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Tag: takeover
Auxilium Pharma rejects Endo's takeover offer
2014-09-22 15:41:55| Biotech - Topix.net
Auxilium Pharmaceuticals Inc.'s board has rejected an approximately $1.4 billion unsolicited takeover offer from Ireland's Endo International PLC. Auxilium, based in Chesterbrook, Pennsylvania, had adopted a one-year "poison pill" shareholder rights plan last week.
Tags: offer
pharma
rejects
takeover
Port takeover highlights confusion on valuations
2014-09-20 18:37:27| Chemicals - Topix.net
The recent takeover of Lyttelton Port of Christchurch was a case in point - different valuations had been presented to shareholders with the potential for confusion, association chairman John Hawkins said. The port board had received inquiries about whether the net asset value contained in the company's 2014 annual report and result should have been compared to another valuation used in the independent adviser's report issued to shareholders as part of the takeover process.
Tags: port
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confusion
takeover
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
Investor Lawsuit Against Takeover of Annies Inc (BNNY) Announced by Shareholders Foundation
2014-09-15 18:12:09| Food - Topix.net
The Shareholders Foundation, Inc. announces that an investor, who currently holds shares Annies Inc , filed a lawsuit in effort to stop the proposed takeover of Annies Inc by General Mills, Inc for $46.00 per share. Investors, who purchased shares of Annies Inc prior to September 8, 2014, and currently hold any of those BNNY shares, have certain options and should contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1 779 - 1554.
Tags: foundation
announced
investor
shareholders
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