Talksport Radio reporting that Stan Kronke has agreed
takeover price for shares, taking his holding to 60 % + Not sure of exact details yet.
Not exact matches
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.
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.
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.
Depressed oil
prices should be spurring some
takeovers for the energy space, but if the sector's big dogs no longer believe oil could stay above $ 40 a barrel or if they know about pitfalls the market is not seeing, that could threaten the M&A prospects, Cramer said.
Of course, a
takeover offer
for Herbalife would be one of the worst possible outcomes
for Ackman, as it would likely send the company's stock
price through the roof, adding to his losses.
Companies ripe
for takeovers often have some of the following traits: • a small capitalization; • a market
price less than book value; • a «weak» management team; • ownership of undervalued assets or important patents.
It reportedly walked away from talks with Disney about a potential
takeover for a similar
price.
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.»
(
For the persnickety: Those multiples refer to the companies» enterprise value divided by their Ebitda profit, a good way to determine a
takeover price.)
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.
Based out of China, CNOOC Limited is expected to
takeover Nexen
for a purchase
price of $ 15.1 billion.
It will be interesting to see whether farmers will be driven purely by
price or other factors will come into play, such as preferring to be part of an Australian - owned operator such as Bega Cheese, which has been widely tipped in the media as an interested party
for a full
takeover or some key assets.
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.
The arrival of a
takeover bid is usually welcome news
for shares
prices; Treasury Wine Estates stock soared 18 per cent when the company rejected a bid from KKR.
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.
Takeover target Warrnambool Cheese & Butter expects first half - year earnings to double to around $ 60 million as Chinese demand
for milk powders keeps
prices near record highs.
Takeover target Warrnambool Cheese & Butter (WCB) expects first half earnings to double to around $ 60 million as Chinese demand
for milk powders keeps
prices near record highs.
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.
The only real hope we have now is the african oil magnate Aliko Dangote and lets be honest he's far from a mug as well and wont be paying three times the standard
price for a majority
takeover, these people care ONLY about money NOT about you and me.
The two new games, Toy Box
Takeover and Toy Box Speedway, are now available
for a suggested retail
price of $ 19.99 each and will give players additional hours of gameplay inside Toy Box 3.0.
On November 21, 2008, Avigen entered into the Rights Agreement described in more detail in Item 8 below, in order to discourage a hostile
takeover by a third party at a
price that would prevent stockholders from obtaining fair value
for their Shares.
Many times in sectors, when consolidation takes place, it will happen with all of the candidates
for acquisitions eventually becoming
takeover targets, and rewarding shareholders with higher stock
prices.
Remember, AGI traded in EUR (or GBP) but the
takeover price was $ 0.1171 per share (and holders could opt
for equiv.
And even if current management is the reason
for a poor occupancy level, one can hope to benefit ultimately from a low original entry
price, new activist shareholders appearing or even a
takeover bid from a better managed (or financed) company.
For example, in a
takeover bid the share
price offered may be considered «not fair».
-- I've made no subsequent changes to the file, except: i) to adjust
for DCC (DCC: LN) migrating to a London - only listing &
for Petroceltic International (PCI: LN) consolidating its shares 1
for 25, and ii) Continental Farmers Group (CFGP: LN) will continue to be included at its GBP 36p
takeover price (the Saudi bail - out came in the nick of time, just before the cash ran dry!).
On the other hand, one might expect that because the CVR made up such a minor portion of the
takeover purchase
price ($ 74 in cash plus one CVR per Genzyme share) and the CVR is a complex security not appropriate
for most equity funds, there would be selling pressure until the end of the current quarter.
[NB: There are two other pending
takeover offers to consider: i) A recommended share offer
for Fyffes (FFY: ID) by Chiquita Brands International (CQB: US)-- I expect this to close & already incorporated it into my 2014 FFY
price target, and ii) a rejected share offer
for Kenmare Resources (KMR: LN) by Iluka Resources (ILU: AU).
-- 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.
Steve Johnson discusses the movement in GBST's share
price and CIMIC's
takeover bid
for Macmahon on Sky Business News.
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..
Companies with debt / interest in excess of that risk suffering: i) a significantly adjusted
price for their equity in the event of a
takeover — acquirer will refuse to take on debt, or will take on debt but haircut equity to compensate, ii) an eventual rights issue / placing to pay - down debt — this will probably hurt the share
price and / or dilute intrinsic value per share significantly, or iii) investors will mark down company severely at some point.
The remaining shares were sold only five months later when there was a
takeover offer
for the company at double that
price.
But I don't think that's a foolish strategy — there's plenty of investors who can boast greater
takeover success, but many tend to pay up
for the privilege, especially when you factor in dud rumours & deteriorating businesses which nobody ends up buying'til the share
price actually collapses.
In talking about his move into financials in 1Q 2009 he said the trade was «easy», the premise being that the market was
pricing the money center banks
for potential government
takeover while the government was saying that the banks were integral to the financial framework of the country (too big to fail) and that they would be purchasing equity in these institutions as above - market
prices.
Rumour on the grapevine is that a 92 percent drop in stock
price for SCi has prompted
takeover negotiations from EA and Ubisoft.
As REIT share
prices decline, these companies become ripe
for takeovers.
To help shoulder its expensive
takeover fight, Taubman Centers is capitalizing on sky - high mall
prices to sell Biltmore Fashion Park in Phoenix
for $ 158.5 million.