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Mergers and Acquisitions Takeover Bids

  • JOHANNESBURG, Sept 15- PPC, South Africa's biggest cement producer, said on Friday it expected Canada's Fairfax Africa Investments to raise its 9.2 billion-rand takeover offer. The all-share offer from AfriSam and Fairfax on Sept. 4 valued PPC shares at 5.75 rand but expectations of a higher bid, either from Fairfax or others such as Nigeria's Dangote Cement,...

  • *Bain confirms new members in new bid for Toshiba chip unit. TOKYO, Sept 15- Bain Capital, now in the lead to buy Toshiba Corp's prized memory chip unit, said on Friday it has brought in Dell Inc and other tech firms as new members of its consortium to bolster its bid. Sources have said that the Bain group also included Apple Inc and the offer was worth 2.4 trillion yen,...

  • *Dangote Cement interested in acquiring all of PPC's shares. JOHANNESBURG, Sept 14- Africa's richest man Aliko Dangote has joined the race to buy South African cement maker PPC, which is already the subject of a takeover bid valuing the company at $700 million. Dangote Cement, which is controlled by Dangote and is the biggest cement maker in Africa with a capacity...

  • *Bain group last week raised its bid to $22 billion. TOKYO, Sept 12- Toshiba Corp now favours a group led by Bain Capital LP and SK Hynix Inc to buy its prized semiconductor business, as it failed to bridge key gaps with its business partner and rival bidder Western Digital Corp, two people briefed on the matter said on Tuesday. Yoshimitsu Kobayashi, an external Toshiba...

  • *Bain group last week raised its bid to $22 billion. TOKYO, Sept 12- Toshiba Corp now favors a group led by Bain Capital LP and SK Hynix Inc to buy its prized semiconductor business, as it failed to bridge key gaps with its business partner and rival bidder Western Digital Corp, two people briefed on the matter said on Tuesday. Yoshimitsu Kobayashi, an external Toshiba...

  • TOKYO/ HONG KONG, Sept 11- U.S. hedge fund Elliott Management Corp said on Monday it has a stake of just over 5 percent in Hitachi Kokusai Electric, putting pressure on a stalled takeover bid by U.S. buyout firm KKR& Co LP. Elliott's stake pits two Wall Street heavyweights against each other and underscores the increasing convergence of private equity investing and...

  • TOKYO, Sept 9- A group including Bain Capital and South Korea's SK Hynix has raised its offer for Toshiba Corp's chip business to 2.4 trillion yen including a 200 billion yen investment in infrastructure, sources familiar with the matter said. Last week it said it was considering three competing offers including one led by Taiwan's Hon Hai, also known as Foxconn.

  • LONDON, Aug 30- Britain's Co-operative Group is in exclusive talks to buy Nisa, entering the fray days after larger rival Sainsbury's suspended its own bid talks for the wholesale group. Britain's biggest retailers have set their sights on operators within the fast-growing convenience store sector after Tesco agreed to buy Booker for 3.7 billion pounds.

  • Rupert Murdoch has pulled his Fox News channel from the Sky platform in Britain, where the government is assessing a bid by the media mogul to buy the broader Sky pay-TV company for $15 billion.

  • LONDON, Aug 29- Rupert Murdoch has pulled his Fox News channel from the Sky platform in Britain, where the government is assessing a bid by the media mogul to buy the broader Sky pay-TV company for $15 billion. In a statement, Murdoch's Twenty-First Century Fox said it had decided it was no longer in its commercial interest to provide Fox News in Britain, where only a...

  • LONDON, Aug 29- Rupert Murdoch has pulled his Fox News channel from the Sky platform in Britain, where the government is assessing a bid by the media mogul to buy the broader Sky pay-TV company for $15 billion. In a statement, Murdoch's Twenty-First Century Fox said it had decided it was no longer in its commercial interest to provide Fox News in Britain, where only a...

  • Angela Merkel

    New German regulations aim to prevent takeovers of core domestic industries by an increasingly acquisitive China. But could they hurt the economy more than they help?

  • Bill Ackman made good points about ADP but not enough: Jim Cramer

    CNBC's Jim Cramer says Pershing Square's Bill Ackman made some good points in his proxy battle with ADP but not enough given the stock's performance.

  • There's real issues with ADP: Jim Cramer

    The "Squawk on the Street" news crew talks about Bill Ackman's battle for board seats at ADP.

  • Bill Ackman's about an 11 on a scale of 0 to 10 in difficult to deal with: Fmr. ADP chairman

    Leslie Brun, former ADP chairman, talks about the proxy fight between activist investor Bill Ackman and Automatic Data Processing.

  • Bill Ackman's ADP proxy fight heats up

    CNBC's Leslie Picker provides a preview of Bill Ackman's presentation on ADP.

  • LONDON, Aug 9- Hedge fund manager Crispin Odey is considering withdrawing his support for Twenty-First Century Fox's attempt to take over Sky, saying the 11.7 billion-pound offer undervalues the British pay TV broadcaster. His change of stance comes after Rupert Murdoch's attempt to take full control of Sky faced a further delay after the British...

  • LONDON, Aug 9- Hedge fund manager Crispin Odey has said he is considering withdrawing his support for Twenty-First Century Fox's attempt to take over Sky, saying he believes the 11.7 billion pound deal undervalues the British broadcaster. Odey, who is the 15th biggest Sky shareholder with a 1 percent stake according to Thomson Reuters data, had said he backed the...

  • LONDON, Aug 9- U.S. card firm Vantiv has made a formal offer to buy Britain's biggest payments processor Worldpay for 8 billion pounds, five weeks after the deal was first announced. Worldpay said on Wednesday that Vantiv has offered 55 pence in cash, 0.0672 of a new Vantiv share, an interim dividend of 0.8 pence per Worldpay share and a special 4.2 pence dividend,...

  • Aug 4- Activist investor Elliott Management Corp on Friday disclosed a 6 percent stake in chipmaker NXP Semiconductors NV, which is being bought by Qualcomm Inc for $38 billion, and indicated it could engage in talks to boost the offer price. "While we believe NXP could be worth $110 or more on a stand-alone basis, some investors believe that Qualcomm should pay up...