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Teamsters Rail Conference opposes hostile takeover of Norfolk Southern

2016-01-20 16:39:27| Railroads - Topix.net

The Teamsters Rail Conference is adding its voice to the dozens of elected officials, shippers and labor unions that strongly oppose an apparent attempt at a hostile takeover of Norfolk Southern by the Canadian Pacific Railway . The Rail Conference represents more than 70,000 active railroad workers whose constituent unions are the Brotherhood of Locomotive Engineers and Trainmen and the Brotherhood of Maintenance of Way Employes Division .

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Ocado is popping after rumours that Amazon is ready to make a takeover offer

2016-01-19 13:58:48| Grocery - Topix.net

The speculation has sent Ocado's shares jumping on Tuesday morning, and as of 10:20 a.m. GMT , the company's stock is up by 18% to A 2.85 per share. Here's how shares looked a few minutes ago: Speculation about Ocado being bought by Amazon has been around for a while now, and several major banks, including Credit Suisse and Goldman Sachs have already expressed their belief that Ocado shouldn't try to resist if Amazon were to make them an offer .

Tags: to make offer ready

 
 

European Commission gives Ball Corp conditional Rexam takeover green light

2016-01-18 10:12:00| Daily beverage news and comment - from just-drinks.com

Ball Corp has been granted conditional clearance by the European Commission for the proposed takeover of its drinks packaging rival, Rexam.

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American Apparel Said to Reject Latest Charney-Led Takeover Bid

2016-01-15 03:15:31| Apparel - Topix.net

American Apparel Inc.'s board of directors rejected the latest takeover offer involving the company founder and fired Chief Executive Officer Dov Charney, two people familiar with the decision said. The vote means an offer valued at $300 million from three investment funds who've aligned with Charney must be further sweetened to win over the company, or they must convince a judge next week to throw out a competing proposal backed by American Apparel's lenders.

Tags: american latest apparel bid

 

American Apparel rejects takeover bid: source

2016-01-15 03:15:30| Apparel - Topix.net

Earlier this week, the Los Angeles-based company received a $300 million bid from a group of investors who are backing the return of Dov Charney. Hagan Capital Group and Silver Creek Capital Partners said their proposal included $90 million of new equity and a $40 million term loan, and backs a business plan from Charney, who was fired as chief executive in December 2014.

Tags: source american apparel bid

 

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