Sentences with phrase «stake in takeover»

A day before its offer closes, Canadian dairy giant Saputo now has a near 48 per cent stake in takeover target Warrnambool Cheese and Butter Factory (WCB).

Lion boss Stuart Irvine, who was in Geelong on Monday morning to launch the nation's biggest brewer's new Little Creatures brewery, said his company's lightening purchase of a 10 per cent stake in takeover target WCB two months ago would deliver it a «seat at the table» and influence over the direction of the outcome.

Japan's Lion has confirmed it has bought a 9.99 per cent stake in takeover target Warrnambool Cheese & Butter Factory Company.

Not exact matches

In 1995, the pension plan had co-funded the McCains» takeover bid for Maple Leaf Foods from British company Hillsdown PLC, and held a 35 % stake since then.

The takeover bid for Aquila Resources took an unexpected turn today when a mystery buyer, believed to be Mineral Resources, spent about $ 192 million buying a large stake in the Perth company, paying well above the bid price.

Last month, Swiss regulators announced that the group had failed to disclose that company executives held stakes in the conglomerate during HNA's $ 1.5 billion takeover in 2016 of airline caterer Gategroup.

BEIJING, April 25 (Reuters)- German car maker Daimler AG's boss said on Wednesday there was no indication the firm's largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $ 9 billion stake in the firm earlier this year.

Bill Smead, portfolio manager of the $ 1.1 billion Smead Value Fund, says he recently took a stake in Gilead largely because it stayed out of the takeover fray.

Still, the takeover bid pushed up the value of Ackman's large stake in Allergan, netting Pershing billions of dollars, and the hedge fund manager says the experience helped him realize the value in serial acquirers.

A report over the weekend speculated that the world's largest liquor company, U.K. - based Diageo, could be a takeover target for billionaire Jorge Paulo Lemann, who already owns a stake in beer maker Anheuser - Busch InBev (BUD).

In 2010, he began paring his stake in Kraft Foods Inc. — the pre-Mondelez business — after disagreeing with a decision to sell its pizza brands to help pay for a takeover of Cadbury PlcIn 2010, he began paring his stake in Kraft Foods Inc. — the pre-Mondelez business — after disagreeing with a decision to sell its pizza brands to help pay for a takeover of Cadbury Plcin Kraft Foods Inc. — the pre-Mondelez business — after disagreeing with a decision to sell its pizza brands to help pay for a takeover of Cadbury Plc..

U.S. law would require VW to issue a formal takeover bid for Navistar once the German manufacturer raises its stake in the U.S. peer above 17 percent, VW said.

Klaus Muller, manager of the Federation of German Consumer Organizations, for example, notes that «the takeover of RWE's stakes in Innogy by EON will lead to a higher concentration of utilities in the German energy market.»

A series of scandals in the early 1990s nearly forced Salomon into bankruptcy, which prompted Buffett to launch an emergency takeover of the financial services firm of which he had a $ 700 million stake, reports Reuters.

But it's certain that if Tim Hortons had not entertained Burger King's offer, Ackman, an activist investor famous for his pitched battles with companies — whose stake in Burger King has already earned him an additional US$ 200 million on the takeover news — would have sparked an ugly shareholder battle over Tim's.

The ag trader inked a $ 946 mln takeover of a majority stake in Malaysia's IOI Loders Croklaan, expanding its business in higher - margin edible oils.

Schaeffler still owns a 46 percent stake in Continental, reducing its stake from around 90 percent at the height of the takeover battle.

David Tepper builds stake in Energy Holdings debt [ValueWalk] Mark Anson's formula for choosing a good hedge fund for your portfolio [CFA] How hedge funds need to adapt [All About Alpha] The mind of DoubleLine's Jeffrey Gundlach [Crossing Wall Street] George Soros» European solution to the Eurozone's problem [George Soros] JANA Partners says Rockwood worth $ 80 in possible takeover [Bloomberg] ValueAct takes $ 2 billion Microsoft (MSFT) stake [Yahoo News] John Paulson says he's staying the course on gold [Hedgeworld] Rob Arnott: most hedge funds disappoint [Term Sheet] Hedge fund managers mixed on 2013 outlook [HedgeCo] Billionaire Carl Icahn's tale of aggression [Forbes India] Hedge fund gold wagers defy worst slump in 33 years [Bloomberg] Hedge funds plowed into gold as market looked vulnerable [Hedgeworld] Devitt sees consolidation in outlook for fund of funds [Investment Europe] Hedge funds find new Swiss rules good for business [Reuters] Singapore will replace Switzerland as wealth capital [CNBC]

Adding further intrigue to the story are suggestions that a large derivative position in AWE held by Deutsche Bank is giving Beach an ongoing interest in the takeover that goes beyond its 50 per cent stake in Waitsia.

Weeks after closing on its $ 130 billion takeover of Vodafone's 45 % stake in Verizon Wireless, Verizon reentered the US market with a five - part, $ 4.5 billion bond sale in March.

London - based activist investor Chris Hohn has built a roughly $ 3 billion stake in 21st Century Fox, a position that makes him one of the largest holders of a company at the center of a global takeover battle.

Tabcorp has confirmed it has grabbed a 10 per cent stake in Tatts Group as it moves to stave off any rivals to its $ 11 billion takeover.

Assuming the deal goes ahead, it would mark Mitsui's first takeover of an Australian company and give it a 50 % stake in the country's biggest onshore conventional gas find in 40 years at a time when local gas demand is soaring.

Canadian dairy giant Saputo has extended its takeover offer for Warrnambool Cheese and Butter and lifted its stake in the target to more than 21 per cent.

Beam Suntory completes ABV Brands takeover in South Africa Beam Suntory has taken full control of its South African distributor, ABV Brands, two years after buying a 50 % stake.

The brands of the future — both challenger and icon — need to confidently shape their ideas and stake their claim alongside this tech takeover to drive food innovation and future proof their own industries, creating new brands, products and services that are in tune with these rapidly changing times.

The momentum behind Saputo's $ 500 million - plus takeover bid for Warrnambool Cheese & Butter could become a breaking of the dam if Bega Cheese sells its 18.8 per cent WCB stake to trigger additional payment hurdles in the Canadian dairy giant's 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.

Bega pulled out of the WCB takeover race in December and its stake is likely to be the key in deciding who gets control of WCB.

The dramatic takeover battle for Warrnambool Cheese & Butter could take another turn in its dying moments, with Japanese - owned Lion looking like it will not sell its 10 per cent WCB stake into Canadian giant Saputo's offer.

Updated The momentum behind Saputo's Warrnambool takeover could become a breaking of the dam if Bega Cheese sells its stake to trigger additional payment hurdles in the dairy company's bid.

Usmanov currently has the maximum stake he can hold without making an official takeover, with 30 % ownership in his hands.

Saudi business tycoon Ali Al Faraj has completed his takeover of Portsmouth, acquiring a 90 % stake in the club.

His death comes just three days after he sold his stake in the club to American businessman Stan Kroenke as part of the deal which triggered a full takeover of the Gunners.

The journal Legal Week has reported that former Arsenal director and shareholder Lady Nina Bracewell - Smith has filed new court papers against her lawyers, Linklaters, in connection with the sale of her 15.9 % stake in Arsenal to Stan Kroenke at the time of his takeover.

Dangote, 67th on Forbes rich list, failed in a bid to acquire a stake in the club in 2010, but is confident of completing a takeover this time around

Those who have been following the Arsenal takeover situation carefully will know that Fiszman's deteriorating physical condition was the major reason behind Stan Kroenke's acquisition of the former director's stake in the club.

In 2010 he was involved in talks regarding a potential takeover of West Ham, at which stage it looked as if he was going to acquire a 51 per cent stake in the club from the IcelandicIn 2010 he was involved in talks regarding a potential takeover of West Ham, at which stage it looked as if he was going to acquire a 51 per cent stake in the club from the Icelandicin talks regarding a potential takeover of West Ham, at which stage it looked as if he was going to acquire a 51 per cent stake in the club from the Icelandicin the club from the Icelandics.

Mr Murdoch's News Corp currently owns a large minority stake in BSkyB, and is in negotiations for a full takeover of the company.

The Chinese firm will pay 33 million euros (# 29.25 million) for a majority stake in loss - making luxury textiles maker and make a mandatory takeover offer to other shareholders.

The group seeks to put the brakes on high stakes testing and end takeover practices that disenfranchise local voters and reduce local control in schools.

It also doesn't appear as if there's much scope for Kobo to extend the deal into selling content as the whole point of Tolino is to give the German bookstores a stake in the ebook business, so it looks like the takeover is, at least for the time being, purely a technology play.

Well, if KWG was an AIM - listed company, I'd probably be off running & screaming in the opposite direction — that kind of stake on AIM seems to inevitably lead to coercive takeovers (at piss - poor prices), de-listings & other forms of minority shareholder abuse.

Carlson said that because the deal will mean a change in control of Rezidor, Swedish takeover rules require that HNA Tourism Group must decide within four weeks of closing either to initiate a public tender offer for the remaining 48.7 percent of Rezidor, or reduce its stake in that company to no more than 30 percent.

Notable mandates: Acted for Spin Master Corp. in connection with its IPO and on several acquisitions and related financing transactions; represented Canada Goose Inc. in the sale of a majority stake in the company to Bain Capital; acted for KUBRA Data Transfer in a variety of day - to - day matters and related acquisitions and financings as well as the ultimate sale of KUBRA by Clairvest and its management team; acted for Concordia Healthcare Inc. in connection with the financing and acquisition of various assets, and in its reverse takeover of a CPC and listing on the TSX; represented Frank Stollery Ltd. on the sale of 1 and 11 Bloor Street W., which housed the landmark retail store Stollery's for 114 years.

Khan provided key legal support for Zubair's rapid expansion in the oil and gas sector through the purchase of a minority stake in Aminex and the takeover of another oil and gas operator in Oman, while helping it win an exploration and production contract for a major hydrocarbon block in the country.

Backfeed contends the proposal could guard against hostile takeovers, while encouraging shareholders with more minority stakes in the DAO to contribute.