The original bidder, China Energy Reserve and Chemical Group, has still kept its hand in the game by lodging a bidder's statement last week, even though its 73
cents a share takeover offer is well out of the game.
Not exact matches
Ottawa recently began allowing foreign
takeovers of telecom companies that have a 10 per
cent or less
share of the market.
Neon Energy has backed out of a merger agreement with MEO Australia after Evoworld Corporation agreed to make a revised off - market
takeover offer for 50 per
cent of the
shares it doesn't already own in the oil and gas producer.
Nedlands - based explorer Bullabulling Gold has advised its shareholders to reject Norton Gold Fields» increased
takeover offer of 8
cents per
share to obtain a 30 per
cent interest in the company.
The family that holds a majority interest in Diploma Group has formally launched a
takeover offer for all
shares it doesn't own in the business, at a bargain basement price of 1.5
cents per
share.
Norton Gold Fields is poised to succeed in its Bullabulling Gold
takeover bid after the Perth explorer begrudgingly accepted the increased
takeover offer of 8
cents per
share.
Shares in oil and gas group AWE have jumped more than 20 per
cent following a $ 430 million indicative
takeover offer from a Chinese state - owned energy corporation.
While the $ 2.36 per
share offer only implies a «small» 15 per
cent takeover premium to Deutsche's $ 2.05 price target, the research team points to «recent operational risks in the hospital portfolio, the execution risks of the Northern Beaches greenfield project and our lower revenue growth outlook for the private hospital industry.»
His bidding vehicle, Arcade Finance, is offering 32
cents a
share in an all - cash, off - market
takeover bid.
The arrival of a
takeover bid is usually welcome news for
shares prices; Treasury Wine Estates stock soared 18 per
cent when the company rejected a bid from KKR.
One option Murray Goulburn is considering to stop this domino scenario playing out is to raise its
takeover bid by 50
cents to $ 10 a
share to try and halt the momentum Saputo may gain by putting a firm close date on its offer.
Moore said Fonterra was offering 11.8 - times EBITDA for Bega Cheese
shares, excluding the
takeover value of Bega's 18.35 per
cent stake in Warrnambool.
Saputo on Monday declared its $ 9 a
share cash
takeover bid for WCB unconditional and offered a 20
cents sweetener if it gets control.
The capital raising would help to reduce the dairy co-operative's 52 per
cent debt - to - equity ration and help «fund a third knock - out bid» which is expected to be $ 10 a
share for Warrnambool, which is being courted by Montreal - based dairy giant Saputo and it's $ 9 - a-
share takeover bid.
Following a successful appeal against the Football League's ruling of failing their Owners and Directors test, Cellino completed his
takeover of the club in April 2014 as Eleonora Sport Limited purchased 75 per
cent of the club's
shares.
Shares went from 7.75 per
cent to $ 17.10, which is the biggest spike Take - Two has seen since rumours ran wild with speculation that EA was mulling a
takeover bid.