Bid-battle - Latest Popular Stories, Instablogs Community

ABN Amro now faces shareholder suit, hostile RBS takeover bid

Balendu — Sat, 28 Apr 2007 07:00:31 +0000

ABN Amro’s management faced attacks on two fronts at the same time as a Royal Bank of Scotland-led consortium sought to mount up the pressure on the Dutch bank ABN Amro yesterday by formally notifying it of a possible hostile bid in a...

LA billionaires offer new Tribune bid topping Zell

Balendu — Fri, 30 Mar 2007 08:33:56 +0000

The battle for gaining control for Tribune Company intensified two billionaires put in a last minute bid. Southern California billionaires Eli Broad and Ronald Burkle have reportedly improved their offer for the distressed Tribune Co. media...

Endesa board recommends E.ON offer, take over battle continues

Balendu — Tue, 27 Mar 2007 16:18:45 +0000

German utility E.ON has received a significant boost in its effort to take over Spanish power company Endesa. Recently Endesa’s board has recommended shareholders accept E.ON’s latest improved offer. E.ON has offered €42.4 billion,...

TCI warns of legal action against ABN AMRO unless it considers other offers

Balendu — Mon, 26 Mar 2007 07:51:04 +0000

In an interesting twist in the $80 billion ABN AMRO-Barclays merger story, British hedge fund TCI has announced that it will take legal action against ABN AMRO, which at present involved in vigorous exclusive merger talks with Britain’s...

Kuwait's MTC to pay $6.1 billion for Saudi mobile license

Balendu — Mon, 26 Mar 2007 05:55:01 +0000

Kuwait’s Mobile Telecom Co., MTC, emerged as the highest bidder in the tender for the license to become Saudi Arabia’s third telecom operator. MTC’s bid was valued at 22.91 billion Saudi Arabia riyals ($6.11 billion), said...