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Key Masmovil shareholder accepts KKR, Cinven, Providence takeover bid
2020-09-10 09:26:00| Telecompaper Headlines
(Telecompaper) The third largest shareholder of Spanish operator Masmovil, the Indumenta Pueri holding of children's fashion brand Mayoral, has finally decided to accept the takeover bid by three US funds, said Masmovil in a filing at securities markets regulator CNMV. Mayoral's commercial director Rafael Dominguez had previously rejected the EUR 3 billion offer from KKR, Providence and Cinven as undervaluing the company but has now pledged to tender all of Indumenta Pueri's shares, said the filing. It currently has an 8.25 percent stake in the operator, with the holders of another 30 percent of the company previously committing to accept the EUR 22.50 a share offer.
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Shareholder Wilks Brothers to Launch Hostile Takeover Bid for Calfrac
2020-09-02 22:30:00| OGI
Wilks Brothers, led by oil billionaires Dan and Farris Wilks, has been acquiring stakes in hard-hit U.S. service firms, previously making two bids for Calfrac's U.S. operations that were rejected.
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shareholder
Banks bow to pressure and axe shareholder payments
2020-04-01 00:19:53| BBC News | Business | UK Edition
The Bank of England welcomed the decision by the UK's biggest banks and encouraged them to scrap bonuses.
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payments
banks
bow
BP, Activist Shareholder to Jointly Draft Climate Resolution
2020-03-27 14:07:01| OGI
An activist group has withdrawn a shareholder resolution urging BP to adhere to the Paris climate agreement after the oil and gas company agreed to work together on a joint resolution.
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draft
climate
jointly
Chevron Pledges Up To $80 Billion In Shareholder Returns
2020-03-04 11:20:00| OGI
We believe our advantaged portfolio and capital efficiency enable us to grow cash flows and increase returns without relying on rising oil prices, Chevron CEO Michael Wirth said in a statement.
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billion
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