Mergers and Acquisitions Takeover Bids

  • *Harman soars after Samsung's $8 bln takeover offer. Nov 14- The S&P 500 and the Dow Jones industrial average pared early gains and were little changed on Monday as investors looked for more clarity on President-elect Donald Trump's policies. "In any election cycle, many candidates make a lot of election promises and obviously they can't deliver for a variety of...

  • *Harman soars after Samsung's $8 bln takeover offer. *Dollar index touches 11- month high. Nov 14- The Dow Jones Industrial average opened at a record high on Monday, driven by financial stocks, after the index capped off its best week since 2011 following Donald Trump's unexpected victory in the U.S. presidential election.

  • *Harman soars after Samsung's $8 bln takeover offer. Nov 14- The Dow Jones Industrial average looked set to open at a record high on Monday, after the index capped off its best week since 2011 following Donald Trump's unexpected victory in the U.S. presidential election. "Markets are showing that investors continue to believe the fiscal policy plans by Trump and...

  • MILAN, Nov 10- A consortium led by Poste Italiane that includes asset gatherer Anima Holding and Italian state lender Cassa Depositi e Prestiti said it submitted an offer on Thursday to buy UniCredit's asset manager Pioneer. Pioneer is Europe's sixth-largest asset gatherer and has assets under management of around 225 billion euros. Sources have said four...

  • Fitbit said it had not received any communication from ABM Capital or any other firm regarding a reported offer, a spokesperson for the company said in an email. The filing, which contained little detail of the purported offer to buy the company for $12.50 per share, listed a Shanghai address for ABM Capital and also had a typographical error in Fitbit's name.

  • Nov 10- Shares of wearable device maker Fitbit Inc rose as much as 8 percent on Thursday after a previously unknown entity calling itself ABM Capital Ltd said in a regulatory filing that it had offered to buy the company for $12.50 per share. The filing, which contained little detail of the purported offer, listed a Shanghai address for ABM Capital and also had a...

  • Nov 10- Shares of wearable device maker Fitbit Inc rose as much as 8 percent on Thursday after a previously unknown entity calling itself ABM Capital Ltd said in a regulatory filing that it had offered to buy the company for $12.50 per share. The filing, which contains little detail of the purported offer, lists a Shanghai address for ABM Capital.

  • Gannett drops bid for Tronc

    CNBC's David Faber dives into the details of the news that Gannett has dropped its bid for Tronc due to concerns about financing and the board of directors.

  • Nov 1- Gannett Co Inc, publisher of USA Today, said on Tuesday it would not pursue an acquisition of Tronc Inc, the publisher of the Chicago Tribune and Los Angeles Times. Gannett made an unsolicited $12.25 per share takeover offer for Tronc, formerly Tribune Publishing Co, in April, valuing Tronc at about $815 million. It raised the offer a month later to $15 per share.

  • Hershey's net sales in North America, which account for about 85 percent of total sales, rose 1.8 percent to $1.76 billion in the third quarter ended Oct. 2. Shares of the company, which is based out of its namesake town in Pennsylvania, were up 2 percent at $97.42 in premarket trading on Friday. The company, which rejected a $23 billion buyout offer from Mondelez...

  • Hershey's net sales in North America, which account for about 85 percent of total sales, rose 1.8 percent to $1.76 billion in the third quarter ended Oct. 2. The company, which rejected a $23 billion buyout offer from Mondelez International Inc in June, said in July it would cut costs by consolidating its supply chain and some factories in China and North America, as...

  • NEW YORK, Oct 27- A New York state appeals court on Thursday cleared the way for billionaire investor Carl Icahn to pursue an unusual malpractice lawsuit against the powerful law firm Wachtell, Lipton, Rosen& Katz over his 2012 hostile takeover of CVR Energy Inc.. The 5-0 decision by the Appellate Division in Manhattan frees CVR to contest whether Wachtell should...

  • SYDNEY, Oct 27- Australia's richest woman Gina Rinehart and a Chinese partner raised their offer to buy the country's largest private land holding on Thursday, with Rinehart pledging to buy it outright if the joint bid was rejected on national interest grounds. The latest A $386.5 million bid by Rinehart and Chinese developer Shanghai CRED, up from A $365...

  • BERLIN, Oct 26- A German Economy Ministry review of a Chinese takeover bid for chip equipment maker Aixtron will likely take several months, a ministry spokeswoman said on Wednesday, declining to give details on why it withdrew clearance for the deal. She declined to give details on the origin or type of "new security information" that had lead to the ministry...

  • AMSTERDAM, Oct 25- Randstad, the world's second-largest staffing agency, beat market forecasts for core earnings on Tuesday and said that if it can get its offer for Monster Worldwide accepted by more than 50 percent of shareholders it will succeed. The Dutch group is facing opposition from U.S. newspaper operator MediaNews Group Inc, controlled by hedge fund...

  • TimeWarner must be pretty confident to go ahead with this deal

    Alex Tarrant, assistant editor at Dealreporter Europe, discusses AT&T's recent deal to buy Time Warner.

  • SYDNEY, Oct 24- Four of Australia's wealthiest outback cattle families have formally lodged a A $386 million bid to buy cattle empire S. Kidman and Co, trumping a deal agreed with mining mogul Gina Rinehart and Chinese developer Shanghai CRED Real Estate. The offer filed late on Sunday from the BBHO consortium, comprising the Brinkworth, Buntine, Harris and...

  • SYDNEY, Oct 24- Four of Australia's wealthiest outback cattle families have formally lodged a A $386 million bid to buy cattle empire S. Kidman and Co, trumping a deal agreed with mining mogul Gina Rinehart and Chinese developer Shanghai CRED Real Estate. The offer from the BBHO consortium filed late on Sunday, comprising the Brinkworth, Buntine, Harris and...

  • NEW YORK, Oct 21- General Electric Co can build its 3 D printing capability without buying Germany's SLM Solutions and does not need to increase its takeover offer in light of opposition from a major shareholder, GE Chief Financial Officer Jeff Bornstein said on Friday. GE refused on Friday to extend or change its 38- euro- a-share offer for SLM after activist...

  • SYDNEY, Oct 20- Four of Australia's wealthiest outback cattle families plan to make the first entirely domestic offer to buy S.Kidman and Co, the country's largest private land holding, paying more than a rival bid of A $365 million, two of the quartet said. Kidman has already accepted a joint offer by Australia's richest woman Gina Rinehart and Chinese developer...