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Tag: takeover
China's approval still needed on Gavilon takeover
2013-02-02 05:44:31| Chemicals - Topix.net
Japanese trading house Marubeni Corp. said it expects to get Chinese regulatory approval for its long-delayed US$5.6 billion purchase of U.S. grain merchant Gavilon by the end of March.
Tags: needed
approval
takeover
chinas
Feds Blocking Anheuser-Busch Takeover of Groupo Modelo
2013-01-31 22:46:06| Beverages - Topix.net
The U.S. Justice Department is trying to keep a lid on Anheuser-Busch. The government is challenging the company's proposal to purchase Groupo Modelo, saying the takeover would lead to higher beer prices because of decreased competition.
Tags: modelo
blocking
takeover
feds
UK: Full takeover of Ketel One unlikely - Diageo CEO
2013-01-31 16:16:00| Daily beverage news and comment - from just-drinks.com
The head of Diageo has reiterated the company's preparedness to take full control of Ketel One, as the deadline approaches for its JV partner to take out the stake sale option on the vodka brand.
Tags: full
ceo
unlikely
takeover
Nexen, CNOOC extend takeover deadline by 30 days, awaiting U.S. approval
2013-01-28 11:09:09| Oil & Gas - Topix.net
The closing date of Chinese oil giant CNOOC's US$15.1-billion takeover of Calgary-based oil and gas producer Nexen has been extended by 30 days to March 2. Nexen announced Sunday the two companies agreed to extend the deadline as they were still awaiting U.S. regulatory approval.
Portugal Telecom rejects talk of Oi takeover
2013-01-28 09:20:00| Telecompaper Headlines
(Telecompaper) Portugal Telecom issued a statement saying it has no plans to take control of or make an offer for the rest of Brazilian operator Oi. The Portuguese operator said that, together with Oi's controlling shareholders, it "regularly review proposals which may enhance operational performance and governance to extract additional synergies especially in the areas of engineering, network, technology, innovation and services". The statement follows a report in the Portuguese daily Sol, which said that a possible merger of Portugal Telecom and Oi is being examined by the management teams of both companies. The report said that Portugal Telecom CEO Zeinal Bava is "the best positioned candidate" to lead the project. Brazil magazine Veja said that the Jereissati and Andrade families were in talks to sell Oi for BRL 2 billion (USD 985 million). Carlos Jereissati and Sergio Andrade would each sell a stake of 19.35 percent in Oi, the report said.
Tags: talk
portugal
telecom
rejects
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