Saputo is in the box seat with an agreed $ 8 per
share cash bid worth $ 450 million.
Speculation has been mounting that Canadian giant Saputo — which has an agreed $ 8 - per -
share cash bid for WCB — would switch targets because of WCB's crowded register and look at Bega.
Not exact matches
Imperial Tobacco (up 8.70 %) Imperial said today it had made a
cash bid approach for Altadis at 45 euros a
share, valuing the firm at 11.53 billion euros ($ 15 billion), and sending both companies»
shares soaring.
Romit Shah, Nomura Instinet, and «Fast Money» trader Guy Adami parse Broadcom's reported $ 70 per
share in
cash and stock
bid for Qualcomm.
In July last year, when CIR was known as Asset Backed Holdings, it launched an off - market
bid for the
shares it did not already own in PRL at $ 3
cash a
share.
The
bid formalizes an offer first made in February and puts pressure on Fox, which already has a 39 - percent stake in Sky, to raise the 10.75 pound per
share cash offer it first announced in December 2016.
SABMiller immediately issued its own statement saying it still didn't like the terms of the new offer, which would give its public shareholders 42.15 pounds a
share in
cash, a premium of 44 % over where the
shares were trading before news of AB InBev's intention to
bid leaked out last month.
The
bid for the Canadian nickel and gold producer comes in the form of an all -
cash offer for all of LionOre's issued and outstanding
shares, the Switzerland - based mining giant said.
The private - equity firm will pay $ 157 a
share in
cash for Buffalo Wild Wings, which is 34 % above the company's closing stock price on November 13, the day before Roark's initial
bid of $ 150 a
share.
The new
bid had been around 7 % higher than Pfizer's original approach, and would have provided AstraZeneca stockholders with around $ 84 per
share in
cash and stock. www.astrazeneca.com
That
bid ultimately failed, although it did force General Dynamics to amend its offer to acquire all outstanding
shares of CSRA for $ 41.25 per
share in
cash, an increase from the original $ 40.75 per
share offer.
Broadcom submitted a
bid of $ 70 per
share for Qualcomm, in the form of $ 60 in
cash and $ 10 of Broadcom stock.
The battle began at the end of May, when NetApp
bid $ 25 a
share for the company, using a mix of stock and
cash for a $ 1.5 billion offer.
On May 16, Gannett, which has discounted Tribune Publishing's recently unveiled digital strategy as «unproven,» and questioned Ferro's publishing track record, boosted its all -
cash offer to acquire Tribune Publishing to $ 15 per
share, from an unsolicited $ 12.25 - a-
share bid that was rejected.
His
bidding vehicle, Arcade Finance, is offering 32 cents a
share in an all -
cash, off - market takeover
bid.
The stock slide - 18 percent since the news of a possible
bid broke - makes the
cash - and -
share deal less appealing to Shire shareholders, some of whom may be reluctant or unable to hold Takeda
shares.
AWE on Monday withdrew its support for Mineral Resources»
bid and recommended shareholders accept Mitsui's all
cash offer of A$ 0.95 a
share after Mineral Resources did not match Mitsui's offer by a February 2 deadline.
WCB's
shares have rocketed past Saputo's all
cash offer of $ 7 a
share, indicating a
bidding war could erupt with Bega.
Late on Friday night Saputo revealed it was lifting its $ 8
cash per
share bid to $ 9 per
share, matching Murray Goulburn's offer but putting it slightly below Bega Cheese's
cash and scrip
bid, which valued WCB
shares at $ 9.13 on Friday.
Bega
shares rose 30 cents to $ 4.75 on Friday, valuing its 1.5
share and $ 2
cash bid at $ 9.13, more than the $ 9
cash per
share on offer by the nation's biggest processor, Murray Goulburn.
He rejected suggestions that selling his 10,000 WCB
shares to Saputo was premature given Murray Goulburn, which has also offered $ 9 a
share in
cash, has indicated it may increase its
bid.
Bega has
bid $ 2
cash for every WCBshare and 1.2 of its own
shares, compared with Murray Goulburn's $ 7.50 a
share and Saputo's $ 8 a
share.
Even after the
bids rose from Bega's initial
cash and scrip offer, which valued WCB at $ 5.78 in September, to Saputo's unconditional $ 9 a
share and Murray Goulburn's $ 9.50 offer, Mr Renyard wasn't thinking about a one - off
cash injection.
But Murray Goulburn (which last offered $ 9 a
share in
cash) and Saputo have both reserved the right to increase their
bids.
The Canadian heavyweight's $ 9 - a-
share cash bid rises to $ 9.20 a
share if it acquires 50 per cent, to $ 9.40 at 75 per cent and to $ 9.60 at 90 per cent.
Saputo on Monday declared its $ 9 a
share cash takeover
bid for WCB unconditional and offered a 20 cents sweetener if it gets control.
Bega's
cash and scrip offer has received short shrift from the WCB board and at every step of the
bidding process the WCB board has questioned the worth of Bega's
shares.
It said that Kroenke was ramping up the
cash reserves in the club, as this would give him better credit amongst lenders, in order to borrow the money to buy the
shares at a cheap rate, when it comes to launching a
bid to buy out the other shareholders.
Tiberius Capital launched its tender offer for MATH on June 1 this year at $ 1.15
cash per
share,
bidding for 51 % of the outstanding
shares.
Tiberius Capital launched its original tender offer for MATH on June 1, 2009 at $ 1.15
cash per
share,
bidding for 51 % of the outstanding
shares.
The broker can split the
bid - ask spread with the investor when matching buy and sell orders - a win - win situation in most cases Since investor money is pooled before stocks are bought or sold, it enables investors to contribute small amounts of
cash using which fractional
shares of specific stocks can be purchased.
Provided you have given the bidder the necessary documents, you should receive the
cash and / or
shares the bidder is offering no later than 21 days after the
bid is closed.
If you have $ 210 million in
cash and add a
bid for 1,000,000 AAPL at $ 210, you will pay $ 210 for all
shares with an ask of $ 200.00, then $ 200.01, then $ 200.02 until you either bought all
shares with an ask up to $ 210, or until you bought a million
shares.
And there will be more people trying to make
cash by selling their
shares at a good price than people tricked into
bidding over $ 200, so it is most likely that you lose out.
SSTI has announced an amended merger, increasing the
bid to $ 3.00 per
share in
cash.
This focus, and eliminating the
cash issue, would then invite investors to
bid up the
shares to better reflect the underlying intrinsic value.
However, a
cash bid is always hard to beat (especially if the bidder has the fire - power, and the desire, to raise it), and CQB shareholders may soon realise even a $ 13.00
cash bid could be far superior to a ChiquitaFyffes
share price that could trade anywhere... As for Fyffes shareholders, at this point referencing a stand - alone intrinsic value might be a good idea again: Adjusted EBITA's notched a little higher to 3.8 %, but again operating free
cash flow (Op FCF) has only averaged about 55 % of adjusted EBITA in the past few years.
If one assumes a winning
cash bid could end up somewhere between USD 15.00 - 15.50, for example, CQB's current
share price implies their chances of victory are around 35 % right now.
Starwood's board said today that the latest offer from Anbang & company — an all -
cash bid of $ 82.75 per
share for all Starwood stock, and the fourth
bid to be made in this see - saw battle — is «reasonably likely» to be superior to Marriott's latest
bid, which was estimated to be worth $ 79.53 per
share.
Starwood had originally accepted a $ 13.2 billion
cash - and - stock
bid from Marriott, but looked to be pulling out when Anbang, fresh off a $ 6.5 billion acquisition of trophy US hotel properties from the Blackstone Group private equity firm, made an all -
cash offer for Starwood on March 18 worth $ 78 per
share.
The Marriott
bid includes $ 2 a
share in
cash and the rest in Marriott stock.
But today (Monday), Starwood said Marriott has come up with a new
bid of
cash and stock that would ultimately give Starwood shareholders about $ 1.50 per
share more than the Anbang group's offer.
The AHC
bid also provides unsecured creditors with
cash or
shares on a pro rata basis up to 45 % of the equity in the new company.
Walmart today took its biggest step yet in its
bid to compete against Amazon in the world of digital commerce: today the retail giant announced that it would be acquiring Jet.com — an online - only shopping site that has been live for a little over a year — for $ 3 billion in
cash, plus up to $ 300 million in
shares for the founders and others at the company.