Mergers and Acquisitions Takeover Bids

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  • *Gou to hold news conference in Osaka at 0600 GMT. TAIPEI/ TOKYO, Feb 5- Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan's Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm's takeover bid over a rival offer from a Japanese state-backed fund.

  • TAIPEI, Feb 5- Taiwan's Foxconn has offered to invest around 659 billion yen in struggling Japanese electronics maker Sharp Corp, two sources with knowledge of the matter said. Sharp has chosen Foxconn as its preferred bidder in takeover talks. One source said Sharp's board on Thursday had voted 13-0 to negotiate with Foxconn instead of a state-backed Japanese...

  • MADRID, Feb 4- Mexican billionaire Carlos Slim is set to launch a full takeover bid for Spanish building and infrastructures firm FCC after a planned rights issue due to be approved soon, a source familiar with the matter said. Slim's holding company Inversora Carso group, is currently FCC's main shareholder with a 27.43 percent stake, closely followed by Esther...

  • TOKYO, Feb 4- Sharp Corp has chosen Taiwan's Foxconn as its preferred bidder in takeover talks, sources with knowledge of the decision said- paving the way for the biggest acquisition by a foreign company in Japan's insulated tech sector. That was more than double the amount proposed by a state-backed fund, the Innovation Network Corp of Japan.

  • TOKYO, Feb 4- Sharp Corp's CEO Kozo Takahashi said the company was focusing on talks with Taiwan's Hon Hai Precision Industry and that the two companies had built up trust in the three years of jointly operating a plant in Japan. Sharp earlier decided to give Hon Hai, also known as Foxconn, preferred negotiating rights in takeover talks, choosing its more generous...

  • *Hon Hai offered to invest around 700 bln yen- source. TOKYO, Feb 4- Struggling electronics maker Sharp Corp has decided to give Taiwan's Foxconn preferred negotiating rights in takeover talks, choosing its more generous offer over a rescue plan from a Japanese state-backed fund, sources with knowledge of the decision said. A Sharp executive plans to go to Taiwan...

  • *Lowe's to pay C $24/ shr per common share, C $20 for prefs. Feb 3- U.S. home improvement retailer Lowe's Cos Inc agreed to buy Canada's Rona Inc in a deal valued at C $3.2 billion, winning over Rona's board with a far higher offer than its previous unsolicited bid more than three years ago that was opposed by the company and politicians in Quebec. North Carolina- based...

  • HONG KONG— ChemChina's offer to buy Swiss pesticide giant Syngenta is the latest in a string of deals that has turned the company into a Chinese chemical colossus with an increasingly international profile. Beijing- based ChemChina, also known as China National Chemical Corp., is one of the country's biggest industrial companies, with 140,000 employees in 150...

  • ChemChina makes $43B bid for Syngenta Wednesday, 3 Feb 2016 | 5:16 AM ET
    ChemChina makes $43B bid for Syngenta

    CNBC's Julia Chatterley reports on the big deal news of the day - ChemChina agreeing to buy rival Syngenta for $43 billion.

  • UPDATE 2- SWEDEN'S EQT AGREES TO PAY PREMIUM FOR KUONI@* Sweden's EQT agrees deal to buy Kuoni* Kuoni board unanimously supports offer* EQT also eyes buying TUI's Hotelbeds unit- sources. The Swiss group said last week EQT was its preferred suitor among several potential bidders wooing it after it sold off European and Asian tour operating businesses last year...

  • Axiall said on Friday that it had rejected Westlake's $1.4 billion takeover offer, saying it undervalued the company- an argument that Brigade Capital agreed with. Brigade Capital said in a letter to Axiall's board that it opposed the use of a "poison pill" with respect to Westlake's offer of $20 per share. Axiall shares were down 2.6 percent at $17.46 in afternoon...

  • Feb 1- Canada's Amaya Inc, operator of online gambling website PokerStars, said it received a non-binding proposal from Chief Executive David Baazov to buy the company for about C $21 per share. Based on Amaya's basic share count, the proposed offer values the company at about C $2.8 billion, representing a premium of about 40 percent to its Friday close on the...

  • NEW YORK— Axiall confirmed Friday that it rejected a $1.4 billion buyout from rival Westlake Chemical, saying the deal undervalued the maker of building materials and chemicals. Westlake had said Friday when it publicly announced the offer that it was disappointed by Axiall's rejection. Westlake offered a mix of stock and cash worth about $20 for each share of...

  • Jan 26- U.S. crane maker Terex Corp received a takeover approach from China's Zoomlion Heavy Industry Science and Technology Co, which it rebuffed, Bloomberg reported. Terex continues to focus on completing its merger with Finland's Konecranes Oyj, Bloomberg reported on Tuesday, citing people familiar with the matter. Terex and Konecranes had agreed on an...

  • Jan 26- U.S. crane and mining equipment maker Terex Corp received a takeover approach from China's Zoomlion Heavy Industry Science and Technology Co that it rebuffed, Bloomberg reported. Terex continues to focus on completing its merger with Finland's Konecranes Oyj, people familiar with the matter told Bloomberg. Terex's shares soared as much as 17 percent...

  • WILMINGTON, Del., Jan 21- A U.S. judge will decide on Monday whether teen retailer American Apparel can exit bankruptcy under the control of hedge funds or if he will allow a takeover bid by investors working with its controversial former chief executive, Dov Charney. Los Angeles- based American Apparel Inc, known for its "Made in the U.S.A." fashion and sexually...

  • 'Must Reads': Twitter takeover target? Thursday, 21 Jan 2016 | 5:46 AM ET
    'Must Reads': Twitter takeover target?

    The "Worldwide Exchange" crew discusses the morning's top attention-grabbing headlines, including sharp declines in shares of Twitter.

  • Jan 12- U.S. railroad operator Norfolk Southern Corp, which has repeatedly rejected Canadian Pacific Railway Ltd's takeover bid, said it will consolidate its Virginia and Pocahontas units, to cut costs and support growth. The company said on Tuesday the two units will be consolidated to form a new Pocahontas division on Feb. 1. The company also said it was idling...

  • The potential buyer is hoping to clinch a deal with KraussMaffei's owner, Canada's Onex Corp, before the Chinese New Year in early February, the people said on Thursday. They added that the deal may still fall apart or that counterbids may surface that may appeal to Onex. Onex bought KraussMaffei from U.S. investor firm Madison Capital in 2012 in a 568 million-euro...

  • *Oil prices show signs of stabilizing, Spain rebounds. *USG People surges after Japanese takeover offer. LONDON/ MILAN, Dec 22- European stocks ended little changed on Tuesday after a volatile day but energy plays rose as oil prices recovered, while Spanish equities rebounded following a sell-off in the previous session prompted by concerns over a political...