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Mergers and Acquisitions Takeover Bids

  • Robert Iger, chairman and chief executive officer of Walt Disney Co. and Brian Roberts, Comcast chairman and CEO.

    Disney and Comcast are currently locked in a transatlantic bidding war for one of the entertainment industry’s most coveted assets.

  • FRANKFURT, July 16- Morgan Stanley Infrastructure announced a cash takeover offer for rail logistics group VTG on Monday after securing a large stake from German billionaire Klaus Michael Kuehne. Kuehne Holding AG agreed to sell around 20 percent of VTG for more than 300 million euros, raising Morgan Stanley Infrastructure's stake in the company to 49...

  • LONDON, July 13- Comcast expects to pay the banks, law firms and other advisers on its 25.9 billion pound bid for Sky as much as 243 million pounds if it wins the battle for the British broadcaster, the U.S. cable giant said on Friday. Sky is at the centre of a complex trans-Atlantic bidding war between Twenty-First Century Fox, Comcast and Walt Disney that will...

  • STOCKHOLM, July 13- Swedish healthcare company Capio on Friday rejected a bid worth 661 million euros from the French subsidiary of Australian hospital group Ramsay Health Care, saying it undervalued its business. Capio's shares were up 24.4 percent at 52 Swedish crowns by 1051 GMT, signaling expectations for a higher bid. The company, which has sales of about...

  • LONDON, July 11- Comcast Corp on Wednesday raised its all-cash offer for Britain's Sky to $34 billion, topping a raised bid of $32.5 billion for the pay-TV group from Rupert Murdoch's Twenty-First Century Fox. Fox, which has been trying to buy the pan-European group since December 2016, offered to pay 14 pounds per share, a 12 percent premium to Comcast's earlier...

  • *Murdoch's Fox agrees 14 pounds/shr deal. LONDON, July 11- Rupert Murdoch's 21st Century Fox has raised its offer for Britain's Sky in an agreed deal valuing the pay-TV group at $32.5 billion, seeing off rival bidder Comcast for now. Fox, which has been trying to buy the pan-European group since December 2016, offered to pay 14 pounds per share, a 12 percent premium to...

  • *Murdoch's Fox agrees 14 pounds/shr deal. LONDON, July 11- Rupert Murdoch's 21st Century Fox has raised its offer for Britain's Sky in an agreed deal valuing the pay-TV group at $32.5 billion, seeing off rival bidder Comcast for now. Fox, which has been trying to buy the pan-European group since December 2016, offered to pay 14 pounds per share, a 12 percent premium to...

  • LONDON, July 11- Rupert Murdoch's 21st Century Fox has raised its offer for Britain's Sky in an agreed deal valuing the pay-TV group at $32.5 billion, seeing off rival bidder Comcast for now. Fox, which has been trying to buy the pan-European group since December 2016, has offered to pay 14 pounds per share, a 12 percent premium to Comcast's offer, but below the 14.80...

  • Rupert Murdoch

    Rupert Murdoch’s Twenty-First Century Fox said it had secured a deal to buy Britain’s Sky on Wednesday, ratcheting up the stakes of an ongoing bidding war to acquire the European television group.

  • July 10- Premier Foods' top shareholder is backing the British company's under-fire CEO, even as second-largest investor and vocal critic Oasis Management nearly doubled its stake to vote against Gavin Darby. The British company and Darby have come under pressure since rejecting a 65 pence takeover bid from U.S. spice maker McCormick& Company two years ago,...

  • LONDON, July 6- U.S. satellite group EchoStar said on Friday it was seeking engagement with the board of Inmarsat after the British firm rejected its latest takeover offer worth $3.2 billion to equity holders. EchoStar, which has started to build a small stake in Inmarsat, said the British company had rejected its latest offer on Wednesday, valuing it at 532 pence...

  • LONDON, July 6- U.S. satellite group EchoStar said on Friday it was trying to seek engagement with the board of Inmarsat after the British firm rejected its latest takeover offer worth 2.45 billion pounds to equity shareholders.

  • June 29- Activist investor Oasis Management stepped up its campaign against Premier Foods' management on Friday, questioning the board's culture after its own chairman Keith Hamill called some of the British firm's brands "weak cards." Premier Foods has been under pressure to improve its performance since rejecting a 2016 takeover bid from U.S. food-maker...

  • June 29- Activist investor Oasis Management stepped up its campaign against Premier Foods' management on Friday, questioning the board's culture after its chairman Keith Hamill called some of its British brands "weak cards." Premier Foods has been under pressure to improve its performance since rejecting a 2016 takeover bid from U.S. food-maker McCormick and...

  • LONDON, June 28- Britain's takeover regulator is considering whether Walt Disney might have to make a higher offer for Sky in the wake of the U.S. company's move to hike its bid for Twenty-First Century Fox assets to $71.3 billion. Sky, Rupert Murdoch's Fox, Disney and Comcast are in the midst of complicated takeover battle that revolves around competing offers...

  • *France's JCDecaux also bidding for APN. SYDNEY, June 22- Australian billboard firm APN Outdoor Group sweetened its takeover bid for rival HT&E Ltd's bus stop advertising business on Friday, heating up an international tussle for dominance in Australia's lucrative outdoor ad market. APN has hiked by 8 percent a cash-and-scrip offer which it said values HT&E's...

  • June 22- APN Outdoor Group said on Friday it raised its takeover bid for HT&E Ltd's Adshel businesses in Australia and New Zealand to A $540 million, a day after APN itself received a takeover bid from French advertising company JCDecaux. APN said in a statement its offer includes 54.1 million of its shares, worth A $310 million based on the stock's 5- day volume...

  • Abu Dhabi Capital Management's bid is well below the $125 million offered by New York- based Cerberus Capital Management before Dubai- based Abraaj filed for provisional liquidation in the Cayman Islands last week. Abraaj has been bruised by a row with four of its investors, including the Bill& Melinda Gates Foundation and International Finance Corp, in a $1...

  • The headquarters of Roche AG in Basel, Switzerland.

    Swiss drugmaker Roche Holding AG has agreed to pay $137 per share to buy the rest of Foundation Medicine (FMI).

  • *Vintage Capital sweetens offer to $15/ share. Plano, Texas- based Rent-A-Center has been under pressure from activist investors Engaged Capital and Marcato Capital to sell itself and said last week that a strategic review did not result in a satisfactory takeover offer. Following the announcement, Vintage Capital, which owns nearly 6 percent of the retailer...