Mergers and Acquisitions Takeover Bids

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  • CHICAGO, April 7- The U.S. military on Thursday raised concerns with a federal rail regulator over the voting trust Canadian Pacific has proposed as part of its takeover bid for Norfolk Southern and said the deal could adversely affect the country's national defense. In a letter to the U.S. Surface Transportation Board dated April 7, the Department of Defense...

  • April 7- Verizon Communications Inc plans to make a first-round bid for Yahoo Inc's web business next week, Bloomberg reported, citing people familiar with the matter. Alphabet Inc's Google is also thinking of bidding for Yahoo's core business, Bloomberg reported, citing another source. Verizon is willing to buy the Yahoo Japan Corp stake to sweeten the offer,...

  • SAO PAULO, April 6- Cetip SA Mercados Organizados, Brazil's biggest securities clearinghouse, has agreed on most terms of a revamped, unsolicited offer by bourse BM&FBovespa SA, a source with direct knowledge of the matter said on Wednesday. A takeover will make BM&FBovespa the dominant exchange in Brazil, controlling depositary and clearing activities for...

  • SAO PAULO, April 6- Brazil's Cetip SA Mercados Organizados has agreed on most terms of a revamped, unsolicited offer by rival bourse operator BM&FBovespa SA, a source with direct knowledge of the situation said on Wednesday. The boards of BM&FBovespa and Cetip are expected to approve the sweetened terms of the deal within the "next 48 hours," said the source, who...

  • MADRID, April 5- Mexican billionaire Carlos Slim already has majority control of Spanish building and infrastructure company FCC before a full takeover bid is formalised, Spain's stock market regulator said on Tuesday. In a statement, the regulator said because Slim had lent money to FCC's second-biggest shareholder Esther Koplowitz, who owns 22.5 percent...

  • Virgin Group chairman Sir Richard Branson.

    In a blog post, Sir Richard Branson described his disappointment in Virgin America's sale to Alaska Air.

  • The company said it intends to file preliminary proxy materials with the U.S. Securities and Exchange Commission on Monday. Westlake said the total value of the revised proposal is about $3.1 billion, including $1.5 billion of Axiall's debt. Axiall shareholder Brigade Capital Management LP in February urged the company to consider selling itself and...

  • Marriott CEO on Starwood bid

    Arne Sorenson, Marriott International CEO, talks about Anbang's decision to walk away from its deal to buy Starwood Hotels and weighs in on the risks and benefits associated with the likely acquisition.

  • Anbang walks away from Starwood deal

    CNBC's Eunice Yoon reports on why China's Anbang Insurance Group dropped its $14 billion offer for Starwood Hotels and Resorts.

  • Anbang withdraws $14B Starwood bid

    CNBC's Eunice Yoon reports the bidding war for Starwood Hotels is over after China's Anbang Insurance walks away from its offer.

  • GENOA, Italy, March 31- Banca Carige looked set to reject an offer by U.S. fund Apollo for a majority stake after the Italian bank's biggest investor said on Thursday the proposal does not reflect market values, according to his lawyer. New York- based Apollo Global Management has offered to buy Carige's 3.5 billion euro stock of bad loans and plug an ensuing capital...

  • NEW YORK, March 30- A federal judge dismissed an unusual lawsuit in which CVR Energy Inc accused the powerful Manhattan law firm Wachtell, Lipton, Rosen& Katz of malpractice tied to the company's 2012 hostile takeover by billionaire investor Carl Icahn. District Judge Richard Sullivan in Manhattan said he was bound by a February 2015 ruling by a New York state...

  • TOKYO/ TAIPEI, March 30- Taiwan's Foxconn is set to agree on Wednesday to acquire Sharp Corp, gaining a big discount to its original offer after a month of wrangling about potential liabilities that sowed more doubt about whether the two firms will be able to work well together. Foxconn, formally known as Hon Hai Precision Industry Co, is likely to cut its initial 489...

  • TOKYO, March 30- Taiwan's Foxconn is planning to overhaul Sharp Corp's management including replacing its CEO after a multi-billion-dollar takeover of the Japanese display maker expected to be announced on Wednesday, the Yomiuri newspaper reported. Sources have said that the original offer price of 489 billion yen is likely to be reduced by around 100...

  • Origin has said its offer would be financed by SummitView Capital, a Chinese private equity firm. Santa Clara, California- based Affymetrix had delayed a shareholder meeting to vote on Thermo Fisher's $14- per-share offer, after it received a sweetened offer of $17 per share from Origin. Origin had increased the reverse termination fee- the fee an acquirer has to...

  • A Virgin America plane at the San Francisco International Airport.

    Shares of Virgin America soared on Monday on a report that it has attracted bids from JetBlue Airways and Alaska Air.

  • Anbang ups bid for Starwood Hotels

    The "Squawk on the Street" crew discuss the bidding war between Marriott and China's Anbang to buy Starwood Hotels.

  • TOKYO, March 25- Sharp Corp said its annual earnings were likely to fall short of its official guidance citing a slowing China market, a factor that Taiwan's Foxconn is expected to use to lower its offer for the loss-making Japanese display maker. Sources have told Reuters that Sharp will likely to book an annual loss on that scale rather than the 10 billion yen...

  • Yahoo's board battle

    Jennifer Saba of Thomson Reuters Breakingviews, and Steve Odland, CNBC Contributor and former Office Depot CEO, discuss Starboard's proxy fight against Yahoo and what it means for the Internet company.

  • MILAN, March 23- Hitachi has bought more shares in Ansaldo STS to take its overall stake in the Italian-based rail signalling group to just under 50 percent as it strengthens its grip in a growing row with minority shareholders. In a statement on Wednesday the Japanese conglomerate said it had bought a further 6.94 million shares at 10.5 euros each to boost its...