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Mergers and Acquisitions Takeover Bids

  • 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,...

  • LONDON— Britain's culture ministry is asking the country's broadcast regulator to take a new look at the takeover bid by Twenty-First Century Fox Inc. for satellite broadcaster Sky. Ofcom has previously said the takeover could give Murdoch and his family too much influence over Britain's media. Murdoch's critics have been emboldened by allegations that...

  • 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...

  • Faber Report: Pershing Square targets ADP

    CNBC's David Faber reports Bill Ackman's Pershing Square is seeking five ADP board seats and wants to change the company's chief executive.

  • Bill Ackman seeks control of ADP

    CNBC's Leslie Picker reports Pershing Square's Bill Ackman also wants to see ADP CEO Carlos Rodriguez replaced.

  • *France, Italy target Sept. 27 deadline for STX shipyard solution. ROME/ MILAN, Aug 1- France and Italy want to find a solution for Italian shipbuilder Fincantieri's blocked takeover bid for STX France shipyards by Sept. 27, French Finance Minister Bruno Le Maire said on Tuesday. "Our strategic objective is for France and Italy to build the Airbus of the naval world, in...

  • MUMBAI, July 26- Indian online marketplace Snapdeal has accepted Flipkart's revised takeover offer of up to $950 million, two sources said on Wednesday, providing heft to its bigger rival in a high-stakes battle with Amazon.com Inc. The board of Jasper Infotech, which runs Snapdeal, approved Flipkart's bid of $900 million- $950 million last week, the sources who...

  • BERLIN, July 25- German engineering company and auto supplier ZF Friedrichshafen was recently in advanced takeover talks with U.S. commercial vehicle parts supplier Wabco Holdings before they broke down, the Wall Street Journal reported on Tuesday. The talks collapsed after due diligence because of resistance from ZF's board, the newspaper said.

  • *Akzo Nobel to hold shareholders meeting on Sept. 8. AMSTERDAM, July 25- Dutch paintmaker Akzo Nobel's chairman will step down next April, having angered some major investors by fighting off a 26.3 billion euro takeover bid by U.S. rival PPG Industries. "The question now is whether Akzo's board will stay unanimous in its resistance of PPG," analyst Joost van Beek of...

  • AMSTERDAM, July 25- Dutch paintmaker Akzo Nobel's chairman will step down next April, having angered some major investors by fighting off a 26.3 billion euro takeover bid by U.S. rival PPG Industries. "The question now is whether Akzo's board will stay unanimous in its resistance of PPG," said analyst Joost van Beek of Theodoor Gilissen said. Akzo said it will hold an...

  • *FTSE 100 up 0.7 pct. LONDON, July 25- Strong results and buoyant basic resource stocks boosted Britain's blue-chip index on Tuesday, as small-cap luxury shoemaker Jimmy Choo soared 17 percent after an agreed bid by U.S. retailer Michael Kors. Britain's FTSE 100 jumped 0.7 percent, erasing the previous session's losses as results from Informa and Segro impressed.

  • AMSTERDAM, July 25- Netherlands- based drinks bottler Refresco said on Tuesday it had agreed to buy the bottling activities of Canada- based Cott Corp for $1.25 billion, a move that will increase its capacity in the United States. The deal comes three months after Refresco rejected a $1.5 billion takeover offer from French private equity investor PAI Partners,...

  • Dutch paintmaker Akzo Nobel, grappling with the consequences of rebuffing a 26.3 billion euro takeover bid by U.S. rival PPG Industries, on Tuesday announced earnings below market expectations.

  • July 24- Rent-A-Center Inc snubbed takeover interest from private equity firms HIG Capital and Lone Star Funds before it turned down an offer of $800 million from buyout firm Vintage Capital this month, people familiar with the matter said on Monday. HIG and Lone Star did not offer a price for the company, but each said it would pay a premium for the business, the...

  • AMSTERDAM, July 21- The resignation of Akzo Nobel's CEO poses a dilemma for the Dutch paintmaker as a shareholders' meeting to approve his replacement could open the way for a vote on chairman Antony Burgmans, who is under pressure for rejecting a takeover bid. Thierry Vanlancker was named new chief executive on Wednesday after his predecessor Ton Buechner quit...

  • CHICAGO, July 20- Global grain trader Bunge Ltd's cost cutting and restructuring plans could buy it time in the face of a takeover bid from a larger rival as it struggles to stay independent during a slump in the commodities market, analysts said. In its restructuring announcement, seen as a defense against both Glencore and activist investor Carlson Capital,...