Mergers and Acquisitions Takeover Bids

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  • What would happen to Kit Kat on Hershey deal?

    CNBC's David Faber reports Kit Kat's license would revert back to Nestle from Hershey on any deal between Mondelez and Hershey. Mondelez has offered to buy Hershey for $107 per share.

  • Mondelez offers to rename company as Hershey

    Sources say Mondelez offers to move its headquarters to Pennsylvania, and change its name to Hershey, reports CNBC's David Faber. Mondelez has offered to buy Hershey for $107 per share.

  • Hershey shares jumped 21 percent, touching a record high of $117.79 and giving the company a market capitalization of about $25 billion. The Wall Street Journal first reported on the bid. "The Trust... is outwardly very committed to keeping the company independent," Bernstein analyst Alexia Howard had said in June last year.

  • June 30- Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, has made a takeover bid for Hershey Co, the Wall Street Journal reported. Hershey shares jumped 21 percent on Thursday, touching a record high of $117.79. The company had a market value of $20.7 billion as of Wednesday's close.

  • Mondelez makes bid for Hershey: Dow Jones

    CNBC's David Faber has details of reports Mondelez has made a bid for Hershey.

  • June 30- InterOil Corp, which agreed last month to be acquired by Australia's Oil Search Ltd, said it received an unsolicited offer from an unnamed bidder, with whom it would engage in further talks. InterOil is an attractive takeover target for companies looking to tap the potential of Papua New Guinea's liquefied natural gas reserves as it has 36.5 percent...

  • June 30- InterOil Corp, which agreed last month to be acquired by Australia's Oil Search Ltd, said it had received an unsolicited offer from an unnamed bidder. InterOil said on Thursday that it had agreed with Oil Search to engage in further talks with the third party. In May, InterOil agreed to be acquired by Oil Search in a $2.2 billion deal.

  • CHICAGO, June 29- Monsanto Co is in talks with Bayer AG and other companies regarding "alternative strategic options," a month after it rejected the German company's $62- billion takeover offer, the U.S. seed producer said on Wednesday. "Monsanto remains the partner of choice in this industry and I assure you that we will continue to actively explore these...

  • CHICAGO, June 29- Monsanto Co said on Wednesday it was in talks with Bayer AG and other companies regarding "alternative strategic options," a month after the U.S. seed producer rejected the German company's $62 billion takeover offer. Monsanto, which also reported lower-than-expected sales for the sixth straight quarter, said there was "no formal update on the...

  • June 29- Monsanto Co said it was in talks with Bayer AG's management and others regarding "alternative strategic options," a month after the U.S. seed producer rejected the German company's $62 billion takeover offer. The net income attributable to Monsanto plunged more than 37 percent to $717 million, or $1.63 per share, in the third quarter ended May 31.

  • June 29- Seed company Monsanto Co, which rejected a $62 billion takeover offer from Germany's Bayer AG last month, reported a 8.5 percent fall in quarterly sales as demand declined due to low commodity prices. The net income attributable to Monsanto fell to $717 million, or $1.63 per share, in the third quarter ended May 31 from $1.14 billion, or $2.39 per share, a year...

  • FRANKFURT, June 28- German robotics maker Kuka has signed an investor agreement with Chinese bidder Midea that includes a long-term commitment to keep its existing headquarters, factories and jobs, Kuka said in a statement on Tuesday. Midea made a 4.5 billion-euro bid for Kuka last month, which caused a furore among German politicians. Midea has since said it...

  • LOS ANGELES, June 27- Solar panel maker SolarCity Corp said on Monday it has formed a special committee of just two directors to evaluate Tesla Motors Inc's $2.8 billion takeover offer. SolarCity independent directors Donald Kendall and Nancy Pfund will serve on the committee. Pfund is a venture capitalist whose firm, DBL Partners, has backed Musk companies...

  • BERLIN, June 21- The supervisory board of German industrial robot maker Kuka has given Chief Executive Till Reuter a free hand for negotiations concerning a 4.5 billion euro takeover bid by China's Midea, sources said on Tuesday. The supervisory board includes Hubert Lienhard, head of engineering firm Voith and billionaire Friedhelm Loh, Kuka's two biggest...

  • BERLIN, June 20- German billionaire businessman Friedhelm Loh does not plan to launch a counter offer for German industrial robot maker Kuka, the target of a 4.5 billion euro bid by China's Midea, he told a German newspaper. Kuka is the biggest German industrial technology company to be targeted by a Chinese buyer in a wave of deals over recent months and the bid...

  • Vanke Shenzhen Metro

    DBS Vickers' Carol Wu says China Vanke's deal with Shenzhen Metro would lead to a near-term EPS dilution and might not have long-term benefits.

  • Vanke Shenzhen Metro

    Mizuho Securities Asia's Alan Jin discusses China Vanke's attempt to make Shenzhen Metro its biggest shareholder to avoid a takeover by Baoneng Group.

  • Revlon buying Elizabeth Arden

    CNBC's Seema Mody reports that Revlon is buying Elizabeth Arden at a 50 percent premium in a cash deal.

  • *Says can help Kuka grow in China. FRANKFURT, June 16- China's Midea said it would allow German industrial robot maker Kuka to operate independently and help it expand in China as it formally launched a 4.5 billion-euro offer on Thursday. The Chinese company said it could help Kuka to broaden its product offering in China, the world's largest market for industrial...

  • June 15- An influential shareholder advisory firm recommended on Wednesday that Williams Co Inc stockholders vote in favor fellow pipeline company Energy Transfer Equity LP's takeover bid, a deal that has been in doubt for months. With the drop in oil prices, its value has plunged to about $20 billion from $33 billion when the companies reached an agreement in...