehran and six world powers appeared closer to clinching an elusive breakthrough.
Activist investor Carl Icahn reported a 12.63 stake in medical device maker Hologic, prompting the company to seek protection from a hostile takeover
SYDNEY, Nov 19- Australian real estate trust Commonwealth Property Office Fund said on Tuesday it is considering a A $2.99 billion takeover bid from property investor The GPT Group.