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Takeover Bids

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  • March 3- Men's Wearhouse Inc said it had entered into a non-disclosure agreement with Jos. A. Bank Clothiers Inc and received a draft merger agreement from the smaller company. A. Bank rejected Men's Wearhouse's revised $1.78 billion takeover offer last week, but said it would be willing to discuss a higher bid. Men's Wearhouse raised its cash tender offer to Jos.

  • Feb 28- Network gear maker Riverbed Technology Inc rejected Elliott Management's raised bid of $3.36 billion, saying the hedge fund's offer undervalued the company. Elliott on Tuesday increased its offer by $2 to $21 per share and said it could raise the bid if allowed access to Riverbed's books for due diligence. Goldman, Sachs& Co is advising Riverbed.

  • Riverbed rejects Elliott's unsolicited takeover bid Friday, 28 Feb 2014 | 8:46 AM ET

    Feb 28- Network gear maker Riverbed Technology Inc rejected Elliott Management's unsolicited bid to buy the company for $3.36 billion, saying the hedge fund's offer undervalued the company.

  • Zell: US economy is 'benign'     Friday, 28 Feb 2014 | 8:16 AM ET

    Sam Zell, Equity Group Investments chairman, shares his thoughts on the strength of the U.S. economy. We have to focus on growth, says Zell. James Bullard, Federal Reserve Bank of St. Louis president and CEO, weighs in.

  • Sam Zell, Equity Group Investments chairman, discusses backing an activist campaign to unseat the board and management of CommonWeath, a real estate investment trust that owns more than 300 office buildings.

  • A. Bank, Men's Wearhouse shares up in after-market trading. Feb 27- Men's apparel retailer Jos. A. Bank Clothiers Inc rejected Men's Wearhouse Inc's revised takeover offer calling it inadequate, but said it was willing to talk with its larger rival about a higher bid.

  • Feb 27- Men's apparel retailer Jos. A. Bank Clothiers Inc rejected Men's Wearhouse Inc's revised takeover offer, calling it inadequate, but said it was willing to talk with its larger rival about a higher bid. Men's Wearhouse on Monday raised its cash tender offer to Jos.

  • Third Point makes move on Sotheby's     Thursday, 27 Feb 2014 | 11:43 AM ET

    CNBC's Scott Wapner reports Dan Loeb's Third Point will nominate three members to Sotheby's board of directors including Loeb himself.

  • Court to rule on Club Med bid challenge April 29 Thursday, 27 Feb 2014 | 6:38 AM ET

    PARIS, Feb 27- A Paris court will rule on April 29 on a shareholders challenge to a bid by China's Fosun International and French private equity firm Ardian for holiday operator Club Med. Fosun and Ardian, the former Axa Private Equity, initially planned on offering 17 euros, but revised their offer to 17.50 euros in June 2013.

  • Amcol accepts Imerys' $1.39 bln buyout offer Wednesday, 26 Feb 2014 | 5:31 PM ET

    Feb 26- Amcol International Corp, a U.S. minerals and materials group, agreed to French peer Imerys S.A.' s sweetened takeover offer of about $1.39 billion that topped a rival bid by Minerals Technologies Inc.. Amcol said the French company offered $42.75 per share, topping Minerals Technologies's offer of $42.50 per share.

  • *Telekom Austria shares up 0.7 pct. VIENNA, Feb 25- Carlos Slim's America Movil and the Austrian government are moving towards a deal to pool their stakes in Telekom Austria, which would lead to a takeover offer and mark a further step in the Mexican tycoon's expansion in Europe.

  • Feb 24- Canada's Augusta Resource Corp urged its shareholders to reject HudBay Minerals Inc's hostile takeover bid on Monday, and said investors controlling more than one-third of its common shares plan to refuse the offer.

  • Feb 14- Men's clothing retailer Jos. A. Bank Clothiers Inc, the target of an unwelcome bid from rival Men's Wearhouse Inc, said it would buy outdoor clothing retailer Eddie Bauer for $825 million in its latest effort to stay independent.

  • *Macau casino shares rebound after recent sell-off. *CITIC 21 CN drops 24.1 pct after Alibaba denies takeover talks. Feb 6- Hong Kong shares rose from their lowest in almost seven months on Thursday, helped by strong gains in energy and Macau casino sectors, as investors covered short positions in some battered companies after a recent sell-off.

  • *To cut additional jobs in the Netherlands. Shares in the group, which in 2013 fended off a takeover bid by top shareholder Carlos Slim's America Movil, fell as much as 5.7 percent in early Tuesday trading after it said fourth-quarter mobile revenues fell 13 percent year-on-year.

  • NEW YORK, Feb 2- Jos. A. Bank Clothiers Inc on Sunday rejected yet another offer by rival Men's Wearhouse Inc, the latest in a prolonged acquisition battle between the two men's clothing retailers. In response to Men's Wearhouse offer last week that it is open to sweetening its spurned buyout offer under certain conditions, Jos.

  • *Not clear whether Bidvest will raise stake further. JOHANNESBURG, Jan 31- South Africa's Bidvest said it had raised its stake in drugmaker Adcock Ingram to over 34 percent, enough to block a rival $1.2 billion bid and prompt Adcock to seek urgent talks with its Chilean suitor.

  • Jan 30- Men's Wearhouse Inc said it was open to sweetening its spurned buyout offer for Jos. A. Bank Clothiers Inc- under certain conditions- and called on independent directors of the smaller men's clothing chain to reconsider its bid.

  • CEO Rob Marcus, who took over Jan. 1, kicked off the conference call saying he is committed to creating shareholder value and that Charter's recent bid to acquire Time Warner Cable significantly undervalues our company. Marcus also dismissed the notion that Time Warner Cable is behind Charter in any way.

  • Jan 30- Time Warner Cable Inc, which recently rejected a takeover offer from Charter Communications Inc, posted better-than-expected quarterly results as its high-speed data subscribers opted for expensive plans.

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