takeover bid

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BHP Chief Says China to Buy Stake in Firm One Day

By Eric Onstad LONON (Reuters UK) - Chinese investors are certain eventually to buy a stake in mining group BHP Billiton BLT BHP, Chief Executive Marius Kloppers said on Wednesday. "Various parts of China that have got surplus funds, capital to deploy, are deploying that across...

Tags: China, Takeover Bid, Investor, Financial Accounting, Finance, BHP Billiton, Blount International Inc., Vodafone Group Plc.

News items 2008-05-07

Mergers & Acquisitions-Georgeson Shareholder

This white paper analysis shows that poison pills provide shareholders with tangible economic benefits. Companies with pills appeared more likely to be targets of takeover bids than companies without pills. Once takeover bids were initiated, they were more likely to be completed when the target company had a poison pill....

Tags: pill, takeover bid, shareholder, benefit

White papers 2003-01-01

takeover bids Vs. Proxy Fights In Contests For Corporate Control

This article evaluates the primary mechanisms for changing management or obtaining control in publicly traded corporations with dispersed ownership. Specifically, it analyzes and compare three mechanisms: (1) proxy fights: (2) takeover bids; and (3) a combination of proxy fights and takeover bids in which shareholders vote on acquisition offers. It...

Tags: Mergers & Acquisitions, Corporate law, takeover bid, acquisition, shareholder, analysis, security

White papers 2001-12-01

Takeover Response Checklist

Mergers and acquisitions being the order of the day, this article outlines a checklist of matters to be considered in putting a company in the best possible position to respond to a takeover bid, a proxy fight, a consent solicitation or to negotiate a merger. It suggests how a company...

Tags: Mergers & Acquisitions, Investment, Financial services, takeover bid, equity, M&A, merger

White papers 2000-02-15

Additional Resources

Grand Theft Auto IV hits record of $500m sales in first week

Business News IN BRIEF *Grand Theft Auto IV, the latest edition of the "shoot-em-up" video game, had sales of $500m (260m) in its first seven days in the shops, beating records not just for games titles but for DVD and music releases as well. More than 6...

Articles 2008-05-08

BHP chief cites Rio's oil assetsto support case for takeover

Business News IN BRIEF *The chief executive of BHP Billiton opened up a new front yesterday in his attempt to convince investors of the merits of the 75bn hostile offer for rival Rio Tinto. Rather than directing attacks against Rio's arguments for resistance - the chosen tactic...

Articles 2008-05-08

Microsoft's Gates plays down prospects of fresh Yahoo bid

TOKYO AFP — Microsoft chairman Bill Gates on Wednesday played down the chances of a fresh takeover bid for Yahoo, saying the US software giant would focus on an independent strategy. "We put a lot of effort into talking to Yahoo and the conclusion was reached that we...

Articles 2008-05-07

Fortsum's Shareholders' Rights Plan Prejudices Shareholders

Louis Lessard and GMSL Financial S.A. (the "Concerned Shareholders") condemned today the adoption by the board of directors of Fortsum Business Solutions Inc. ("Fortsum") (TSX VENTURE: FRT) of a shareholders' rights plan (the "Plan"). Messrs. Louis Lessard and Jean St-Hilaire are the only directors of Fortsum to have opposed this...

Articles 2008-05-07

Sorrell urges TNS investors to back takeover offer from WPP

Business News IN BRIEF *The advertising giant WPP urged Taylor Nelson Sofres to start talks over a possible offer yesterday. The news sent shares in the market research group up 25 per cent to 240.5p amid hopes that WPP could table a higher offer. On Sunday, TNS...

Articles 2008-05-07

Short notice for Yahoo-Microsoft protest vote

Yahoo has given furious shareholders barely a week to organise a protest vote over its rejection of Microsoft's takeover offers, setting a 15 May deadline for putting resolutions to its annual meeting. The tactic - after Yahoo had repeatedly delayed setting a date for the meeting, in order to thwart...

Articles 2008-05-07

India's Bharti says no offer yet for MTN but still talking

NEW DELHI AFP — India's top mobile phone Bharti Airtel denied on Tuesday a media report that it had made a 19-billion-dollar offer to take control of South Africa's flagship MTN telecom operator. Bharti Airtel, which said Monday it had begun exploratory talks with MTN on a possible...

Articles 2008-05-06

Yahoo stock drops 15% as Microsoft pulls offer

SAN FRANCISCO -- Yahoo Inc.'s stock took a beating Monday after Microsoft Corp. withdrew its $47.5 billion takeover bid, but the punishment wasn't as severe as many analysts anticipated because investors suspect the rivals eventually will renew their mating dance. Although Microsoft has publicly indicated it will...

Articles 2008-05-06

Investors thrash Yahoo stock after Microsoft pulls offer

SAN FRANCISCO -- Yahoo is convinced it did the right thing in staving off Microsoft's takeover. But investors emphatically disagreed Monday, sending Yahoo stock plunging 15%. The sell-off came after Yahoo spurned Microsoft's sweetened $47.5 billion offer on Saturday, leading Microsoft to drop its bid. Now,...

Articles 2008-05-06

1693062 Ontario Inc. Updates Purchases of Pyxis Capital Inc.

1693062 Ontario Inc. announces that on May 5, 2008 it purchased 4,000 Dividend shares at a price of $11.2485 per share and on May 6, 2008 it purchased 2,500 Non-voting shares at a price of $0.34 per share of Pyxis Capital Inc. ("Pyxis") through The Toronto Stock Exchange bringing its...

Articles 2008-05-06

Yahoo's small investors plot coup after it spurns Microsoft takeover

Yahoo faces a revolt by shareholders furious that it spurned repeated takeover offers from Microsoft, whose withdrawn bid yesterday sent Yahoo's shares plunging. A group of small investors is trying to amass enough support to oust the board, including the founder and chief executive, Jerry Yang, who...

Articles 2008-05-06

As Microsoft ends its Yahoo bid, how will the internet's future be

The big question Why are we asking this now? Because the stage had been set for a new act in the history of the internet, as some of the world's biggest companies readied themselves to do battle over how we navigate the web. In...

Articles 2008-05-06

TNS rejects WPP

Taylor Nelson Sofres, the consumer research company, has rejected a 230p-a-share takeover proposal from WPP, the advertising and communications giant. TNS announced last night that its board had unanimously rejected WPP's approach, valuing TNS at about 950m, which was made on Saturday. WPP proposed paying 154p in...

Articles 2008-05-05

India's Bharti says in exploratory' talks with SAfrica's MTN

NEW DELHI AFP — India's top mobile phone firm Bharti Airtel said Monday it had launched "exploratory" talks with Africa's biggest cellular operator MTN Group, a move which could lead to a possible takeover offer. The announcement followed media reports last month that Bharti, led by billionaire founder-chairman...

Articles 2008-05-05

Yahoo shares dive after Microsoft abandons bid

NEW YORK AFP — Yahoo shares plummeted Monday as the Internet giant's future became clouded after Microsoft walked away from a bid rather than pursue a hostile takeover. Shares in the Internet pioneer sank 15 percent by the close of trading but remained five dollars above the price...

Articles 2008-05-05

Yahoo shares plunge after Microsoft drops takeover bid

FRANKFURT AFP — The price of shares in Internet group Yahoo plunged here on Monday after software giant Microsoft dropped a friendly bid for the company. Shares in Yahoo, the second biggest-Internet advertising platform, had lost 19.22 percent to 14.63 euros in open-market trading. Yahoo shares...

Articles 2008-05-05