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Takeover Bids

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  • WILMINGTON, Del., Aug 27- Valeant Pharmaceuticals International Inc and activist investor William Ackman got their request for an expedited trial on Wednesday over the timing of a special meeting of Allergan Inc shareholders, a key to their $49 billion hostile takeover fight.

  • *Family Dollar rejects Dollar General's buyout offer. *Jackson Hole conference of central bankers to begin. Federal Reserve Chair Janet Yellen is scheduled to speak at the Jackson Hole conference on Friday.

  • Aug 21- Family Dollar Stores Inc rejected a $9 billion buyout offer from Dollar General Corp and issued a sharp rebuke to accusations its CEO favors a smaller bid from Dollar Tree Inc because it would allow him to keep his job.

  • *Family Dollar rejects Dollar General buyout offer. NEW YORK, Aug 21- U.S. stocks inched higher on Thursday and the S&P notched a record high as a flurry of data pointed to steady improvement in the economy and investors awaited the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.

  • *Family Dollar rejects Dollar General buyout offer. NEW YORK, Aug 21- U.S. stocks were set for a slightly higher open on Thursday, after jobless claims data pointed to continued improvement in the labor market and before the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.

  • Aug 21- Family Dollar Stores Inc rejected Dollar General Corp's $8.95 billion acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc..

  • Aug 21- Family Dollar Stores Inc rejected Dollar General Corp's acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc..

  • Aug 19- Botox maker Allergan Inc has approached Salix Pharmaceuticals Ltd and at least one other company about a potential takeover in a bid to avert the $53 billion hostile takeover from Valeant Pharmaceuticals International Inc, the Wall Street Journal said. Allergan and Salix declined to comment on the matter.

  • Aug 18- Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc, to strengthen its position as the No. 1 U.S. discount retailer. Both Dollar General and Dollar Tree have some capacity to go a little bit higher with the offer price, " Telsey Advisory Group analyst Joseph Feldman said.

  • Aug 15- Chinese mobile-security software maker NQ Mobile Inc's Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.

  • Dollar General bid worth $9.7 million     Monday, 18 Aug 2014 | 7:01 AM ET

    Dollar General is making a bid to buy Family Dollar for about $9.7 billion. Joe Feldman, Telsey Advisory Group, discusses the likelihood of whether Dollar Tree could come back with a counter bid.

  • CNBC's Andrew Ross Sorkin reports Dollar General is making a bid to buy Family Dollar for about $9.7 billion. The combined company would have 20,000 stores.

  • UPDATE 1-NQ Mobile CFO resigns, cites family reasons Friday, 15 Aug 2014 | 11:49 AM ET

    Aug 15- Chinese mobile-security software maker NQ Mobile Inc's Chief Financial Officer KB Teo resigned, citing family reasons, amid a buyout offer and a delay in filing its annual report. NQ Mobile said Teo's resignation, effective Aug. 22, was not related to the company's operations, policies or accounting practices.

  • SAO PAULO, Aug 14- Brazilian juice maker Cutrale and the Safra Group, a banking and real estate conglomerate, said late on Thursday they were "extremely disappointed" that the board of Chiquita Brands International Inc rejected their takeover offer, adding that they are "considering all alternatives."

  • Chiquita Brands rejects Cutrale-Safra bid Thursday, 14 Aug 2014 | 4:42 PM ET

    Aug 14- Chiquita Brands International Inc rejected a takeover offer from juice maker Cutrale and investment firm and Safra Group and said it would go ahead with a deal with Irish tropical fruit company Fyffes Plc. Chiquita's shares fell 1.2 percent in after-market trading on Thursday.

  • Aug 14- U.S. securities regulators are looking at the hostile takeover bid made by billionaire investor William Ackman and Valeant Pharmaceuticals for Botox maker Allergan Inc, a person familiar with the matter said on Thursday.

  • Aug 14- A hostile takeover bid by billionaire investor William Ackman and Valeant Pharmaceuticals International Inc to acquire Allergan Inc is being investigated by federal regulators for possible violations of securities laws, the Wall Street Journal reported, citing people familiar with the matter.

  • The Dow Jones is reporting the SEC is in early stages of investigating Valeant and Pershing Square's pursuit of Allergan. CNBC's Scott Wapner has the details.

  • DJ: SEC looking into pursuit of Allergan     Thursday, 14 Aug 2014 | 1:31 PM ET

    The Dow Jones is reporting the SEC is investigating Valeant and Pershing Square's pursuit of Allergan. CNBC's Scott Wapner has the details.

  • SAO PAULO, Aug 12- Brazilian-Lebanese financier Joseph Safra's push to diversify his $16 billion fortune out of banking and real estate is taking the world's richest banker to the fruit stand.