Mergers and Acquisitions Takeover Bids

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  • Donald Trump supporters

    Donald J. Trump's hostile takeover of the GOP has the party's elite fearing an epochal split, The New York Times reports.

  • May 3- Pfizer Inc has approached U.S. cancer drug maker Medivation Inc to express interest in an acquisition, raising the possibility of a bid rivaling a $9.3 billion offer by Sanofi SA, people familiar with the matter said on Tuesday. Pfizer's approach comes less than a week after Sanofi went public with its $52.50 per share cash offer, complaining that...

  • *Apollo Education jumps on raised buyout offer. May 2- U.S. stocks rose on Monday, rebounding from losses last week, with gains in Berkshire Hathaway boosting the financial sector. "What we're seeing now is the market bouncing back after selling off on disappointment on the central bank front late last week," said Adam Sarhan, chief executive of Sarhan Capital in New...

  • April 29- Medivation Inc said on Friday its board rejected an unsolicited $9.3 billion takeover proposal from Sanofi SA, saying the offer undervalued the company and its pipeline of oncology drugs. The French drugmaker went public with its $52.50 per share cash offer on Thursday. Medivation's shares were trading at $56.41 before market open on Friday.

  • *Fnac offers 170 pence per Darty share, up from 153 pence. PARIS/ JOHANNESBURG, April 25- French retailer Fnac raised its offer for Darty on Monday to around 900 million pounds in a final bid to win Europe's largest electronics goods chain in a battle with South Africa's Steinhoff. Fnac, declaring the offer its last, said it would pay 170 pence per Darty share in cash, up...

  • April 20- Conforama has increased its cash offer for shares in electronics retailer Darty Plc it does not already own to 138 pence per share, Conforama's parent company said on Wednesday. Earlier in March, Steinhoff, through French-based unit Conforama, offered 673 million pounds in an all-cash deal to acquire Darty, trumping a competing takeover bid from a...

  • Yahoo takeover Verizon's to lose: Re/code's Lee

    Edmund Lee, Re/code managing editor, weighs in on possible suitors for Yahoo and Marissa Mayer's legacy.

  • Executive Edge: Yahoo bidders

    Anthony DiClemente, Nomura internet analyst, discusses potential suitors for Yahoo and why it makes sense for Verizon to make a bid. Also a look at Marissa Mayer's legacy.

  • Verizon tops Yahoo's suitors as deadline loom

    Victor Anthony, Axiom Capital Management, weighs in on who's bidding for Yahoo's core web business and Asian assets and why it makes sense to sell of the entire piece.

  • April 17- Drugmaker AstraZeneca Plc has held internal talks about a bid for Medivation Inc but has yet to make a formal offer, the Sunday Times reported, citing sources. San Francisco based-Medivation, which has a market capitalization of $8.4 billion, focuses on cancer treatment drugs. The company, less than a week ago, rebuffed a takeover bid from French...

  • TORONTO, April 11- Canada's main stock index rose on Monday as an almost three-week high for gold helped boost gold mining stocks, while a major railway company advanced after it scrapped a takeover bid. The most influential movers on the index included Barrick Gold Corp, which rose 6.5 percent to C $21.04 as gold rallied, and Canadian Pacific Railway Ltd, which...

  • 'Dumb buyer' for Yahoo?

    Brian Wieser, Pivotal Research Group, shares perspective on potential takeover bidders for Yahoo, as buzz surfaces the UK's "Daily Mail" is stepping up to the plate. It might take a turnover of the existing board before anything can actually happen, says Wieser. There's value in the business, it's just the question of what the value is, adds Wieser.

  • CHICAGO/ WASHINGTON, April 8- The U.S. Justice Department on Friday urged a regulator to reject a voting trust Canadian Pacific Railway Ltd has proposed as part of its takeover bid for Norfolk Southern Corp, saying it could hurt competition and would violate rules. In mid-November, CP disclosed a $28 billion offer for Norfolk, Virginia- based company, which has...

  • WASHINGTON, April 8- The U.S. Justice Department on Friday called on a regulator to reject a voting trust Canadian Pacific has proposed as part of its takeover bid for Norfolk Southern, saying it risked harming competition in the rail industry.

  • SAN FRANCISCO, April 7- Verizon Communications Inc is ready to make a bid for Yahoo's web business, and hopes to make a merger more successful by also making an offer for a stake in Yahoo's Japan subsidiary, Bloomberg reported on Thursday, citing a source familiar with the matter. Alphabet Inc's Google unit is also mulling a bid for Yahoo's core business, Bloomberg...

  • CHICAGO, April 7- The U.S. military on Thursday raised concerns with a federal rail regulator over the voting trust Canadian Pacific has proposed as part of its takeover bid for Norfolk Southern and said the deal could adversely affect the country's national defense. In a letter to the U.S. Surface Transportation Board dated April 7, the Department of Defense...

  • April 7- Verizon Communications Inc plans to make a first-round bid for Yahoo Inc's web business next week, Bloomberg reported, citing people familiar with the matter. Alphabet Inc's Google is also thinking of bidding for Yahoo's core business, Bloomberg reported, citing another source. Verizon is willing to buy the Yahoo Japan Corp stake to sweeten the offer,...

  • SAO PAULO, April 6- Cetip SA Mercados Organizados, Brazil's biggest securities clearinghouse, has agreed on most terms of a revamped, unsolicited offer by bourse BM&FBovespa SA, a source with direct knowledge of the matter said on Wednesday. A takeover will make BM&FBovespa the dominant exchange in Brazil, controlling depositary and clearing activities for...

  • SAO PAULO, April 6- Brazil's Cetip SA Mercados Organizados has agreed on most terms of a revamped, unsolicited offer by rival bourse operator BM&FBovespa SA, a source with direct knowledge of the situation said on Wednesday. The boards of BM&FBovespa and Cetip are expected to approve the sweetened terms of the deal within the "next 48 hours," said the source, who...

  • MADRID, April 5- Mexican billionaire Carlos Slim already has majority control of Spanish building and infrastructure company FCC before a full takeover bid is formalised, Spain's stock market regulator said on Tuesday. In a statement, the regulator said because Slim had lent money to FCC's second-biggest shareholder Esther Koplowitz, who owns 22.5 percent...