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Mergers and Acquisitions Takeover Bids

  • RABAT, Dec 28- The court-appointed manager of Morocco's only oil refiner, Samir, has received a $3 billion offer for the business from a foreign conglomerate, he said on Wednesday, without naming the bidder. "We were planning to launch expressions of interest this week, but we have received an offer of 31 billion dirham from a foreign conglomerate," Mohamed El-Krimi,...

  • NEW YORK, Dec 20- The surprise selection of Michel Vounatsos to run Biogen Inc signals a shift toward a more commercial management focus after years of targeting ambitious scientific gains, and likely keeps the U.S. biotech in play as a takeover target. Vounatsos joined Biogen as chief commercial officer in April after 20 years leading various commercial...

  • *Suez shares top performer on Paris' SBF-120. PARIS, Dec 20- Shares in French utility Suez climbed on Tuesday after business radio station BFM reported that Engie- which already owns 33 percent of Suez- was examining a full takeover bid. BFM reported that Engie's chief executive, Isabelle Kocher, had been lobbying leading French conservative and centre-right...

  • *Suez shares top performer on Paris' SBF-120 market. PARIS, Dec 20- Shares in French utility Suez climbed on Tuesday after business radio station BFM reported that Engie- which already owns 33 percent of Suez- was examining a full takeover bid for it. Suez shares rose by around 4 percent, making them the top-performing stock on France's SBF-120 equity index, which was...

  • HONG KONG, Dec 18- China Vanke Co Ltd, the mainland's biggest property company by sales, said on Sunday it was terminating a key agreement to acquire a property development arm of Shenzhen Metro Group after it failed to get the approval of some of its major shareholders. Fearing a hostile takeover attempt by Baoneng, Vanke announced in June it had agreed to buy the...

  • Vivendi, led by French billionaire and corporate raider Vincent Bollore, became Mediaset's No. 2 shareholder behind Fininvest- the holding company of former prime minister Silvio Berlusconi- when it reached an initial goal of building a 20 percent stake this week. The Italian government cautioned Vivendi against mounting a hostile takeover bid for Mediaset,...

  • He bought Viacom through a hostile takeover in 1987, and later added Paramount Pictures and CBS. He split Viacom from CBS in 2006.. The announcement that Redstone is stepping down from the board came just days after he and Shari Redstone withdrew a proposal for CBS and Viacom to explore a merger.

  • NEW YORK/ ZURICH, Dec 14- Switzerland's Actelion Ltd confirmed it was in talks about a "strategic transaction", with a report that Sanofi had filled the gap left after U.S. healthcare group Johnson& Johnson ended its takeover bid. Actelion's shares were indicated 3.7 percent lower on Wednesday after The Wall Street Journal, citing people familiar with the matter,...

  • Dec 13- U.S. healthcare company Johnson& Johnson said on Tuesday it has ended discussions with Actelion regarding a potential deal with Europe's largest biotech firm. Actelion informed Johnson& Johnson that it was confident it could attract an offer significantly higher than the approximately 250 Swiss Francs per share that the U.S company had offered,...

  • MILAN/ PARIS, Dec 13- French tycoon Vincent Bollore has raised the stakes in a battle with Silvio Berlusconi's Mediaset by saying Vivendi could buy up to a fifth of the Italian broadcaster, stirring talk of a hostile takeover bid. On Monday the French firm had said it had 3 percent of Mediaset but aimed to raise that to 20 percent as part of plans to expand in southern...

  • MILAN/ PARIS, Dec 13- French tycoon Vincent Bollore has raised the stakes in a battle with Silvio Berlusconi's Mediaset by saying Vivendi could buy up to a fifth of the Italian broadcaster, stirring talk of a hostile takeover bid. The French company on Monday had said it had 3 percent of Mediaset but aimed to raise that to 20 percent as part of plans to expand in...

  • By Agnieszka Flak and Gwénaëlle Barzic. MILAN/ PARIS, Dec 13- French tycoon Vincent Bollore has raised the stakes in a battle of nerves with Silvio Berlusconi's Mediaset by saying Vivendi could buy up to a fifth of the Italian broadcaster, stirring talk of a hostile takeover bid. Vivendi, led by chairman and biggest shareholder Bollore, now owns 3 percent of...

  • Vivendi, the top investor in Italian broadcaster Mediaset, took its first step in launching a hostile takeover bid.

  • MILAN, Dec 13- Shares in Italian broadcaster Mediaset jumped more than 20 percent on Tuesday on the expectations of a possible hostile takeover bid by French media group Vivendi, which has declared it wants to build a 20 percent stake in Mediaset. Vivendi, led by chairman and biggest shareholder Vincent Bollore, said on Monday that it now owns 3 percent of Mediaset...

  • *UK government said has not yet received formal notification. LONDON, Dec 12- Rupert Murdoch's Twenty-First Century Fox aims to table a firm cash bid valuing British broadcaster Sky at 10.75 pounds per share as early as Wednesday for the 61 percent of the company it does not already own, four people familiar with the matter said. That is a court-approved agreement...

  • *UK government said has not yet received formal notification. LONDON, Dec 12- Rupert Murdoch's Twenty-First Century Fox aims to table a firm cash bid valuing British broadcaster Sky at 10.75 pounds per share as early as Wednesday for the 61 percent of the company it does not already own, four people familiar with the matter said. The two companies have agreed to...

  • LONDON, Dec 12- Rupert Murdoch's Twenty-First Century Fox aims to table a firm cash bid valuing British broadcaster Sky at 10.75 pounds per share as early as Wednesday to help him buy the rest of the company, four people familiar with the matter said. The two companies have agreed to press ahead with a scheme of arrangement which is a court-approved agreement...

  • LONDON, Dec 11- A major shareholder in British pay-TV company Sky will vote against Twenty-First Century Fox's $14 billion takeover bid, the investor told Reuters on Sunday, while another said it is unhappy about the offer. The deal would give Fox control of a pay-TV network spanning 22 million households in Britain, Ireland, Austria, Germany and Italy.

  • LONDON, Dec 11- A major shareholder in British pay-TV Sky told Reuters on Sunday that it would vote against a takeover bid from Rupert Murdoch's Twenty-First Century Fox as the offer was too low. On Friday, Rupert Murdoch's Fox made an offer of 10.75 pounds a share in cash, backed by Sky's independent directors, in its second attempt to buy the 61- percent of the firm...

  • MAJOR SKY SHAREHOLDER TELLS REUTERS THAT FOX'S 10.75 STG/ SHARE TAKEOVER BID "FAR TOO LOW", WILL VOTE AGAINST IT.