Mergers and Acquisitions Takeover Bids

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  • *USG People surges after Japanese takeover offer. LONDON/ MILAN, Dec 22- European shares edged higher on Tuesday, helped by firmer energy stocks and takeover activity, recovering some ground following a pullback in the previous session prompted by worries over a post-election political stalemate in Spain. "Companies must deliver on the earnings front, the Greek...

  • A big blow to Halliburton-Baker Hughes deal Wednesday, 16 Dec 2015 | 8:00 AM ET
    A big blow to Halliburton-Baker Hughes deal

    The Department of Justice says the offered disposals to diminish the deal's affect on competition are inadequate,

  • SYDNEY, Dec 8- Australian detention camp operator Broadspectrum Ltd on Tuesday advised shareholders to take no action on a takeover offer from Spanish infrastructure giant Ferrovial SA, suggesting it undervalued the company. Broadspectrum, the firm running Australia's controversial offshore camps for asylum seekers, said Ferrovial had not had any access...

  • US STOCKS-Plunging oil prices drag down Wall Street Monday, 7 Dec 2015 | 9:56 AM ET

    *Brent crude near 7- year lows after OPEC's meeting last week. *Keurig soars on $13.9 bln buyout offer. Dec 7- Wall Street was lower at the open on Monday as Brent crude prices fell to their lowest in nearly seven years after OPEC's meeting ended last week without a reference to its output ceiling.

  • SAO PAULO, Dec 3- Cetip SA Mercados Organizados said on Thursday that an unsolicited offer from rival bourse operator BM&FBovespa SA fails to properly value the assets, market position and growth prospects of Brazil's largest securities clearinghouse. In a securities filing, the board of Cetip said the offer of 39 reais a share in a non-binding offer does not...

  • Number of $5 billion-plus takeover deals hits record Friday, 20 Nov 2015 | 6:08 AM ET

    LONDON, Nov 20- A bumper North American railroad bid and three other big tie-ups announced this week have taken the number of takeover deals worth $5 billion or more to a record 128 this year, according to Thomson Reuters data. The week's next biggest M&A deal was a $13.4 billion tie-up between France's Air Liquide and U.S. peer Airgas. U.S. banks Goldman Sachs, Morgan...

  • Nov 19- Several large U.S. funds that boosted their stakes in Allergan Plc in recent months appear to be optimistic about the company's growth prospects, even before Pfizer's reported $150 billion takeover bid for the botox maker. Pfizer Inc is negotiating to buy Allergan, which also makes dry eye treatments, for $370 to $380 per share, a person familiar with the...

  • Nov 19- Several large U.S. funds that boosted their stakes in Allergan Plc in recent months appear to be optimistic about the company's growth prospects, even before Pfizer's reported $150 billion takeover bid for the botox maker. Pfizer Inc is negotiating to buy Allergan, which also makes dry eye treatments, for $370 to $380 per share, a person familiar with the...

  • *Fairchild Semiconductor up after buyout offer. Apple's shares were up 3 percent at $117.07 after Goldman Sachs added the iPhone maker to its "conviction buy" list, saying it sees potential for the stock gaining as much as 43 percent from current levels. "All eyes are on the Fed, while geopolitical concerns remain on the minds of the investors," said Peter Cardillo,...

  • *Fairchild Semiconductor up after buyout offer. *Citrix down after spin off plan, job cuts. Apple's shares were up 3.2 percent at $117.31 after Goldman Sachs added the iPhone maker to its "conviction buy" list, saying it sees potential for the stock gaining as much as 43 percent from current levels.

  • US STOCKS-Indexes set to open higher; Fed minutes awaited Wednesday, 18 Nov 2015 | 9:08 AM ET

    *Fairchild Semiconductor up after buyout offer. *Citrix down after spin off plan, job cuts. French police raided an apartment in Paris on Wednesday, resulting in the death of two militants, while an international soccer match called off in Germany.

  • *Media General says open to further talks with Nexstar. *Media General shares down 1.9 pct, Nexstar up 0.3 pct. Nov 16- Media General rejected Nexstar Broadcasting Group Inc's $4.1 billion takeover offer, saying it significantly undervalued the company, but left the door open for a deal.

  • Nov 16- Insurance software maker Ebix Inc said it made a 450 million-pound takeover approach for Xchanging Plc, making it the latest company to show an interest in the provider of services to the insurance industry. Xchanging's shares rose as much as 9.8 percent to 185 pence, a six-month high, after Ebix's announcement on Monday. Ebix said it made a potential cash...

  • Nov 16- Insurance software maker Ebix Inc said it made a takeover approach for Xchanging Plc, valuing the outsourcing company at about 450 million pounds. Ebix said it sent a letter to Xchanging outlining a potential cash offer for the company at 175 pence per share. Xchanging, which confirmed the talks, has already agreed to a 412 million-pound cash offer from...

  • Nov 16- Media General rejected Nexstar Broadcasting Group Inc's $4.1 billion takeover offer, saying it significantly undervalued the company, but left the door open for a deal. "The proposal substantially discounts Media General's standalone growth prospects," Media General said on Monday. RBC Capital Markets LLC and Goldman Sachs& Co are financial advisers...

  • Media General rejects Nexstar's takeover offer Monday, 16 Nov 2015 | 8:16 AM ET

    Nov 16- Media General rejected a Nexstar Broadcasting Group Inc's $4.1 billion takeover offer, saying it "significantly undervalues" the company. Nexstar offered to buy Media General in a $4.1 billion deal in September. Media General is in the process of buying Meredith Corp..

  • *Qube run by former head of Asciano's ports operations. SYDNEY, Nov 16- Australian rail and ports giant Asciano Ltd said it will allow Qube Holdings Ltd to conduct due diligence after it made an informal $6.3 billion takeover offer just above a rival bid from Brookfield Asset Management Inc.. Asciano, which has already recommended the formal offer from Canada's...

  • Nov 13- Drugmaker Mylan NV's $26 billion hostile bid for Perrigo Co Plc failed on Friday, putting an end to the ongoing saga, which started more than seven months ago. April 8, 2015: Mylan offers to buy Perrigo for about $29 billion in cash and stock in a move that some analysts suggested was an effort to help fend off a $40 billion acquisition by larger rival Teva...

  • European shares open lower; Syngenta rallies Friday, 13 Nov 2015 | 3:21 AM ET

    MILAN, Nov 13- European shares opened lower on Friday and looked set for their steepest weekly fall since early September, but Syngenta soared on a reported takeover offer from China National Chemical. The FTSEurofirst 300 fell 0.5 percent, building on a decline of 1.6 percent in the previous session. Syngenta rallied 10 percent after Bloomberg reported that...

  • Nov 12- Outsourcing company Xchanging Plc, which has already accepted a takeover offer from Capita Plc, has received a proposal from U.S.-based Computer Sciences Corp that values the company at about 421 million pounds. Shares in Xchanging- which offers services ranging from back-office invoice processing to insurance claims settlement- surged over 7...