Sentences with phrase «second takeover bid»
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.
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Iron Ore Holdings confirmed today that its second - largest shareholder 3rd Wave Investors, Brettney and Annie Fogarty's investment vehicle, has accepted BC Iron's $ 256 million takeover bid for IOH.
Calgary - based CP, Canada's second - largest railroad operator, launched its takeover bid for Norfolk Southern in mid-November, touting potential savings of more than $ 1.8 billion annually.
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.»
SYDNEY (Reuters)- Australian internet provider Vocus Group Ltd said on Tuesday a second private equity firm has made a A$ 2.2 billion ($ 1.7 billion) takeover approach, sending its shares higher on hopes for a bidding war.
Soon - Shiong's Nant Capital, a California - based technology firm, became Tronc's second - largest shareholder in June 2016 and that investment helped Tronc fend off a hostile takeover bid from Gannett, whose last offer was $ 864 million for the company.
Soon - Shiong's Nant Capital, a Culver City technology firm, became Tronc's second - largest shareholder in June 2016, and that investment helped Tronc fend off a hostile takeover bid from Gannett, whose last offer was $ 864 million for the company.
Dish Network has offered to buy Sprint for $ 25 billion, making it the second company to make a takeover bid for the wireless phone carrier.
Treasury announced on Monday it had received a second takeover offer, and the prospect of a bidding war caused shares in the company to jump above the identical offer price of the two bids.
Korea's internet rumour mill has been working overtime in the past day or so, as reports surfaced that Living Social, the world's second - biggest social commerce site, was lining up a takeover bid for Ticket Monster (T - Mon), the market leader in Korea.