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Skyworks Scraps Deal for PMC After Microsemi's Increased Bid
2015-11-24 14:23:24| Electronics - Topix.net
Skyworks Solutions Inc. withdrew its agreed takeover bid for PMC-Sierra Inc. after an increased offer of $2.3 billion from Microsemi Corp. gained the backing of the target's board, ending a month-long bidding contest for the maker of semiconductors for network drives. Skyworks said in a statement it won't modify its bid and that the company is entitled to a $88.5 million termination fee from PMC.
Skyworks Scraps Deal for PMC After Microsemi's Increased Bid
2015-11-24 14:21:46| Semiconductors - Topix.net
Skyworks Solutions Inc. withdrew its agreed takeover bid for PMC-Sierra Inc. after an increased offer of $2.3 billion from Microsemi Corp. gained the backing of the target's board, ending a month-long bidding contest for the maker of semiconductors for network drives. Skyworks said in a statement it won't modify its bid and that the company is entitled to a $88.5 million termination fee from PMC.
CP Rail willing to sweeten its $28 billion bid for NS
2015-11-23 21:31:21| Railroads - Topix.net
NEW YORK - Canadian Pacific Railway Ltd. is willing to sweeten its $28 billion takeover offer for Norfolk Southern Corp. and is 'going to do everything we can' to court the U.S. carrier's shareholders, Chief Executive Officer Hunter Harrison said.
Video: CP's low-ball bid meant to further talks with Norfolk, Citi says
2015-11-18 22:56:25| Railroads - Topix.net
BNN speaks with Christian Wetherbee, Senior Transportation Analyst, Citi Research to get his take on CP Rail's official proposal for a merger with Norfolk Southern and what that means for the industry.
Republicans bid to kill Obama climate rule before UN summit
2015-11-18 13:26:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: Leading Democrat senators say a Republican-led drive to thwart President Obamas centrepiece climate policy is mainly symbolic and a stunt to erode the administration`s leadership before the Paris climate talks. Twin resolutions to repeal the Clean Power Plan, which plans to cut carbon pollution from coal-fired power plants, were both passed on Tuesday evening by 52-46 on the Senate floor. Two Democrats backed the vote. The White House said the move would stall progress on cleaner energy and...
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