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China Lowers Insurance Firm's Caps in Stocks
Feb 2, 2017China’s insurance regulator on Tuesday announced a ban on insurers acquiring listed firms in concert with non-insurance parties, in a latest move to limit insurance assets invested in equity markets. According to new rules set by ...
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Home Retail Backs Sainsbury's £1.4bn Takeover Bid or Argos
Apr 5, 2016The supermarket will now set about its mission to create a ' ulti-product, multi-channel' retailer with around 200 stores. Sainsbury’s has won the four-month battle to buy Argos after the Home Retail Group’s owner agreed to a ...
Tags: Argos, Home Retail, Sainsbury's
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Vanke Says May Issue New Shares
Dec 31, 2015It's been revealed Chinese property developer Vanke may be poised to try to issue new shares as part of an acquisition. In a filing to the Hong Kong's stock exchange, Vanke says it’s considering acquiring a company in a share and ...
Tags: Vanke, New Shares
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A2 Milk Rejects a Joint Takeover Proposal From Freedom Foods and Dean Foods
Jul 21, 2015New Zealand-based milk marketing company a2 Milk has rejected a joint takeover proposal from Australia's Freedom Foods and US food giant Dean Foods. The company's board did not consider the proposal, which was made in June, as compelling. ...
Tags: healthy food, animal husbandry, milk
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Smurfit Kappa Discards Several Non-Core Units to Aurelius
Apr 23, 2015Smurfit Kappa has entered into an agreement with pan-European investor Aurelius to sell its solid board and graphic board operations located in the Netherlands, Belgium and the UK. The scope of the deal will include two graphic board ...
Tags: Smurfit Kappa, Non-Core Units
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Sika Declares First Quarter Growth
Apr 15, 2015Sika achieved "highly dynamic growth" in the first quarter of 2015, thereby making a strong start to the year despite the very high sales growth in the reference period (2014: 23.3%). At constant exchange rates, sales rose by 5.1% to CHF ...
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International Paper Bids Over Eur 8.1bn for Irish Packaging Giant Smurfit Kappa
Apr 14, 2015US-based paper packaging company International Paper is said to be exploring a takeover bid of over €8.1bn for Irish packaging giant Smurfit Kappa. Sky News quoted a source as saying that International Paper was considering an ...
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Chemchina Has Acquired Italian Tire Company Pirelli for $7.7 Bn
Mar 25, 2015Chinese chemical company ChemChina has acquired Italian tire company Pirelli for $7.7 bn. ChemChina makes all steel radial tires and off-the-road tires, and is reportedly one of the largest producers of high strength conveyor belt and ...
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Shareholder Approve Sika Board of Directors Rises
Feb 2, 2015The opposition of the shareholders of Sika AG to the hostile takeover bid by Saint-Gobain continues to mount. So far, investors who together hold over 40 percent of the share capital have expressly stated their support for the course ...
Tags: pension funds, prominent institutional investors, Construction
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Hawesko Is Looking for an Alternative Buyer for Its Proposed Buyout
Dec 9, 2014German wine seller Hawesko is looking for an alternative buyer for its proposed buyout after rejecting takeover offer by Detlev Meyer. Hawesko's management board said that a 40-euro-per-share takeover bid by by Tocos Beteiligung and its ...
Tags: buyout, wine seller, Agriculture
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China's Steel Production Has Plateaued and Mills Complys with Tougher Anti-Pollution Ways
May 11, 2014China's steel production has plateaued and mills are focusing on complying with tougher anti-pollution measures instead of expanding capacity, a senior official at the China Iron and Steel Association (CISA) said on Wednesday. The fight ...
Tags: Steel Production, Iron, Steel
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Talks of a Merger Have Once Again Surfaced-This Time with Department Store Competitor Myer
Feb 10, 2014Just 18 months after David Jones was subject to a bizarre takeover bid from a relatively unknown company in the UK, talks of a merger have once again surfaced --- this time with department store competitor Myer. David Jones explained the ...
Tags: Retailer
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No Further Extensions of Time to Be Granted for 2 Remaining Australian Exploration Permits
Jan 15, 2014Tangiers Petroleum Limited (ASX: TPT; AIM:TPET) (Tangiers) advises that the government have formally indicated that no further extensions of time will be granted for its two remaining Australian exploration permits. Consequently, it is ...
Tags: Tangiers, Australian exploration permits, cancellation
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Tangiers Petroleum (U/R) Proposed Takeover Offer for Jacka Resources
Dec 10, 2013Tangiers Petroleum (u/r) Proposed takeover offer for Jacka Resources. The proposed takeover is an all share offer of 0.468 Tangiers shares for every share in Jacka Resources, implying a pre-merger share price of 11.1p for Tangiers (shares ...
Tags: Oil and Gas News, London Market, Tangiers, Jacka
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MG Offered to Pay A$9 Per Share of WCB, Valuing The Victorian Dairy Firm at A$505m
Nov 15, 2013Murray Goulburn Co-operative (MG) and Bega Cheese have revised their takeover offers for Warrnambool Cheese & Butter (WCB). As per the terms, MG offered to pay A$9 per share of WCB, valuing the Victorian dairy firm at A$505m. Bega ...
Tags: Murray Goulburn, Food