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Takeover Bids

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  • 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....

  • Family Dollar beats 2Q profit forecasts Wednesday, 8 Apr 2015 | 8:06 AM ET

    MATTHEWS, N.C.— Family Dollar, which is in the process of being bought by rival Dollar Tree Inc., reported a 16 percent drop in its fiscal second-quarter net income as severe winter weather hurt sales. In January, Family Dollar's shareholders approved Dollar Tree's $8.5 billion takeover bid, despite higher competing offers from Dollar General Corp. On Tuesday,...

  • *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...

  • Bradken says proposal does not represent fair value. SYDNEY, April 2- Koch Industries Inc and Pacific Equity Partners have made a takeover approach to Bradken Ltd valuing the Australian mining products firm at A $430 million. Bradken shares jumped 21 percent on Thursday as rumors of a fresh bid circulated before Bradken requested a trading halt in mid-session.

  • STOCKHOLM/ TOKYO, March 31- Hedge fund Elliott Management has raised its stake in surveillance camera maker Axis AB, a disclosure notice showed, possibly putting pressure on Japan's Canon Inc to sweeten its 23.6 billion crown takeover bid. Canon, the world's leading camera maker, in February launched a friendly offer to buy Axis shares to expand in the...

  • ZURICH, March 25- Swiss bank Vontobel said it had the firepower for more deals, after agreeing to buy a majority stake in Britain's TwentyFour Asset Management and announcing takeover talks for a German-based asset manager. Zurich- based Vontobel has been restrained in acquisitions since buying Commerzbank's Swiss arm in 2009, despite stressing it has the...

  • *Pirelli rises after takeover bid from ChemChina. LONDON, March 23- European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits. Traders said that lingering uncertainty over Greece was also pegging back European stock markets.

  • Pirelli rises after takeover bid from ChemChina. Shares in Pirelli outperformed, rising 2.5 percent after China National Chemical Corp agreed to buy the Italian tire maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest tire maker and one of the...

  • European shares slip from 7-1/2 year high Monday, 23 Mar 2015 | 5:06 AM ET

    *Pirelli rises after takeover bid from ChemChina. PARIS, March 23- European shares slipped on Monday, taking a breather following recent sharp gains, while shares in Pirelli rose 3.5 percent after China National Chemical Corp agreed to buy the tyre maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned...

  • March 20- Simon Property Group Inc, the No.1 U.S. mall owner, raised its offer for Macerich Co three days after its smaller rival rejected its earlier offer, adopted a poison pill and changed board structure to prevent a hostile takeover. Simon Property raised on Friday its cash-and-stock offer for Macerich to $95.50 per share from $91.00. Simon Property said its...

  • March 20- Simon Property Group Inc, the largest U.S. shopping mall owner, raised its offer for smaller rival Macerich Co to $95.50 per share in cash and stock. Macerich rejected on Tuesday Simon Property's earlier offer of $91 per share and adopted a poison pill to prevent a hostile takeover. Simon Property said on Friday that the offer, which has an enterprise value...

  • MILAN, March 19- Shares in Pirelli jumped as much as 5 percent on Thursday after an Italian daily said the tyre maker was working on a revamp plan that includes taking an Asian partner, the launch of a buyout offer and the de-listing of the group. According to Corriere della Sera, Pirelli Chairman Marco Tronchetti Provera wants to bring on board an Asian shareholder...

  • March 17- Macerich Co, the third-largest U.S. shopping mall owner, rejected a $14.39 billion unsolicited offer from larger rival Simon Property Group Inc, saying the offer "substantially undervalues" the company. Macerich also adopted a poison pill, or a shareholder rights plan, with a 10 percent trigger and changed its board structure to thwart a hostile...

  • Earnings support European shares near seven-year highs Thursday, 12 Mar 2015 | 1:32 PM ET

    PARIS/ LONDON, March 12- European shares held near fresh seven-year highs hit on Thursday, weighed down by Sabadell after it made a bid for TSB, although better than expected earnings reports supported the market. Spain's Banco de Sabadell fell 6.6 percent after making a takeover bid that valued British bank TSB at around $2.6 billion. But they have to set aside the...

  • Earnings help European shares edge higher to extend rally Thursday, 12 Mar 2015 | 11:30 AM ET

    PARIS/ LONDON, March 12- European shares held near fresh seven-year highs hit on Thursday, weighed down by Sabadell after it made a bid for TSB, although better than expected earnings reports supported the market. Spain's Banco de Sabadell fell 6.1 percent after making a takeover bid that valued British bank TSB at around $2.6 billion. But they have to set aside the...

  • *Offer values TSB at 340 pence per share. LONDON, March 12- British challenger bank TSB has received a takeover approach from Banco Sabadell, valuing the business at about $2.6 billion and sending its shares soaring by nearly a quarter. Sabadell, Spain's fifth-biggest bank, has made a proposal of 340 pence in cash for each TSB share, subject to reaching agreement on...

  • *Offer values TSB at 340 pence per share. LONDON, March 12- British challenger bank TSB has received a takeover approach from Banco Sabadell, valuing the business at about $2.6 billion and said it would be willing to recommend the offer to shareholders. TSB listed on the London Stock Exchange in June last year in an initial public offering which valued the business...

  • Endo sent email to Salix offering $165 share: Source   Wednesday, 11 Mar 2015 | 1:06 PM ET
    Endo sent email to Salix offering $165 share: Source

    Reports say Endo International is making a takeover offer for Salix Pharmaceuticals. CNBC's David Faber has the details.