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Mergers and Acquisitions Takeover Bids

  • LONDON, April 20- Unilever reported a surprise pick up in quarterly sales growth on Thursday, boosting its argument that it can improve performance on its own after spurning a $143 billion takeover offer from Kraft Heinz in February. Chief Financial Officer Graeme Pitkethly said there was always a delay between economic improvements and a pick up in household...

  • LONDON, April 20- European pay-TV group Sky said the number of customers deserting the service in its key home market had remained steady in the third quarter, helping it to reiterate its targets for the full year. The company, which has accepted a buyout offer from Rupert Murdoch's Twenty-First Century Fox, had unnerved investors in January with a rise in...

  • MADRID, April 18- Italian toll-road company Atlantia is looking at the possibility of making a bid for Spanish rival Abertis in a deal that would create an industry giant with a market value of more than 35 billion euros, a source close to the matter said on Tuesday. Atlantia, whose shares fell 3.8 percent after Bloomberg first reported that it was considering a bid...

  • April 12- Staff of the Ontario Securities Commission on Wednesday filed a statement of allegations accusing former Aston Hill Financial Inc executives of securities law violations in connection with a leaked takeover offer in 2014 by online gambling company Amaya Inc.. The OSC staff alleged that Ben Cheng, then president of Aston Hill Financial, became...

  • AMSTERDAM, April 12- Elliott Advisors, the AkzoNobel shareholder that backs rival PPG's planned takeover of the Dutch paint maker, said it would take legal action if Akzo did not give an upcoming shareholder meeting the chance to vote to dismiss its chairman. Along with Akzo's board, Chairman Antony Burgmans opposes the sweetened 24 billion euro takeover bid...

  • Eurogram ups bid for MoneyGram

    CNBC's David Faber reports on the battle between Eurogram and Ant Financial for MoneyGram.

  • AMSTERDAM, April 12- Rebel shareholders in Dutch paint maker Akzo Nobel want to oust the company chairman after Akzo refused to engage in takeover talks with U.S. rival PPG Industries. Elliott Investors, one of Akzo's largest shareholders, said in a statement it was one of a group of investors that meets the Dutch legal threshold of 10 percent support needed to...

  • BERLIN, April 11- Germany's government has rejected the initial bid from a consortium led by Luerssen Werft of Bremen to build five warships because the offer exceeded the budget target of 1.5 billion euros, defence industry sources said. Germany is boosting military spending by nearly 2 billion euros in 2017 to 37 billion euros, or 1.22 percent of gross...

  • BERLIN, April 11- Germany's government has rejected the initial bid from a consortium led by Luerssen Werft of Bremen to build five warships because the offer exceeded the budget target of 1.5 billion euros, defense industry sources said. Germany is boosting military spending by nearly 2 billion euros in 2017 to 37 billion euros, or 1.22 percent of gross...

  • FRANKFURT, April 10- Buyout groups Bain Capital and Cinven won the backing of German generic drugmaker Stada's management with a surprise improvement on its previous takeover proposal, valuing the company at about 5.3 billion euros. The private equity consortium is offering 65.28 euros per share and a dividend of 0.72 euro per Stada share, the company said in a...

  • *Plans 5 bln euro share buyback, dividend growth of 12 pct. LONDON, April 6- Unilever promised shareholders a multi-billion euro rewards package on Thursday after February's $143 billion takeover offer from Kraft Heinz jolted it into a corporate makeover aimed at proving it can go it alone. Unilever, one of Europe's biggest blue-chip stocks, called the Kraft...

  • Unilever CEO: We would look at the right opportunities

    Paul Polman, Unilever CEO, discusses whether the company would consider an selling or merging with another large brand company.

  • Unilever CEO: Finding balance for the shareholder

    Paul Polman, Unilever CEO, talks about creating shareholder value for the short and long term. Also Polman discusses the decision to divest its spreads business.

  • Unilever announces three point strategy for growth: CEO

    Paul Polman, Unilever CEO, talks about the company's strategy to grow valuation.

  • TORONTO, March 30- Canadian Imperial Bank of Commerce said on Thursday it had raised its takeover offer for PrivateBancorp Inc by 20 percent to about $4.9 billion, after some of the Chicago- based lender's shareholders opposed an initial bid. The move came ahead of a June 29 deadline for the deal to be approved and about nine months after the Canadian bank made its...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • Dutch paints and coatings maker AkzoNobel rejected a second takeover proposal from U.S. rival PPG Industries saying an improved offer was too low and too risky.

  • NEW YORK, March 19- The Washington Companies said on Sunday it had previously made a proposal to acquire all of the outstanding common stock of mining company Dominion Diamond Corp. for $13.50 a share. "We are disappointed that Dominion's board has thus far prevented Washington from moving ahead with its proposal under which shareholders would receive a...

  • The Royal Dutch Shell logo

    Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $7.25 billion to Canadian Natural.