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Tag: takeovers
More takeovers expected as Irish whiskey heats up
2015-06-15 11:04:28| Daily beverage news and comment - from just-drinks.com
The Irish whiskey market can expect more acquisitions as second-tier alcohol companies snap up the new wave of distilleries in Ireland, an industry player has said.
Tags: up
expected
irish
whiskey
Charter agrees Time Warner Cable, Bright House takeovers
2015-05-26 12:05:00| Telecompaper Headlines
(Telecompaper) Charter Communications confirmed an agreement to acquire Time Warner Cable for USD 78.7 billion including debt. The cash-and-shares deal values TWC at USD 195.71 per share, based on Charter's latest share price, or USD 200 based on the average share price in the past 60 days. Charter also announced that it reached an agreement with Advance/Newhouse on acquiring Bright House Networks for USD 2 billion cash plus a minority stake in the merged operator. Assuming both deals are completed, Advance/Newhouse will own 13-14 percent of 'New Charter', TWC shareholders will have 40-41 percent and Liberty Broadband will hold 19-20 percent. The exact ratios will depend on how many TWC shareholders opt for cash or shares under the Charter offer. Liberty Broadband, controlled by cable mogul John Malone and currently Charter's largest shareholder, has agreed to buy USD 4.3 billion of new shares in Charter after the closing of the TWC takeover. It also earlier agreed to buy USD 700 million in Charter as part of the Bright House deal, in order to avoid dilution of its stake in Charter. The combination of Charter, Time Warner Cable and Bright House will create the US's second-largest cable operator, serving 23.9 million customers in 41 states.
Study: Tax code facilitates foreign takeovers of U.S. companies
2015-03-11 21:53:02| Beverages - Topix.net
The tax system encourages foreign companies to purchase U.S. companies, according to a study released Wednesday by the Business Roundtable, a group of chief executive officers. Had the U.S. cut its corporate tax rate to 25 percent from 35 percent, U.S. companies would have acquired $590 billion in cross-border assets over the past decade rather than losing $179 billion, according to the study.
Tags: code
study
companies
tax
Row over fees gives glimpse into Beijing-backed takeovers
2015-01-25 16:33:34| Energy - Topix.net
An arbitration over fees paid between Sinopec Group and its agent on its 2005 bid for a major Kazakhstan oil asset provides rare details about Beijing's intervention in state firms' overseas acquisitions. Photo: Reuters An arbitration over fees paid between Sinopec Group and its agent on its 2005 bid for a major Kazakhstan oil asset that ended up being bought by fellow state-owned China National Petroleum Corp has provided rare details about Beijing's intervention in state firms' overseas acquisitions.
Tags: fees
row
glimpse
takeovers
Shire said to consider bid for NPS as it revisits takeovers
2014-12-21 12:49:42| Biotech - Topix.net
A Shire logo sits on a sign outside office buildings at Shire Plc's site in Chineham, U.K. Shire is based for tax purposes in Ireland. Chief Executive Officer Flemming Ornskov and other top executives work in Lexington, Mass.