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SABMiller poised to reject Anheuser-Busch InBev GBP42.15 bid
2015-10-07 09:33:00| Daily beverage news and comment - from just-drinks.com
SABMiller has strongly hinted that it will reject today's formal takeover offer by Anheuser-Busch InBev.
The close: Oil sands takeover bid helps push TSX higher
2015-10-06 00:40:42| Oil & Gas - Topix.net
A specialist trader works at his post on the floor of the New York Stock Exchange Oct. 5. A specialist trader works at his post on the floor of the New York Stock Exchange Oct. 5. Canada's main stock index gained 1.6 per cent on Monday, with the energy sector invigorated by heavyweight Suncor Energy Inc's hostile bid for Canadian Oil Sands Ltd, a rival and co-producer. The Toronto Stock Exchange's S&P/TSX composite index closed up 212.46 points, or 1.59 per cent, at 13,552.20.
Suncor launches $4.3 billion bid for Canadian Oil Sands
2015-10-05 14:16:54| Oil & Gas - Topix.net
The Calgary-based company says it's offering Suncor shares worth about $4.3 billion and would take on about $2.3 billion of debt owed by Canadian Oil Sands, making the total transaction worth $6.6 billion. Suncor says the offer would give shareholders of Canadian Oil Sands a stake in Canada's largest integrated energy company, which includes the Petro-Canada chain of fuel stations as well as its own oil and gas production and refining operations.
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Potash nixes $8.7-billion bid for K+S
2015-10-05 06:19:51| Chemicals - Topix.net
Potash Corp of Saskatchewan Inc. killed its $8.7-bilion proposal for K+S AG, saying its German rival's lack of cooperation and the weakening fertilizer market no longer made a merger attractive. Potash Corp, the world's largest fertilizer producer, had sought to meet with K+S's management for months but was rebuffed.
Woodside Petroleum CEO Peter Coleman says Oil Search bid 'full price'
2015-10-04 16:17:56| Oil & Gas - Topix.net
Woodside Petroleum chief executive Peter Coleman feels no urgency to put forward a higher bid in the company's $11.6 billion takeover tussle for Oil Search , or to sweeten the offer with cash. Speaking for the first time on Woodside's rebuffed scrip-based approach for the Papua New Guinea oil and gas player, Mr Coleman robustly defended the one-for-four share proposal that was rejected by Oil Search's board, which described it as with "little merit" and "grossly undervalues" the company.
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