Deals and IPOs Takeover Bids

  • Marlboro cigarettes, produced by Altria Group

    Altria shares rallied Wednesday on reports that the Marlboro cigarette maker is in talks to buy a stake in Canadian marijuana company Aphria.

  • *KKR buys 17 pct stake from Bain Capital, owns 19.9 pct. SYDNEY, Oct 8- KKR& Co has launched a A $1.75 billion takeover offer for MYOB Group after buying almost a fifth of the Australian accounting software provider, as the U.S. private equity firm grows its portfolio of tech businesses. The MYOB bid, if successful, would become one of KKR's biggest acquisitions in...

  • *KKR buys 17 pct stake from Bain Capital, owns 19.9 pct. SYDNEY, Oct 8- Australian accounting software provider MYOB Group said U.S. private equity firm KKR& Co has launched a conditional A $1.75 billion takeover offer for the company after buying a 19.9 percent stake. The announcement revealed KKR had purchased 17 percent of the company's shares from an affiliate...

  • *Stake could be sold in one go- labor representative. *In Germany 30 pct threshold triggers takeover offer. DUISBURG, Germany/ FRANKFURT, Oct 4- Thyssenkrupp will keep a stake of around 30 percent in the capital goods business it plans to spin off, a labor representative at the German conglomerate said, paving the way for an eventual takeover bid once it decides to sell...

  • NEW YORK, Sept 28- A federal judge in Manhattan on Friday dismissed an unusual lawsuit in which billionaire investor Carl Icahn accused the law firm Wachtell, Lipton, Rosen& Katz of malpractice related to his 2012 hostile takeover of CVR Energy Inc.. District Judge Richard Sullivan said CVR failed to show that Wachtell and two of its partners, Benjamin Roth and...

  • The logo of German consumer chemicals giant Henkel can be seen at the company's plant in Duesseldorf, western Germany, on January 18, 2016. 

    "We continue to see acquisition potential," Carsten Knobel said. "We have defined, and implemented, M&A as an integral part of our strategy in our current strategy cycle."

  • LAGOS, Sept 19- Coca-Cola is moving ahead with plans to take over Nigeria's leading juice company Chi Ltd and aims to complete the deal early next year, a senior executive told Reuters. Juice sales form a central plank of the U.S. company's attempt to offer drinks at a range of price points in Nigeria to improve affordability in a country where Njonjo sees high...

  • A drawn-out bidding war for one of the entertainment industry's most coveted assets will be decided by a sealed bids auction, unless there is a best-and-final offer by the end of the week.

  • SandRidge Energy' implied liquidation value, obtained by totaling the highest cash bids, amounted to about $12 to $13 per share, which "meaningfully undervalues" the company, it said in a statement. The company in June had announced it would review its operations, a month after activist investor Carl Icahn won a battle for control of the company, taking five seats on...

  • LONDON, Sept 10- Britain's top share index gave up early gains on Monday after the pound rose sharply on comments by the European Union's Brexit negotiator, while mid-cap packaging company RPC surged on news of takeover talks with private equity firms. The FTSE -100, which is dominated by international exporters, tends to fall when sterling firms and vice versa.

  • U.S. hedge fund Elliott rejected Vivendi's criticism of the management situation at Telecom Italia Monday, saying the French media conglomerate seems to have fallen prey to "short termism." 

  • Sept 5- Nevsun Resources Ltd, Zijin Mining Group Co Ltd:. *NEVSUN FIRST CONSIDERED ZIJIN MINING AS STRATEGIC INVESTOR BEFORE ZIJIN BUYOUT BID- CHIEF EXECUTIVE PETER KUKIELSKI. *ZIJIN EXPRESSED INTEREST IN MAKING NEVSUN TAKEOVER BID WITH ITS STRATEGIC INVESTMENT PROPOSAL- NEVSUN CEO.

  • *Scor shares up 8.4 percent to 38.42 euros. *French insurer Covea had offered to pay 43 euros a share. Covea, which already owns an 8.2 percent stake in Scor, said in a statement that it had withdrawn its offer to pay 43 euros per Scor share, which valued the company at around 8.21 billion euros, but added it remained interested in buying the re-insurer in a friendly...

  • PARIS, Sept 4- Privately-held insurance company Covea announced on Tuesday that reinsurer Scor had rejected an acquisition offer but said it still remained interested in a friendly tie-up. Covea, which already owns an 8.22 percent stake in Scor, said in a statement that it had offered to pay 43 euros per Scor share on Aug. 24. The offer, which was turned down by Scor's...

  • Whitbread CEO says shareholders will be ‘absolutely delighted’ with deal to sell Costa to Coca Cola

    Alison Brittain, CEO of Whitbread, says the company’s move to sell Costa to Coca-Cola is a good deal for both companies.

  • Coca-Cola clearly wanted to pay ‘top dollar’ for Costa, analyst says

    Jon Cox, head of European consumer equities at Kepler Cheuvreux, discusses Whitbread's move to sell Costa to Coca-Cola.

  • *Consortium offered $46 per share for Yum China- sources. HONG KONG, Aug 29- Fast-food chain operator Yum China Holdings Inc has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia's biggest deals this year, people with direct knowledge of the matter said.

  • HONG KONG, Aug 29- Fast-food chain operator Yum China Holdings Inc has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia's biggest deals this year, a person with direct knowledge of the matter said. The Hillhouse-led consortium, which would also include...

  • *Hillhouse offers $46 per share for Yum China. HONG KONG, Aug 29- Yum China Inc has rejected a buyout offer from a consortium of investors led by Chinese investment firm Hillhouse Capital Group, a person close to the situation said. The Hillhouse-led consortium, which would also include regional investment house Baring Private Equity Asia, expressed an interest...

  • Aug 28- Yum China Holdings Inc, the operator of KFC, Pizza Hut and Taco Bell restaurants in China, has rejected a buyout offer from a consortium of investors that valued the company at more than $17 billion, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter. The group, which included private-equity firms KKR& Co and Baring Private...