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CIBC Obtains Issuer Bid Exemption Order to Permit Purchases by Way of Private Agreement
2016-01-06 13:11:35| Grocery - Topix.net
The Toronto Stock Exchange has also accepted an amended notice of CIBC's intention to make a normal course issuer bid to permit CIBC to make purchases of Common Shares by way of private agreement under the Order. Any purchases of Common Shares made by way of private agreement under the Order will be at a discount to the prevailing market price and may be made in one or more tranches.
Tags: order
private
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bid
CHSRA recommends $348m bid for high-speed rail contract
2016-01-06 01:00:00| Railway Technology
The California High-Speed Rail Authority (CHSRA) in the US is recommending a $348m bid to design and build a 22-mile segment of high-speed railway through the Central Valley in the state.
Tags: contract
bid
rail
recommends
Fairchild Semi to consider rival bid
2016-01-05 14:37:34| Semiconductors - Topix.net
Fairchild entered the agreement with ON Semi in November, at which time ON Semi was offering to buy Fairchild for $20 a share. "Fairchild remains subject to the agreement and plan of merger with ON Semiconductor, and Fairchild's board of directors has not changed its recommendation in support of that agreement, nor is the board of directors making any recommendation with respect to the revised proposal," the company said in a statement.
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Sainsbury's Home Retail bid rejected
2016-01-05 13:50:47| BBC News | Business | UK Edition
Sainsbury's says it made an offer for Argos owner Home Retail Group in November, but that the offer was rejected.
Tags: home
retail
bid
rejected
Exclusive: Norfolk Southern customers lobby regulator against CP bid
2016-01-04 22:14:27| Railroads - Topix.net
CHICAGO: Industry groups representing major freight customers of Norfolk Southern Corp have asked the U.S. rail regulator to reject any bid for the railroad by Canadian Pacific Railway Ltd, according to letters viewed by Reuters. The opposition from a broad array of customers to the hostile bid for the Norfolk, Virginia-based railroad could significantly harm Canadian Pacific's case if an expected lengthy proxy battle is resolved and a merger reaches the Surface Transportation Board for a review.
Tags: customers
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