Entries tagged "hostile bid"

Has Kraft already made its best offer for Cadbury?

There are a number of reasons why Kraft may not dramatically increase its hostile offer for Cadbury.

Video: Mintz Levin's Gulotta on takeover bid preparation

In this episode of Inside The Deal, Stephen Gulotta of Mintz Levin speaks with Suzanne Stevens about what boards need to consider in the event of an unsolicited offer or hostile bid.

Waste Management withdraws $6.7B offer for Republic

Trash hauler Waste Management Inc. on Monday withdrew its hostile $6.73 billion offer for smaller rival Republic Services Inc., citing the broader economic climate, seemingly clearing the way for the target's agreed-to merger with Allied Waste Industries Inc. ...

Xstrata gets in blocking position with stake in Indophil

Swiss miner Xstrata plc lifted its stake Friday in hostile bid target miner Indophil Resources NL of Melbourne, Australia, to just under 20%, frustrating an agreed-to A$503 million ($419 million) offer from management backed by Crosby Capital Ltd....

Republic turns to poison pill to ward off Waste Management

Waste management company Republic Services Inc. is a target of two companies, Waste Management Inc. and Allied Waste Industries Inc., but is doing everything possible, including the adoption of a poison pill, to reach a merger with preferred bidder Allied Waste. ...

InBev behaving like an activist investor

When beer titan Anheuser-Busch Cos. set up its bylaws to allow shareholders to act by "written consent," it probably did not expect the measure would be used by a rival in a campaign to take control of the brewer in an expedited manner. But, in fact, that is exactly what appears to be happening with InBev SA's plan released Monday to use the measure to replace 13 board members, according to a Securities and Exchange Commission filing....

InBev moves to oust Anheuser-Busch board

After Belgian brewer InBev SA went to court Thursday to allow the removal of the Anheuser-Busch Cos.'s directors without cause, the St. Louis-based brewer finally issued a formal refusal letter....

Anheuser-Busch reportedly in talks with Grupo Modelo

Anheuser-Busch Cos. has started preliminary merger talks with Grupo Modelo SAB de CV in order to thwart InBev SA's $65 a share offer, according to The Wall Street Journal and CNBC. ...

Deal International: News on EADS, Corporate Express, Mitchells & Butlers, more

Stay tuned to TheDeal.com and Deal International for updates to these stories and more. European Aeronautic Defence and Space Co. NV In headlines out of Europe Tuesday, EADS' chief executive says his group would target the U.S. for acquisitions this year but wouldn't challenge Italy's Finmeccanica SpA with a bid for DRS Technologies Inc. ...

EA takes three for Take-Two

Video game publisher Electronic Arts Inc. is once again extending the deadline on its $2 billion tender offer for smaller rival Take-Two Interactive Software Inc. another month, but it hasn't raised its offer, making the deal unlikely to be consummated. ...

Lazard analyst: Expect EA news soon

With the expiration date hanging over Electronic Arts Inc.' $2 billion unsolicited bid for Take-Two Interactive Software Inc., an analyst note from Lazard Capital Markets' Colin Sebastian has video game bloggers speculating about the prospects of the offer. ...

Analyst's 'Iron Man' comment offers insight into EA's Take-Two offer

If you ever wondered why Electronic Arts Inc. covets Take-Two Interactive Software Inc., look no further than Janco Partners Inc, analyst Mike Hickey's comments about the upcoming "Grand Theft Auto IV." Hickey believes the April 29 release will dampen ticket sales for Paramount's "Iron Man" film the following Friday. The premise is simple, both seek to attract the interest of the same demographic, men 18 to 34 years old. ...

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