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Men's Wearhouse lifts takeover bid for Jos A Bank
2014-02-24 15:27:11| Apparel - Topix.net
Men's Wearhouse is stepping up its pursuit of Jos. A. Bank Clothiers Inc., boosting the takeover offer for its rival by 10 percent to about $1.78 billion.
Del Monte Pacific completes $1.67bn takeover of Del Montes US unit
2014-02-19 01:00:00| Food Processing Technology
Del Monte Pacific (DMPL) has completed its $1.67bn takeover of the consumer food business of American food production firm Del Monte.
Airtel expands in Mumbai with Loop Mobile takeover
2014-02-18 08:53:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel has agreed to buy its smaller rival Loop Mobile's activities in Mumbai. The deal nearly doubles Airtel's base in Mumbai, adding Loop's 3 million customers to Airtel's 4 million in the city. Loop also brings 2,500 2G/Edge cell sites, boosting coverage for Airtel, which has over 4,000 2G/3G sites in Mumbai. The acquisition remains subject to a definitive agreement and regulatory approvals. No financial details were disclosed. Sources familiar with the matter told Indian paper the Economic Times that the deal is worth around INR 70 billion.
Tags: mobile
loop
expands
mumbai
Comcast confirms Time Warner Cable takeover for USD 45 bln
2014-02-13 13:08:00| Telecompaper Headlines
(Telecompaper) Comcast has agreed to acquire Time Warner Cable, in a deal valuing the US' second-largest cable operator at USD 45.2 billion. TWC agreed to the offer worth USD 158.82 per share, after earlier rejecting a bid of USD 132.50 per share from the smaller Charter Communications. Comcast will pay all in stock for TWC, offering 2.875 of its own shares for each TWC share, giving TWC shareholders 23 percent of the combined company. The companies expect to generate synergies of USD 1.5 billion from integrating their operations; including these synergies, Comcast said the deal values TWC at 6.7 times operating cash flow. Comcast said it will sell operations with around 3 million subscribers in order to keep its market share below 30 percent after the takeover. This will give it a net 8 million new customers from TWC, for a total base of 30 million. Pending regulatory and shareholder approval, the deal is expected to close by the end of 2014.
Safeway takeover on several shopping lists
2014-02-08 03:47:06| Grocery - Topix.net
Safeway is the subject of persistent speculation that it will be acquired or taken private even as it tries to improve performance while going up against some of the nation's most powerful retailers.
Tags: shopping
lists
takeover
safeway
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