The pressure on Tribune's controlling shareholder, Chicago - based entrepreneur Michael Ferro, increased after the company's second - largest shareholder — investment fund Oaktree Capital Management — sent a letter to the company's board advising it to «engage Gannett immediately»
about the takeover bid, calling it «the only possible conclusion consistent with your fiduciary duty.»
Not exact matches
The
takeover bid for Aquila Resources took an unexpected turn today when a mystery buyer, believed to be Mineral Resources, spent
about $ 192 million buying a large stake in the Perth company, paying well above the
bid price.
UK - based Bushveld Minerals has launched its second
takeover bid for local coal explorer Lemur Resources in two years, this time proposing to acquire all the shares it doesn't own in the business for
about $ 10.9 million.
But when the conversation came to a recent Bloomberg report
about Marriott Vacations making a
takeover bid for fellow leisure company ILG, Weisz kept his cards close to his chest.
Broadcom CEO Hock Tan speaks exclusively with the «Squawk on the Street» team
about Broadcom's
takeover bid for Qualcomm.
The AFR reported senior executives from both companies met
about two weeks ago to discuss a potential
takeover bid, citing unnamed sources close to the situation.
Indonesian group Eastern Field has taken control of Finders Resources, five months after announcing its
takeover bid, which values the copper miner at
about $ 177 million.
Starwood Hotels & Resorts has received a rival
takeover bid worth
about $ 14 billion from a group of investors led by a Chinese firm that's been quite active in buying up U.S. hotel properties, including the Waldorf - Astoria.
Currently, the Toys «R» Us's European division is seeking
takeover bids, and talks are being held
about the possibility of offloading the brand's Asian business.
USA Today owner Gannett has boosted its
takeover bid for Tribune Publishing Co. by
about 22 percent one week after the owner of the Los Angeles Times, Chicago Tribune and other newspapers adopted a «poison pill» plan to thwart the unsolicited offer.
«In the discussions we have had with our shareholders, and I'm talking
about the top 10 to top 15 shareholders which is in excess of 50 per cent of our register, and we've talked to them a number of times now because of all the different
takeover bids.
During the heated
takeover battle for Warrnambool Cheese & Butter this year, Murray Goulburn's
bid was thwarted because of concerns
about a reduction in local competition.
Victorian dairy farmer co-operative Murray Goulburn is considering raising its $ 500 million - plus
takeover bid for Warrnambool Cheese & Butter to
about $ 10 a share in an effort to arrest the momentum behind Canadian rival Saputo's offer.
Victorian dairy farmer co-operative Murray Goulburn is considering raising its $ 500 million - plus
takeover bid for Warrnambool Cheese & Butter to
about $ 10 a share.
Bega pulled out of the
takeover race in December, but the
bidding war has pushed WCB's share price from
about $ 4 to more than $ 9.
In a lengthy statement this afternoon the judge warned the Commons off attempting to see and debate evidence
about allegations that Mr Hunt acted inappropriately during News Corporation's
takeover bid for BSkyB.
12:25 - Next Brooks is asked
about «Rubicon», the codename given to the
takeover bid.
An inadequate free school is facing a forced
takeover by a new sponsor in a
bid by the Department for Education to bring
about «swift improvements».
The middle schools in Springfield began a dramatic transformation just
about a year ago in a
bid to lift the schools out of the bottom academic rung and avert a likely state
takeover.
U.S. media giant Time Warner Inc has approached struggling Australian broadcaster Ten Network Holdings Ltd
about a A$ 680 million ($ 588 million)
takeover bid, the Australian Financial Review reported on Monday.