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Denmark's DSV stands by UTi bid after law firms question price
2015-10-14 09:59:13| Logistics - Topix.net
Oct 13 Danish logistics group DSV has no intention of raising its bid for U.S.-based UTi Worldwide Inc, it said on Tuesday after four law firms said they were investigating if the UTi board had agreed to sell the company too cheaply. DSV last week agreed to buy UTi at $7.10 per share in a $1.35 billion deal that would create the world's fourth-largest logistics provider, though the deal still needs to be approved by UTi shareholders.
Anheuser-Busch in talks over distribution bid amid probe report
2015-10-13 17:14:00| Daily beverage news and comment - from just-drinks.com
Anheuser-Busch is holding talks with authorities in the US over a deal to buy two Californian distributors.
Tags: report
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talks
AB InBev raises bid for SABMiller to $103 bln
2015-10-12 17:21:21| Beverages - Topix.net
Anheuser-Busch InBev NV raised its proposal for SABMiller to GBP67.4 billion on Mondayfrom its previous proposal of roughly GBP65 billion ahead of a Wednesday deadline that could mark the Belgian brewer's last shot at its U.K. rival until next year. AB InBev is offering SABMiller's shareholders GBP43.50 a share in cash--or a 48% premium to the company's closing price on Sept.
Dell seen making USD 53 bln bid for EMC this week - report
2015-10-12 09:46:00| Telecompaper Headlines
(Telecompaper) Dell is now expected to make its over USD 53 billion offer for data storage maker EMC on 12 or 13 October, Reuters reported, citing people familiar with the matter. EMC has agreed to an offer worth USD 33 a share, including USD 27 in cash, for EMC shares with the rest in new securities tied to the value of VMware, the data centre software maker that EMC controls. As part of the deal, EMC will have up to 60 days to seek a better offer from other potential suitors, said people briefed about the transaction. EMC asked for a 'go-shop' provision to be included in the merger agreement that will allow it to solicit bids from other parties and pay a discounted breakup fee to Dell if there is a deal with another company. The sources added that the clause was EMC CEO Joseph Tucci's way of exhausting all arguments to convince the company's shareholders that a deal with Dell is the best possible outcome for them. The negotiations between Dell and EMC, as well as talks with banks about securing the necessary debt financing, continued on 11 October, and the two sides hope to unveil an agreement on 12 or 13 October.
DSV Buys UTi in $1.35 Billion as Maxim Sees Possible Rival Bid
2015-10-10 13:28:17| Logistics - Topix.net
DSV A/S agreed to buy UTi Worldwide Inc. in a transaction that implies an enterprise value of $1.35 billion as the Danish logistics company seeks to expand in the U.S. air and sea freight market. Industry history suggests that the bid may not be the final offer, Maxim Group strategist Justin Lumiere said Friday by e- mail after the announcement.
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