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Mergers and Acquisitions Takeover Bids

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  • FRANKFURT, June 25- Potash Corporation of Saskatchewan Inc is eyeing German peer K+ S for a possible takeover bid, German newspaper Handelsblatt reported on Thursday, citing financial sources. Canada's Potash Corp could offer 40 euros per share, which would value K+ S at more than 7 billion euros, Handelsblatt wrote in a pre-release of a story to be published on...

  • Altice defends 10 bln euro Bouygues Telecom bid Thursday, 25 Jun 2015 | 1:37 PM ET

    PARIS, June 25- European telecoms group Altice defended the terms of its bid for Bouygues Telecom and confirmed it had valued the French mobile operator at "a minimum of 10 billion euros." An Altice statement said it had provided employment guarantees to the French government and to the Bouygues group, which rejected the offer for its telecoms unit earlier this...

  • *Enel does not comment, had said would not cut Endesa stake. MADRID/ LONDON/ MILAN, June 25- Private equity funds CVC and KKR are studying a bid for a "meaningful" stake in Endesa, the Spanish subsidiary of Italy energy group Enel, sources with knowledge of the matter said. Enel declined to comment but sources close to the company said it had no interest in selling part or...

  • HOUSTON, June 23- Williams Companies Inc has spurned Energy Transfer Equity's $48 billion takeover offer for now but a tie-up would give the company a dominant position in the fastest-growing natural gas market in the United States: the Northeast's Marcellus Shale. The deal, which would be one of the largest pipeline acquisitions ever, also would give Energy...

  • *Bouygues board to meet at 1600 GMT Tuesday- source. Patrick Drahi, the billionaire backer of Altice, the majority owner of France's second-biggest telecom operator Numericable-SFR, wants to buy smaller rival Bouygues Telecom as part of a deal-making spree that has seen him buy four companies in the past 18 months. Sources earlier told Reuters his bid valued...

  • *Telecoms outperform after Bouygues approach. LONDON, June 22- European shares surged to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors. The telecoms sector outperformed the broader market after a takeover bid for France's Bouygues Telecom...

  • *Telecoms outperform after Bouygues approach. LONDON, June 22- European shares surged to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors. The telecoms sector outperformed the broader market after a takeover bid for France's Bouygues Telecom...

  • *Telecoms outperform after Bouygues approach. LONDON, June 22- European shares climbed to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors. The telecoms sector outperformed the broader market after a takeover bid for France's Bouygues Telecom...

  • June 22- Ferrero, the maker of Nutella spread, has offered to buy British chocolate company Thorntons Plc for 112 million pounds, a rare acquisition by the Italian group. It marks the first move by the maker of Ferrero Rocher pralines since the death of its patriarch Michele Ferrero earlier this year. The company, a familiar name in Britain, has been struggling in...

  • NEW YORK, June 19- Shares of mall operator Macerich Co fell as much as 7.3 percent on Friday on reports rival Simon Property Group Inc was selling a 3.6 percent stake, months after its failed takeover bid. The shares had been offered in a range of $80.50 to $81 a share, lower than Macerich's close of $82.45 a share on Thursday, sources said. Simon in March offered $95.50 a...

  • June 19- Office Depot Inc said its shareholders voted overwhelmingly in favor of the $6.3 billion buyout offer from larger rival Staples Inc, in a deal that would combine the two largest U.S. office suppliers. Staples said it would buy Office Depot in February in a cash-and-stock deal, following calls by activist investor Starboard Value L.P. for a merger, saying a...

  • June 19- Office supply retailer Office Depot Inc said its shareholders voted in favor of the $6.3 billion buyout offer from larger rival Staples Inc.. The shareholders approval is yet another step in the creation of an office supply megastore, set to be the largest in the United States. Office Depot said 99.5 percent of the votes cast were in favor of the deal, which...

  • LONDON, June 18- Asset management company Baillie Gifford, oil producer Dragon Oil's largest independent investor, said an increased takeover offer from majority owner Emirates National Oil Co "materially undervalued" the company. ENOC, which owns 54 percent of Dragon Oil, increased its bid to buy out minority shareholders to 750 pence per share on Tuesday,...

  • LONDON, June 18- Baillie Gifford, the largest independent investor in the Dublin- based Dragon Oil, said the takeover offer from majority owner Emirates National Oil Co "materially undervalued" the company. ENOC, which owns 54 percent of Dragon Oil, raised its offer this week to buy out the minority shareholders to 750 pence per share, valuing the stock it does not...

  • US STOCKS-U.S. stocks lower amid Greek debt worries Monday, 15 Jun 2015 | 12:59 PM ET

    *Cigna touches record high after Anthem takeover offer report. Talks between Greece and its creditors broke up after less than an hour on Sunday, raising the prospect of Athens being unable to repay $1.8 billion owed to the International Monetary Fund by the end of this month. "The market has had a long time to prepare for and has done what it can with what it sees on...

  • June 15- Health insurer Cigna Corp has rebuffed a takeover offer from larger rival Anthem Inc that valued the company at about $45 billion, the Wall Street Journal reported. Cigna shares jumped 18 percent to a record high of $162.16 on Monday, while Anthem's stock was up 2 percent at $163.98 on the New York Stock Exchange. At $175 per share, Cigna would be valued at...

  • June 15- Health insurer Cigna Corp has rebuffed a takeover offer from Anthem Inc, CNBC tweeted, citing Dow Jones. Cigna shares soared 18 percent to a record high of $62.16 on the New York Stock Exchange, while Anthem stock was up 2 percent at $163.98. Anthem and Cigna were unavailable for a comment.

  • LONDON, June 15- Dragon Oil Plc said it agreed to an increased takeover offer by Emirates National Oil Co after the Dubai- based group increased its offer to buy out the company's minority shareholders. Shares in Dragon Oil rose as much as 9.6 percent to 734 pence on the London Stock Exchange on Monday morning. Dragon Oil, which produces oil from the Cheleken field in...

  • FRANKFURT, June 8- German regional wireless operator Airdata has challenged the EU's approval of Telefonica Deutschland's 8.6 billion euro acquisition of E-Plus, saying concessions offered to allay competition concerns did not go far enough. The takeover completed last year reduced the number of national mobile carriers in Germany to three from four,...

  • LONDON, June 8- Shares in Diageo Plc, the world's largest spirits maker, rose about 7 percent on Monday following a report in the Brazilian press saying private equity firm 3 G Capital was considering a bid for it. But a leveraged buyout of Diageo would be the largest in history and well beyond anything 3 G has done, said Jefferies analysts, who estimated that the...