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Dufry buys World Duty Free stake, targets full takeover

2015-08-11 13:39:00| Daily beverage news and comment - from just-drinks.com

Travel retailer Dufry is to move for the remaining share of rival World Duty Free after completing its EUR1.31bn (US$1.44bn) majority stake purchase.

Tags: free full world duty

 

Private investors back snubbing of PotashCorp.'s $8.6B takeover bid: K+S

2015-08-11 05:53:04| Chemicals - Topix.net

Norbert Steiner, CEO of K+S Group, says the PotashCorp takeover bid for K+S undervalues the Legacy mine, which is expected to begin production in 2017. K+S AG, which rejected an $8.6 billion takeover approach from Potash Corp. of Saskatchewan Inc., said both private and institutional shareholders back management's stance and agree the offer falls short.

Tags: back private bid investors

 
 

Opera attracts takeover interest

2015-08-10 08:53:00| Telecompaper Headlines

(Telecompaper) Web browser developed Opera announced that the company has attracted "strategic interest from a number of parties". As a result, the software company's board started a process to evaluate and consider strategic alternatives for Opera. ABG Sundal Collier and Morgan Stanley International were hired as advisers, and Opera said it expects to complete the review in the second half of this year. Further details on the potential takeover were not disclosed. 

Tags: interest opera attracts takeover

 

PotashCorp takeover offer rebuffed again by German fertilizer producer K+S Ag

2015-08-08 23:25:54| Chemicals - Topix.net

Potash Corp. of Saskatchewan Inc. has once again been rejected by K+S AG about its multibillion-dollar takeover offer despite revising its bid for the German fertilizer producer. K+S AG said Friday on its website that PotashCorp sent an unsolicited letter which included a business combination agreement to address the interests of workers and local communities.

Tags: offer german ks producer

 

Qualcomm expands in fixed market with Ikanos takeover

2015-08-06 15:03:00| Telecompaper Headlines

(Telecompaper) Qualcomm is expanding into the fixed broadband market with proposed acquisition of Ikanos Communications, a maker of chips for broadband modems and gateways. The move into the fixed market comes as Qualcomm's traditional business of mobile phone processors is under pressure from market saturation and new competition. The company's results have also suffered from a string of regulatory investigations into its licensing practices. Qualcomm said it sees the home gateway as a hub for a range of new internet services. It will be able to combine its existing technology for Wi-Fi, Ethernet switch, small cells and powerline with Ikanos' strong position in the DSL modems market, including new technologies such as G.fast. Ikanos also offers multi-mode gateway processor and accelerator technology for fibre, LTE, Ethernet and hybrid-copper applications; remote diagnostics software and a range of central office products. Qualcomm is offering USD 2.75 per share for Ikanos, a premium on its last closing price of USD 1.75. This puts the total cost for the company's equity at just over USD 47 million, and Qualcomm will also assume the around USD 35 million in liabilities at Ikanos. The takeover is expected to close by year-end, assuming a majority of shares tendered and regulatory approval. 

Tags: market fixed expands takeover

 

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