Takeover Financial News

The scheme will now need to be sanctioned by the court, which is expected to take place on 30 October 2023.

Lithium Power International has sold itself to state-owned Corporacion Nacional del Cobre de Chile for $385 million, as the mineral-rich South American economy bulks up its critical minerals resources projects.

₹235 per share for Religare is far lower than the company’s board anticipated, sparking a debate on whether they undervalued the company for their own benefit or whether REL’s leader Dr. Rashmi Saluja, who has been pivotal in turning around its fortunes, can take it to greater heights by preventing the Burmans from checking in. The Burmans are a co-promoter of Aviva Life Insurance, and own 19.9% of Universal Sompo General Insurance Co.

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By Scott Murdoch

The competition regulator’s reasoning that the $18.7 billion takeover of Origin Energy by two North American bidders should go ahead because of a public benefit from a faster energy transition is “flimsy”, and consumers are likely to pay higher prices as a result of the deal, analysts say.

The Australian Competition and Consumer Commission (ACCC) on Tuesday approved Origin Energy’s $18.7 billion takeover by Canada’s Brookfield and its US-based partner, EIG, opening a debate about shareholder value in the megadeal.

Elon Musk, the world's richest man, is being sued by the U.S. Securities and Exchange Commission, which is trying to compel him to testify as part of a probe into his $44 billion takeover of social media giant Twitter, a Thursday court filing showed. The investigation, which escalates a long-running feud between the SEC and Musk, concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which Musk renamed X, as well as statements and SEC filings he made in relation to the deal.

(Reuters) -Elon Musk, the world's richest man, is under investigation by the U.S. Securities and Exchange Commission over his $44 billion takeover of social media giant Twitter, according to a Thursday court filing in which the agency sought to compel Musk to testify.

Code 2023 that the company noted a 3.7 percent drop compared to Musk's figures from the previous year, resulting in a loss of nearly 15 million users. She further mentioned that X's goal is to achieve profitability by 2024 and highlighted that 90 percent of the top 100 advertisers have returned to the platform in the past 12 weeks. Reportedly, Yaccarino emphasized that she has been in her role at X for just 12 weeks.

London | Macquarie has taken the unusual step of making a public and hostile takeover bid for a listed company, the European waste management group Renewi, only to be firmly rebuffed.

Regal Partners says it is walking away from a potential acquisition of Pacific Current because it is disappointed with the level of engagement from the company.

After a short, sharp military campaign, Azerbaijan has claimed victory over separatists in the disputed Nagorno-Karabakh region. The territory, which was recognised as part of Azerbaijan but was controlled by Armenian separatists for decades, has been at the centre of a major geopolitical conflict for decades. Due to Azerbaijan's close ties with Pakistan, India has been strategically backing Aremnia via sales of military equipment.

Newmont’s proposed acquisition of ASX-listed gold miner Newcrest is widely expected to sail past the shareholder takeover vote in two weeks. But what hasn’t been widely discussed is whether the takeover will be the biggest liquidity event on the ASX sinceSquare’s $39 billion Afterpay deal.

Thousands of Armenians streamed out of Nagorno-Karabakh after the Azerbaijani military reclaimed full control of the breakaway region while Turkish President Recep Tayyip Erdogan visited Azerbaijan Monday in a show of support to its ally.

Microsoft's attempt to buy video game firm Activision Blizzard, the maker of «Call of Duty», paving the way for the US tech titan to close one of the biggest technology acquisitions ever. Microsoft launched its blockbuster $69-billion takeover in January last year, an acquisition that would make it the world's third-largest gaming company by revenue, but it faced stiff scrutiny from US regulators and the UK's Competition and Markets Authority.

In an RNS release today (25 September) the board outlined the full details of the offer along with a timeline of events if all goes according to plan.

TPG Capital’s $1.8 billion buyout offer for Australia’s largest funerals company is clearing a string of potential hurdles, with an independent expert saying the $12.70 per share cash offer is “fair and reasonable”.

Toshiba says a 2 trillion yen ($14 billion) tender offer for the troubled electronics and energy giant by a Japanese consortium has been completed, clearing the way for it to be delisted

By Makiko Yamazaki

Japan Industrial Partners (JIP) gained 78.65% of Toshiba through a tender offer, Toshiba said, coming a step closer to completing a $14 billion deal to take the company private. Ownership of more than a two-third majority would be enough for the JIP group to squeeze out remaining shareholders. Toshiba is now set to be delisted as early as December, ending its 74-year history as a listed firm. The deal puts the electronics-to-power stations maker in domestic hands after years of battles with overseas activist shareholders. JIP is joined by some 20 Japanese companies, including financial services firm Orix and chipmaker Rohm. Toshiba in March accepted JIP's buyout offer valuing the industrial conglomerate at 2 trillion yen ($13.5 billion), with no prospects of a higher offer or competing bid, even though the 4,620 yen per share offer price was considered by some as unsatisfactory. «We are deeply grateful to many of our shareholders for being understanding of the company's position,» Toshiba Chief Executive Taro Shimada said in a statement on Thursday.