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U.S. appeals court rejects Harbinger claims in LightSquared case
2015-12-07 20:26:25| Agriculture - Topix.net
A federal appeals court on Monday upheld a decision rejecting claims of fraud by Harbinger Capital Partners, the equity owner of bankrupt wireless venture LightSquared, against Deere & Co and other GPS firms. Hedge fund Harbinger had accused Deere, Garmin International, Trimble Navigation Ltd, and a GPS industry group of misleading LightSquared about interference concerns and hastening the wireless spectrum's plunge into bankruptcy.
Tags: case
court
claims
appeals
Norfolk Southern rejects Canadian Pacific's $29bn takeover bid
2015-12-07 01:00:00| Railway Technology
US rail company Norfolk Southern (NS) has rejected a takeover offer of more than $29bn from Canadian Pacific (CP), saying the valuation is grossly inadequate and not in the best interests of the company and its shareholders.
Tags: southern
bid
canadian
norfolk
Norfolk Southern (NSC) Stock Derails, Rejects Canadian Pacific's Takeover Bid, Jim Cramer's Take
2015-12-04 17:08:03| Railroads - Topix.net
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EC rejects UK review of proposed O2-3 UK merger
2015-12-04 15:10:00| Telecompaper Headlines
(Telecompaper) The European Commission (EC) has decided not to refer the planned acquisition of Telefonica UK (O2) by Hutchison to the UK competition authority. The EC decided that it was better placed to ensure consistency in the application of merger control rules in the European mobile telecoms sector. Hutchison 3G UK notified the EC of its plans to acquire control of Telefonica UK in September. In October, the UK competition authority submitted a request for the EC to refer all or part of the assessment of a case to it. The EC opened an in-depth investigation into the proposed deal on 30 October and has until 18 April 2016 to make a final decision.
Tags: review
uk
proposed
merger
Norfolk Southern rejects Canadian Pacific's merger proposal
2015-12-04 15:03:10| Railroads - Topix.net
This Oct. 23, 2014 file photo shows a Norfolk Southern locomotive on Chicago's south side. Norfolk Southern has rejected Canadian Pacific's proposal to combine the two railroads.
Tags: southern
canadian
proposal
norfolk
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