LONDON, April 25 - U.S. cable company Comcast Corp submitted a 22 billion pound offer for pay - TV group Sky on Wednesday, challenging an already agreed but
lower takeover bid from Rupert Murdoch's Fox.
Comcast's $ 31 billion offer for British broadcaster Sky challenges
a lower takeover bid from Rupert Murdoch's Fox.
Not exact matches
Cramer was also burned on Pfizer's aborted
takeover bid for drug company Allergan, which had an overseas taxation rate that would allow the company to pay
lower taxes than if it were based in the U.S.
Macmahon Holdings has called out CIMIC Group for what it says is a
low - ball
takeover bid, saying the Spanish - controlled company should be aware of the improving market for mining services.
Japan's Mitsui has signed a $ 602 million cash
takeover deal with AWE after the board of the oil and gas player switched its recommendation from Mineral Resources»
lower bid.
Mineral Resources now has three days to match Mitsui's $ 602 million
takeover offer for AWE or lose the recommendation of the target's board for its
lower bid.
In reality (as you may have suspected from the
lower pricing of the
bid), the UK
Takeover Code is but a fond dream here.
And even if current management is the reason for a poor occupancy level, one can hope to benefit ultimately from a
low original entry price, new activist shareholders appearing or even a
takeover bid from a better managed (or financed) company.
-- But it's hard for me to invest in a
bid (even a firm
bid) if I estimate intrinsic value «s far
lower than the share /
takeover price.