Mergers and Acquisitions Takeover Bids

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  • LONDON, Nov 12- Demand for higher-priced beers helped SABMiller to report a pick-up in quarterly underlying sales despite currency headwinds, a day after it formally received a $100- billion- plus takeover bid from industry leader Anheuser-Busch InBev. Yet SABMiller is being hammered by the weakness of various operating currencies including the Colombian...

  • LONDON, Nov 12- Brewer SABMiller reported higher underlying sales for the second quarter on Thursday, a day after larger rival Anheuser-Busch InBev launched a $100 billion- plus takeover bid for it. Excluding the currency impact, SABMiller said earnings and margins improved due to strong growth in Africa and Latin America and its success in selling more...

  • Valeant, Ackman must face U.S. insider trading lawsuit Wednesday, 11 Nov 2015 | 2:58 PM ET

    Nov 11- A U.S. judge said Valeant Pharmaceuticals International Inc and activist hedge fund manager William Ackman must face a lawsuit accusing them of insider trading in Allergan Inc before making an unsuccessful takeover bid for the maker of Botox. The lawsuit was filed on behalf of investors who sold Allergan shares in the two months before the defendants...

  • *Sees savings of $1.4 bln from SABMiller takeover. BRUSSELS/ LONDON, Nov 11- Anheuser-Busch InBev, the world's biggest brewer, launched its $100 billion- plus offer for nearest rival SABMiller on Wednesday and agreed to sell the latter's stake in U.S. venture MillerCoors to help win regulatory approval. AB InBev has also reached an agreement to sell SABMiller's 58...

  • *Boards of Anheuser-Busch Inbev SA/NV and SABMiller Plc are pleased to announce that they have reached agreement on terms of a recommended acquisition. *Deal for each SABMiller shareholder will be entitled to receive: for each SABMiller share: £44.00 in cash. Has agreed that SABMiller shareholders will be entitled to receive any dividends announced,...

  • Apache, Anadarko move lower Tuesday, 10 Nov 2015 | 12:43 PM ET
    Apache, Anadarko move lower

    Anadarko Petroleum and Apache move lower after Bloomberg reports Apache is said to have rejected a takeover offer from Anadarko, with CNBC's Dominic Chu.

  • Nov 10- Australian port and rail firm Asciano Ltd said on Tuesday it had received a takeover proposal from a consortium led by Qube Holdings, challenging a rival offer from Canada's Brookfield Asset Management. The offer from Qube, along with partners Global Infrastructure Partners and Canada Pension Plan Investment Board, implied a value of A $9.25 per...

  • *HomeAway surges after Expedia's buyout offer. Facebook shares rose 5.3 percent to a record high of $109.44 after the company's quarterly results beat estimates. Investors are also awaiting Friday's crucial monthly nonfarm payrolls data to gauge if the Federal Reserve will lift interest rates in December, a likelihood Fed Chair Janet Yellen alluded to on...

  • *HomeAway surges after Expedia's buyout offer. *Qualcomm, Whole Foods down after weak results. "It's going to be a quiet day... as people are going to be squaring positions and getting set up," said Matthew Tuttle, chief executive of Tuttle Tactical Management in Stamford, Connecticut.

  • BRIEF-SABMILLER, AB INBEV SEEK EXTENSION OF TAKEOVER DEADLINE@. *SABMiller and AB InBev have made good progress in agreeing terms of possible offer which will be set out in detail in any announcement of a firm intention to make an offer. *Board of SABMiller has requested that Panel on Takeovers and Mergers further extends relevant PUSU deadline until 5.00 pm on...

  • LONDON, Oct 30- BG Group raised its 2015 production guidance for the second time this year on Friday as Britain's third-biggest energy company posted a sharp but better-than-expected fall in third-quarter earnings. BG, which has accepted a $70 billion takeover offer from Shell, cited higher-than-expected output from fields in Brazil and Australia for its...

  • *Perrigo shares down about 3 pct; Mylan shares down 4.4 pct. Shares of Perrigo- which also said it would cut about 800 jobs, or 6 percent of its workforce- were down about 3.6 percent in morning trading. Mylan has been repeatedly spurned by Perrigo since April, forcing the generic drugmaker to take its buyout offer directly to Perrigo's shareholders.

  • Western Digital reaching deal with SanDisk Wednesday, 21 Oct 2015 | 11:00 AM ET
    Western Digital reaching deal with SanDisk

    The Squawk Alley team discusses Western Digital reaching a deal to buy SanDisk for $19 billion dollars.

  • WDC CEO: SanDisk deal great for shareholders Wednesday, 21 Oct 2015 | 10:55 AM ET
    WDC CEO: SanDisk deal great for shareholders

    Stephen Milligan, Western Digital CEO, discusses the company's $19 billion bid for SanDisk as consolidation continues in the semiconductor sector.

  • *Grainger, Honeywell fall after results. *Youku Tudou rises after buyout offer from Alibaba. Oct 16- U.S. stocks drifted higher after better-than-expected consumer sentiment data and as investors assessed mixed earnings from industrial heavyweights GE and Honeywell.

  • US STOCKS-Wall St little changed on mixed results Friday, 16 Oct 2015 | 10:00 AM ET

    *Grainger, Honeywell fall after results. *Youku Tudou rises after buyout offer from Alibaba. But Honeywell fell about 1 percent to $97.64 even though it also beat profit estimates.

  • *SABMiller soars after accepting ABInBev takeover offer. MILAN, Oct 13- European shares fell on Tuesday following disappointing Chinese import data, dragged down by auto and bank stocks, though SABMiller soared after accepting a 68 billion-pound takeover proposal from rival Anheuser-Busch. SABMiller rose 8.5 percent and Anheuser-Busch was up 1.7 percent.

  • *SABMiller up 9 pct after accepting ABInBev takeover offer. MILAN, Oct 13- European shares opened slightly lower on Tuesday, following losses in Asia overnight, although SABMiller soared after accepting a 68 billion-pounds takeover proposal from rival Anheuser-Busch. SABMiller said it had indicated to AB InBev that its board would be prepared to accept the...

  • LONDON/ BRUSSELS, Oct 12- Anheuser-Busch InBev raised its proposed takeover offer for SABMiller on Monday, as the world's largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world's beer. The maker of Budweiser and Stella Artois said it would offer 43.50 pounds per share in cash to most SABMiller...

  • UPDATE 5-AB InBev raises takeover offer for SABMiller Monday, 12 Oct 2015 | 10:15 AM ET

    LONDON, Oct 12- Anheuser-Busch InBev raised its takeover offer for SABMiller on Monday, as the world's largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world's beer. AB InBev has until 1600 GMT on Wednesday to launch a formal bid for SABMiller, in what would be the biggest UK company takeover ever.