Tag #Takeover Bid

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elmundo.es

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Jul 4, 04:10

BBVA's Sabadell Takeover Bid Nears Conclusion Amidst Concerns Over Offer Price

BBVA's hostile takeover bid for Sabadell is entering its final stage, with the acceptance period expected to run from July to September. The offer, currently perceived as insufficient by analysts, might be increased before the deadline.

BBVA's Sabadell Takeover Bid Nears Conclusion Amidst Concerns Over Offer Price

BBVA's hostile takeover bid for Sabadell is entering its final stage, with the acceptance period expected to run from July to September. The offer, currently perceived as insufficient by analysts, might be increased before the deadline.

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How has the sale of TSB by Sabadell to Santander altered the dynamics of the BBVA takeover bid?

The current offer of 1 BBVA share plus €0.70 cash for 5.34 Sabadell shares is unattractive to Sabadell shareholders, given the negative premium at current market prices. This is further complicated by Sabadell's planned dividend payouts, making the BBVA offer less appealing.

elpais.com

🌐 85% Global Worthiness

Jun 25, 16:15

Sabadell CEO casts doubt on BBVA takeover bid

Banco Sabadell's CEO cast doubt on BBVA's takeover bid following a government condition, citing a reduced probability of success due to a revised synergy calculation and undervaluation of Sabadell's stock. A decision on the sale of the British subsidiary TSB is expected before July 24th.

Sabadell CEO casts doubt on BBVA takeover bid

Banco Sabadell's CEO cast doubt on BBVA's takeover bid following a government condition, citing a reduced probability of success due to a revised synergy calculation and undervaluation of Sabadell's stock. A decision on the sale of the British subsidiary TSB is expected before July 24th.

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How has Banco Sabadell's stock performance and strategic plan influenced its CEO's assessment of BBVA's offer?

González-Bueno highlighted Sabadell's significant stock appreciation since rejecting BBVA's previous offers, emphasizing that the current offer undervalues the bank and that its shareholders should weigh the offer against Sabadell's improved dividend payouts and future prospects. He argued that the offer's value has eroded over time due to dividend adjustments and buyback reductions. The sale of Sabadell's British subsidiary, TSB, is unrelated to the takeover bid and will only proceed if offers exceed market value.

news.sky.com

🌐 75% Global Worthiness

Jun 9, 16:12

Argentex Rejects Investment Bid Amid Trump Tariff Fallout

Argentex Group rejected a £2.5 million investment offer from Lavide Holding, opting instead for a rescue deal with IFX Payments amid financial distress caused by the volatility in foreign exchange rates due to President Trump's tariffs; a shareholder vote is scheduled for Wednesday.

Argentex Rejects Investment Bid Amid Trump Tariff Fallout

Argentex Group rejected a £2.5 million investment offer from Lavide Holding, opting instead for a rescue deal with IFX Payments amid financial distress caused by the volatility in foreign exchange rates due to President Trump's tariffs; a shareholder vote is scheduled for Wednesday.

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What is the immediate impact of Argentex's rejection of Lavide Holding's offer on its financial stability and future prospects?

Argentex Group, a London-listed currency management firm, rejected a £2.5 million investment offer from Lavide Holding for a 50% stake, deeming it insufficient to meet its operational needs and regulatory obligations. This follows earlier interest from other investors, and a shareholder vote on a rescue deal with IFX Payments is scheduled for Wednesday. The company's financial distress stems from volatility in foreign exchange rates linked to President Trump's tariff policies.

welt.de

🌐 75% Global Worthiness

May 22, 16:14

Salzgitter Rejects Takeover Bid, to Continue Green Steel Transformation

Salzgitter AG rejected a takeover bid from GP Günter Papenburg and TSR Recycling in April 2025 due to a significant valuation difference, but will maintain its business relationship with both firms; the Lower Saxony state government also opposed the bid, supporting Salzgitter's green steel transform...

Salzgitter Rejects Takeover Bid, to Continue Green Steel Transformation

Salzgitter AG rejected a takeover bid from GP Günter Papenburg and TSR Recycling in April 2025 due to a significant valuation difference, but will maintain its business relationship with both firms; the Lower Saxony state government also opposed the bid, supporting Salzgitter's green steel transform...

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How did the Lower Saxony state government's position and the current economic climate influence the decision-making process surrounding the takeover bid?

The rejection highlights a significant valuation gap between Salzgitter's board and the bidders. This underscores the challenges of mergers and acquisitions in the steel industry, where differing views on future growth prospects and profitability heavily influence negotiations. The Lower Saxony state government also opposed the takeover, reaffirming its commitment to Salzgitter and its green steel transformation.

zeit.de

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May 15, 13:10

Commerzbank Rejects Unicredit Takeover Bid Amidst Employee Protests

Commerzbank employees and representatives protested a potential hostile takeover by Unicredit at their annual meeting in Wiesbaden, Germany, amid concerns about job losses and the German government's support for Commerzbank's independence.

Commerzbank Rejects Unicredit Takeover Bid Amidst Employee Protests

Commerzbank employees and representatives protested a potential hostile takeover by Unicredit at their annual meeting in Wiesbaden, Germany, amid concerns about job losses and the German government's support for Commerzbank's independence.

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How does the German government's stake in Commerzbank influence Unicredit's strategy and the overall situation?

Unicredit, now Commerzbank's second-largest shareholder with about 28 percent, is considering a takeover but hasn't made a formal offer. The German government, holding over 12 percent of Commerzbank shares, supports Commerzbank's independence, viewing it as a systemically important bank. Commerzbank aims to maintain its independence through job cuts and increased profits.

faz.net

🌐 75% Global Worthiness

Mar 27, 01:16

MFE Launches Takeover Bid for ProSiebenSat.1 at Minimum Price

MediaForEurope (MFE), part of the Berlusconi empire, launched a takeover bid for German media company ProSiebenSat.1, offering the minimum legal price of approximately €5.75 per share, a price below the current market value, causing negative market reaction despite a pre-arranged agreement securing ...

MFE Launches Takeover Bid for ProSiebenSat.1 at Minimum Price

MediaForEurope (MFE), part of the Berlusconi empire, launched a takeover bid for German media company ProSiebenSat.1, offering the minimum legal price of approximately €5.75 per share, a price below the current market value, causing negative market reaction despite a pre-arranged agreement securing ...

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What is the immediate impact of MFE's takeover bid on ProSiebenSat.1 and its shareholders?

MediaForEurope (MFE), a major shareholder in ProSiebenSat.1 and part of the Berlusconi empire, announced a takeover bid for the German media group. MFE aims to increase its stake and collaborate more effectively with ProSiebenSat.1, believing it needs a strong shareholder with industry expertise to support growth. The offer price is the three-month volume-weighted average price, resulting in a lower-than-expected offer price for ProSiebenSat.1 shareholders.

elpais.com

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Jul 3, 07:15

Sabadell's Macro-Dividend Jeopardizes BBVA's Takeover Bid

Banco Sabadell's €2.5 billion macro-dividend, from the sale of its UK subsidiary TSB, increases its stock value by 10% compared to BBVA's takeover offer, forcing BBVA to reconsider its bid due to added government conditions restricting merger synergies.

Sabadell's Macro-Dividend Jeopardizes BBVA's Takeover Bid

Banco Sabadell's €2.5 billion macro-dividend, from the sale of its UK subsidiary TSB, increases its stock value by 10% compared to BBVA's takeover offer, forcing BBVA to reconsider its bid due to added government conditions restricting merger synergies.

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What is the immediate impact of Sabadell's macro-dividend announcement on BBVA's takeover bid?

The Banco Sabadell's announcement of a €2.5 billion macro-dividend, resulting from the sale of its British subsidiary TSB, has significantly boosted its stock price. This has widened the gap between Sabadell's value and BBVA's offer to 10%, favoring Sabadell.

bbc.com

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Jun 18, 16:16

Mandaric to Attempt Sheffield Wednesday Buyout

Former Sheffield Wednesday owner Milan Mandaric will attempt to buy the club back next week from current chairman Dejphon Chansiri after the EFL imposed spending restrictions due to unpaid wages, citing Chansiri's high valuation as a potential obstacle.

Mandaric to Attempt Sheffield Wednesday Buyout

Former Sheffield Wednesday owner Milan Mandaric will attempt to buy the club back next week from current chairman Dejphon Chansiri after the EFL imposed spending restrictions due to unpaid wages, citing Chansiri's high valuation as a potential obstacle.

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What immediate actions will Mandaric take to address Sheffield Wednesday's financial crisis and what are the potential consequences if he fails?

Milan Mandaric, former owner of Sheffield Wednesday, plans to buy back the club to prevent its collapse under current chairman Dejphon Chansiri. Mandaric will travel to the UK next week to negotiate with Chansiri. The EFL recently imposed spending restrictions on Sheffield Wednesday due to unpaid wages.

cincodias.elpais.com

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May 29, 01:13

EU challenges Spain over BBVA-Sabadell merger intervention

The European Commission reprimanded Spain for potentially hindering BBVA's takeover bid of Banco Sabadell, citing concerns about alignment with EU competition rules; Spain argues its actions are justified under national and EU law in the interest of general welfare.

EU challenges Spain over BBVA-Sabadell merger intervention

The European Commission reprimanded Spain for potentially hindering BBVA's takeover bid of Banco Sabadell, citing concerns about alignment with EU competition rules; Spain argues its actions are justified under national and EU law in the interest of general welfare.

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How does the Spanish government's intervention in the BBVA-Sabadell merger affect EU competition rules and broader economic implications?

The European Commission warned Spain for potentially obstructing BBVA's hostile takeover bid of Banco Sabadell. Spain's Economy Minister insists this is aligned with national and EU laws, prioritizing general interest considerations beyond pure competition. The Spanish government has one month to review its stance.

theglobeandmail.com

🌐 85% Global Worthiness

May 20, 22:11

Strathcona's Unsolicited Bid for MEG Energy Could Spark Bidding War

Strathcona Resources Ltd. launched a $5.9-billion unsolicited takeover bid for MEG Energy Corp., potentially sparking a bidding war among Canadian oil producers and reshaping the industry landscape. This reflects improved sentiment in the oil sands sector, following the Trans Mountain pipeline expan...

Strathcona's Unsolicited Bid for MEG Energy Could Spark Bidding War

Strathcona Resources Ltd. launched a $5.9-billion unsolicited takeover bid for MEG Energy Corp., potentially sparking a bidding war among Canadian oil producers and reshaping the industry landscape. This reflects improved sentiment in the oil sands sector, following the Trans Mountain pipeline expan...

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Which companies are considered the most likely alternative bidders for MEG Energy, and what are the key factors influencing their potential bids?

Several Canadian producers are considered potential rivals for MEG Energy, including Cenovus Energy and Imperial Oil. Analysts cite potential cost savings from combining operations as a key driver, although existing capital expenditures at these companies may influence their bidding strategies. The deal reflects increased activity in Canada's oil sands sector and the potential for further consolidation.

dailymail.co.uk

🌐 75% Global Worthiness

Apr 23, 16:12

THG Rejects £600 Million MyProtein Takeover Bid

THG unanimously rejected a £400-£600 million unsolicited takeover bid for its MyProtein subsidiary from former chairman Iain McDonald's Selkirk Group, citing undervaluation and concerns about funding.

THG Rejects £600 Million MyProtein Takeover Bid

THG unanimously rejected a £400-£600 million unsolicited takeover bid for its MyProtein subsidiary from former chairman Iain McDonald's Selkirk Group, citing undervaluation and concerns about funding.

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What are the immediate implications of THG's rejection of Selkirk Group's takeover bid for MyProtein?

THG rejected a £400-£600 million takeover bid for its MyProtein brand from former chairman Iain McDonald's Selkirk Group. The bid, deemed "wholly unsolicited, largely unfunded, highly conditional and non-binding," was rejected due to concerns over valuation and Selkirk's funding capabilities. THG's board stated the offer significantly undervalued MyProtein.

elpais.com

🌐 85% Global Worthiness

Mar 21, 01:13

Sabadell Shareholders Reject BBVA Takeover Bid

Banco Sabadell's shareholder meeting in Sabadell, Spain, on Thursday showed strong local support against BBVA's takeover bid, with 1,000 attendees giving a standing ovation to Josep Oliu's speech. However, the final decision rests with over 200,000 shareholders and the CNMC's analysis.

Sabadell Shareholders Reject BBVA Takeover Bid

Banco Sabadell's shareholder meeting in Sabadell, Spain, on Thursday showed strong local support against BBVA's takeover bid, with 1,000 attendees giving a standing ovation to Josep Oliu's speech. However, the final decision rests with over 200,000 shareholders and the CNMC's analysis.

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What is the immediate impact of the shareholder meeting on BBVA's takeover bid for Banco Sabadell?

Banco Sabadell's shareholder meeting showed strong local support against BBVA's takeover bid, with 1,000 attendees giving a standing ovation to Josep Oliu's speech defending the bank's independence. However, with over 200,000 shareholders, the outcome remains uncertain.

Showing 13 to 24 of 38 results