Takeover Financial News

08.11 / 12:00

UBS Bank of England companies Credit Suisse bonds FINMA Takeover UBS offers first AT1 bonds since Credit Suisse takeover

Holders of $17bn of Credit Suisse’s AT1 bonds had their holdings wiped out as part of the historic takeover of the bank by UBS, a move that has sparked controversy across European debt markets.

08.11 / 08:35

Target Assurant Strategy show performer reports Takeover Magellan vulnerable to takeover as board hit with first strike

Magellan Financial shareholders have registered a large protest vote against the fund manager’s board, with the company’s new chairman, Andrew Formica, urging investors to focus on the company’s strong balance sheet and its plans for the future.

07.11 / 17:55

Target Booking testing Takeover UBS’s Takeover of Credit Suisse Was a Steal. Now Comes the Bumpy Part.

UBS’s first loss in nearly six years shouldn’t make investors take their eyes off the road. While the Swiss bank said Tuesday that third-quarter net income was a negative $785 million—almost twice as large as the median analyst forecast—its shares rose about 3% in early trading. Investors are wise to look through the fog and see that this was another set of encouraging figures.

07.11 / 02:55

CEO VanEck show stage information reports recommendations Takeover Support ‘Reasonable’: Origin takeover gets support from proxy adviser

Origin Energy’s North American suitors have secured support for their $20 billion takeover proposal from key proxy adviser Institutional Shareholder Services, which has told investors the deal offers a “reasonable” premium.

06.11 / 18:09

Target CEO Entertainment Strategy consequences Takeover EIG hits out at AusSuper as Origin takeover battle fires up

Brookfield’s partner in the $20 billion takeover of Origin Energy has warned that AustralianSuper, Origin’s biggest shareholder, risks becoming a minority owner in a listed LNG company by rejecting the bid for the energy utility.

06.11 / 16:37

Provident FIVE Matthews Parke awards Department Takeover Morale down, cronyism up after DeSantis takeover of Disney World government, ex-employees say

Since allies of Florida Gov. Ron DeSantis took over Walt Disney World’s government earlier this year, morale has deteriorated, the governing district has been politicized and cronyism permeates the organization

02.11 / 23:21

Provident BLOCK Digital innovations reports Department gatherings Takeover RBC’s takeover of HSBC Canada may raise banking fees for Canadians, MPs say

The House of Commons finance committee has asked Ottawa to reject Royal Bank of Canada’s $13.5 billion acquisition of HSBC’s domestic unit, citing the lack of competition in Canada’s financial sector.

02.11 / 07:47

Target BLOCK CEO show Takeover AustralianSuper buying more Origin shares to block takeover

AustralianSuper is seeking to increase its blocking stake in Origin Energy, sending stockbroker Macquarie into the market to buy more shares on its behalf.

01.11 / 07:55

Citi Target BLOCK Racing Metro awards Takeover Judges rule state takeover of Nashville airport's board violates Tennessee Constitution

A panel of judges has ruled that it was unconstitutional for Tennessee lawmakers to pass a state takeover of Nashville International Airport’s board without approval from city officials or voters

01.11 / 05:01

Provident Strategy Software Enterprise voice recommendations Takeover Symbio agrees to $262m takeover by Aussie Broadband

Aussie Broadband’s wholesale telecommunications business, which provides services to third parties to resell, will account for almost a third of its operations after it sealed a deal to buy software group Symbio for $262 million.

30.10 / 22:59

Target CEO Experts Oscar Takeover AusSuper rejects $18.7b takeover bid for Origin

Industry fund heavyweight AustralianSuper will reject the $18.7 billion takeover offer from Brookfield and partner EIG for Origin Energy, firming up pressure on the North American consortium to raise their bid despite no rival contender in sight.

30.10 / 08:45

Provident Google Strategy Software performer voice recommendations Takeover Aussie Broadband confirms $258m takeover bid for Symbio

Aussie Broadband has made a binding offer worth up to $258 million to buy software group Symbio as the telecommunications group overtakes Vocus to become Australia’s fourth-biggest internet provider.

29.10 / 09:29

Citi Target FIVE Digital Metro Southern Takeover Grant Southern Cross trades Grant Samuel for UBS amid takeover

The starting gun has fired on ARN Media’s $225 million takeover bid for rival radio and television broadcaster Southern Cross Austereo – but Street Talk understands the target is taking advice from a new source.

28.10 / 07:57

Twitter CEO Platform show Inside social blues Takeover Twitter takeover: 1 year later, X struggles with misinformation, advertising and usage decline

Elon Musk walked into Twitter's San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform into what is now known as X. X looks and feels something like Twitter, but the more time you spend on it the clearer it becomes that it's merely an approximation. Musk has dismantled core features of what made Twitter, Twitter — its name and blue bird logo, its verification system, its Trust and Safety advisory group. Not to mention content moderation and hate speech enforcement.

27.10 / 19:14

Twitter CEO Platform show Inside social blues Takeover Twitter takeover: 1 year later, X struggles with misinformation, usage decline

One year ago, Elon Musk walked into Twitter’s HQ with a white bathroom sink.

27.10 / 06:33

Twitter Progressive CEO Platform country information reports Takeover elon A year since Elon Musk’s Twitter takeover, sanguine X CEO Linda Yaccarino says the ‘future is bright’

Elon Musk closed a $44 billion deal to take over Twitter, after trying to pull out in between but facing a lawsuit. Since then, the microblogging platform, which has been rechristened X, has been on a roller-coaster ride, with few ups and lots of downs, losing money, advertisers and trust. To mark the one-year anniversary, X chief executive Linda Yaccarino penned a lengthy, glass-half-full blog about the platform under its new ownership and management.

26.10 / 06:11

COST UPS Citi Provident BLOCK Southern Takeover Catalano and Waislitz plot takeover of Southern Cross Austereo

Antony Catalano and his billionaire backer, Alex Waislitz, are attempting to stop ARN Media’s purchase of Southern Cross Austereo, hoping instead to merge the television and radio group with their own publishing operations.

25.10 / 05:55

UPS Citi FIVE Metro Southern stars Takeover Nick Bolton attempts to thwart Southern Cross takeover

Activist investor Nick Bolton will attempt to thwart a tie-up between radio giants Southern Cross Austereo and ARN over claims the latter inadvertently breached the Corporations Act when it bought a stake in its rival.

25.10 / 03:23

UPS Man CEO Software Shell Takeover Damstra Holdings receives takeover bid, eyes on Ideagen

Workplace management software company Damstra Holdings is back in play.

24.10 / 08:39

Lawsuit Theft Takeover Blockchain Forensics Firm CipherBlade Hit by Alleged Hostile Takeover Amid Founder's Absence

The founder of the Pennsylvania blockchain forensics firm CipherBlade claims that a group of employees executed a "hostile takeover" in a lawsuit filed in Alaska.

22.10 / 22:15

UPS Target Progressive Manufacturing Conns reports Takeover Takeover target Pact cuts 175 jobs, pursues asset sales

Takeover target Pact Group has axed 175 jobs, put a Victorian business up for sale and is weighing up whether to proceed with a renewed attempt at selling its entire contract manufacturing business valued at close to $130 million.

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