GO
Loading...

Enter multiple symbols separated by commas

Mergers and Acquisitions Takeover Bids

More

  • 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...

  • June 3- German chemicals group BASF SE is considering a potential offer for Syngenta AG, its Swiss rival which has received a $45 billion takeover offer from Monsanto Co, people familiar with the matter said on Wednesday. BASF, Syngenta and Monsanto declined to comment. BASF is also a potential buyer of Syngenta's seed business should Monsanto agree to a deal with...

  • LONDON, June 1- Indonesia- focused coal miner Asia Resource Minerals, at the centre of a battle for control between co-founder Nathaniel Rothschild and Asia Coal Energy Ventures, said on Monday that a takeover by ACE was the best option to secure its future. Asia Resource Minerals, previously known as Bumi, has been hit by boardroom disputes and tumbling coal...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $15 billion acquisition agreement, a person familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • Intel nears $15 bln deal to buy Altera - NY Post Friday, 29 May 2015 | 1:07 AM ET

    May 29- Intel Corp is close to a deal to buy smaller chip maker Altera Corp for about $15 billion, the New York Post reported. The deal price could be as much as $54 a share, a 15 percent premium over Altera's Thursday closing price of $46.97, the New York Post reported, citing a source close to the situation. Altera in April rejected an unsolicited $54 per share offer from...

  • MILAN, May 21- Italian investment holding company Exor said on Thursday it would not raise its $6.8 billion takeover offer for PartnerRe but was willing to negotiate with the reinsurer if its board declared its offer superior to that of rival suitor Axis Capital Holdings. Bermuda- based PartnerRe said on Wednesday it was ready to talk to Exor, to see if there was...

  • MILAN, May 20- Bermuda- based reinsurer PartnerRe said on Wednesday it was ready to talk to Italian holding company Exor to see if there was room to improve its $6.8 billion takeover bid. "While we believe that PartnerRe is worth materially more than Exor has offered and the terms they have proposed are deficient, we stand ready to negotiate," PartnerRe Chairman...

  • Telecoms takeover talk helps lift European shares Wednesday, 20 May 2015 | 12:29 PM ET

    *Altice surges 11.6 pct on Suddenlink bid, Vodafone also gains. *Burberry shares slide on profit guidance cut. LONDON, May 20- European shares edged higher on Wednesday, extending the previous session's gains, with the telecoms sector getting a big lift from deal-making and takeover talk.

  • US STOCKS-Dow, S&P touch record highs Monday, 18 May 2015 | 1:04 PM ET

    *Ann rises after Ascena Retail takeover offer. The National Association of Home Builders/Wells Fargo Housing Market index fell to 54 from 56 in April. "Right now with the way things are going, especially with the yield curve getting steeper, it's going to be less and less likely the Fed will raise rates in September," John Burke, CEO of Burke Financial Strategies in...

  • US STOCKS-Wall St down as homebuilder confidence slips Monday, 18 May 2015 | 10:59 AM ET

    *Altera up on report of possible deal with Intel. *Ann rises after Ascena Retail takeover offer. "Right now with the way things are going, especially with the yield curve getting steeper, it's going to be less and less likely the Fed will raise rates in September," John Burke, CEO of Burke Financial Strategies in New York.

  • *Altera up on report of possible deal with Intel. *Ann rises after Ascena Retail takeover offer. If the index does not rise, as expected, stocks could rally, said Adam Sarhan, chief executive of Sarhan Capital in New York.

  • Avon shares soar after fake bid Friday, 15 May 2015 | 7:00 AM ET
    Avon shares soar after fake bid

    An apparently fake bid for Avon is reportedly being reviewed by the SEC.