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UPDATE 1-FedEx Freight raises concerns over CP bid for Norfolk Southern
2016-03-03 20:41:34| Air Courier - Topix.net
A unit of FedEx Corp has raised concerns over Canadian Pacific's bid for Norfolk Southern saying it could hurt rail service and lead to higher shipping costs, according to a letter posted by a U.S. federal rail regulator on Thursday. In the letter to the Surface Transportation Board dated Feb. 25, a FedEx Freight executive wrote the company believes "a merger would lead to diminished service as well as higher shipping costs."
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Icahn raises bid for Pep Boys to $18.50/share
2015-12-29 18:46:01| Auto Parts - Topix.net
Icahn Enterprises L.P. has raised its offer for Pep Boys Manny, Moe & Jack by $2 a share to $18.50, topping Bridgestone Americas Inc.'s last bid by $1.50 and pushing the equity value of Pep Boys past $1 billion. Pep Boys' board of directors has declared the bid a "superior proposal" and notified Bridgestone of its intention to terminate its Dec. 24 agreement with the Nashville, Tenn.-based tire maker.
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.
McCain raises concerns about possible China bid for Micron Tech
2015-07-16 00:19:07| Semiconductors - Topix.net
Republican U.S. Senator John McCain on Wednesday raised concerns about the potential national security implications of a proposed bid by China's Tsinghua Unigroup Ltd's [TSHUAA.UL] to acquire U.S. chip maker Micron Technology Inc, and called for a thorough U.S. review. "I am concerned by the potential national security implications of a planned bid by a Chinese state-owned enterprise for Micron Technology, the last major American manufacturer of memory chips," the head of the Senate Armed Services Committee said in response to a query from Reuters.
McCain raises concerns about possible China bid for Micron Tech
2015-07-16 00:02:23| Electronics - Topix.net
Republican U.S. Senator John McCain on Wednesday raised concerns about the potential national security implications of a proposed bid by China's Tsinghua Unigroup Ltd's [TSHUAA.UL] to acquire U.S. chip maker Micron Technology Inc, and called for a thorough U.S. review. "I am concerned by the potential national security implications of a planned bid by a Chinese state-owned enterprise for Micron Technology, the last major American manufacturer of memory chips," the head of the Senate Armed Services Committee said in response to a query from Reuters.