Keywords: Takeover bid


Segro rejects improved £13.5 billion takeover bid from Prologis

Segro has turned down an enhanced takeover proposal from U.S.-based logistics real estate leader Prologis, reaffirming its position that the offer undervalues one of the United Kingdom’s largest warehouse property owners. The latest proposal, disclosed by Prologis on Monday, placed an equity value......

Telecom Italia board endorses Poste Italiane’s €11 billion takeover bid

(TIM) said its board of directors has unanimously approved the voluntary public tender and exchange offer launched by Poste Italiane for all outstanding shares of the telecom operator. The decision marks a major step forward in one of the most significant transactions in the Italian telecommunications......

EasyJet shares soar after airline backs £5.5 billion Castlelake takeover proposal

EasyJet shares jumped sharply in early trading on Monday after the British low-cost airline announced it had reached an agreement in principle to support a £5.5 billion takeover proposal from U.S.-based investment firm Castlelake. The positive market reaction reflected growing investor confidence......

Commerzbank shares fall below UniCredit bid value as takeover deadline approaches

Shares in Germany’s Commerzbank fell on Tuesday below the value implied by UniCredit’s ongoing takeover offer, marking a shift in market sentiment as the bidding process enters its final stages. The Italian banking group UniCredit launched a hostile bid for Commerzbank on May 5, triggering......

UniCredit defends takeover offer as dispute with Commerzbank intensifies

Italian banking group UniCredit has firmly rejected claims made by Germany’s Commerzbank regarding the level of shareholder participation in its takeover offer, escalating tensions between the two financial institutions. The dispute centers on the accuracy of figures related to the acceptance......

Apollo withdraws takeover bid for Bodycote, ending acquisition discussions

Acquisition discussions between U.S.-based investment firm Apollo Global Management and British industrial services company Bodycote have come to an end after Apollo announced that it would not proceed with a formal takeover offer. The decision concludes several weeks of market speculation following......

Commerzbank employees rally against UniCredit takeover bid

Employees of Commerzbank demonstrated in Germany on Wednesday to oppose the takeover attempt launched by the Italian banking group UniCredit. The protest took place ahead of Commerzbank’s annual shareholders’ meeting and highlighted growing concerns among workers about the future of the lender. Dozens......

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......

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......