Keywords: Takeover


KNDS explores takeover of Mercedes and Volkswagen plants amid defence expansion push

The Franco-German defence company KNDS is reportedly in discussions to take over industrial facilities owned by major German carmakers, as the defence sector seeks to expand production capacity. According to media reports, KNDS is in talks with Mercedes-Benz Group regarding the possible acquisition......

Intertek moves closer to major takeover deal with EQT

Intertek Group is moving closer to accepting a takeover proposal from Swedish private equity firm EQT in a deal valued at approximately 12.7 billion dollars. The British product testing and certification company announced that it is currently giving EQT access to additional financial and operational......

Mattel investor calls for strategic review as toy demand weakens

An investor in Mattel has urged the toy manufacturer’s leadership to explore strategic options, including taking the company private or pursuing a potential sale, as the global toy market faces weakening demand. Southeastern Asset Management, which holds approximately 4% of Mattel’s shares,......

Germany considers last-resort plan to block Italian bid for Commerzbank

Germany is considering a last-resort strategy to prevent an attempted takeover of Commerzbank by Italy’s UniCredit, as concerns grow over the potential loss of control of a key financial institution. According to sources familiar with the matter, officials in Berlin are discussing whether to increase......

Kone to acquire TK Elevator in $34.4 billion landmark deal

Finland’s Kone has agreed to acquire German rival TK Elevator in a transaction valued at 29.4 billion euros, or $34.4 billion, marking one of the largest corporate takeovers in Europe in recent years. The deal combines cash and shares and is set to reshape the global elevator industry by creating......

Commerzbank plans further job cuts amid updated strategy

The German lender Commerzbank is reportedly preparing additional job cuts as part of an updated strategic plan, according to media reports, while facing renewed takeover pressure from Italy’s UniCredit. The financial newspaper Handelsblatt reported that the scale of the planned workforce reductions......

Sunway’s $2.7 billion offer for IJM Corp expires after failing acceptance condition

Sunway’s $2.7 billion conditional takeover offer for IJM Corp has expired after the company failed to meet the required acceptance threshold by the 5 p.m. deadline, effectively ending the Malaysian conglomerate’s bid for the construction and property group. Sunway stated it respected IJM......

Paramount CEO pressures European leaders to block Netflix's Warner Bros. bid

David Ellison, chief executive of Paramount, has ramped up his campaign against Netflix's proposed acquisition of Warner Bros. Discovery by engaging directly with key European figures. He met with UK Culture Minister Lisa Nandy on Thursday and French President Emmanuel Macron earlier in the week,......

Warner Bros Discovery spurns Paramount bid, backs Netflix merger

Warner Bros. Discovery has decisively turned down Paramount Skydance's $108.4 billion hostile takeover attempt, marking the seventh rejection in 12 weeks. The board, led by Samuel A. Di Piazza Jr., deemed the $30-per-share all-cash proposal inadequate and laden with substantial risks, particularly......