The latest Actavis bid for Mylan has been rejected. In its latest move, Actavis had rejected the takover bid from Mylan last week. The bid was priced at US$15 billion, according to Reuters quoting an anonymous source familiar with the decision.
Leveraged Buyouts
Telus Corp Purchases Mobilicity
Telus Corp buys Mobilicity for the hefty sum of Can$380 million or US$370 million. One of the largest wireless phone companies in Canada, Telus Corp, announced Thursday that it would purchasing Mobilicity for the cost of Can$380 million or US$370 million.
Novartis Confirm No Intent To Bid For Actavis
Novartis, through its spokesperson, reiterates its statement that it is not interested in bidding for Actavis.
Qatar Holding LLC Purchases Shares in Porto Nuovo
Qatar Holding LLC purchases 40% of Porto Nuovo business district to expand its European real estate holdings.
Bilfinger SE to Purchase Siemens Water Business
Bilfinger SE set to purchase Siemens water business. The second largest construction company in Germany, Bilfinger SE, is now contemplating a bid for the water technologies business being offered for sale by Siemens AG.
Latest News
Brazil's MEI SA will undertake share buyback a month after it floated shares on the market. Multiplan Empreendimentos Imobilarios SA, the renowned Brazilian mall operator, has announced that it would be repurchasing about 3.
Dish Network announced the completion of all the clarificatory questions posed on its US$25.5 billion unsolicited bid for Sprint Nextel.
Polaris Private Equity acquires HTC Sweden for an undisclosed price. The leading Danish/Swedish investor in middle market private equity deals, Polaris Private Equity has acquired the world creator and maker of systems for professional floor grinding and floor solutions, HTC Sweden AB.
NewWave Communications purchased by Rural Broadband and GTCR. In an announcement today by GTCR, it disclosed its acquisition of NewWave Communications from Pamlico Capital.
Family funds such as the Reimann family have eased out other private equity firms in terms of long term investments.
The XD Group of China in discussions as to purchase of GE stake in Mexico. The state controlled power equipment manufacturer China XD Group is in discussion to purchase General Electric Co's shares in its joint venture with Xignux SA of Mexico.
IP-Only Telecoms to be purchased by EQT from three major shareholders. EQT has entered into a contract to purchase 91% of IP-Only from its three biggest shareholders.
According to the Financial Times, Severn Trent, a water and sewage utility, is now the target of a takeover bid by OMERS and the Kuwaiti Investment Authority.
Current constitutional restrictions on foreign ownership of real property is what is causing the delay in the sale of 60% of the 84% ownership of SMC in Bank of Commerce by CMIB.
