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JSC Sheremetyevo Airport extends bid for takeover of Vladivostok Airport shares

2014-10-29 01:00:00| Airport Technology

Russia's JSC Sheremetyevo International Airport has extended the acceptance time of statements and offers for the takeover of the shares of JSC Vladivostok International Airport (JSC MAV) and CJSC Terminal Vladivostok from 31 October to 21 November.

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Sky Deutschland boards reject takeover bid from BSkyB

2014-09-17 09:52:00| Telecompaper Headlines

(Telecompaper) The management and supervisory boards of Sky Deutschland have recommended shareholders do not accept BSkyB's takeover bid for the company. In a joint statement, the boards said the offer "does not reflect the full potential and thus intrinsic value of Sky Deutschland's business". A fairness opinion obtained for BofA Merrill Lynch also found the offer inadequate. The UK company is offering EUR 6.75 per share for the German pay-TV provider, a premium of only 6.5 percent on the share price the day prior to when BSkyB first announced plans for an offer. This is less than most analyst price targets for the company's shares and less than recent similar takeovers in the sector, according to the boards. Their own discounted cash flow analysis also came to a higher valuation for the company. The takeover offer is open until 15 October. BSkyB earlier reached an agreement to buy 57.4 percent of Sky Deutschland shares from 21st Century Fox.

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Oi considers takeover bid for TIM Brasil

2014-08-27 08:49:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi announced it's considering a takeover bid for rival TIM Brasil. Oi said it hired Banco BTG Pactual to review its options for a bid for the Telecom Italia subsidiary. The announcement comes as Telecom Italia is looking at its own acquisition in Brazil, of broadband operator GVT, owned by Vivendi. Earlier this year it reportedly considered breaking up TIM in a sale to other operators. Telecom Italia's largest shareholder Telefonica is under pressure from Brazilian regulators to resolve its holdings in the country, as it also controls the largest mobile operator, Vivo. 

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AUS: Treasury Wine Estates receives competing takeover bid

2014-08-11 02:24:00| Daily beverage news and comment - from just-drinks.com

One week after Kohlberg Kravis Roberts & Co (KKR) and Rhone Capital pitched a joint-takeover bid for Treasury Wine Estates, another "global private equity investor" has thrown its hat into the ring for the Australia-headquartered wine group.

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Fox withdraws takeover bid for Time Warner

2014-08-06 08:55:00| Telecompaper Headlines

(Telecompaper) 21st Century Fox has withdrawn its proposal to acquire Time Warner. CEO Rupert Murdoch said Time Warner refused to negotiate, while the proposed bid also depressed the Fox share price. While he still supports the "strategic merit and compelling financial rationale" of the merger, the company decided to wthdraw after the rejection from Time Warner and impact on its share price. In addition, Fox announced plans for a USD 6 billion share repurchase programme, to be completed in the next 12 months.  

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