Deals and IPOs Takeover Bids

  • "It's an inevitably long process because there are many countries, many authorisations involved, especially in the United States and Europe. Xi will meet Portugal's president and prime minister as he seeks to strengthen relations with the European Union country which Beijing has identified as an important location in its road and belt initiative.

  • Nov 28- Sears Holdings Corp Chairman Eddie Lampert's hedge fund and Cyrus Capital Partners LP are preparing a potential takeover bid to keep the bankrupt retailer running, Bloomberg reported https://www.bloomberg.com/news/articles/2018-11-28/sears-head-lampert-said-to-te a m- w i t h- c y r u s- o n- p o s s i b l e- t a k e o v e r? s r n d= m a r k e t s- v p on Wednesday.

  • JOHANNESBURG, Nov 28- Gold Fields said on Wednesday it had offered union members striking at its South Deep mine in South Africa an increased severance package to try to resolve the dispute which has halted production. Gold Fields, which employs about 3,600 people in South Africa, said in August it would restructure its South Deep operations and would cut about...

  • Rubicon Project CEO reflects on 2018 and gives his thoughts on what's next for marketing

    Michael Barrett says consolidation within martech firms is just one thing to look out for in 2019.

  • NEW YORK, Nov 20- Hedge fund Elliott Management on Tuesday asked Mitek Systems Inc to scrap a so-called "poison pill" to let it buy more stock and said it may press for board changes after the software company took steps to protect itself from the activist investor. Elliott is increasing the pressure on San Diego- based Mitek at a time when software company ASG...

  • Elliott is increasing the pressure on San Diego- based Mitek at a time that software company ASG Technologies, which the hedge fund owns, has been pushing to buy Mitek for $10 a share. Elliott wrote that ASG President and Chief Executive Charles Sansbury first approached Mitek about a possible takeover in August, roughly one week before the company announced...

  • CAIRO, Nov 18- Egypt's Pioneers Holding said on Sunday it has made a compulsory offer to acquire all of Electro Cable Egypt as part of its strategy to use revenues from a capital increase in October to grow its business. Pioneers Holding, which operates financial services and other businesses, owns 48.5 percent of Electro Cable Egypt, one of the oldest cable...

  • JOHANNESBURG, Nov 8- Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defence group Denel that would include acquisition of a minority stake in a joint venture with Germany's Rheinmetall, a source familiar with the offer said. Currently heavily dependent on imports, Saudi Arabia, the world's third-largest defence...

  • JOHANNESBURG, Nov 8- Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group Denel that would include acquisition of a minority stake in a joint venture with Germany's Rheinmetall, a source familiar with the offer said. Currently heavily dependent on imports, Saudi Arabia, the world's third-largest defense...

  • *Deal would give Rubis an entry into East Africa. NAIROBI, Oct 24- Kenya's Capital Markets Authority said on Wednesday it had begun an investigation into irregular share trades in relation to a takeover offer for KenolKobil by French fuel storage and distribution company Rubis. "Consequently, in connection with these investigations the Authority has...

  • JOHANNESBURG, Oct 19- Shares in South Africa's Clover Industries raced to their highest in almost two months on Friday after the dairy company said it is in talks with an unnamed firm that intends to acquire all its shares. Clover's shares jumped as much as 15 percent to 16.40 rand, their highest since Sept. 4, outperforming the All-share on Friday which was down...

  • 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...