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Tag: takeover
Foxconn agrees Sharp takeover for JPY 389 billion
2016-03-30 12:14:00| Telecompaper Headlines
(Telecompaper) Sharp and Hon Hai Precision Industry have reached agreement on the latter's investment in Sharp. An initial agreement was first announced at the end of February, and it took a month for the companies to agree to the final terms. Under the deal, Hon Hai and its unit Foxconn will subscribe to JPY 288.8 billion in new common shares issued by Sharp, giving the Taiwanese company a 66 percent stake. The price per share is JPY 88, a significant discount to Sharp's more recent range of around JPY 130. Hon Hai will also acquire JPY 100 billion in new class C preferred shares in Sharp. These can be converted at a ratio of 1:100 from 01 July 2017. Further details of the agreement, such as the role of Sharp's creditors, were not disclosed.
Tags: sharp
billion
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Foxconn finalises Sharp takeover
2016-03-30 10:55:30| BBC News | Business | UK Edition
Taiwanese manufacturer Foxconn says it has agreed a deal to take over struggling Japanese electronics company Sharp.
Tags: sharp
takeover
foxconn
finalises
Virgin America receives takeover offers -sources
2016-03-28 23:11:59| Airlines - Topix.net
U.S. budget airline carrier Virgin America Inc has received acquisition interest from several companies, including JetBlue Airways Corp and Alaska Air Group Inc, a person familiar with the matter said on Monday. Asian airline companies have also expressed interest in Virgin America, although they would have to partner with a U.S. bidder because of foreign ownership rules governing U.S. airlines, the person said.
Tags: offers
america
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virgin
ChemChina's takeover 'poses no security issues'
2016-03-28 17:34:51| Chemicals - Topix.net
Swiss agriculture company Syngenta AG said on Friday that its planned sale to State-owned conglomerate China National Chemical Corp poses no food safety or national security issues. The company was responding to US lawmakers after they raised concerns over the $43 billion takeover.
Tags: issues
security
poses
takeover
Food industry quotes of the week - Takeover interest in Premier...
2016-03-24 20:25:52| Food - Topix.net
In major news this week Premier Foods, the UK group, rejected two approaches from US spice maker McCormick & Co. - and announced plans for a tie-up with Nissin Food Holdings that will see the Japanese company take a 17% share in the Mr Kipling owner.
Tags: week
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food
industry
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