Sentences with phrase «takeover attempt»
A "takeover attempt" refers to an effort made by one company to gain control over another company. It means that one company wants to acquire or buy a majority of the shares or assets of another company in order to take full control of its operations and decision-making. Full definition
This happens to be a hostile takeover attempt, but the next one might just be an activist fight for board seats or management changes.
bloomberg.com
Otherwise, their whole takeover attempt is in vain.
In 2012 Ackman was instrumental in a proxy fight that installed Hunter Harrison as CEO of Canadian Pacific Railway; he is currently involved in a hostile takeover attempt of of Botox maker Allergan by Quebec's Valeant Pharmaceuticals.
A hostile takeover attempt by fellow French multimedia company Vivendi, who formerly owned another industry leading developer and publisher Activision Blizzard, is underway.
The Anglo - Dutch consumer giant put the business on the block in April after Kraft Heinz's unsolicited takeover attempt in February prompted a strategic rethink.
Qualcomm is likely to make aggressive moves to keep shareholders happy in the next two quarters while the company faces a possible hostile takeover attempt from Broadcom, research firm Nomura said Tuesday.
In 2015, less than a year after retiring as CEO of convenience store giant Alimentation Couche - Tard, the executive chairman, along with his three co-founders, put forward a resolution to extend their time - limited voting control — the group holds 22 % of the company's equity — to ward off any future takeover attempts.
Ullman, a veteran of takeover attempts at Macy's (m), had noticed that Penney's stock had jumped 10 % in the 10 minutes before the call, to $ 32.
Unilever posted better - than - expected first quarter revenues and increased its quarterly dividend by 12 % as it continues to appease shareholders after a failed takeover attempt by Kraft Heinz.
That, in itself, was a major event in 2006 because it marked the beginning of the end for Germany's so - called «Volkswagen Law,» which was designed to frustrate takeover attempts aimed at the Wolfsburg - based auto maker.
Yahoo had fallen way behind in search — it's unfortunate, several reasons, but had fallen way behind in search, and had really lost its confidence, because the Microsoft takeover attempt had just ended when I went in, and the employees were just beaten.
Notifications indicating takeover attempts result in both sides actively positioning themselves to hold these points.
«Though now with Broadcom's hostile takeover attempt analogous to a «gun to the head,» we expect the company to more aggressively focus on driving shareholder value in order to remain a standalone franchise.»
Jacobs resigned last week from his role as chairman, as the San Diego - based chipmaker resisted an aggressive takeover attempt from Singapore's Broadcom.
Harvard Law School professor Lucian Bebchuk studied about 2,000 companies for five years after takeover attempts, buyouts and other activists» interventions from 1994 to 2007.
The Dutch maker of Dulux paint thwarted a generous 25 bln euro takeover attempt from U.S. rival PPG without putting forward a convincing financial defence.
He is equally lacking in regret over his marathon takeover attempt for Vector Aerospace, a Toronto - based aerospace firm.
In his four years as CEO the company managed a merger of equals, grew from $ 210 million in revenues to $ 562 million, survived an aborted takeover attempt by Microsoft (msft), and evolved into a company that today is a regular on Fortune's list of Best Places to Work.
Moreover, unlike at many tech businesses, there's no dominant or super-voting shareholder able to block takeover attempts.
Communism's world takeover attempt was guaranteed to fail because its economic policy was naively contrary to human nature.
«This shameless takeover attempt is undemocratic,» he said in a missive to constituents.
, Executive Life, Mutual Benefit, Fidelity Mutual, Confederation, and the near miss on the Equitable (what a story — I was on AIG's failed takeover attempt team), the rating agencies went into full scale defense mode, downgrading every company in sight.
Freshfields Bruckhaus Deringer and Denton Wilde Sapte has bagged lead roles on the latest takeover attempt at a major English football club, as billionaire Mike Ashley prepares a # 133m offer for Newcastle United.
Hilton Hotels, which was at the epicenter of merger activity last year, may end up having the most impact on the industry even though it was outbid by Starwood for ITT Sheraton in a bitter takeover attempt.
But Pyott would make an ironic choice to run Valeant, given he was one of the most vehement critics of the company and Ackman in 2014, when Valeant teamed up with the hedge fund manager in an unsuccessful hostile takeover attempt of Allergan.
But LSE Chief Executive Clara Furse, who has rejected five takeover attempts in two years, remained tightlipped about future avenues of growth.
In 2015, less than a year after retiring as CEO of convenience store giant, the executive chairman, along with his three co-founders, put forward a resolution to extend their time - limited voting control — the group holds 22 % of the company's equity — to ward off any future takeover attempts.
In other Ubisoft news, the company finally managed to fend off a years - long hostile takeover attempt by French media conglomoerate Vivendi.
A whirlwind of ruthless ambition, power struggles, greed and deception ensues as Tourneuil's brutal ascent is jeopardized by a hostile takeover attempt from a large American hedge fund led by Dittmar Rigule (Gabriel Byrne), erotic distractions from international supermodel Nassim (Liya Kebede), and adversaries with an agenda for destruction.
Wiedeking led a failed hostile takeover attempt of Volkswagen, and later opposed the merger of the two carmakers.
The sale marks the end of a turbulent period for the company following a hostile takeover attempt by rival PPG Industries and friction with activist investor Elliott Management.
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.
Vice had not provided updates on its offline intentions until today, but rumours of a takeover attempt by conventional broadcasting companies Time Warner and Fox served to keep the news channel - speculation alive, because being absorbed into a traditional media conglomerate would give Vice easy access to their cable networks and partners.
Broadcom's takeover attempt is complicated further by Qualcomm's pending acquisition of NXP Semiconductors (nxpi), meant to give Qualcomm broader access to new markets.
Less than a year after retiring as CEO of convenience store giant Alimentation Couche - Tard, the executive chairman, along with his three co-founders, put forward a resolution to extend their time - limited voting control — the group holds 22 % of the company's equity — to ward off any future takeover attempts.
While Melbourne - based BHP Billiton (ASX: BHP) is one of the largest diversified natural resources companies in the world, Canadians will remember the name from its now - infamous hostile takeover attempt of PotashCorp in August 2010.
And on Aug. 1 it filed a lawsuit accusing Valeant and Pershing Square Capital of using fraud and insider trading to further their hostile takeover attempt of the California - based drug company.
Broadcom's stock rose 4 % in after - hours trading on Friday to $ 264.21 after the Wall Street Journal reported of Intel's interest in acquiring Broadcom, which engaged in a hostile takeover attempt of mobile chip maker Qualcomm.
As previously reported by WA Business News, if successful in its takeover attempt, Metcash has plans to close down the Perth offices of FAL and sell the group's 81 Action supermarkets across Australia to independent retailers.
Qualcomm sends a second letter to shareholders urging them to reject Broadcom's hostile takeover attempt, this time focusing on regulatory roadblocks.
Allergan (AGN), maker of Botox, continued its fight against the hostile takeover attempt by Valeant Pharmaceuticals (VRX) recently in a press release reiterating its belief that VRX's acquisition - driven business model is unsustainable.
Struggling retailer J.C. Penney is adopting a plan to prevent a takeover attempt just two days after reporting its sixth straight quarter of big losses and steep revenue declines.