New York Times (Free subscription) | 07/07/2008
The $2.5 billion cash bid by China’s third-largest oil producer represents an 18.7 percent premium over the closing price of Awilco’s stock on Friday.
San Fransisco Chronicle (Free subscription) | 07/07/2008
China National Offshore Oil Corp.'s oil-services company said Monday it will offer about $2.5 billion for Norway's Awilco Offshore ASA. The cash bid represents an 18.7 percent premium over the closing price of Awilco's stock on Friday, CNOOC's China Oilfield...
Chanel News Asia (Free subscription) | yesterday
SINGAPORE: Frasers Centrepoint, a unit of Fraser and Neave, has announced that it's buying 18 per cent of Allco REIT and 100 per cent of Allco Singapore, which manages the trust.
Financial Time (Free subscription) | yesterday
Shares in Fresenius plunged more than 9 per cent yesterday after its plans to spend at least $3.7bn on a US acquisition prompted fears the German healthcare group...
Financial Time (Free subscription) | yesterday
Shares in Fresenius dropped more than 9 per cent yesterday after its plans to spend $3.7bn on a US acquisition triggered fears among investors that the German...
Turkish daily news (Free subscription) | yesterday
... in more than a half-century. The benchmark Nikkei 225 Stock Average rose 122.15 points, or 0.9 percent, to 13,360. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 1.15 percent to 1,312.80. TOKYO - The Associated Press CNOOC aims to buy Awilco Offshore China National Offshore Oil Corp.'s oil-services firm says it plans to offer about $2.5 billion...
Financial Time (Free subscription) | 07/07/2008
Shares in Fresenius plunged more than 9 per cent on Monday after its plans to spend more than $3.7bn on a US acquisition prompted fears among investors that the German healthcare group might be overpaying
Business Spectator (Free subscription) | yesterday
In return for the capital, Mizuho received convertible preferred shares in the US investment bank that pay a nine per cent premium on the share price. Analysts have said the deal is a straight investment, rather than the start of a capital tie-up.
Financial Time (Free subscription) | 07/07/2008
, a listed subsidiary of China’s third-largest oil and gas producer, is to buy Norwegian rival for about $2.5bn in a deal that would give it access to drilling technology and expand its international operations.COSL, China’s largest offshore oil services group, said it would pay NKr85 a share in cash for the Norwegian company, a 19 per cent premium to the closing price on Friday.
Seattle Times (Free subscription) | 07/07/2008
... profit targets from 2008 to 2010, the companies said in a statement.The $23 a share price is a 29 percent premium over APP Pharmaceutical's closing price on Thursday, the last day of trading in New York before the July Fourth holiday.APP Pharmaceutical's shares climbed $5.83, or 33 percent, to $23.65 in morning trading Monday. Fresenius shares fell more than 7 percent...
Business Spectator (Free subscription) | 07/07/2008
... $4.16. At the time of the original proposal IAG was cheeky enough to say that it was only a 10 per cent premium to the closing price the day before the offer was lobbed. It ignored the M&A convention of comparing the offer price to a volume weighted average share price (VWAP) of at least three months which worked out at about $3.70 or a premium of 24 per cent. Today,...
Examiner (Free subscription) | 07/07/2008
... profit targets from 2008 to 2010, the companies said in a statement.The $23 a share price is a 29 percent premium over APP Pharmaceutical's closing price on Thursday, the last day of trading in New York before the July Fourth holiday.APP will be combined with the U.S. subsidiary of Fresenius Kabi, the companies said. APP founder Dr. Patrick Soon-Shiong, who holds more than 80 percent...
Financial Time (Free subscription) | 07/07/2008
... by a Chinese company in the oil and gas sector, according to Thomson Reuters. The price is an 18.7 per cent premium over Awilco Offshore’s July 4 closing price and 42 per cent above where it traded before May 30, when Awilco said a third party had expressed an interest. Awilco shares jumped 16.6 per cent to a record high NKr83.50 on Monday, while China Oilfield shares...
Miami Herald (Free subscription) | 07/07/2008
China National bids $2.5B for Awilco OffshoreThe Associated PressHONG KONG -- China National Offshore Oil Corp.'s oil-services company said Monday it will offer about $2.5 billion for Norway's Awilco Offshore ASA.The cash bid represents an 18.7 percent premium over the closing price of Awilco's stock on Friday, CNOOC's China Oilfield Services Ltd. said in a statement.Shares of China Oilfield...
Seattle Post-Intelligencer (Free subscription) | 07/07/2008
Last updated July 7, 2008 4:23 a.m. PTChina National bids $2.5B for Awilco OffshoreTHE ASSOCIATED PRESSHONG KONG -- China National Offshore Oil Corp.'s oil-services company said Monday it will offer about $2.5 billion for Norway's Awilco Offshore ASA.The cash bid represents an 18.7 percent premium over the closing price of Awilco's stock on Friday, CNOOC's China Oilfield Services Ltd....
