Indofood Sukses Makmur Tbk PT has been considering a hostile takeover of Singapore-listed China Minzhong Food Corp Ltd after a short-seller attack decreased the Chinese food producer's market value.
Tags: Takeover bid
Pricing strategy of T-Mobile possible block to Sprint Corp takeover bid- report
The low-cost price plans of T-Mobile would most likely block Sprint Corp's takeover attempt of the company as regulators like to have an operator that provide lower rates to customers, Bloomberg reported.
Dexus Property Group, CPPIB challenges GPT Group offer for Commonwealth Property Office Fund
Dexus Property Group and the Canadian Pension Plan Investment Board sweetened their bid for the property fund controlled by the Commonwealth Bank of Australia, Bloomberg reported.
Jos. A. Bank Chairman sees strong support from investors for Men's Wearhouse offer
Jos. A. Bank Chairman Robert Wildrick said in an interview last Wednesday that the US apparel retailer had received strong support from top shareholders in the company for its Men's Wearhouse Inc. bid valued USD2.3 billion.
Apollo, Copper disagree on proposed price offer
Apollo Tyres and Cooper Tire & Rubber Co had been on a disagreement over a proposed decrease in price offered by Apollo to take over the US firm, reported Reuters.
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DBS Group Holdings Ltd ended its offer to takeover the controlling stake for PT Danamon Indonesia valued at USD6.5 billion after failing to meet regulatory approval.
LongRiver Consortium will walk away from the proposed US$8.2 million bid unless Severn Trent engages in discussion with the company.
The water utilities firm Severn Trent declines the takeover offers but advises deadline as to formal bids.
Elan Corp pulls off deal for Theravance respiratory medication royalties from GlaxoSmithKline. Elan Corporation, the Irish pharmaceutical firm has entered into an agreement on royalties to alleviate concerns about its acquisition strategy as well as be able to blunt the takeover bid of Royalty Pharma.
Betfair puffs up to block CVC Capital's takeover bid. On Tuesday, the online gambling company Betfair increased its profit forecast which included the company's target on cost savings.
Potash Corp of Sasketchewan has formally withdrawn its takeover bid over Israel Chemicals. The Potash Corp of Saskatchewan Inc has cancelled a proposed takeover bid for Israel Chemicals Ltd after criticism of the deal was made by workers and politicians alike.
UK's Financial Services Authority (FSA) has fined Prudential 30 million pounds for hiding its attempt to buy Asian rival AIA three years ago.
Australia's Sundance Resources says that Hanlong would not be able to meet the deadline to show credit approval for its takeover offer.
Claris Pharmaceutical rumored to be subject of takeover bids. The next target in the takeover of Indian injectible drug makers is Claris Lifesciences Ltd.
