“Poison pills” work to thwart hostile takeovers, but they can also turn shareholders against you. How It Works Most poison-pill agreements are triggered when an outside company or individual — think Carl Icahn, for example — acquires ...
ORLANDO, Fla., Nov. 10 /PRNewswire/ -- Accelerated Building Concepts Corporation (BULLETIN BOARD: ABCC) , a provider in the design, manufacturing, and construction services for modular and component building facilities utilizing concrete and steel and structural insulated panels SIPs structures, today announced that on November 7, 2008, the Company's...
PARIS -- Wavecom, a leading provider of embedded wireless technology for M2M, i.e. machine-to-machine, communication, faces a hostile takeover bid from Gemalto. Ron Black, CEO of Wavecom, explains why the Gemalto offer is undervalued. Use these links to watch the video interview in the format of your choice:...
European regulators have moved a step closer to blocking BHP Billiton Ltd.'s $79.5 billion hostile offer for Rio Tinto Group, which owns Kennecott Utah Copper, by sending a formal complaint that outlines antitrust objections to the deal. BHP is "continuing to work cooperatively" with the commission and...
The Board of Trustees of InStorage Real Estate Investment Trust ("InStorage" or the "REIT") (TSX: IS.UN) announced it has unanimously recommended that unitholders reject the hostile offer by Canadian Storage Partners, ULC ("Partners ULC") to acquire all of the outstanding trust units of InStorage at a price of $3.75 per...
Byline: HENRYK ZIENTEK OIL and gas exploration business BG Group has agreed a pounds 2.2bn deal to buy a leading Australian producer of coal-seam gas. The recommended deal for Queensland Gas Company comes a month after BG's pounds 6.7bn hostile takeover offer forAustralian firmOrigin Energy foundered....
Specialty drug-maker Alpharma Inc. is standing pat on its call for shareholders to reject King Pharmaceuticals Inc.'s hostile takeover bid of $37 per share, or $1.6 billion, in cash as the would-be buyer last week extended its offer that was set to expire Oct. 10. "Nothing has changed since...
PARIS AFP — France's Comedie Francaise, the 17th-century temple of theatre founded by Louis XIV, has hit a wall of protest over a bid to take its classic Moliere and Cyrano de Bergerac to a rough suburb of Paris. Under a scheme leaked to the media this month,...
Shareholders' anger prompts rethink by Brown Investors could jeopardise Lloyds' takeover of HBOS THE GOVERNMENT is considering a controversial U-turn that would allow Lloyds TSB to pay dividends to shareholders while still taking advantage of its 37bn bank bailout scheme. The move...
HARTFORD, Conn. -- Waste Management Inc., the nation's largest garbage hauler, on Monday withdrew its $6.73 billion bid to acquire smaller rival Republic Services, saying the move wouldn't be prudent, given current financial-market turmoil. The announcement ends a three-month takeover struggle that began in July, when Houston-based...
Business in brief ADVERTISING WPP, the advertising giant, announced yesterday that it has secured a little over 60 per cent of shareholder acceptances in its 1.1bn hostile takeover of rival Taylor Nelson Sofres. The company also extended the acceptance offer until Wednesday, despite...
MELBOURNE AFP — Anglo-Australian mining giant Rio Tinto said Thursday the turmoil in the global financial markets would not alter its rejection of a hostile takeover bid by rival BHP Billiton. Speaking a day after Australia's competition watchdog said it would not oppose the 120 billion US dollar...
[ILLUSTRATIONS OMITTED] WALNUT CREEK, Calif. -- The bidding war for Longs Drug Stores has heated up as Walgreen Co. has threatened a hostile takeover after its unsolicited bid of $75 a share, topping CVS Caremark Corp.'s $71-per-share offer, was rejected by Longs' board. Longs, which had...
After decades of being told that the dirigiste Gallic "model" was doomed to failure, the French cockerel might be excused for crowing over the triumph of Electricite de France. In the week when George Bush became an old-fashioned interventionist, the privatised British energy industry was invaded by...
Thousands of health care workers from around the state gathered Friday in San Mateo to protest what they said was a hostile takeover by their parent union. Members of United Healthcare Workers-West, or UHW, milled outside the San Mateo Event Center in red T-shirts bearing the slogan...
CLEARWATER, Fla. -- In June 1985 Jack Eckerd Corp., then the nation's No. 2 drug chain behind Revco D.S., took steps to ward off a hostile acquisition bid launched by Herbert Haft's Dart Group Corp. Haft was the founder and former chairman of Dart Drug, which was taken...
SALT LAKE CITY -- In June Chicago-based Jewel Cos. agreed to be acquired by American Stores Co. The pact followed weeks of speculation and intrigue triggered by Jewel's resistance to American Stores' bid. The agreement called for American Stores to up its cash tender offer from $70 per...
[ILLUSTRATION OMITTED] With the collapse of the junk bond market and the economic boom of the 1980s slowing, such raiders as the Dart Group's Haft clan have been virtually put out of business. Without the high-risk financing that fueled many hostile takeover attempts, the wild takeovers...
CUES Updates Merger Guide MADISON, Wis.-CUES has released an updated "CUES Complete Guide to Mergers-Second Edition." The new edition includes expanded sections on merging a troubled credit union, dealing with hostile takeovers, and more. For info: www.cues.org. Conn. League Offers Dues Discount ...
