Some of Australia's best known investors will seek a higher price from French giant Eramet before they part with all of
their shares in takeover target Mineral Deposits (MDL).
Not exact matches
The aggregated value of cash only
takeovers so far
in 2018 has risen by 33 percent year - on - year while the value of deals using cash and stock has risen by 221 percent, as companies look to exploit their buoyant
share valuations.
Icahn already raised his bid by a dollar a
share in mid-April, but unless he raises it again, the rights plan will likely succeed and his
takeover attempt could fizzle.
CNOOC had made a small investment
in the oilpatch before and it gave us a year to
share the company's interest
in investing
in Canada with the very people who would adjudicate on the
takeover.
Because I'm not American, the U.S. Department of Transportation stipulated I take some of my
shares in Virgin America as non-voting
shares, reducing my influence over any
takeover,» he wrote at the time.
Marni Walden, Verizon president of product innovation and new businesses, told CNBC's «Squawk Box»
in July that she expected the Yahoo
takeover to propel AOL and Yahoo out of their combined single - digit market
share.
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.
Phoenix Gold has reiterated shareholders should reject a cash and scrip
takeover offer from Evolution Mining, even though a rise
in Evolution's
share price has boosted the value of the deal.
Sydney - based TPG Telecom and its competitor iiNet scored a rare double today after announcing a friendly
takeover offer, with
shares in both the bidder and its Subiaco - based target rising strongly as investors welcomed the combination as a logical strategic fit.
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.
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.
They gave the same response when asked about a potential
takeover by a consortium
in which Sinochem has a controlling
share.
The
takeover bid, which Qualcomm opposes, would propel the combined company into third place
in terms of market
share in the global semiconductor industry, as this chart from Statista indicates.
COPENHAGEN, Feb 8 -
Shares in Danish telecoms operator TDC surged 20 percent on Thursday after Australia's Macquarie and three Danish pension funds said they had made a
takeover approach for the company.
Calima is offering 3.33
shares for every
share in TSV Montney and one
share for every TSV Montney option, valuing the
takeover target at $ 14.39 million.
While the company has reportedly put itself up for sale, so far no suitor has agreed to a deal, though a fake
takeover bid
in May 2015 briefly sent Avon's (AVP)
shares surging 20 % before the offer was revealed as a hoax (and the
shares promptly resumed their downward trend).
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.
The group led by Stephen Riady's Overseas Union Enterprise threw
in the towel after Thailand's TCC Assets, headed by billionaire Charoen Sirivadhanabhakdi, raised its
takeover offer for F&N to S$ 9.55 a
share last week and bought additional stock
in the open market to build its existing F&N holding to more than 40 percent.
Shares of the Norwalk, Conn., company surged almost 30 %
in after hours trading Thursday after news of the
takeover.
Maple is offering $ 48
in cash and
shares for the TMX, representing a 24 % premium to the LSE merger — which it calls a «
takeover»
in its press release — as of May 12.
Shares of Fraser and Neave (F&N) finished 1.95 percent lower after a group led by a Thai billionaire won the
takeover battle for the Singapore drinks and property conglomerate
in a deal worth around S$ 13.8 billion ($ 11.24 billion).
Gannett, the biggest U.S. newspaper publisher by circulation, made an unsolicited $ 12.25 per
share takeover offer for Tronc — formerly Tribune Publishing —
in April, valuing the company at about $ 815 million.
Monsanto
shares closed little changed at $ 108.45 on Wednesday, offering an 18 percent upside to Bayer's
takeover bid of $ 128 per
share or $ 66 billion
in total.
In September, BlackBerry received a conditional
takeover offer from Fairfax Financial (TSX: FFH), BlackBerry's largest shareholder, worth $ 9 per
share.
After the announcement of the
takeover proposal,
shares of the electric car company fell 12 percent
in after - hours trading, while SolarCity's rose 15 percent, hinting at investors» sentiments this early.
Sysco Corp.
shares rose the most
in nine months after its planned $ 3.5 billion
takeover of US Foods Inc. was blocked by a federal judge, bringing relief to investors concerned about the company undertaking an ambitious merger.
Second, the
takeover potential is greater
in companies with fewer
shares outstanding.
There have been some well - publicized, major
takeovers, but the greater number of
takeovers still occur
in companies with fewer
shares outstanding.
Certain provisions of Delaware law and certain provisions that will be included
in our amended and restated certificate of incorporation and amended and restated bylaws summarized below may be deemed to have an anti-
takeover effect and may delay, deter, or prevent a tender offer or
takeover attempt that a stockholder might consider to be
in its best interests, including attempts that might result
in a premium being paid over the market price for the
shares held by stockholders.
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.»
Shares in SoftBank rose 0.7 % following the takeover announcement, while shares in Fortress jumped by 28 % in aftermarket tr
Shares in SoftBank rose 0.7 % following the
takeover announcement, while
shares in Fortress jumped by 28 % in aftermarket tr
shares in Fortress jumped by 28 %
in aftermarket trading.
Jayant
shares some of his best ideas
in the segment, including arbitrage opportunities currently offered by pending
takeovers — which is an area that generally doesn't receive much attention, but seems to harbor quite a bit of potential.
With its Finish Line buyout, this company's stock «offers excellent value» JD Sports Fashion's
takeover of the ailing Indianapolis - based retailer makes sense, analysts sayAs Finish Line, the U.S. athletic shoe chain, becomes British, buying
shares in its expansion - minded acquirer could be a slam dunk.
However, these provisions may have the effect of delaying, deterring or preventing a merger or acquisition of our company by means of a tender offer, a proxy contest or other
takeover attempt that a stockholder might consider
in its best interest, including attempts that might result
in a premium over the prevailing market price for the
shares of Class A common stock held by stockholders.
The consideration offered to the outstanding minority shareholders whose
shares are compulsorily acquired under the U.K. Companies Act 2006 must,
in general, be the same as the consideration that was available under the
takeover offer.
In Hong Kong, the Securities and Futures Commission has launched a consultation on proposed amendments to the Codes on
Takeovers and Mergers and
Share Buybacks to boost investor protection.
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.
His bidding vehicle, Arcade Finance, is offering 32 cents a
share in an all - cash, off - market
takeover bid.
When asked if Syrah was a
takeover target at its current
share price, Mr Slifirski said: «Anytime you see a company with a world class resource
in terms of scale, quality and position on the cost curve, which is exposed to a disruptive technology and has an open
share register, it makes absolute sense as a
takeover target.»
The pop
in Radius
shares price is likely two-fold; one, it is a
takeover target and two, less competition
in the market.
Dean Foods said the acquisition is expected to be immediately accretive to margins and earnings, and it expects that the
takeover will add approximately $ 0.06 earnings per
share accretion
in 2016.
Treasury
shares have tripled
in value since mid-2014 when two private equity firms, KKR and TPG both walked away from a potential
takeover after making separate proposals for the company and conducting extensive due diligence.
It had always been earmarked as a
takeover target but a series of mishaps
in the US mainly, caused the
share price to plunge and opened the door for offshore raiders such as KKR.
Treasury Wine Estates has been the most picked over asset
in the private equity community but KKR & Co got the game moving on Tuesday with a
takeover offer pitched at $ 4.70 a
share.
US buyout firm KKR has capitulated
in its long
takeover play for Treasury Wine Estates, sweetening its offer to more than $ 5 per
share for Australia's largest winemaker.
Shares in French food group Danone (DANO.PA) rose on Monday after the New York Post newspaper said
in a report over the weekend that Danone could be a
takeover target.
Saputo on Friday extended its final $ 9 a
share cash offer for the last time
in the latest move
in the dramatic
takeover battle for Australia's fourth largest dairy processor.
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.