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Pfizer chief says jobs will go in takeover
2014-05-13 20:47:54| Biotech - Topix.net
Pfizer Inc.'s chief executive acknowledged Tuesday that a potential merger with AstraZeneca would lead to job losses -- but promised to keep key research jobs in Britain as part of its $106 billion takeover bid.
Tags: jobs
chief
takeover
pfizer
AT&T near USD 50 bln takeover of DirecTV - report
2014-05-13 09:18:00| Telecompaper Headlines
(Telecompaper) AT&T is in advanced talks to acquire DirecTV for about USD 50 billion, people familiar with the matter told Bloomberg. Under the plan being discussed, management of DirecTV, the largest US satellite-TV provider, will continue to run the company as a unit of AT&T. DirecTV CEO Mike White plans to retire after 2015, the report said. The deal is more than a week away from being completed, one source told Bloomberg. The two companies are still negotiating a price, which could come close to USD 95 a share, depending on how much cash or stock is in the transaction. Two other people said the price could go as high as USD 100 per DirecTV share. DirecTV had also drawn merger interest from rival Dish Network, Bloomberg reported earlier. However, Dish chairman Charline Ergen recently said he though the satellite-TV rival is too expensive to pursue.
Allergan Board Turns Down Valeant Takeover Offer
2014-05-12 14:36:03| Biotech - Topix.net
Botox maker Allergan is rejecting a takeover bid from Valeant Pharmaceuticals, saying that the unsolicited $46 billion offer undervalues the company and carries significant risk.
Tags: board
offer
turns
takeover
USA Truck: Two Key Shareholders Aren't Takeover Threat
2014-05-09 17:45:33| Trucking - Topix.net
USA Truck said two hedge funds with a 28% stake in the company do not pose a takeover threat, Arkansas Business reported.
Seven refuses to lift Nexus takeover offer
2014-05-08 09:28:13| Energy - Topix.net
Shares in Nexus Energy have slumped after Seven Group Holdings refused to lift its $26.6 million takeover offer for the struggling oil and gas company.
Tags: offer
lift
nexus
refuses
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