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Canadian Oil Sands repeats call to remain independent despite Suncor bid
2016-01-04 14:49:52| Oil & Gas - Topix.net
Canadian Oil Sands is continuing its efforts to fend off a hostile takeover by Suncor, telling shareholders again Monday that their interests will be "best served" in the long run if the company remains independent. The Calgary-based company noted that Suncor has given Canadian Oil Sands shareholders until Friday to accept its all-stock offer and advises them to hold onto their shares.
Tags: call
independent
remain
oil
Icahn raises bid for Pep Boys to $18.50/share
2015-12-29 18:46:01| Auto Parts - Topix.net
Icahn Enterprises L.P. has raised its offer for Pep Boys Manny, Moe & Jack by $2 a share to $18.50, topping Bridgestone Americas Inc.'s last bid by $1.50 and pushing the equity value of Pep Boys past $1 billion. Pep Boys' board of directors has declared the bid a "superior proposal" and notified Bridgestone of its intention to terminate its Dec. 24 agreement with the Nashville, Tenn.-based tire maker.
Canadian Oil Sands tells shareholders to reject Suncor bid as deadline looms
2015-12-29 18:27:39| Oil & Gas - Topix.net
Canadian Oil Sands is again urging its shareholders to reject a takeover bid by Suncor Energy, which has set Jan. 8 as the deadline for investors. The company sent a letter to its shareholders Tuesday in the latest back-and-forth between the two Calgary-based firms, saying it can weather prolonged low oil prices on its own and thrive once crude recovers.
Singapore Airlines' bid to take Tigerair private not yet cleared for takeoff
2015-12-29 02:52:41| Airlines - Topix.net
Flagship carrier SIA owns, controls or has agreed to acquire about 74.5 per cent of Tiger Airways shares, short of the 90 per cent required to delist the low-cost carrier. Its takeover offer has been extended until Jan 8, from its original Dec 28 deadline.
Tags: private
yet
bid
singapore
Icahn sweetens bid for Pep Boys to more than $1-billion
2015-12-29 00:19:51| Industrial Machines - Topix.net
Billionaire investor Carl Icahn raised his offer for Pep Boys to $18.50 a share in cash, or more than $1-billion, escalating a bidding war with Bridgestone Corp. for the car-parts chain. In announcing the proposal, Icahn Enterprises said it would be willing to pay an even higher price, so long as Pep Boys doesn't increase the termination fee in its deal with Bridgestone.
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