Takeover Bids
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TORONTO, Dec 6- Primaris Retail REIT's chief executive said on Thursday the company is in the process of hiring financial advisers, a day after receiving a C $2.6 billion takeover bid from a consortium led by KingSett Capital.
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Dec 6- Talison Lithium Ltd said on Thursday it is now backing a sweetened takeover bid from China's Chengdu Tianqi Industry Group Co, which values the lithium producer at C $847 million. Shares of the Perth- based, Toronto- listed miner rose more than 6 percent Thursday morning but were still below the revised Tianqi offer of C $7.50 per share.
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Move comes as U.S. retailers look to expand in Canada. TORONTO, Dec 5- A consortium led by Canada's KingSett Capital will offer about C $2.6 billion to acquire Primaris Retail REIT to bolster its portfolio of Canadian shopping malls at a time when U.S. retailers are looking to expand northward.
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*Move comes as U.S. retailers look to expand in Canada. TORONTO, Dec 5- A consortium led by Canada's KingSett Capital will offer about C $2.6 billion to acquire Primaris Retail REIT to bolster its portfolio of Canadian shopping malls at a time when U.S. retailers are looking to expand northward.
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SYDNEY/ NEW YORK, Dec 4- U.S. agribusiness giant Archer Daniels Midland Co moved closer to securing GrainCorp Ltd after raising its takeover bid to $2.9 billion and hiking its stake in Australia's last major independent grains handler.
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Dec 3- Archer Daniels Midland Co on Monday raised its bid for Australia's GrainCorp Ltd to $2.9 billion in cash from $2.8 billion, as the U.S. agribusiness group seeks to expand its geographic reach. Including a recently announced dividend of 35 cents per share, which GrainCorp shareholders would be able to keep, ADM said its new offer is for A $12.55 per share.
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Dec 3- Archer Daniels Midland Co raised its takeover offer for Australia's GrainCorp Ltd to A $12.20 per share in cash, up from an earlier bid of A $11.75. ADM said on Monday that it acquired an additional 5 percent of GrainCorp for the new offer price, raising its stake in the Australian grains handler to 19.9 percent.
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Dec 3- Archer Daniels Midland Co raised its takeover offer for Australia's GrainCorp Ltd to A $12.20 per share in cash, up from an earlier bid of A $11.75.
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The focus for Hostess has now turned to selling its assets and its 30 brands, reports CNBC's Kayla Tausche.
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Hostess says it is speaking with more than 110 parties that are interested in buying its brands. CNBC's Kayla Tausche reports.
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Nov 29- First Quantum Minerals Ltd said on Thursday it believed Inmet Mining Corp's board was selling shareholders short by refusing to enter into talks on a takeover proposal put forward by First Quantum earlier this month.
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Nov 29- First Quantum Minerals Ltd said on Thursday it is both "surprised and disappointed" that the board of Inmet Mining Corp has decided to reject the takeover proposal that it put forward earlier this month.
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TORONTO, Nov 28- Inmet Mining Corp said on Wednesday that it had turned down a C $4.86 billion unsolicited takeover bid from its larger rival First Quantum Minerals Ltd, sending Inmet shares up more than 17 percent. "Inmet doesn't need a dance partner," said Barry Schwartz, vice president and portfolio manager at Baskin Financial Services in Toronto. "
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By John McCrank and David Henry. Nov 28- Rival electronic trading firms Getco Holding Co and Virtu Financial LLC have made competing bids for Knight Capital Group, valuing the company at a minimum of $1.1 billion, as they both eye Knight's lucrative market-making business, sources said.
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TORONTO, Nov 28- Inmet Mining Corp said on Wednesday that it had turned down a C $4.86 billion unsolicited takeover bid from its larger rival First Quantum Minerals Ltd, sending Inmet shares up more than 17 percent. "Inmet doesn't need a dance partner," said Barry Schwartz, vice president and portfolio manager at Baskin Financial Services in Toronto. "
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By John McCrank and David Henry. Nov 28- Getco Holding Co proposed a $1.4 billion deal that would see it merge into Knight Capital Group Inc, while Virtu Financial LLC offered to buy Knight for at least $1.1 billion, according to sources familiar with the situation on Wednesday.
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NEW YORK, Nov 28- Virtu Financial LLC has submitted an all-cash bid for electronic trading firm Knight Capital Group of "nothing less than $3.00 a share," following an earlier cash and stock bid for Knight by Getco LLC, said a source with knowledge of the offer.
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Is Deckers, the maker of Uggs, Target's next takeover target? The Fast Money traders, weigh in; and Thom Blischok, Booz & Co. chief retail analyst, discusses which retailers are making big moves in mobile and online this holiday season.
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According to the WSJ, Advanced Micro is not pursuing a sale of its company or significant assets, reports CNBC's Brian Shactman.
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CNBC's David Faber reports the latest detail on Sprint's takeover of Clearwire; and weighs in on Verizon's earnings.