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....". The UK's stock exchange operator has been a takeover target many times since 2000. ... [Read full article on BBC ]
Wednesday 29th of March 2017 09:24:57 AM
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....Tesco surprised investors in January when it announced the £3. 7bn takeover of Booker. ... [Read full article on BBC ]
Monday 27th of March 2017 06:47:15 PM
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....It still provides technology for nuclear power stations around the world. However, massive cost over-runs at power station projects in South Carolina and Georgia, as well as heavy losses linked to the takeover of another nuclear business in 2015, have brought it to the brink of collapse. ... [Read full article on BBC ]
Wednesday 29th of March 2017 07:15:32 AM
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.... They were the export of cars and lorries, and the financial services sector. Ministers have also had to give "support and assurances" for Nissan's plant in Sunderland, intervene in Peugeot's takeover of Vauxhall, and face repeated questions from the industry about post-Brexit tariffs. ... [Read full article on BBC ]
Tuesday 28th of March 2017 11:01:52 PM
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....Tesco is paying a £129m fine and will also pay £85m in compensation to shareholders. Separately, one of Tesco's biggest shareholders has warned that the retailer is paying too much for its planned takeover of wholesaler Booker. ... [Read full article on BBC ]
Tuesday 28th of March 2017 08:21:08 AM
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.... This week it put the remainder of its 99p Stores business, which was taken over by Poundland in late 2015, into administration and offloading 60 stores, most of which had already closed. About 170 99p outlets have been converted to Poundland since the takeover. ... [Read full article on Guardian ]
Wednesday 29th of March 2017 05:34:00 PM
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. Redrow has walked away from buying Bovis Homes after deciding not to increase its takeover approach, clearing the field for rival housebuilder Galliford Try. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 07:41:52 AM
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. Redrow has withdrawn its takeover offer for fellow housebuilder Bovis. ... [Read full article on BBC ]
Tuesday 28th of March 2017 07:36:53 AM
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.... Two of Tesco biggest shareholders – Schroders and Artisan Partners – think the proposed £3. 7bn takeover of food wholesaler Booker is a stinker. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 05:48:11 PM
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.... However, despite this, it is essential that a place is found for Co-op Bank. The bank has been riddled with problems since its disastrous takeover of Britannia building society in 2009, which saddled it with bad loans. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:02:24 AM
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....Tesco’s £3. 7bn takeover of Booker, the grocery wholesaler, is in doubt after two major shareholders in the supermarket group expressed their opposition to the deal. ... [Read full article on Guardian ]
Monday 27th of March 2017 06:04:28 PM
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. Portsmouth are to enter into exclusive discussions with former Walt Disney chief executive Michael Eisner about a potential takeover of the club. ... [Read full article on BBC ]
Thursday 23rd of March 2017 04:50:37 PM
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.... But it would create intense uncertainty among the bank’s customers and its remaining workforce of 3,895, down by half since the bank’s near collapse in 2013. Trading in the bank’s bonds, which are seen as an indicator of the bank’s survival prospects, suggests that hopes for a full takeover deal are fading. ... [Read full article on Guardian ]
Friday 24th of March 2017 10:12:57 AM
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Latest Finance News related to Takeover

Tobacco display ban hits sales at Budgens and Londis owner image
Source : Guardian [Read Article] Thursday 30th of March 2017 07:50:20 AM
....Booker, the wholesaler behind convenience store brands including Budgens and Londis, which is the target of a £3. 7bn takeover by Tesco, has suffered a sharp fall in tobacco sales after a ban on displaying cigarette packets in shops. ...
Poundland takes on Asda with low-cost clothing range image
Source : Guardian [Read Article] Wednesday 29th of March 2017 05:34:00 PM
.... This week it put the remainder of its 99p Stores business, which was taken over by Poundland in late 2015, into administration and offloading 60 stores, most of which had already closed. About 170 99p outlets have been converted to Poundland since the takeover. ...
Toshiba's Westinghouse files for US bankruptcy image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:15:32 AM
....It still provides technology for nuclear power stations around the world. However, massive cost over-runs at power station projects in South Carolina and Georgia, as well as heavy losses linked to the takeover of another nuclear business in 2015, have brought it to the brink of collapse. ...
What businesses want from the talks image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:01:52 PM
.... They were the export of cars and lorries, and the financial services sector. Ministers have also had to give "support and assurances" for Nissan's plant in Sunderland, intervene in Peugeot's takeover of Vauxhall, and face repeated questions from the industry about post-Brexit tariffs. ...
Plumbing firm Wolseley leads FTSE higher image
Source : BBC [Read Article] Tuesday 28th of March 2017 08:21:08 AM
....Tesco is paying a £129m fine and will also pay £85m in compensation to shareholders. Separately, one of Tesco's biggest shareholders has warned that the retailer is paying too much for its planned takeover of wholesaler Booker. ...
Redrow walks away from Bovis takeover after offer is rejected image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:41:52 AM
. Redrow has walked away from buying Bovis Homes after deciding not to increase its takeover approach, clearing the field for rival housebuilder Galliford Try. ...
Redrow withdraws Bovis takeover offer image
Source : BBC [Read Article] Tuesday 28th of March 2017 07:36:53 AM
. Redrow has withdrawn its takeover offer for fellow housebuilder Bovis. ...
Tesco warned over cost of £3.7bn Booker takeover image
Source : BBC [Read Article] Monday 27th of March 2017 06:47:15 PM
....Tesco surprised investors in January when it announced the £3. 7bn takeover of Booker. ...
Two Tesco shareholders oppose £3.7bn takeover of wholesaler Booker image
Source : Guardian [Read Article] Monday 27th of March 2017 06:04:28 PM
....Tesco’s £3. 7bn takeover of Booker, the grocery wholesaler, is in doubt after two major shareholders in the supermarket group expressed their opposition to the deal. ...
Co-operative Bank says it has interest of several credible buyers image
Source : Guardian [Read Article] Friday 24th of March 2017 10:12:57 AM
.... But it would create intense uncertainty among the bank’s customers and its remaining workforce of 3,895, down by half since the bank’s near collapse in 2013. Trading in the bank’s bonds, which are seen as an indicator of the bank’s survival prospects, suggests that hopes for a full takeover deal are fading. ...
Portsmouth and ex-Disney CEO Michael Eisner to hold exclusive takeover talks image
. Portsmouth are to enter into exclusive discussions with former Walt Disney chief executive Michael Eisner about a potential takeover of the club. ...
Investors urge Dulux owner to hold takeover talks image
Source : BBC [Read Article] Wednesday 22nd of March 2017 10:10:12 AM
. Two large shareholders in Akzo Nobel have urged the Dulux paint owner to open talks on a potential takeover. ...
Viagogo snubs MPs' inquiry into online ticket reselling image
Source : Guardian [Read Article] Tuesday 21st of March 2017 10:57:46 AM
....It is extremely rare for company executives to refuse to appear at a select committee inquiry. Irene Rosenfeld, then boss of food group Kraft, provoked fury when she twice ignored an invitation to face MPs over the US company’s controversial £12bn takeover of Cadbury’s. ...
AkzoNobel wins Dutch political support against possible bid image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:01:56 AM
. A possible takeover for the maker of Dulux and Hammerite paint faces growing opposition in the company's homeland. ...
Unilever bids to heal shareholder rift amid 'garage sale' warnings image
Source : Guardian [Read Article] Sunday 19th of March 2017 01:46:15 PM
. Unilever is drawing up plans to heal a rift among shareholders triggered by its rejection of a $143bn (£115bn) bid from Kraft Heinz, amid a warning that Britain could become home to “a garage sale” unless there is protection for domestic companies from foreign takeovers. ...
Unilever is safe, but we need better defences against short-term capitalism image
....One way of looking at this is to say Unilever would have won anyway. If it can improve its share price by a fifth just by promising to hurry up, expectations for a fair takeover price might have run beyond Kraft’s ability to pay. ...
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
....He joined Barclays in 1996, having worked in senior roles at Credit Suisse First Boston and Morgan Stanley International. As the global financial system teetered on the brink in 2008, Mr Diamond won praise for his role in the successful and profitable takeover of the US operations of Lehman Brothers. ...
Sainsbury's takes inflation hit on the chin as Aldi and Lidl loom | Nils Pratley image
.... It is not against the rules to counter those forces and take a bit of short-term pain yourself. In 2014, Balfour Beatty was deemed in some quarters to be such a mess that a takeover by rival Carillion would be an act of mercy. ...
Fox takeover bid for Sky to be reviewed image
Source : BBC [Read Article] Thursday 16th of March 2017 11:37:23 AM
. Culture Secretary Karen Bradley has asked regulators to examine Rupert Murdoch's 21st Century Fox's takeover bid for Sky. ...
Rupert Murdoch's Sky bid to be investigated by UK regulator image
Source : Guardian [Read Article] Thursday 16th of March 2017 11:35:05 AM
....Rupert Murdoch’s £11. 7bn takeover bid for Sky is to be investigated by the media regulator to see if it gives him too much control of news output in the UK and whether the Murdoch family are “fit and proper” owners following the phone-hacking scandal. ...
Balfour Beatty returns to profit image
Source : BBC [Read Article] Thursday 16th of March 2017 08:18:30 AM
.... . Balfour said it had allowed its business to become too complex after a series of takeovers. ...
Sainsbury's sales fall but Argos growth strengthens image
Source : BBC [Read Article] Thursday 16th of March 2017 07:24:57 AM
....Sainsbury's bought catalogue retailer Argos last year as part of its £1. 4bn takeover of Home Retail Group. ...
UK government should help companies targeted by foreign bids, says Unilever image
. The boss of Unilever has urged the government to provide more help for Britain’s largest companies when they are targeted by foreign takeovers. ...
Charlotte Hogg’s exit raises tough questions for Bank of England | Nils Pratley image
.... Habgood is now on the spot, as he should be. The takeover rules should be strengthened to help national corporate champions defend themselves, Unilever chief executive Paul Polman has told the Financial Times. ...
Unilever chief calls for tougher takeover safeguards image
Source : BBC [Read Article] Tuesday 14th of March 2017 07:14:02 PM
. The boss of Unilever is calling for a strengthening of UK takeover rules to protect "national champions" after the consumer goods giant saw off a £115bn bid from Kraft Heinz. ...
Yahoo chief executive Marissa Mayer could land $23m payout image
Source : BBC [Read Article] Tuesday 14th of March 2017 03:22:07 PM
....Yahoo chief executive Marissa Mayer could be in line for a $23m (£18. 9m) payout if she loses her job as part of the takeover of the company by Verizon. ...
Five ways the singles chart can be fixed image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:55:40 AM
...."The sheer voracity with which it's been devoured is just incredible," boasted Sheeran's record label boss, Ben Cook, in an interview with Music Week. But the star's unprecedented one-man takeover of the chart has left people wondering whether the venerable countdown has become redundant. ...
Top executives may be brilliant – but their pay's about timing and luck image
....3bn company splashes out £1. 9bn on a “transformational” acquisition, paying half in shares and half in cash, what do you get three years later? The answer, in the case of Amec, which spent the sum on US group Foster Wheeler in 2014, is a pile of trouble, towering debts followed by submission to Wood Group’s all-share takeover offer at only £2. ...
Intel buys driverless car technology firm Mobileye image
Source : BBC [Read Article] Monday 13th of March 2017 12:09:06 PM
....3bn (£12. 5bn) takeover of specialist Mobileye. ...
Bovis shares continue to climb on two takeover offers image
Source : BBC [Read Article] Monday 13th of March 2017 10:02:33 AM
. Bovis shares are risen more than 10% in afternoon trading after it received two potential takeover offers. ...
UK shares lifted by takeover news image
Source : BBC [Read Article] Monday 13th of March 2017 09:09:59 AM
. (Close): A flurry of takeover activity helped to push the mid-cap FTSE 250 index to a record. ...
Wood Group agrees takeover of rival Amec Foster Wheeler image
Source : BBC [Read Article] Monday 13th of March 2017 08:32:01 AM
....Amec Foster Wheeler has agreed to a £2. 2bn takeover by Wood Group in a deal that brings together two of the UK's largest energy services companies. ...
Bovis in talks with rival builder Galliford Try after rejecting £1bn offer image
....Troubled builder Bovis Homes is in talks with rival construction firm Galliford Try over a merger that would create one of Britain’s biggest housebuilders. Bovis, which has recently come under fire for the quality of its new-build homes, was forced to confirm over the weekend that it had received takeover approaches from both Galliford and another housebuilder, Redrow. ...
Bovis Homes rejects offers from Redrow and Galliford Try image
Source : BBC [Read Article] Sunday 12th of March 2017 12:09:00 PM
....86 per share. and that - under Takeover Panel rules - they now had a month to submit a full takeover offer or walk away. ...
Ferrari gives up F1 stake in exchange for Liberty Media stock image
Source : Guardian [Read Article] Friday 10th of March 2017 04:46:33 PM
....This isn’t the first time Liberty has tried to tempt F1’s teams into becoming stakeholders in an effort to change the old-boys management structure of the storied race franchise. In the wake of the takeover, Liberty offered F1’s 10 teams the chance to buy $1. ...
21st Century Fox rejects Sky takeover bid concerns image
Source : BBC [Read Article] Thursday 9th of March 2017 12:59:32 AM
....21st Century Fox has defended its £11. 7bn takeover bid for broadcaster Sky after Culture Secretary Karen Bradley said she was "minded" to intervene in the deal. ...
Vauxhall takeover: Peugeot boss says no plans to shut plants image
Source : BBC [Read Article] Tuesday 7th of March 2017 10:34:22 AM
. Peugeot chief executive Carlos Tavares has said he is not considering shutting Opel and Vauxhall plants after his company's takeover of the brands. ...
Peugeot sale is an 'opportunity', says Clark. An opportunity for pigs to fly | John Crace image
....“Can the minister say whether the 40,000 jobs will be guaranteed beyond the existing contracts?” she asked in an urgent question, her tone measured and efficient. And could he also tell the house what other corporate takeovers might be on the cards and whether the government had offered Peugeot any other post-Brexit assurances as it had to Nissan?. ...
Martin Rowson on the Vauxhall/Opel takeover – cartoon image
Source : Guardian [Read Article] Monday 6th of March 2017 07:40:42 PM
...
Related to :
Standard Life's Aberdeen deal means job losses – but avoids US takeover image
....Is this a case of there being no takers for Aberdeen in the US? Or is it a glorious realisation that an alliance at home tends to be safer and simpler? Probably more of the former, but there’s no disgrace in taking the defensive Scottish option. This deal is driven by a mutual need to cut costs and the all-share merger – effectively, a takeover by Standard Life of a company half its size – offers the chance of quick results. ...
In the Vauxhall towns, workers view PSA takeover with unease image
Source : Guardian [Read Article] Monday 6th of March 2017 06:59:58 PM
....“I worked there between 1965 and 1975 before taking the golden handshake [redundancy] and going to work on the rigs,” he says. He feels that German workers at Opel will fare much better from the takeover. ...
BT's £1.2bn Champions League splurge is price of staying in Sky game image
....Sources say that Sky, which is the subject of an £11. 7bn takeover by Rupert Murdoch’s 21st Century Fox, did not look to submit a knockout Champions League bid because it was keeping its powder dry. ...
Car deal image
Source : BBC [Read Article] Monday 6th of March 2017 12:49:19 PM
.... . The takeover will give PSA access to the UK market where demand for its Peugeot and Citroen cars has been poor in the past. ...
Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover image
Source : Guardian [Read Article] Monday 6th of March 2017 12:35:46 PM
....”. The Labour MP for Ellesmere Port, Justin Madders, is meeting Clark on Monday, and said the Vauxhall takeover was an important test of the UK’s industrial strategy. ...
Aberdeen Asset Management and Standard Life confirm merger terms image
...."Merger of @AberdeenAssetUK and @StandardLifeplc will have key benefit of creating world class Scottish investment house. With their respective highly attractive asset bases now secure from takeover. ...
Peugeot 'set to unveil deal to buy GM's Opel on Monday' image
Source : BBC [Read Article] Friday 3rd of March 2017 11:26:34 PM
....Last week the BBC learned that both PSA and GM were keen to sign a so-called "statement of intent" before the Geneva Motor Show which starts on 6 March to prevent ongoing speculation overshadowing the release of new models. If the takeover were to go through it would mean GM would no longer have a presence in the UK and Europe. ...
Sky takeover: Minister 'minded' to examine Fox takeover image
Source : BBC [Read Article] Friday 3rd of March 2017 12:54:43 PM
....Culture Secretary Karen Bradley said she is "minded" to order an Ofcom investigation into the planned £18. 5bn takeover of Sky by 21st Century Fox. ...
A Mini part's incredible journey shows how Brexit will hit the UK car industry image
....”. Cable said there is likely to be “intensive lobbying” from the German government to protect jobs at Opel if PSA, the owner of Peugeot, completes a takeover of General Motors’ European business. ...
UK culture secretary 'minded to' refer Sky takeover to Ofcom image
Source : Guardian [Read Article] Friday 3rd of March 2017 12:17:29 PM
....The culture secretary has said that she is likely to refer Rupert Murdoch’s £11. 7bn takeover bid for Sky to Ofcom to investigate issues of media plurality and whether Fox will maintain broadcasting standards at the pay-TV company. ...
BT chief attacks rampant price rises for TV sports rights image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:48:02 PM
....Several observers say that Sky, which is the subject of an £11. 7bn takeover by Rupert Murdoch’s 21st Century Fox, does not appear to have the appetite to lodge a blockbuster bid for Champions League football. ...
Murdoch's 21st Century Fox bid for Sky should be rejected, minister told image
Source : Guardian [Read Article] Wednesday 1st of March 2017 09:38:50 AM
....Rupert Murdoch’s bid to take control of the whole of Sky through his entertainment business 21st Century Fox should be rejected on competition grounds alone, according to research to be published on Wednesday. In a submission to the minister considering the bid, campaigners at the Media Reform Coalition and online activist network Avaaz argue that the overall market shares of both Murdoch-owned newspapers the Sun and the Times as well as Sky remain “materially unchanged” since 2011, when media regulator Ofcom raised concerns about a similar takeover. ...
ITV profits fall as advertising revenue slips image
Source : BBC [Read Article] Wednesday 1st of March 2017 07:37:00 AM
.... . There has been speculation that ITV could be a takeover target by a foreign broadcaster. ...
Sir Philip Green hasn't pushed the boat out with his BHS pensions deal | Nils Pratley image
....The trouble at BHS began, remember, when Green sold the business in 2015 to Dominic Chappell, a thrice-bankrupt individual lacking the experience or cash to execute a turnaround at a business employing 11,000 people. The sale was absurd and it should now be obvious that the Pensions Regulator must be armed with greater powers to intervene in takeovers when pension schemes are in deficit or when the would-be new owner is a danger to pensioners. ...
Christian Candy 'was hellbent on destroying' former friend's family image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:32:23 PM
.... The Crowdmix app has yet to launch to the public. For the Candys, Thomas Plewman QC dismissed the claim by Roberts that Candy Capital had engineered a takeover of Crowdmix. ...
Rupert Murdoch’s 21st Century Fox to formally notify EU of Sky bid image
Source : Guardian [Read Article] Tuesday 28th of February 2017 03:50:03 PM
....Rupert Murdoch’s 21st Century Fox is expected to formally notify the European competition regulator of its £11. 7bn takeover offer for Sky later this week, after which the UK culture secretary will have to decide whether to launch an investigation into the extent of Murdoch’s control of UK media. ...
Theresa May must block London Stock Exchange bids until after Brexit | Nils Pratley image
.... A merger with Deutsche would have been messy and awkward. But a takeover from the US, in the form of Intercontinental Exchange, owner of the New York Stock Exchange, would be much worse. ...
LSE/Deutsche Börse merger on brink of failure over EU demand image
Source : Guardian [Read Article] Monday 27th of February 2017 01:58:11 AM
.... Xavier Rolet, the chief executive of the LSE, was due to leave under the terms of the deal and will face questions about his future when the exchange publishes its results on Friday. Deutsche Börse chief executive Carsten Kengeter is being investigated over his dealings in Deutsche Börse shares before last year’s takeover announcement. ...
Warren Buffett upbeat on US business growth image
Source : BBC [Read Article] Sunday 26th of February 2017 11:22:32 AM
....He said "1,000 monkeys would be just as likely to produce a seemingly all-wise prophet" as 1,000 highly paid professionals. However, one investment manager said he felt Mr Buffett spent too much of the letter extolling Berkshire's virtues and did not address what went wrong with Kraft Heinz's failed takeover of UK household goods giant Unilever. ...
Losses of £58bn since the 2008 bailout – how did RBS get here? image
Source : Guardian [Read Article] Friday 24th of February 2017 06:23:52 PM
....The reported losses hide the true extent of the problems inside the Edinburgh-based bank, because they have been offset by the cash RBS has continued to generate since its £45bn rescue. The total cost of disastrous lending, over-paying for takeovers, fines and legal bills actually tops £90bn. ...
Vauxhall pensions 'won't be hit by PSA Group deal' image
Source : BBC [Read Article] Friday 24th of February 2017 12:40:52 PM
....". Unions in Germany and the UK have been concerned that a takeover of Opel and Vauxhall could lead to job losses. ...
Vauxhall production guaranteed until at least end of decade, PSA tells union image
....The boss of PSA Group, which is in talks to buy General Motors’ loss-making Opel business in Europe, including Vauxhall, has given assurances to the UK government and Britain’s biggest union that production will be guaranteed until at least 2021. Carlos Tavares has been on a charm offensive with politicians and unions in the UK and Germany, trying to soothe fears over factory closures and job losses if the takeover goes ahead. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
....He said PSA would respect existing labour agreements but did not rule out job cuts. Tavares has spoken with the German chancellor, Angela Merkel, and met with Opel employee representatives since the takeover discussions were announced last week. ...
Humbled Unilever aims to show shareholders it values their loyalty image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:36:53 PM
.... But, in retrospect, the panic over banks was wildly overdone. In encouraging news, Greg Clark, the business secretary, says he will set out proposals on the government’s stance towards foreign takeovers of British firms, or at least as it will apply to “critical infrastructure”. ...
Unilever takes steps to fend off renewed bid from Kraft Heinz image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:09:35 PM
....The Anglo-Dutch company knocked back a £115bn bid from Kraft on Friday, and 48 hours later its US rival withdrew its bid, with both sides saying talks had ended “amicably”. Kraft is now blocked from renewing its interest for six months under the UK’s takeover code, while Unilever has expressed confidence in the support it has from long-term investors. ...
UK plans draft response to foreign takeovers after failed Unilever bid image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 03:07:18 PM
. The business secretary, Greg Clark, has pledged to outline how the government should respond to foreign takeovers of crucial UK firms in the wake of Kraft Heinz’s failed £115bn bid for Unilever. ...
Theresa May must take £115bn hint from Kraft Heinz's failed Unilever bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:33:19 PM
.... If that explanation is correct, Kraft’s crew of billionaires should get out more. Did they miss the debates that have raged over rootless global companies, asset-stripping deals and the UK’s open-doors policy on takeovers? Hostility was predictable and justified. ...
How Unilever foiled Kraft Heinz's £115bn takeover bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:15:00 PM
....Such a swift withdrawal is unheard of for Lemann and Buffett, neither of whom are accustomed to tasting defeat in a major bid battle. Lemann’s Brazilian buyout house 3G was instrumental in securing brewer ABInBev’s takeover of SABMiller, while Buffett – often dubbed the Sage of Omaha for his deal-making prowess – was among the masterminds behind Kraft’s merger with Heinz in 2015. ...
Kraft Heinz withdraws Unilever takeover bid image
Source : Guardian [Read Article] Sunday 19th of February 2017 05:28:53 PM
. The proposed £115bn takeover of Unilever by Kraft Heinz has been called off, just two days after the offer was announced. ...
Another Brexit downside: foreign giants in power grabs for famous British names image
.... Vauxhall’s plant in Ellesmere Port is less than seven miles away from Unilever’s base in Port Sunlight on the Wirral peninsula. The thousands of workers in those two places now face an anxious wait for the outcome of takeover talks involving their parent companies. ...
Vauxhall's workforce highly valued, minister told by potential French buyer image
....Nissan announced in October it was investing in production of new versions of two models at Sunderland after it received assurances that EU withdrawal would not affect the plant’s competitiveness. Germany has already expressed concerns at the proposed takeover, with the German chancellor Angela Merkel’s cabinet discussing on Wednesday what impact the tie-up would have on the 19,000 German jobs at Opel. ...

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