Deals and IPOs Takeover Bids

  • March 19- Inmarsat has received a cash takeover offer from Apax Partners, Warburg Pincus International and Canada Pension Plan Investment Board, the British satellite company said on Tuesday, valuing the business at about $3.3 billion. The consortium offered $7.21 per share on Jan. 31 and the proposal remains under discussion, Inmarsat said in a statement.

  • March 19- Inmarsat has received a cash takeover offer from Apax Partners, Warburg Pincus International and Canada Pension Plan Investment Board, the British satellite company said on Tuesday, valuing the business at about $3.3 billion. The consortium offered $7.21 per share on Jan. 31 and the proposal remains under discussion, Inmarsat said in a statement.

  • *Source says combination of CTG and EDP assets in Brazil likely. LONDON/ SAO PAULO, March 13- Portugal's Energia de Portugal EDP could propose a joint venture with China Three Gorges allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant's bid to take over EDP fails, people familiar with the matter said. The bid has also been...

  • PORTUGAL'S EDP COULD PROPOSE LATAM JV WITH CHINA THREE GORGES IF ITS $10.15 BLN TAKEOVER BID FOR EDP FAILS- SOURCES.

  • MILAN, March 11- U.S. private equity fund Advent has decided for the moment not to go ahead with its takeover bid for Italian credit data provider Cerved after news of its offer was leaked to the market, Cerved said in a statement on Monday. A source familiar with the matter has said any bid could value the Milan- based business at about 1.8 billion euros.

  • MILAN, March 11- Buyout fund Advent has dropped its takeover bid for Italian credit data provider Cerved after news of its offer was leaked to the market, Cerved said on Monday.

  • MELBOURNE/ BEIJING, Feb 27- Copper slipped on Wednesday as the dollar recovered from a three-month low after U.S. The most traded April contract on the Shanghai Futures Exchange copper closed down 0.1 percent at 50,080 yuan a tonne. *M&A: Africa- focused explorer Nzuri Copper Ltd has received a A $109.5 million takeover bid from a unit of China's Chengtun Mining.

  • MELBOURNE/ BEIJING, Feb 27- Copper slipped on Wednesday as the dollar picked up from a three-month low it hit, after U.S. The most traded April contract on the Shanghai Futures Exchange copper was up 0.1 percent at 50,210 yuan a tonne by the end of the morning. *M&A: Africa- focused explorer Nzuri Copper Ltd has received a A $109.5 million takeover bid from a unit of...

  • *FTSE 100 up 0.2 pct. *FTSE 250 up 0.3 pct. The FTSE 100 rose 0.2 percent by 0949 GMT but still looked set for losses on the week.

  • MELBOURNE, Feb 20- Australia's biggest gas pipeline company, APA Group, has resumed its search for a U.S. acquisition, after putting the move on hold last year while it dealt with a takeover offer, its chief executive said on Wednesday. APA Managing Director Mick McCormack said the company, which has a market value of A $11 billion, had identified a few opportunities...

  • *Hellman& Friedman, Blackstone offer 46 euros per share. FRANKFURT, Feb 15- Hellman& Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros including debt, setting up the biggest takeover of a listed German company by private equity. They speculated a rival media house, such as Germany's Axel...

  • *Hellman& Friedman, Blackstone offer 46 euros per share. FRANKFURT, Feb 15- Hellman& Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros including debt, setting up the biggest takeover of a listed German company by private equity. They speculated a rival media house, such as Germany's Axel...

  • Feb 7- Gannett Co Inc said on Thursday that MNG Enterprises Inc was planning to nominate six director to its board after the USA Today owner rejected the company's buyout offer. The newspaper chain rejected MNG's $1.36 billion buyout offer on Monday, saying it undervalued the company and was not credible. The Wall Street Journal had first reported of MNG...

  • *Continues to look for acquisitions in Norway. OSLO, Feb 7- Oil firm DNO is looking to buy more assets after its recent takeover of London- listed Faroe Petroleum to further expand its North Sea presence. Oslo- listed DNO, which produces most of its oil in the Kurdistan region of Iraq, clinched a hostile takeover bid for London- based Faroe Petroleum, valuing Faroe at 634...

  • *Continues to look for acquisitions in Norway. The Oslo- listed firm, which produces most of its oil in the Kurdistan region of Iraq, in January won a hostile takeover bid for London- based Faroe Petroleum, expanding its foothold in the North Sea. "This represents not a pivot away from Kurdistan but a pivot to Norway."

  • Jan 30- Nasdaq Inc on Wednesday made a takeover bid for Norway's Oslo Bors, a move that could boost the transatlantic exchange operator's market services, technology and data segments, all of which Nasdaq said boosted fourth-quarter revenues. Nasdaq already owns all of the other major equity exchanges in the Nordic region- in Denmark, Finland, Sweden, Iceland,...

  • *Offer values Aphria at about $1.76 bln. Jan 22- U.S. cannabis retailer Green Growth Brands Inc said on Tuesday it would make a second all-stock takeover bid for Aphria Inc, valuing the Canadian pot producer at about C $2.35 billion. Based on Green Growth's close on Tuesday, the offer values Aphria shares at about C $9.40 each, compared with its closing price of C $9.43.

  • BERLIN, Jan 18- German online classifieds company Scout24 AG has rejected a 4.7 billion euro takeover offer from private equity firms Hellman& Friedman and Blackstone, potentially paving the way for a bidding war. The paper said U.S. technology-focused buyout firm Silver Lake was expected to be among the bidders looking to acquire Scout24.

  • Jan 17- Sears Holdings Corp said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid of $5.2 billion, allowing the 126- year-old retailer to keep its doors open. Lampert's bid, higher than his earlier $5 billion offer, comes after weeks of deliberations that culminated in a days-long...

  • *British PM May's no confidence vote expected at 2 p.m. ET. Jan 16- Wall Street's main indexes hit a one-month high on Wednesday, boosted by upbeat earnings from Bank of America and Goldman Sachs, with a multi-billion dollar deal in the fintech sector also helping a risk-on trade. Adding to the positive mood was a $22 billion buyout offer by financial technology...