je.st
news
Tag: bid
Sky Deutschland boards reject takeover bid from BSkyB
2014-09-17 09:52:00| Telecompaper Headlines
(Telecompaper) The management and supervisory boards of Sky Deutschland have recommended shareholders do not accept BSkyB's takeover bid for the company. In a joint statement, the boards said the offer "does not reflect the full potential and thus intrinsic value of Sky Deutschland's business". A fairness opinion obtained for BofA Merrill Lynch also found the offer inadequate. The UK company is offering EUR 6.75 per share for the German pay-TV provider, a premium of only 6.5 percent on the share price the day prior to when BSkyB first announced plans for an offer. This is less than most analyst price targets for the company's shares and less than recent similar takeovers in the sector, according to the boards. Their own discounted cash flow analysis also came to a higher valuation for the company. The takeover offer is open until 15 October. BSkyB earlier reached an agreement to buy 57.4 percent of Sky Deutschland shares from 21st Century Fox.
Tags: deutschland
boards
bid
sky
Telecom Italia considering Oi takeover bid - report
2014-09-17 08:30:00| Telecompaper Headlines
(Telecompaper) Telecom Italia is evaluating the possible acquisition of Brazilian operator Oi in a move to challenge local rival Telefonica, reports Bloomberg, citing unnamed sources close to the talks. No approach has yet been made but the Italian group is said to be speaking to advisors about using its local unit TIM Brasil to buy Oi, and thus strengthening its fixed-line network to sell broadband services after losing out to Telefonica in a bid to merge with another Brazilian operator, GVT. A takeover of Oi would be a way of countering an initiative by rivals America Movil, Telefonica and Oi itself to launch a BRL 30 billion bid for TIM Brasil, which recent reports in the Brazilian press have indicated could occur by 30 September. Any bid for Oi would have to take on the Brazilian operator's almost USD 20 billion in net debt, but TIM Brasil can afford a leveraged deal for Oi, partly financing it with its own stock, according to analysts cited in Bloomberg's report.
Tags: report
italia
bid
telecom
Sky Deutschland bosses reject BSkyB bid
2014-09-17 02:00:00| Total Telecom industry news
German pay TV provider says offer does not reflect company's full potential.
Tags: deutschland
bid
sky
reject
Jazztel shareholder rejects Orange bid
2014-09-17 02:00:00| Total Telecom industry news
Asset manager Alken says it is willing to sell its 5% stake for 20 per share.
Tags: orange
bid
shareholder
rejects
APNewsBreak: NY bid to halt Alzheimer's drug swap
2014-09-16 02:32:12| Biotech - Topix.net
New York's attorney general filed a federal lawsuit Monday seeking to stop a manufacturer from discontinuing its drug widely used to treat Alzheimer's patients, arguing the company is illegally driving patients to its newer patented drug to avoid losses from cheaper generic alternatives coming out next year. Attorney General Eric Schneiderman alleges anti-trust and state law violations by Dublin-based Actavis PLC and New York subsidiary Forest Laboratories, which Actavis recently acquired for $28 billion.
Sites : [229] [230] [231] [232] [233] [234] [235] [236] [237] [238] [239] [240] [241] [242] [243] [244] [245] [246] [247] [248] next »