Category: takeover
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Media veteran Bronfman raises bid for Paramount takeover to $6 billion, source says By Reuters
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(This story, originally published on August 21, has been resubmitted to correct RedBird’s writing style, in paragraph 8.) LOS ANGELES (Reuters) – Veteran businessman Edgar Bronfman has sharpened his bid for Paramount Global Inc. with a $6 billion offer for the controlling stake in National Amusements Inc. and a minority…
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Couche-Tard makes preliminary takeover bid for Japan’s Seven & i By Investing.com
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Investing.com – Canadian Retail Giant Alimentation Coach Tard Company The Toronto Stock Exchange (TSX:) said it has made an initial offer to buy Japan’s Seven & i Holdings (TYO:), owner of the 7-Eleven chain, on Monday. Seven & I Holdings said in a statement that the company received a confidential,…
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David Beckham-backed Guild Esports set for takeover by US-based DCB Sports By Reuters
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(Reuters) – Shares of David Beckham-backed Guild eSports jumped more than 54 percent in early trading on Monday after the gaming company said it plans to accept a takeover offer from California-based investment management firm DCB Sports. Financial details of the deal were not disclosed by Guild Esports, which said…
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Addison Lee up for sale as owners explore potential takeover
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Addison Lee’s owners Cheney Capital and William Griffin have hired investment bank Jefferies to explore the sale of the popular London minicab company. Addison Lee, a fixture on London’s high streets since it was founded in 1975, is now considering a sale by its majority shareholder, the Strategic Value Credit…
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SK Group to protect affiliates from hostile takeover after chairman’s divorce ruling By Reuters
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Written by Joyce Lee SEOUL (Reuters) – South Korea’s SK Group Chairman Chi Tae-won said on Monday the group would prevent the outcome of his latest ruling on a divorce push from leaving SK companies vulnerable to a hostile takeover or other problems. The Seoul High Court ruled in late…
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Court to decide whether KICC takeover from Kanu was illegal
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A judge will today decide whether the Kenyan independence party African National Union (KANU) should reclaim the iconic Kenyatta International Conference Center (KICC) in Nairobi. Kanu filed a petition in the Environment and Lands Court four years ago seeking to reclaim the building after it was evicted by presidential executive…
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Soccer-Everton takeover by US private equity firm falls through By Reuters
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(Reuters) – Premier League club Everton said on Saturday that the takeover agreement with potential owner 777 Partners had expired after the American private equity firm failed to complete the acquisition of a majority stake in Farhad Moshiri by Friday’s deadline. In September, the Miami-based investment fund said it had…
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CMA Launches Probe into Nationwide’s £2.9bn Takeover of Virgin Money
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Britain’s competition watchdog has launched an investigation into Nationwide’s £2.9bn takeover of Virgin Money, examining potential antitrust concerns. The Competition and Markets Authority (CMA) confirmed the investigation on Friday, setting July 26 as the deadline for its initial decision. The investigation by the Capital Markets Authority will assess whether the…
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Hunt Pledges to Safeguard Key Royal Mail Services Amid £3.6bn Takeover
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Chancellor Jeremy Hunt has urged regulators to closely examine Daniel Kretinsky’s proposed £3.6bn takeover of Royal Mail, amid concerns about the potential break-up of the iconic postal service. Hunt stressed the importance of extending the guarantees currently promised by Kretinsky beyond their initial periods. Speaking to LBC, Hunt highlighted the…
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Pinewood Beach Resort appeals to block KCB takeover
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The owner of Pinewood Beach Resort and Spa has moved to the Court of Appeal to prevent a reception manager appointed by KCB Bank from taking over the establishment in Kwale. In an application dated May 3, ITCO Investments Ltd, which runs the hotel, said there was a real risk…
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Atos board reported to be meeting Sunday to review takeover bids By Reuters
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PARIS (Reuters) – The board of directors of French technology company Atos is scheduled to meet on Sunday evening to consider takeover offers, including one from Czech businessman Daniel Kretinsky, newspapers Les Echos and Le Figaro reported. Atos, which provides communications for the French army and is set to manage…
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Nippon Steel is putting off its $14.1bn takeover of U.S. Steel by 3 months
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Nippon Steel said on Friday it has postponed the expected closing of its $14.1 billion takeover of US Steel by three months after the US Department of Justice requested more documents related to the deal. The deal, which has already been approved by US Steel shareholders, is still expected to…