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Takeover Bids

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  • Dollar General, which is vying with rival Dollar Tree to buy Family Dollar, also received a second request from the FTC under U.S. anti-trust regulations, Family Dollar said. In August, Family Dollar rejected a $9 billion buyout offer from Dollar General, opting instead for a smaller cash-and-stock bid of $8.5 billion by Dollar Tree. The company also spurned...

  • Oct 9- Botox maker Allergan Inc said on Thursday it expects to report third-quarter profit that is more than 20 percent higher than it previously anticipated, which it said bolsters its contention that an unsolicited takeover offer by Valeant Pharmaceuticals Inc undervalues the company. Allergan has criticized the company's model of growing through...

  • Oct 9- Botox maker Allergan Inc lifted its third-quarter profit estimate and said the updated forecast showed that Valeant Pharmaceuticals Inc's takeover offer undervalued the company. "Today's announced expectations for the third quarter and updated future outlook further demonstrate that there is a vast value gap between Valeant's offer and the...

  • Oct 9- Botox maker Allergan Inc lifted its third-quarter profit estimate and said the updated forecast showed that Valeant Pharmaceuticals Inc's takeover offer undervalued the company. Allergan said it now expects adjusted earnings of $1.76- $1.78 per share for the quarter, up from its previous forecast of $1.44- $1.47, helped by an increase in market share...

  • Actavis plans new Allergan approach: Report  Tuesday, 7 Oct 2014 | 3:05 PM ET

    According to Reuters, Actavis plans to make a new approach for a takeover of Allergan. CNBC's Dominic Chu reports Allergan would be open to sale at a price over $200 a share.

  • *Glencore approached Rio Tinto about a merger in July. *Rio says no talks with Glencore after rejecting bid. MELBOURNE/ LONDON, Oct 7- Rio Tinto has rejected a takeover approach from smaller rival Glencore Plc, snubbing a blockbuster deal that would have created a $160 billion mining and commodities trading giant.

  • Sept 26- Family Dollar Stores Inc said certain state attorneys general have notified the company that they will investigate larger rival Dollar General Corp's takeover bid over competitive concerns. Family Dollar spurned Dollar General's sweetened $9.1 billion all-cash bid earlier this month, saying the offer still did not address antitrust concerns.

  • Family Dollar: States probing Dollar General bid Friday, 26 Sep 2014 | 6:14 PM ET
    A Family Dollar store on July 28, 2014 in Hollywood, Florida.

    Family Dollar Stores Inc said certain state attorney generals have notified it that they will investigate Dollar General Corp's takeover bid.

  • UnitedHealth Group has put in a bid for Portugal's Espirito Santo Saude, the hospital business of the indebted Espirito Santo family, Portugal's CMVM market regulator said on Thursday.

  • Sept 25- Hedge fund ValueAct Capital said on Thursday it would return to the board of directors of Valeant Pharmaceuticals International Inc, which is pursuing a hostile takeover offer for Allergan Inc, and that it planned to increase its stake in the company.

  • Sept 22- Auxilium Pharmaceuticals Inc said its board had determined that Endo International Plc's $2.2 billion takeover offer "significantly undervalues" the company, but left the door open for talks on a possible deal.

  • Sept 17- Auxilium Pharmaceuticals Inc said it would not withdraw its offer to buy Canadian eye drug maker QLT Inc and adopted a poison pill, a day after receiving an unsolicited buyout offer from Endo International Plc.

  • Sept 17- Auxilium Pharmaceuticals Inc adopted a poison pill with a 15 percent trigger, a day after an unsolicited $2.2 billion buyout offer from Endo International Plc.

  • JGBs rebound after 20-year auction draws solid bids Wednesday, 17 Sep 2014 | 3:38 AM ET

    TOKYO, Sept 17- Japanese government bond prices rebounded on Wednesday after an auction of 1.2 trillion yen 20- year JGBs drew solid bids, pulling yields back from 3- month highs. The 10- year JGB yield dropped 2.0 basis points to 0.555 percent, having reversed an earlier rise to a three month-high of 0.580 percent.

  • Consolidation buzz in beer biz  Monday, 15 Sep 2014 | 2:21 PM ET

    After Heineken rebuffed SABMiller's takeover proposal, CNBC's Morgan Brennan takes a look at global beer consumption.

  • Scripps CEO: Focused on quality  Thursday, 11 Sep 2014 | 11:35 AM ET

    CNBC's David Faber speaks to Ken Lowe, Scripps Networks Interactive chairman & CEO, about consolidation and if Scripps would entertain a takeover bid.

  • Sept 10- Dollar General Corp took its $9.1 billion offer for Family Dollar Stores Inc hostile, directly approaching the shareholders of its smaller rival after being spurned twice by the company.

  • Dollar General goes hostile  Wednesday, 10 Sep 2014 | 9:14 AM ET

    CNBC's David Faber reports Dollar General has gone hostile in its bid for Family Dollar. Faber says Family Dollar is proceeding with its plans to be bought by Dollar Tree in a deal for less than what Dollar General is offering.

  • General Mills' $820 million deal  Tuesday, 9 Sep 2014 | 9:10 AM ET

    CNBC's David Faber reports General Mills is buying Annie's for about $820 million. Cramer breaks down the dynamics of the acquisition.

  • SAO PAULO, Sept 8- Banana producer Chiquita Brands International Inc has postponed a shareholder vote on a plan to merge with Fyffes Plc in order to engage in discussions with Safra Group and Grupo Cutrale regarding a $611 million unsolicited takeover bid.