Takeover Bids
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CNBC's David Faber reports the latest details on Arrowgrass Capital Partners' opposition of FCX's takeover of Plains Exploration.
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*SoftBank president to meet Sprint's institutional shareholders. *Stresses network knowhow, mobile synergies as plus for Sprint. TOKYO, May 7- SoftBank Corp's president said he will go to the United States on Tuesday to meet Sprint Nextel Corp's major shareholders to seek support for the Japanese company's takeover bid.
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DUBLIN, May 7- Italian-owned gaming firm GTech is planning to bid for Ireland's next lottery licence and may form an alliance with the country's state postal service which operates the current licence, a Gtech official told the Irish Times newspaper on Tuesday.
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Facebook looks to video ads as it seeks new revenue streams () Colony's $2 bln bid for IMG rejected in favour of auction () BofA reaches $1.7 bln mortgage settlement with MBIA () European Commission charges Motorola over patent () U.S. plans sale of remaining GM stake () Protests mount on use of BP Gulf spill funds () U.S. regulators eye Bitcoin supervision () Overview.
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JOHANNESBURG, May 6- AccessKenya Group Ltd:. *Dimension Data makes kes3.05b offer to acquire nse-listed. *Dimension data says offers kes14.00 per share, is a premium of 42%.
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said on Monday its proposed buyout by majority owner Sprint Nextel Corp was the best option for Clearwire's minority stockholders.
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PARIS, May 6- French water and waste treatment company Saur's creditor banks could join up with one of three potential bidders to try to reduce its 1.8 billion euro debt, sources close to the talks said.
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May 3- Leo Hindery's InterMedia Outdoors Holdings raised its offer for cable network Outdoor Channel Holdings Inc. for the second time to $9.75 per share, a day after Outdoor Channel agreed to a $9.35 offer by Kroenke Sports& Entertainment LLC.
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ANKARA, May 3- A consortium of Turkish firm IC Ictas and Germany's Fraport placed the highest initial bid on Friday in a tender for Istanbul's planned third airport, which Turkey says could eventually be the world's largest.
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PARIS, May 3- Entertainment group Vivendi. A consortium made up of Iliad founder Xavier Niel, Lazard banker Matthieu Pigasse and industrialist Pierre Berge has also made a bid, although at a much lower price than previously offered by U.S.-based web portal Yahoo, the website said.
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DUBAI, May 3- Qatar plans to be an active investor in Bharti Airtel, the Indian telecoms group in which one of its investment vehicles has agreed to buy a 5 percent stake, a person close to the Qataris said on Friday. "Qatar is in for the very long term," the person added. Last year, it surprised investors by forcing Glencore to raise its takeover offer for Xstrata.
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LONDON, May 3- Private equity firm Electra Partners said on Friday it has received a binding offer worth $1.3 billion from funds advised by its peer BC Partners. According to Electra's website the group first invested $45 million in Allflex 14 years ago as part of a $168 million management buyout from Goldman Sachs.
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*UK Takeover Panel extends EME Capital offer deadline to May 31.
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NEW YORK, May 2- New York- based private equity firm Lightyear Capital has emerged as the lead bidder to buy SunTrust Banks Inc's RidgeWorth Investments asset management unit, three sources familiar with the situation told Reuters this week.
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*Royalty submits offer document for Elan Corp. DUBLIN, May 2- Royalty Pharma submitted its $11.25 per share bid for Elan to the Irish drugmaker's shareholders on Thursday, standing by its reduced price in the face of the target's insistence it is worth more.
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May 2- Elan Corporation PLC:. *Royalty pharma- submits formal cash offer for Elan Corporation; offer price. reflects $1 billion Dutch auction strikeprice of $11.25 per Elan share.
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*Cermaq shares soar 20 pct* Analysts say fair value much higher. OSLO, May 2- Marine Harvest, the world's biggest fish farmer, took its $1.7 billion hostile bid for state-controlled rival Cermaq directly to Norway's trade minister on Thursday after the firm's board rejected its initial bid.
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OSLO, May 2- Shares of Oslo-listed salmon firm Cermaq jumped 19 percent on Thursday after Marine Harvest, the world's top fish farmer, made a conditional hostile bid for the firm. Cermaq rejected the offer, saying it undervalued the company and its conditions were unacceptable.
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OSLO, May 2- Salmon firm Cermaq rejected Marine Harvest's $1.7 billion hostile takeover bid, saying the offer by the world's biggest fish farmer undervalued the company and came with unacceptable conditions.
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OSLO, May 2- Salmon firm Cermaq rejected a $1.7 billion hostile takeover bid from Marine Harvest, the world's biggest fish farmer, saying it undervalued the company and came with unacceptable conditions.