Tag #Takeover Bid

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elmundo.es

🌐 75% Global Worthiness

Sep 23, 04:18

BBVA Sweetens Sabadell Bid, but Full Control Remains Uncertain

BBVA increased its offer for Banco Sabadell by 10%, eliminating the cash component and making it a 100% stock deal; however, analysts remain divided on whether this will be enough to secure a controlling stake.

BBVA Sweetens Sabadell Bid, but Full Control Remains Uncertain

BBVA increased its offer for Banco Sabadell by 10%, eliminating the cash component and making it a 100% stock deal; however, analysts remain divided on whether this will be enough to secure a controlling stake.

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What is the immediate impact of BBVA's revised offer for Banco Sabadell?

BBVA's revised offer increases the value of its bid by 10%, valuing Sabadell at €19.5 billion. The elimination of the cash component alters the tax implications for Sabadell shareholders, potentially making the offer more attractive, particularly to retail investors holding over 40% of the capital.

cincodias.elpais.com

🌐 85% Global Worthiness

Sep 12, 10:19

BBVA's Sabadell Takeover Bid Faces Headwinds from Index Funds

BBVA's takeover bid for Banco Sabadell faces significant obstacles due to the substantial holdings of index funds, which are bound by their mandates to track specific stock indices and cannot participate in the offer unless Sabadell is removed from those indices.

BBVA's Sabadell Takeover Bid Faces Headwinds from Index Funds

BBVA's takeover bid for Banco Sabadell faces significant obstacles due to the substantial holdings of index funds, which are bound by their mandates to track specific stock indices and cannot participate in the offer unless Sabadell is removed from those indices.

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What is the primary challenge BBVA faces in its takeover bid for Banco Sabadell?

The main challenge is the substantial ownership of Sabadell by index funds, which, mandated to track indices like the IBEX 35 or Stoxx 600, cannot participate in the takeover offer unless Sabadell is removed from these indices. This includes major players like BlackRock (7% stake), holding shares through 107 different investment vehicles.

elpais.com

🌐 85% Global Worthiness

Aug 14, 19:18

BBVA Appeals Spanish Government's Conditions on Banco Sabadell Takeover

BBVA legally challenged Spain's added conditions to its Banco Sabadell takeover bid on July 15th, arguing the government overstepped its authority, a move potentially influencing future EU regulations on corporate mergers.

BBVA Appeals Spanish Government's Conditions on Banco Sabadell Takeover

BBVA legally challenged Spain's added conditions to its Banco Sabadell takeover bid on July 15th, arguing the government overstepped its authority, a move potentially influencing future EU regulations on corporate mergers.

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What immediate impact will BBVA's legal challenge have on its proposed takeover of Banco Sabadell?

On July 15th, BBVA appealed a Spanish government decision to add conditions to its takeover bid for Banco Sabadell. These conditions included maintaining independent management, no layoffs, and no branch closures for three to five years. BBVA asserts this judicial action doesn't interfere with the bid itself.

elmundo.es

🌐 85% Global Worthiness

Aug 7, 01:15

Sabadell Shareholders Reject BBVA Takeover Bid

Banco Sabadell shareholders overwhelmingly approved the sale of its UK subsidiary, TSB, for €3.05 billion (projected to reach €3.361 billion), and a resulting extraordinary dividend, strengthening its defense against BBVA's hostile takeover bid.

Sabadell Shareholders Reject BBVA Takeover Bid

Banco Sabadell shareholders overwhelmingly approved the sale of its UK subsidiary, TSB, for €3.05 billion (projected to reach €3.361 billion), and a resulting extraordinary dividend, strengthening its defense against BBVA's hostile takeover bid.

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How does the timing and structure of the TSB sale dividend influence the strategic dynamics of BBVA's takeover attempt?

The shareholder vote decisively rejects BBVA's hostile takeover bid, as only shareholders retaining their shares will receive a substantial dividend from the TSB sale. This dividend payout, expected in the first quarter of 2026, incentivizes shareholders to reject BBVA's offer, pressuring BBVA to improve its bid.

cincodias.elpais.com

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Jul 31, 07:16

Grifols Stock Soars After Rejecting Brookfield Takeover Bid

Grifols' stock price jumped 8.99% to €13.51 after announcing its return to dividend payments and improved 2025 cash flow guidance, exceeding Brookfield's rejected €6.45 billion takeover bid from November 2024 by €1.85 billion in market capitalization.

Grifols Stock Soars After Rejecting Brookfield Takeover Bid

Grifols' stock price jumped 8.99% to €13.51 after announcing its return to dividend payments and improved 2025 cash flow guidance, exceeding Brookfield's rejected €6.45 billion takeover bid from November 2024 by €1.85 billion in market capitalization.

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What is the significance of Grifols' stock price increase in the context of Brookfield's failed takeover bid?

Grifols' stock price surged 8.99% to €13.51 after announcing a dividend return and improved annual cash flow projections. This follows a failed takeover bid by Brookfield in November 2024, valued at €6.45 billion, which Grifols rejected as undervaluing the company. The stock reached its highest price since January 2024.

us.cnn.com

🌐 85% Global Worthiness

Jul 17, 10:14

Couche-Tard Withdraws \$47 Billion Bid for Seven & i Holdings

Canadian retailer Alimentation Couche-Tard withdrew its \$47 billion bid to acquire Japanese retailer Seven & i Holdings on Thursday due to a lack of constructive engagement, ending a potential record-breaking foreign takeover and causing a 9% drop in Seven & i's share price.

Couche-Tard Withdraws \$47 Billion Bid for Seven & i Holdings

Canadian retailer Alimentation Couche-Tard withdrew its \$47 billion bid to acquire Japanese retailer Seven & i Holdings on Thursday due to a lack of constructive engagement, ending a potential record-breaking foreign takeover and causing a 9% drop in Seven & i's share price.

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What were the key reasons behind Couche-Tard's withdrawal of its bid to acquire Seven & i Holdings, and what are the immediate consequences?

Alimentation Couche-Tard withdrew its \$47 billion bid to acquire Seven & i Holdings due to a lack of cooperation from the Japanese company. This ends a potential record-breaking foreign takeover and leaves Seven & i to pursue its standalone growth plan. Seven & i's shares dropped 9% following the announcement.

theguardian.com

🌐 75% Global Worthiness

Sep 18, 04:16

Abu Dhabi Consortium Withdraws $30 Billion Santos Bid

An Abu Dhabi-led consortium has withdrawn its $30 billion takeover bid for Australian oil giant Santos, citing unspecified factors, avoiding a potential Australian government decision on foreign control of significant energy assets.

Abu Dhabi Consortium Withdraws $30 Billion Santos Bid

An Abu Dhabi-led consortium has withdrawn its $30 billion takeover bid for Australian oil giant Santos, citing unspecified factors, avoiding a potential Australian government decision on foreign control of significant energy assets.

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What is the immediate impact of the withdrawn bid on Australia?

The withdrawal spares the Australian government from a decision on a foreign takeover of Santos, a major energy producer. This removes the potential political and economic ramifications of either approving or rejecting a deal that raised domestic energy security concerns.

zeit.de

🌐 85% Global Worthiness

Aug 28, 10:21

Commerzbank Warns Against Unicredit Takeover Amidst Government Opposition

Commerzbank's deputy CEO warned against a potential takeover by Unicredit, citing conflicts of interest and the German government's opposition. Unicredit holds 26% of Commerzbank shares, and exceeding 30% would trigger a mandatory bid. Commerzbank is committed to maintaining its independence.

Commerzbank Warns Against Unicredit Takeover Amidst Government Opposition

Commerzbank's deputy CEO warned against a potential takeover by Unicredit, citing conflicts of interest and the German government's opposition. Unicredit holds 26% of Commerzbank shares, and exceeding 30% would trigger a mandatory bid. Commerzbank is committed to maintaining its independence.

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What are the immediate consequences of Unicredit's pursuit of Commerzbank, and what is the significance for the German financial market?

Commerzbank's Deputy CEO, Michael Kotzbauer, warned against a potential takeover by Italy's Unicredit, citing Unicredit's apparent interest in a lower Commerzbank share price and its direct competition with Commerzbank through its Hypovereinsbank subsidiary. This creates several conflicts of interest, according to Kotzbauer.

bbc.com

🌐 85% Global Worthiness

Aug 13, 07:16

Perplexity's $34.5 Billion Chrome Bid Rejected by Google

AI start-up Perplexity made a $34.5 billion bid to acquire Google's Chrome browser, prompting Google's rejection due to antitrust concerns and potential harm to consumers; the offer highlights the rising importance of AI in the browser market and ongoing scrutiny of Google's dominance.

Perplexity's $34.5 Billion Chrome Bid Rejected by Google

AI start-up Perplexity made a $34.5 billion bid to acquire Google's Chrome browser, prompting Google's rejection due to antitrust concerns and potential harm to consumers; the offer highlights the rising importance of AI in the browser market and ongoing scrutiny of Google's dominance.

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What are the immediate implications of Perplexity's $34.5 billion takeover bid for Google's Chrome browser?

Perplexity, an AI start-up, offered $34.5 billion to acquire Google's Chrome browser. This unexpected bid raises questions about Google's future and the potential impact on competition in the tech industry. Google has rejected the offer, calling it unprecedented and harmful to consumers.

welt.de

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Aug 6, 10:19

Commerzbank Raises 2025 Profit Target Amidst Unicredit Takeover Bid

Commerzbank's Q2 2024 profit reached €462 million, exceeding analyst expectations despite restructuring costs and a takeover defense against Unicredit, prompting a €2.5 billion 2025 profit target increase. The bank is cutting 3,900 jobs while simultaneously creating others and repurchasing shares.

Commerzbank Raises 2025 Profit Target Amidst Unicredit Takeover Bid

Commerzbank's Q2 2024 profit reached €462 million, exceeding analyst expectations despite restructuring costs and a takeover defense against Unicredit, prompting a €2.5 billion 2025 profit target increase. The bank is cutting 3,900 jobs while simultaneously creating others and repurchasing shares.

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How is Commerzbank's response to Unicredit's takeover attempt impacting its financial strategies and workforce restructuring plans?

The unexpectedly strong performance stems from a 13.2% year-on-year increase in Q2 revenue to over €3 billion, driven by robust growth in both interest and commission income. Despite a slight decrease in net interest income, the substantial rise in commission income offset this decline, contributing to the overall positive financial outcome. This success comes amidst a backdrop of job cuts and a takeover defense against Unicredit.

forbes.com

🌐 85% Global Worthiness

Jul 18, 16:17

Failed Couche-Tard Bid Leaves Seven & i Vulnerable

Alimentation Couche-Tard's $45.8 billion takeover bid for Seven & i Holdings failed due to a lack of constructive engagement from Seven & i, leading to a 13% drop in Seven & i's share price and leaving it vulnerable to future bids; Couche-Tard accused Seven & i of obfuscation and delay.

Failed Couche-Tard Bid Leaves Seven & i Vulnerable

Alimentation Couche-Tard's $45.8 billion takeover bid for Seven & i Holdings failed due to a lack of constructive engagement from Seven & i, leading to a 13% drop in Seven & i's share price and leaving it vulnerable to future bids; Couche-Tard accused Seven & i of obfuscation and delay.

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What are the immediate consequences of the failed Couche-Tard takeover bid for Seven & i Holdings, and what does this reveal about its vulnerability to future acquisitions?

Seven & i Holdings Co., the owner of Japan's 7-Eleven, faced a failed $45.8 billion takeover bid by Alimentation Couche-Tard Inc., the largest ever foreign takeover attempt of a Japanese company. The deal collapsed due to a lack of constructive engagement from Seven & i, leading to a 13% drop in share price since the proposal's withdrawal. This leaves Seven & i vulnerable to future takeover attempts.

cincodias.elpais.com

🌐 85% Global Worthiness

Jul 9, 07:18

BlackRock Boosts Stake in BBVA and Sabadell Amidst Uncertain Takeover

BlackRock, the world's largest investment fund, increased its stake in both BBVA and Sabadell after Spain's government added conditions to BBVA's takeover bid and Sabadell sold its UK subsidiary TSB, paying a €2.5 billion dividend; other investors reacted differently.

BlackRock Boosts Stake in BBVA and Sabadell Amidst Uncertain Takeover

BlackRock, the world's largest investment fund, increased its stake in both BBVA and Sabadell after Spain's government added conditions to BBVA's takeover bid and Sabadell sold its UK subsidiary TSB, paying a €2.5 billion dividend; other investors reacted differently.

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What is the immediate impact of the Spanish government's conditions on BBVA's takeover bid of Sabadell, and how does this affect investor strategies?

BlackRock, the largest investment fund globally and top shareholder in both BBVA and Sabadell, increased its stake in both banks after the Spanish government added conditions to BBVA's takeover bid of Sabadell. This added approximately €300 million to the overall investment, suggesting a complex strategy.

Showing 1 to 12 of 38 results