Takeover Bids
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DUBLIN, June 18- U.S.-based Royalty Pharma has dropped a hostile bid worth up to $8 billion for Elan, leaving the Irish drugmaker free to seek other suitors having put itself up for sale last week.
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Robert Kindler, Morgan Stanley vice chairman, explains why the market likes strategic deals and provides an overview of what's driving M&A activity and the prospects for the future.
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*Liberty Global has bought UK's Virgin Media, Dutch stake. LONDON, June 18- Vodafone faces a battle for Germany's largest cable company, Kabel Deutschland, although rival bidder Liberty Global of the United States has bigger regulatory and funding hurdles to overcome.
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CNBC's Tokyo bureau chief Kaori Enjoji reports on the latest development of U.S. hedge fund Third Point's interest in Japanese consumer electronics giant Sony.
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CNBC's David Faber has the latest details on consolidation rumors in the cable industry.
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CNBC's David Faber reports Elan has decided to proceed with a formal sale process in response to recent interest.
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CNBC's David Faber reports 70 percent of Elan shareholders have voted on the four resolutions and have until 3pm today to change their vote.
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Shares of Health Management Associates Inc. jumped Wednesday, a day after the hospital operator's largest shareholder urged it to ease a "poison pill" shareholder rights plan designed to prevent hostile takeover attempts.
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June 11- Dole Food Co Inc, one of the world's largest producers and marketers of fruit and fresh vegetables, received an unsolicited buyout offer from 90- year-old Chief Executive David Murdock, valuing the company at just over $1 billion.
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June 11- Dole Food Co Inc, one of the world's largest producers and marketers of fruit and fresh vegetables, received an unsolicited buyout offer from Chief Executive David Murdock valuing the company at just over $1 billion.
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The LongRiver consortium- made up of a Kuwaiti sovereign wealth fund, Britain's Universities Superannuation Scheme and Borealis Infrastructure, part of Canadian pension fund OMERS- made a raised 2,200 pence per share cash offer for the water utility on Friday.
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LONDON, June 9- British water firm Severn Trent has rejected a raised $8.2 billion takeover bid, with a deadline for the suitors to make a formal offer fast approaching.
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Chinese information technology company iSoftStone Holdings Ltd. said Thursday that it received a takeover bid from a group of investors that includes its current CEO.
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OSLO, June 5- Fish farmer Marine Harvest has eased the conditions of its hostile $1.7 billion bid for rival Cermaq, signalling it would take a minority stake if it is unable to win over a majority of shareholders.
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*Dish advanced in due diligence on Sprint- sources. *Clearwire shares down 2.5 pct; Sprint, Dish edge higher. NEW YORK, June 4- Sprint Nextel Corp shareholders should not vote on SoftBank Corp's takeover bid on June 12 as Dish Network's rival $25.5 billion offer was still being reviewed, proxy advisory firm Glass Lewis said on Tuesday.
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NEW YORK, June 4- Sprint Nextel Corp shareholders should not vote on SoftBank Corp's takeover bid on June 12 while Dish Network's rival $25.5 billion offer was still being reviewed, proxy advisory firm Glass Lewis said on Tuesday.
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June 4- Dish Network said Tuesday its takeover bid for Clearwire Corp complies with the law and the wireless service provider's agreements with shareholders, dismissing Sprint Nextel Corp's claim to the contrary as "incorrect and misleading."
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*SEC fraud case relates to Abacus CDO involving Paulson. *Goldman settled with SEC for $550 mln. District Judge Katherine Forrest in Manhattan on Tuesday rejected Tourre's argument that a 2010 U.S. Supreme Court decision limiting the reach of U.S. securities laws required the SEC to narrow its case.
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SYDNEY, June 4- Australian surfwear company Billabong International Ltd issued its third profit warning in six months as it revealed on Tuesday that potential takeover suitors had walked away from a deal.
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SYDNEY, June 4- Shares in Australian surfwear company Billabong International Ltd plummeted as much as 58 percent on Tuesday after it said it had ended takeover talks with two potential suitors. Billabong also warned that its full-year profit would sink below previous guidance, and said it was now discussing refinancing options with the two consortiums.
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