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USA Truck disappointed takeover bid made public
2013-09-27 18:42:28| Trucking - Topix.net
USA Truck is disappointed Knight Transportation made public its unsolicited takeover offer of about $94.5 million and says the company is being misleading in its version of events.
America Movil to launch takeover bid for KPN
2013-08-09 08:31:00| Telecompaper Headlines
(Telecompaper) America Movil has announced plans to launch a full takeover bid for KPN. It already holds 29.77 percent of the Dutch operator and plans to launch a public bid at EUR 2.40 per share to obtain majority control. The offer is a 35.4 percent premium on KPN's average share price in the past 30 trading days. America Movil said a full takeover of KPN would "facilitate greater operational cooperation and co-ordination between the two companies, to exploit all areas for potential partnerships and to intensify the realization of synergy potential for both companies". The company also commented on KPN's proposed sale of its German uni E-Plus to Telefonica, saying it was still considering how to vote its shares at the EGM on the transaction. According to earlier reports, America Movil's representatives on KPN's supervisory board did not vote in favour of the deal. KPN issued a statement saying only that it acknowledged the bid and its boards would consider the offer from America Movil. The latter said it had already presented the bid to KPN's boards and invited them for further talks.
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Clearwire board recommends Dish takeover bid
2013-06-13 08:39:00| Telecompaper Headlines
(Telecompaper) The independent members of US Wimax operator Clearwire's board have recommended shareholders accept a takeover offer from Dish Network, rather than the buy-out proposed by majority shareholder Sprint. Clearwire previously endorsed Sprint's offer, prompting Dish to raise its bid. Dish is offering USD 4.40 per share for Clearwire, while Sprint has bid USD 3.40. To give shareholders more time to consider, Clearwire is rescheduling the vote on the deals from 13 June to 24 June, and Dish has extended its offer until 2 July. The Dish offer is conditional on acquiring at least 25 percent of Clearwire shares. Dish said just over 245,000 Clearwire share had already been tendered in the offer. Sprint said it was reviewing the Clearwire statement and would continue to enforce its governance rights. Separately it filed an investor presentation with the SEC outlining its support for Softbank's takeover bid for Sprint. Dish still has until 18 June to make a final offer for Sprint.
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CVC shelves Betfair takeover bid
2013-05-14 12:18:06| BBC News | Business | UK Edition
Private equity firm CVC Capital Partners calls off its attempt to buy online betting group Betfair after the two companies fail to reach a deal.
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Australia's Graincorp Concedes to $3.4B Takeover Bid Offer of U.S.-based Archer Daniels Midland Co
2013-04-26 05:37:47| Agriculture - Topix.net
's largest listed grain trader and the last standing independent grains handler, has conceded to a $3.4 billion takeover bid offer of U.S.-based Archer Daniels Midland Co .
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