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Suncor hopes to raise bid for Canadian Oil Sands -WSJ
2016-01-18 06:17:32| Oil & Gas - Topix.net
Jan 17 Suncor Energy Inc is working to raise its all-stock offer for rival Canadian Oil Sands Ltd and a deal could be announced as early as Monday, the Wall Street Journal said, citing a source familiar with the situation. The two Canadian companies have been working on a revised bid since Friday, the Wall Street Journal said on Sunday, citing the source, who said talks were still ongoing.
UPDATE 1-Dialog shares rise after losing bid for Atmel
2016-01-15 12:54:38| Semiconductors - Topix.net
FRANKFURT, Jan 15 Shares in Dialog Semiconductor Plc rose as much as 9 percent on Friday after it said it would not enter a bidding war for U.S. chipmaker Atmel Corp . Earlier this week Atmel said it considered rival suitor Microchip Technology Inc's $3.42 billion cash-and-stock proposal superior to an agreed offer from Dialog.
Dialog declines to raise bid for Atmel
2016-01-15 09:56:00| Telecompaper Headlines
(Telecompaper) Dialog Semiconductor has decided not to raise its bid for Atmel, acknowledging that a rival bid from Microchip Technology was superior and that a higher bid was not in the interests of its shareholders. Under the merger agreement that was signed between Atmel and Dialog, Atmel will have to pay a termination fee of USD 137.3 million.
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American Apparel Said to Reject Latest Charney-Led Takeover Bid
2016-01-15 03:15:31| Apparel - Topix.net
American Apparel Inc.'s board of directors rejected the latest takeover offer involving the company founder and fired Chief Executive Officer Dov Charney, two people familiar with the decision said. The vote means an offer valued at $300 million from three investment funds who've aligned with Charney must be further sweetened to win over the company, or they must convince a judge next week to throw out a competing proposal backed by American Apparel's lenders.
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American Apparel rejects takeover bid: source
2016-01-15 03:15:30| Apparel - Topix.net
Earlier this week, the Los Angeles-based company received a $300 million bid from a group of investors who are backing the return of Dov Charney. Hagan Capital Group and Silver Creek Capital Partners said their proposal included $90 million of new equity and a $40 million term loan, and backs a business plan from Charney, who was fired as chief executive in December 2014.
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