Mergers and Acquisitions Takeover Bids

More

  • GENOA, Italy, March 31- Banca Carige looked set to reject an offer by U.S. fund Apollo for a majority stake after the Italian bank's biggest investor said on Thursday the proposal does not reflect market values, according to his lawyer. New York- based Apollo Global Management has offered to buy Carige's 3.5 billion euro stock of bad loans and plug an ensuing capital...

  • NEW YORK, March 30- A federal judge dismissed an unusual lawsuit in which CVR Energy Inc accused the powerful Manhattan law firm Wachtell, Lipton, Rosen& Katz of malpractice tied to the company's 2012 hostile takeover by billionaire investor Carl Icahn. District Judge Richard Sullivan in Manhattan said he was bound by a February 2015 ruling by a New York state...

  • TOKYO/ TAIPEI, March 30- Taiwan's Foxconn is set to agree on Wednesday to acquire Sharp Corp, gaining a big discount to its original offer after a month of wrangling about potential liabilities that sowed more doubt about whether the two firms will be able to work well together. Foxconn, formally known as Hon Hai Precision Industry Co, is likely to cut its initial 489...

  • TOKYO, March 30- Taiwan's Foxconn is planning to overhaul Sharp Corp's management including replacing its CEO after a multi-billion-dollar takeover of the Japanese display maker expected to be announced on Wednesday, the Yomiuri newspaper reported. Sources have said that the original offer price of 489 billion yen is likely to be reduced by around 100...

  • Origin has said its offer would be financed by SummitView Capital, a Chinese private equity firm. Santa Clara, California- based Affymetrix had delayed a shareholder meeting to vote on Thermo Fisher's $14- per-share offer, after it received a sweetened offer of $17 per share from Origin. Origin had increased the reverse termination fee- the fee an acquirer has to...

  • A Virgin America plane at the San Francisco International Airport.

    Shares of Virgin America soared on Monday on a report that it has attracted bids from JetBlue Airways and Alaska Air.

  • Anbang ups bid for Starwood Hotels

    The "Squawk on the Street" crew discuss the bidding war between Marriott and China's Anbang to buy Starwood Hotels.

  • TOKYO, March 25- Sharp Corp said its annual earnings were likely to fall short of its official guidance citing a slowing China market, a factor that Taiwan's Foxconn is expected to use to lower its offer for the loss-making Japanese display maker. Sources have told Reuters that Sharp will likely to book an annual loss on that scale rather than the 10 billion yen...

  • Yahoo's board battle

    Jennifer Saba of Thomson Reuters Breakingviews, and Steve Odland, CNBC Contributor and former Office Depot CEO, discuss Starboard's proxy fight against Yahoo and what it means for the Internet company.

  • MILAN, March 23- Hitachi has bought more shares in Ansaldo STS to take its overall stake in the Italian-based rail signalling group to just under 50 percent as it strengthens its grip in a growing row with minority shareholders. In a statement on Wednesday the Japanese conglomerate said it had bought a further 6.94 million shares at 10.5 euros each to boost its...

  • Origin raised its takeover offer to $17 per share after Affymetrix spurned an earlier bid of $16.10 per share, saying Origin's funds fell short of what would be required to complete the transaction, including a termination fee payable to Thermo Fisher. The new bid represents an 18.3 percent premium to Affymetrix's Tuesday's close of $14.37.

  • March 20- U.S. gene-testing company Affymetrix Inc's board on Sunday rejected a $1.5 billion bid by Origin Technologies Corp, saying it stood by a $1.3 billion merger deal with Thermo Fisher Scientific Inc.. Thermo Fisher, the world's largest maker of scientific instruments, agreed in January to buy Affymetrix for $1.3 billion in cash. In reviewing the Origin...

  • March 20- Freedom Communications Inc, the bankrupt publisher of two California newspapers, said it would accept a $51.8 million takeover bid from Digital First Media instead of a higher offer from Los Angeles Times owner Tribune Publishing Co.. The Department of Justice on Thursday filed a lawsuit aimed at blocking Tribune from acquiring papers in nearby...

  • March 20- Freedom Communications Inc, the bankrupt publisher of two California newspapers, said it would accept a $51.8 million takeover bid from Digital First Media instead of a higher offer from Los Angeles Times owner Tribune Publishing Co. The Department of Justice on Thursday filed a lawsuit aimed at blocking Tribune from acquiring papers in nearby...

  • March 18- A group of former Affymetrix Inc executives offered to buy the gene testing and analysis provider for about $1.5 billion, looking to derail the company's deal with Thermo Fisher Scientific Inc.. The company's shares rose above the offer price to $16.15, before giving back some of the gains to be up at $16.04 in afternoon trading. The bid from Origin...

  • LONDON, March 15- Private equity firm Terra Firma has rejected two bids from a Chinese company for leasing group AWAS worth up to $2.2 billion in the latest evidence of attempted dealmaking in the aircraft financing business, two people familiar with the matter said. China's HNA Group made two offers for the leasing company after buying Ireland's Avolon...

  • MILAN, March 15- Italy's Campari, the world's sixth largest spirits company, said on Tuesday it would launch a friendly takeover bid for Grand Marnier valuing the French liqueur maker at 684 million euros. Campari, best known for its Spritz cocktail containing the orange aperitif Aperol, has grown through a slew of acquisitions since 1995 and it hopes the French...

  • MILAN, March 15- Italy's Campari is set to launch a takeover bid for Grand Marnier after striking an agreement with the French cognac maker's controlling family shareholders to buy their stake in a 684 million euro deal.

  • Cramer on HOT-Anbang: I like this deal

    CNBC's Jim Cramer talks about China's Anbang Insurance takeover bid for Starwood Hotel.

  • Starwood gets $76 per share  bid

    Patrick Scholes, SunTrust Equity Research, discusses Starwood Hotel's unsolicited takeover bid by China's Anbang Insurance Group.