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Tag: offer
Severn Trent rejects takeover offer
2013-05-15 09:23:09| BBC News | Business | UK Edition
Water supplier Severn Trent rejects a preliminary takeover offer from international investors, saying it fails to recognise the company's value.
Tags: offer
trent
rejects
takeover
SM Energy Plans To Offer $400MM Senior Notes
2013-05-15 09:05:00| OGI
Net proceeds will be used to repay outstanding borrowings under its credit facility and for general corporate purposes.
Tags: offer
notes
plans
energy
Orascom Telecom rejects Altimo buy-out offer
2013-05-15 08:54:00| Telecompaper Headlines
(Telecompaper) Egypt's Orascom Telecom announced that its board of directors has recommended shareholders reject an offer from Russian investor Altimo to buy out the mobile company for USD 0.70 a share. Independent financial adviser HC Securities and Investments put the fair value of Orascom's shares higher, at USD 0.86 per share, the company said. Altimo made the offer which values all of Orascom at USD 3.7 billion in early April. Altimo already has a 47.85 percent voting interest in Orascom's controlling shareholder Vimpelcom. Representatives of Vimpelcom, which owns 52.92 percent of Orascom Telecom, did not vote on the board's opinion of the bid. Vimpelcom said separately that it does not plan to tender its Orascom shares to Altimo under the current terms of the offer.
Tags: offer
telecom
rejects
buyout
Boyd Specialty Sleep to offer Furniture Brands-licensed line
2013-05-14 23:15:01| Furniture - Topix.net
Furniture Brands International has entered into a licensing agreement that will allow Boyd Specialty Sleep to market mattresses and other sleep products under several of FBI's well-known brands.
Tags: line
offer
furniture
sleep
Red Mountain Plans To Offer Common Stock
2013-05-14 16:25:00| OGI
Net proceeds will be used to repay outstanding indebtedness and to fund drilling and development of its properties.
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