Dec 5- Suit and tuxedo retailer Jos. A. Bank Clothiers Inc, the target of a takeover offer from bigger rival Men's Wearhouse Inc, reported a 2 percent rise in quarterly profit as new promotions boosted total sales. Men's Wearhouse last month bid $1.5 billion for the company after Jos. A. Bank withdrew an offer to buy Men's Wearhouse.» Read More
MILAN, Sept 24- Spanish telecoms group Telefonica has struck a deal to gradually secure control of Telecom Italia and its lucrative south American business without having to launch a full takeover bid.
MILAN, Sept 24- Spanish telecoms group Telefonica has struck a deal which could eventually see it take control of Telecom Italia and its lucrative south American business without having to launch a full takeover bid.
TORONTO, Sept 23- Smartphone maker BlackBerry has agreed to go private in a $4.7 billion deal led by its biggest shareholder, allowing the on-the-go email pioneer to regroup away from public scrutiny after years of falling fortunes and slumping market share.
BRUSSELS, Sept 18- Dutch telecoms group KPN has acted to catch up with European rivals after years of underperformance and may be nearing a turning point as it faces a takeover offer by Mexico's America Movil. It lagged behind peers in jumping on new trends in television and bundled services to limit the damage from free services such as Skype.
*Wing Hang Bank leads Hong Kong up after takeover offer. HONG KONG, Sept 17- Hong Kong shares slipped from a 17- week high in early Tuesday trade, with mainland Chinese markets also weaker, ahead of a U.S.
*Wing Hang Bank leads Hong Kong up after takeover offer. HONG KONG, Sept 17- Hong Kong shares slipped from a 17- month high in early Tuesday trade, with mainland Chinese markets also weaker, ahead of a U.S.
*Blackstone cites Pactera's weak results since May proposal. *Pactera shares down 5 pct. Sept 13- China's largest technology outsourcing company, Pactera Technology International Ltd, said Blackstone Group LP and the company's management reduced their offer to take the company private, citing its weakening financial performance.
Sept 13- China's largest technology outsourcing company, Pactera Technology International Ltd, said it received a lower offer to be taken private by Blackstone Group LP and the company's management. The offer of $7 per American depository share, worth about $600 million, has been reduced from $7.50 proposed in May. Pactera said it was evaluating the offer.
*Vodafone says reached 75 pct threshold for takeover. *Deal would give Vodafone leg up in fragmented market. FRANKFURT, Sept 12- Vodafone has secured enough shares in Kabel Deutschland for its 7.7 billion euro offer for Germany's largest cable company to succeed, Vodafone said on Thursday.
FRANKFURT, Sept 12- Vodafone said it has secured the 75 percent of shares in Kabel Deutschland needed for its 7.7 billion-euro offer for Germany's largest cable company to succeed. "The 75 percent minimum acceptance condition has been met," Vodafone said in a statement on Thursday, adding that it would publish the definitive tender ratio on Sept. 16.
BlackBerry has underperformed recently, while Microsoft is on a tear. Peter Misek of Jefferies, weighs in on whether Microsoft should buy BlackBerry.
*America Movil says considering options, including dropping bid. BRUSSELS, Sept 12- Dutch telecoms company KPN has entered into talks with Mexico's America Movil over the latter's 7.2 billion-euro takeover offer, the two sides said on Thursday, although both cautioned the outcome was unclear.
*Vivendi, Telecom Italia and KPN all rise on M&A news. Telecom Italia and KPN both gained 1.4 percent after receiving takeover approaches, less than a month after Vodafone sold its stake in a joint venture with Verizon.
*SCA already owns 21.7 percent; Vinda board recommends offer. *Bid values Vinda at 9.4 bln crowns ( $1.4 bln. HONG KONG/ STOCKHOLM, Sept 9 (Reuters)- Swedish hygiene products firm SCA said on Monday it would make a cash bid for control of Chinese tissue maker Vinda as part of a strategic push into fast-growing Asian markets.
Sept 3- Two independent proxy advisory firms have recommended that Shoppers Drug Mart shareholders vote in favor of Loblaw Co Ltd's C $12.4 billion takeover offer, the Canadian pharmacy chain said on Tuesday. Shoppers is Canada's biggest drugstore chain, and Loblaw is the country's biggest grocery chain.
*America Movil won't raise KPN offer- spokesman. *Foundation said would move to block America Movil bid. BRUSSELS/ MEXICO CITY, Aug 30- America Movil threatened to abandon its bid for Dutch telecom KPN on Friday, saying it has no plans to raise the 7.2 billion euro offer, after a foundation representing KPN told the Mexican firm to improve its proposal or face a veto.
*America Movil ready to cancel bid if foundation maintains stance. *Foundation said would move to block America Movil bid, wants "fair bid". BRUSSELS, Aug 30- America Movil threatened to abandon its 7.2 billion euro bid for Dutch telecommunications group KPN after a company foundation told the Mexican firm to make a higher offer or it would veto the bid.
Chief Executive Ashley Almanza, a former executive at oil and gas firm BG Group, was promoted from finance chief in June after a string of blunders by his predecessor, including a failed takeover bid in 2011, a botched contract to staff the 2012 Olympic Games and a profit warning in May.
Aug 26- Canadian miner Fission Uranium Corp said it would consider making a hostile bid for Alpha Minerals Inc as Alpha had not engaged in "meaningful discussions" on its C $171 million buyout offer made last week. In response, Alpha Minerals said it has formed a special committee to consider Fission's proposal.
Aug 22- J.C. Penney Co Inc on Thursday said it had adopted a one-year stockholder rights plan to protect itself against any future coercive takeover efforts. Penney said it would file details of the plan with the U.S. Securities and Exchange Commission.