Sentences with phrase «takeover battle»
A "takeover battle" refers to a situation where two or more companies are competing to acquire control over another company. It can involve bidding, negotiations, and various strategies employed by the companies to win the takeover. Full definition
Her comments come on the heels of milk price increases from rival dairy processors Murray Goulburn and Bega Cheese, and in the wake of Canadian dairy giant Saputo's victory in the three - way takeover battle for Warrnambool Cheese & Butter.
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Robert Coury, executive chairman of Mylan, led the pharma firm's unsuccessful attempt to acquire Perrigo, which was one of the largest hostile takeover battles of 2015.
WCB has been the subject of a dramatic takeover battle between NSW - based Bega Cheese, Canada's Saputo and Victorian farmer co-operative Murray Goulburn.
Lion, owned by the Japanese conglomerate Kirin, barged into the three - way takeover battle for WCB to give itself a seat at the table of a potential change of ownership and protect its joint venture deal with the processor.
Tribune Publishing's adoption of the defense, widely used in hostile takeover battles, follows its formal rejection last week of Gannett's April 12 offer of $ 12.25 a share to acquire the company in a deal that was valued at $ 815 million, including the assumption of $ 390 million in debt.
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.
The deal was sealed after a fierce takeover battle with Victorian co-operative Murray Goulburn and NSW - based Bega Cheese.
Bega Cheese's decision to sell its holding in Warrnambool Cheese & Butter to Canada's Saputo ends a bitter takeover battle for Australia's oldest listed dairy processor.
SPECIAL REPORT: Corporate advisory firm Argonaut had a lead role in two of the most hotly contested takeover battles in WA in recent times.
The IPO comes amid a flurry of corporate activity in the FMCG industry: Goodman Fielder's suitors are preparing to sweeten their 65 cents a share offer, while Saputo won a fierce takeover battle for Warrnambool Cheese & Butter in February.
Dairy and drinks giant Lion is digging in its heels over a 10 per cent stake in - Warrnambool Cheese & Butter which is preventing Canadian processor Saputo from taking full control after a bitter $ 500 million takeover battle last year.
Rival bidders for rail and ports giant Asciano are considering making a joint, all - cash $ 9.05 billion bid in an effort to seal the long - running takeover battle.
Adapted from the book of the same name, «Barbarians at the Gate» tells the true story of the RJR Nabisco takeover battle in 1988.
The corporate dueling sets the stage for what could become the most dramatic hostile takeover battle since last year's unsolicited attempt by drugmaker Valeant (VRX) to acquire Allergan, which was ultimately acquired by Actavis (ACT).
T), ending a contentious takeover battle for the No. 3 U.S. wireless service provider.
Singapore's securities watchdog, Securities Industry Council, intervened last week by calling an unprecedented auction on Monday to end the protracted takeover battle between the two tycoons.
Valeant Pharmaceuticals» fight to take over Allergan, assisted by Bill Ackman's Pershing Square Capital, is among the scorchiest of scorched - earth takeover battles.
The fine on Wednesday came with Qualcomm in the midst of multiple takeover battles.
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.
Confirmation that Saputo has picked up just shy of 4 per cent of Warrnambool Cheese & Butter, along with suggestions the Canadian dairy giant might be hauled into the Takeovers Panel in the wake of Monday's simplified bid terms, talks directly to the competing strategies at play in this intricately poised takeover battle.
Coopers evaded the clutches of Lion, which makes Tooheys and XXXX Gold, in a bitterly fought takeover battle in 2005.
PanAust managing director Gary Stafford hoped to have «some clarity» on the prolonged takeover battle for the company by early October.
After having booked a $ 51 million profit following the Warrnambool Cheese & Butter takeover battle, the Melbourne - based co-operative recently «hosted a presentation by management of the ice cream company, which is currently being shopped around by its private equity owner, Pacific Equity Partners,» the Australian reported on its web site.
Both WCB and Murray Goulburn are holding meetings of their own this week as the dramatic takeover battle reaches a critical point.
For veteran dairy farmer John Thomas the intense takeover battle for the nation's fourth - largest milk processor, Warrnambool Cheese & Butter Factory, has a simple genesis.
The aggressive and hyperactive takeover battle for WCB has seen the small dairy company's share price rocket from around $ 4 to close to $ 10 in only a few short months, with Lion keen to protect its sizeable National Foods business that owns a portfolio of well know cheeses and milk.
Thrusting himself into a highly publicized takeover battle, Ackman scored huge returns on his investment when the REIT was bought.
Canada's Saputo «on cusp» of control in one of Australia's more competitive takeover battles, Reuters
It was during this time that some rainmaker lawyers were propelled into the boardrooms as large corporations enlisted their help to formulate legal strategy in titanic takeover battles.
Murray Goulburn, Australia's largest dairy exporter, is locked in a three - way takeover battle with Bega Cheese and Canada's Saputo for control of WCB, and is the only bidder yet to clear its external regulatory hurdles.
The dairy group has been the subject of a dramatic $ 500 million - plus takeover battle between Australian rivals Murray Goulburn and Bega Cheese, and Canada's Saputo.
Montreal - based Saputo is locked in a three - way takeover battle for control of WCB with Australia's biggest dairy exporter Murray Goulburn and NSW - based Bega Cheese.
For the past four months, Bega Cheese, Murray Goulburn and Canada's Saputo have been locked in a bitter takeover battle for Warrnambool Cheese & Butter, Australia's oldest listed dairy processor.
But it was the hotly contested takeover battle for WCB between Saputo, Bega Cheese and Murray Goulburn that threw the sector into the spotlight.
A hallmark of hostile takeover battles is petty litigation, and Pershing Square, which is trying to get Allergan to sell itself to Valeant (and Pershing Square), filed quite a petty lawsuit today.
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.
During the heated takeover battle for Warrnambool Cheese & Butter this year, Murray Goulburn's bid was thwarted because of concerns about a reduction in local competition.
A German court has acquitted the former CEO and CFO of sports car maker Porsche of manipulating the company's share price during its takeover battle with Volkswagen 0.09 %, dealing a serious blow to a seven - year battle for compensation by U.S. hedge funds.
Vivendi's pursuit of video game publisher Ubisoft has crossed another threshold, and a hostile takeover battle is looking a lot more likely.
Shareholders attending the meeting said they were happy SoftBank had beaten Dish in the takeover battle.
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).
MUMBAI Malaysia's IHH Healthcare Berhad on Thursday offered to buy India's Fortis Healthcare Ltd, sparking a potential three - way takeover battle for the company at a time when interest in Indian healthcare assets is rising.
[4] But in the midst of the takeover battles of the 1980s, corporate insiders «who saw their firms as being vulnerable to takeovers began lobbying [the exchanges] to liberalize their rules on shareholder voting rights.»
As one of the original «barbarians at the gate» in the takeover battles of the 1980s, KKR & Co. became an icon of the private equity industry's bare - knuckle approach to business.
Instant prognostications ensued — Poynter's Rick Edmonds predicts that Gannett is likely to win the takeover battle.
Schaeffler still owns a 46 percent stake in Continental, reducing its stake from around 90 percent at the height of the takeover battle.
Mineral Resources boss Chris Ellison refuses to concede defeat in the takeover battle for AWE, and vows to push into new commodities
LONDON Sky, the pay - TV group at the center of a takeover battle between Fox, Disney and Comcast, reported a strong third quarter on Thursday, underlining its appeal to rival U.S. entertainment groups who want to expand in Europe.