Genentech Weighs Takeover
DATA news (Free subscription) | yesterday
Genentech said it had formed a special committee, consisting of its three independent board members, to consider a takeover bid from Roche Holding.
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Continental Board Rejects Schaeffler Takeover Bid
Deutsche Welle: DW-WORLD.DE (Free subscription) | 07/24/2008
The board of giant German tire maker Continental rejected Wednesday an 11.3 billion euro ($18 billion) takeover bid launched by bearings manufacturer Schaeffler, but called for talks with the family-owned company.
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Microsoft ends Yahoo takeover bid
Product Reviews Net (Free subscription) | yesterday
Microsoft executives have said that they have now ended their bid to takeover Yahoo, which means that they will now have to find other ways to gain ground in online search. Microsoft Corp. executives have now ruled against a acquisition of Yahoo Inc., they still acknowledge that Yahoo would have given them a much needed boost [...]
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Continental rejects Schaeffler takeover bid
News & Information (Free subscription) | 07/23/2008
Management at German auto parts group Continental rejected a takeover bid from Schaeffler in its current form but said Wednesday it was still seeking an agreement with its rival….Read more
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Top Roche, Genetech officials to meet as US firm ponders takeover bid
Inbox Robot: Swiss Reinsurance News (Free subscription) | 07/22/2008
BASEL, Switzelrand (AP) - Top officials of Swiss pharmaceutical giant Roche Holding and Genentech Inc. are meeting Tuesday to discuss Roche's takeover bid for the ...
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South Korea to Review HSBC’s Bank Bid
DealBook (Free subscription) | yesterday
South Korea’s financial regulator said Friday it might decide in September whether to approve HSBC Holdings‘ bid to buy Korea Exchange Bank, suggesting some progress in the long-running takeover saga. Korea’s Financial Services Commission said Thursday that it had started consulting “relevant ministries” about the case, but cautioned that it could not green-light the deal until [...]
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Microsoft says chances of Yahoo takeover negligible (Reuters)
Privacy (Free subscription) | yesterday
REDMOND, Washington (Reuters) - Microsoft Corp (MSFT.O) Chief Financial Officer Chris Liddell on Thursday described Yahoo Inc. (YHOO.O) as "a declining asset" and all but ruled off a complete takeover of the Internet company. "We took the view and we still take the view that Yahoo is essentially a declining asset. We made a credibly generous bid with a very high premium because we were looking for...
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Microsoft Says Chances Of Yahoo Takeover Negligible
InformationWeek - All Stories (Free subscription) | yesterday
The company's CFO described its rival as "a declining asset" and all but ruled out a complete takeover of the Internet company.
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HBOS shares jump on bid rumours
ziomal.biz (Free subscription) | 07/23/2008
HBOS shares rise 10% on rumours the UK's biggest mortgage lender may be a takeover target for Spain's BBVA.
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Roche Surprises Genentech With Takeover Bid
http://www.newsvisual.com (Free subscription) | 07/22/2008
(NewsVisual, powered by IntellectSpace) -- Genentech Inc (NYSE: DNA) was in for a surprise when partner Roch Holdings AG made it's $44 billion takeover offer. The move could significantly change the way the two do business from here on out.
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A Tale of Two Uninvited Bids
DealBook (Free subscription) | 07/21/2008
Yahoo is one of the best-known Internet properties, and Anheuser-Busch is an icon of the beer business. Both companies were the targets of unsolicited takeover bids. In each case, there was an attempt to remove the target company’s board. But the similarities may end there. While InBev’s uninvited approach became a consensual deal in less [...]
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EA extends Take-Two takeover offer to Aug. 18
Joystiq (Free subscription) | 07/21/2008 | Video Games
Filed under: Business With another deadline in EA's takeover bid come and gone , the industry's #2 publisher isn't quitting and has reaffirmed it still wants to gobble up Take-Two by extending its $25.74 per share offer deadline to Aug 18 . EA currently has only 15% of Take-Two's stock, which translates to 11,741,339 shares. Obviously, EA needs over half the shares to complete the takeover. Take-Two...
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Schaeffler Sweentens Bid for Continental
DealBook (Free subscription) | 07/22/2008
Schaeffler said it has raised its takeover offer for tires-to-brakes maker Continental to 70.12 euros ($111.68) per share from 69.37 euros previously. Schaeffler, a family-owned maker of ball bearings, had already said it would adjust its offer price to match the average share price of Continental over the past three months, should it be higher than [...]
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Gamuda gains on report bid has support
Malaysia Property News (Free subscription) | 07/21/2008
GAMUDA Bhd, Malaysia’s second-biggest builder, rose the most in a week in Kuala Lumpur trading after a newspaper reported the company’s largest shareholder supports a takeover bid by a Middle Eastern fund. At 12.30am, the stock rose 9 sen, or 3.7 per cent, to RM2.52, headed for its biggest advance since July 14. A Middle Eastern fund has gathered enough support to make a takeover bid for the construction...
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Australian Gov’t Warned By BHP Of Risks In Refusing Rio Tinto Bid
Wall Street Pit (Free subscription) | 07/21/2008
The world’s biggest miner, BHP Billiton (BHP) - in its continued hostile bid for mega-miner Rio Tinto (RTP), according to UK’s Media Group Telegraph - has warned the Australian government of the country’s natural resources running the risk of being owned by the Chinese ; if regulators do not act and allow the miner to [...]
