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Tag: takeover
Liberty Global submits concessions on Ziggo takeover
2014-07-15 13:55:00| Telecompaper Headlines
(Telecompaper) Liberty Global confirmed it has proposed concessions to the European Commission to secure approval for its proposed takeover of Dutch cable operator Ziggo. A spokesman for Liberty Global confirmed information posted on the website of the EU competition authorities, which said commitments were submitted on 14 July. The company declined to provide further details, saying only that it was having a constructive dialogue with the competition authorities and still expects to complete the takeover in the second half of this year. The EC has set a deadline of 17 October for taking a decision on the acquisition.
Tags: global
liberty
concessions
takeover
AUSTRALIA: David Jones shareholders agree to Woolworths takeover
2014-07-14 11:41:25| Daily apparel & textile news and comment - from just-style.com
Shareholders of Australian department store retailer David Jones have voted overwhelmingly in favour of a takeover from Woolworths Holdings in a deal worth AUD2.2bn (US$2.1bn).
Tags: david
australia
agree
jones
SoftBank reaches deal on T-Mobile takeover - report
2014-07-14 09:21:00| Telecompaper Headlines
(Telecompaper) SoftBank has reached a basic agreement to acquire T-Mobile US from Deutsche Telekom, the Nikkei reported. The two sides are still ironing out the details, and the deal would need clearance from US regulators. The Japanese carrier plans to buy more than 50 percent of T-Mobile shares through Sprint from Deutsche Telekom, which owns a roughly 67 percent interest. SoftBank will pay cash and use stock swaps to cover the estimated purchase cost of more than USD 16 billion, the report said. Eight financial institutions will bankroll the deal with credit lines of about JPY 4 trillion. Deutsche Telekom is reportedly concerned that T-Mobile's competitiveness will suffer if capital investment is put off during the regulatory approval process or if the deal is not approved. It is asking SoftBank to compensate if this happens. The two sides apparently have not finalized several other conditions as well, the Nikkei said.
Tags: report
deal
reaches
takeover
UK drug firm recommends US takeover
2014-07-14 09:11:11| BBC News | Business | UK Edition
British drug firm Shire recommends a takeover offer from US rival AbbVie after its most recent 30bn ($51.3bn) offer.
Tags: firm
drug
recommends
takeover
Lindt close to takeover of Russell Stover Candies
2014-07-14 01:00:00| Food Processing Technology
Lindt & Sprüngli is close to acquiring US-based candy, chocolate and confections supplier Russell Stover Candies.
Tags: close
russell
takeover
candies
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