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Entries tagged "takeover"Will NRG Energy acquire Reliant Energy?While Princeton, N.J., power producer NRG Energy Inc. has been trying to thwart a $4.7 billion hostile takeover by Chicago giant Exelon Corp., rumors have been swirling that it's considering picking up Reliant Energy Inc.'s retail operation. ... Anheuser-Busch brews over board lawsuitThe banter between brewing rivals Anheuser-Busch Cos. and InBev SA continued Wednesday when A-B's vice president of legal and government affairs, Gary Rutledge, issued a statement saying the St. Louis company won't back down from its attempt to ward off a $46.3 billion takeover offer. "We are reviewing the pleadings filed yesterday in Delaware and remain fully committed to challenging InBev's claims that any or all of our directors can be removed without cause," he said in a statement. ... Busch family divisions show in light of InBev offerAs the Anheuser-Busch Cos.' board supposedly met this Friday to finally discuss the $46 billion takeover bid made by InBev SA, family member Andrew Busch told the St. Louis Post-Dispatch that he opposes the sale. ... Busch leagueCan InBev plausibly present a takeover of Anheuser as a merger of equals? A hostile bid will likely fizzle. Shareholders say InBev bid 'reasonable'Undisclosed Anheuser-Busch Cos. shareholders told Reuters that a $65 a share bid by Belgium's InBev NV for the U.S. brewing giant would be reasonable. ... TeliaSonera rebuffs France Télécom's $42B bidTeliaSonera AB on Thursday spurned an unsolicited approach from France Télécom SA, insisting that that the 252.5 billion Swedish kronor ($41.9 billion) offer is way too low. ... Bear Stearns layoffs beginAfter weeks of anxiety-ridden anticipation, the Bear Stearns Cos. layoffs begin. As J.P. Morgan Chase & Co. completes its $10 a share takeover of the bank, the employees at Bear Stearns have started receiving letters that notify them if they will remain employed, reports Reuters.... JC Flowers withdraws bid for FriendsJC Flowers & Co. LLC has finally withdrawn its $6.9 billion takeover proposal for Friends Provident plc. The New York-based buyout firm set an acceptance deadline for Friday and announced in a statement that "it is no longer considering making an offer for the company."U.K.-based life insurer Friends rejected a takeover proposal from Flowers in March, saying the indicative bid wasn't even worth discussing. - Maria WoehrFind out more about why the deal collapsed: Flowers renews Friends attackFlowers given Friends deadline... Deal International: March 26, 2008Stay tuned to The Deal.com and Deal International for updates on these stories and more. Vale, Xstrata end takeover talks After three months, Brazil's Cia. Vale do Rio Doce abandoned a takeover proposal for miner Xstrata, a target thought to be valued at about $90 billion.Oriel goes to Mechel for $1.5BRussian coal and steel group Mechel agrees to pay $1.5 billion for Russian-focused miner Oriel Resources.Sainsbury plc's venture with British LandSainsbury, which has seen off at least two bids over the past year, unveils a $1.2 billion property venture with British Land.Financial Services Authority improves oversightsThe U.K.'s Financial Services Authority... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "takeover." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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