je.st
news
Tag: bid
US DoJ may veto Comcast bid for Time Warner Cable - report
2015-04-20 08:01:00| Telecompaper Headlines
(Telecompaper) Staff attorneys at the US Justice Department's antitrust division are nearing a recommendation to block Comcast's bid to buy Time Warner Cable, people familiar with the matter told Bloomberg. Attorneys who are investigating Comcast's USD 45.2 billion proposal to create a nationwide cable giant are leaning against the merger out of concern that consumers would be harmed, the report said. They plan to submit their review of the takeover within the next week, and it will then be up to the division's senior official to decide whether to file a federal lawsuit seeking to block the tie-up. The Justice Department lawyers have been contacting outside parties in the last few weeks to shore up evidence to support a potential case against the merger, one of the people said. Furthermore, officials at the antitrust division and the Federal Communications Commission, which is also reviewing the deal, aren't negotiating with Comcast about conditions to the merger that would resolve concerns, such as selling parts of its business or changing practices, said two people familiar with the situation.
Mylan skeptical of rumored Teva bid; hasn't received offer
2015-04-17 22:51:44| Biotech - Topix.net
Generic drugmaker Mylan, citing media speculation that Teva Pharmaceutical may be eyeing it as a takeover target, says it doubts that regulators would approve such a deal and says it is committed to its current strategy as a stand-alone company. In a news release Friday, Mylan said that it hasn't received an offer and described the idea that Teva might want to buy it as a rumor.
Tags: offer
received
bid
skeptical
Upstate Shredding Drops Bid for Roth Steel
2015-04-17 00:45:00| Waste Age
<a href="http://www.cdrecycler.com/">Construction & Demolition Recycling</a> Upstate Shredding, Owego, New York, has decided to drop its acquisition of Roth Steel, an idled scrap metal recycling facility that operated in the Syracuse, New York, area for around 100 years. read more
Cinven confirms bid for Telekom Slovenije
2015-04-16 14:07:00| Telecompaper Headlines
(Telecompaper) Cinven confirmed it filed the sole bid for the Slovenian's state's controlling stake in Telekom Slovenije. The private equity firm said that if it's bid is selected, it aims to "restore the company's position as a Slovenian champion". This will include significant investment in upgrading Telekom's network and plans to stop the erosion in revenues and return the company to sustainable growth. Investment would centre on expanding the fibre broadband and 4G networks, improving sales channels and customer service and optimising Telekom's product processes. "We believe that Telekom Slovenije represents an attractive, although challenging, investment opportunity, which fits well with Cinven's experience in the telecoms sector," the company said in a statement. Cinven's previous investments include French cable operator Numericable and Dutch operator Ziggo, both of which were eventually listed on the stock market. The company did not disclose the value of its bid for Telekom Slovenije but said it's in discussions with the state holding company on its offer.
Tags: bid
telekom
confirms
slovenije
Nokia agrees EUR 15.6 bln bid for Alcatel-Lucent
2015-04-15 08:23:00| Telecompaper Headlines
(Telecompaper) Nokia and Alcatel-Lucent reached an agreement on the terms of their proposed merger. Nokia will offer 0.55 of its shares for each Alcatel-Lucent share, valuing the company at EUR 15.6 billion or EUR 4.27 per share. This is a premium of 28 percent to the average share price over the three months before the merger talks were announced. Alcatel-Lucent shareholders would own 33.5 percent of the new company, which will continue under the name Nokia. Nokia's current chairman and CEO, Risto Siilasmaa and Rajeev Suri, will continue to lead the company, and the new Nokia will remain headquartered in Finland with a "strong presence" in France. Alcatel-Lucent will have three members on the board of 9-10 members, including the role of vice chairman. Pending approval by Nokia's shareholders and regulators, the takeover is expected to close in the first half of 2016. By 2019, the companies expect to achieve EUR 900 million in operating cost savings from the merger. They also forecast EUR 200 million in savings in interest costs by 2017.
Sites : [181] [182] [183] [184] [185] [186] [187] [188] [189] [190] [191] [192] [193] [194] [195] [196] [197] [198] [199] [200] next »