*New offer of $17.25/ shr, higher than Kindred's $16/ shr bid. July 17- Gentiva Health Services Inc rejected Kindred Healthcare Inc's offer to buy a stake in the home healthcare services provider, and said it received a $634.2 million buyout offer from an unnamed party.» Read More
*Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 18.1 percent to $83.87 as the biggest boost to the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
*Murdoch may consider higher offer for Time Warner- sources. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday it had offered to buy Time Warner Inc, a move that would unite two of the world's most powerful media conglomerates, but Time Warner rebuffed its offer.
Investors drove up shares in Time Warner 17 percent on news that Twenty-First Century Fox made a takeover bid for the media giant. Momentum from Intel's strong second-quarter earnings late Tuesday and news that Apple and IBM are teaming up to sell more iPhones and iPads to corporate customers helped lift major stock indexes in premarket trading.
Time Warner shares jumped 15.3 percent to $81.86 before the bell as Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down. *A partnership struck between IBM and Apple Inc will serve to boost indexes. IBM shares gained 1.8 percent to $191.85 and Apple advanced 2.1 percent to $97.35 in premarket.
NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.
Rupert Murdoch's Twenty-First Century Fox said Time Warner has rejected an offer it made last month to combine the two media and entertainment giants. Twenty-First Century Fox Inc. also said Wednesday in a brief statement that it is not currently in discussions with Time Warner.
Report: 21st Century Fox makes $80 billion takeover bid for Time Warner Younger Americans wait to buy homes because of changes in marital status, education and race Italy's Gtech buying slot machine maker International Game Tech for $4.7 B in cash and stock Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG China's economic growth rises to 7.5 percent, adding to signs of possible recovery Improvement in China's growth reassuring but no game changer for region it looms over US producer prices likely rose in June after falling in May Higher factory, mining output likely boosted US industrial production in June Further evidence of strong UK economic recovery emerges as employment hits joint record high 3 M to spend about $885 million to buy remaining stake in Sumitomo subsidiary
Shares of Time Warner soared in premarket trading Wednesday after The New York Times reported that the media giant had rejected an $80 billion takeover bid from Rupert Murdoch's Twenty-First Century Fox.
July 16- Media mogul Rupert Murdoch is determined to buy Time Warner Inc after the media conglomerate rejected an $80 billion buyout offer from Twenty-First Century Fox Inc, the New York Times reported. Twenty-First Century Fox, controlled by Murdoch, offered last month to buy Time Warner for $85 per share in cash and stock, the newspaper reported.
BUZZ-TIME WARNER INC: NYT SAYS 21 ST CENTURY FOX MAKES $80 BLN. **Media company's shares up 12.8 pct at $80.12. **The New York Times reports Rupert Murdoch's Twenty-First Century Fox Inc makes $80 billion takeover bid, which Time Warner rejects.
July 16- Time Warner Inc rejected a $80 billion buyout offer from Rupert Murdoch's Twenty-First Century Fox Inc, people familiar with the matter told The New York Times.
MEXICO CITY, July 14- Carlos Slim's America Movil said on Monday it will take control of just over half of Telekom Austria in a $1 billion buyout offer, giving the Mexican billionaire a base to build up his presence in European telecoms.
*Shire accepts Abbvie takeover offer. *London- listed drugmaker Shire Plc succumbed to an increased 31 billion pounds takeover offer from Abbvie Inc, ending a long-running courtship largely motivated by tax rates. U.S.-listed shares of Shire rose 2.4 percent to $255.10 while Abbvie shed 0.7 percent to $54.56 in premarket trade.
*Kuehne& Nagel, Sports Direct advance. *Banco Espirito Santo falls for 6th session. London- listed drugmaker Shire rose 2.2 percent after saying it was ready to recommend a new 31 billion pound takeover offer from AbbVie, entering talks after receiving a fifth bid from the U.S. firm.
*AbbVie raises bid to 53.20/ share from 51.15. *Bid comprises 24.44 stg cash and 0.8960 new AbbVie shares. LONDON, July 14- London- listed drugmaker Shire Plc succumbed to an increased 31 billion pounds takeover offer from Abbvie Inc on Monday, signaling the conclusion to a long-running courtship largely motivated by tax.
NEW YORK, July 12- Shire Plc is seeking a higher takeover offer from U.S. drugmaker AbbVie Inc that would value the company at about 31 billion pounds, according to people familiar with the matter.
FRANKFURT/ BERLIN, July 11- German car parts maker ZF Friedrichshafen's takeover offer for rival TRW looks unlikely to draw rival bids for the U.S. company but could trigger further deals down the line, bankers and analysts said on Friday.
*Lorillard market value is $22.9 bln. LONDON, July 11- U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would include the sale of some brands to Britain's Imperial Tobacco Group Plc, the companies said on Friday.
July 10- Auto parts supplier TRW Automotive Holdings Corp said it had received a preliminary takeover proposal and was in the process of evaluating the offer. Bloomberg reported earlier that TRW had received a takeover approach from German auto supplier ZF Friedrichshafen AG, citing a person familiar with the matter.
CNBC's David Faber discusses Bill Ackman's backing of Valeant's takeover bid for Allergan. Allergan CEO David Pyott has bone to pick with Ackman.