Sentences with phrase «takeover bid valued»
Not exact matches
The tussle for control of Phoenix Gold intensified today after Zijin Mining Group struck a pre-sales agreement with one of the miner's largest shareholders, boosting its interest to 17.9 per cent ahead of announcing a cash takeover bid that values the business at $ 47 million.
https://www.businessnews.com.au/
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.
Just how Tribune (TPUB) would mount a hostile takeover bid for Gannett (GCI), a company that is more than four times its size in terms of stock - market value, is unclear.
In a record year for U.S. M&A, with $ 2.18 trillion in deals, according to Dealogic, hostile takeover bids have also surged, worth more than 14 % of the total value of transactions.
Fairfax Financial (TSX: FFH), BlackBerry's largest shareholder, has made a conditional takeover bid worth US$ 9 per share and values the company at US$ 4.7 billion.
Indonesian group Eastern Field has taken control of Finders Resources, five months after announcing its takeover bid, which values the copper miner at about $ 177 million.
While Cramer could argue that both CBS and Fox still have hidden value that could be unlocked by takeover bids, he was more taken by what Netflix may still have to offer.
(Reuters)- Spanish office buildings owner Inmobiliaria Colonial (COL.MC) said on Monday it has launched a takeover bid for Axiare Patrimonio (AXIA.MC), valuing the rival company at 1.46 billion euros ($ 1.70 billion).
«As there is no bid premium Standard Life shareholders are effectively paying for this takeover premium over and above the fundamental value of Aberdeen.»
Under UK takeover regulations, Takeda has until April 25 to announce whether or not it will bid for Shire, which has a market value of around $ 47 billion.
HONG KONG (Reuters Breakingviews)- Beware any chief executive without a Plan B. Westfield boss Peter Lowy is the latest to lack one, declaring on Thursday that despite a big drop in the value of a takeover bid from Unibail - Rodamco, there is no alternative to the sale he and his mall operator agreed in December, originally worth $ 25 billion including debt.
Murray Goulburn complained to the Panel that Saputo's revised bid, which saw WCB take an offer of two fully - franked special dividends off the table, implied a reduction in the value of the offer and contravened the truth in takeovers provision.
More than $ 800 million in market value has been shredded from two ASX - listed companies, Treasury Wine Estates and quality assurance group SAI Global, since proposed takeover bids by private equity firms fell flat.
It would have to be a very serious offer as Kroenke has only recently turned down a # 1billion takeover bid from Alisha Usmanov to buy out Stan's majority shareholding, which would have valued Arsenal Football Club at a massive # 2 billion, so Dangote's bid would have to even eclipse those figures.
Neither of the a fore mentioned would prevent a takeover bid «for peanuts» from one of the neighbouring producers if they saw value in PTR....
-- But it's hard for me to invest in a bid (even a firm bid) if I estimate intrinsic value «s far lower than the share / takeover price.
Yeah, not too enamoured with Fyffes either, but I think a merger w / Total Produce wd still be worth it as it: i) shd offer 2 - 3 years of cost cuts / earnings gains, ii) increases financial firepower for acquisitions, iii) may prompt some positive newsflow / sentiment and / or be a value catalyst, and iv) cd even flush out an external takeover bid.
I'm a rabid value investor, but catalyst (s) hopefully offer or help me avoid the following: i) realizing a potential 75 % upside is not that exciting if it takes 7 years to do it, or ii) I want to add an extra edge to my (hoped for) value edge, or iii) being taken out by a takeover bid if it is only prompted by a further slide in the share price, etc..
Analysts point out that in France shares in computer games companies such as Infogrames, Havas, Ubi Soft and Titus are given far higher values, enabling them to mount takeover bids for British rivals.
It agrees with business secretary Vince Cable that many mergers fail to create value for shareholders, and that our liberal takeover regime means British firms attract more bids than European and US competitors.
We provide informed counsel on mining finance, takeover bids, and M&A, allowing our clients to experience first - hand the value we deliver through our strategic guidance and industry - leading reputation.
The reverse takeover bid by AIM - listed Work Group values the acquisitive law firm at # 18.75 m.