Takeover Financial News

A Costa Group profit warning has cast more doubt over whether a New York private equity firm will push ahead with a takeover offer pitched at $3.50 a share.

Taliban took over, the U.N. mission in Afghanistan said on Tuesday, despite a «general amnesty» for old enemies. The mission said in a report it had recorded at least 218 extrajudicial killings with links to the Taliban from their takeover of Afghanistan in mid-2021 up to June. «In most instances, individuals were detained by de facto security forces, often briefly, before being killed,» the U.N.

electric vehicle motors if it acquires U.S. Steel’s Big River Steel mill in Arkansas, where U.S. Steel is close to completing a line to produce the electrical steel.

Lithium heavyweight SQM faces having to stump up well over $1 billion to secure a Perth-based exploration company worth just $70 million at the start of the year after having initial takeover offers rejected.

SASV noted that UBS originally offered just CHF 1bn, then CHF 3bn for Credit Suisse, compared to the firm’s equity capital of CHF 54bn.

Credit Suisse, as hundreds of individual shareholders, including former employees of Credit Suisse, are planning to lodge a claim in Zurich’s commercial court today, Financial Times reported. The Swiss Investor Protection Association (SASV), representing retail investors, intends to file the claim on behalf of around 500 Credit Suisse equity investors who experienced significant losses when UBS took over the bank in March. The takeover, orchestrated by Swiss authorities, didn't allow shareholders in both banks to vote on the deal.

UBS says it has shut down rescue packages agreed with Swiss authorities that made available up to 200 billion Swiss francs (about $230 billion) to help shepherd through its takeover of ailing rival Credit Suisse and avert an international banking crisis

The loss protection deal marked the final step in UBS' takeover of Credit Suisse, which was completed on 12 June.

TPG Capital’s $1.8 billion pursuit of InvoCare appears to be finally over, with the private equity firm and its funeral services provider target agreeing to terms for a binding offer on Tuesday, sources told Street Talk.

Jairam Ramesh on Friday said Cipla, is an integral part of the country’s political, economic and social history and its impending takeover by Blackstone should sadden everyone. The Congress general secretary quoting an ET report said on Twitter, “It was painful to learn that Blackstone, the world's largest private equity fund, is negotiating to acquire the entire 33.47% promoter stake in Cipla, India's oldest pharmaceutical company.” Cipla was established in 1935 by Khwaja Abdul Hamied who was profoundly impacted by Mahatma Gandhi, Nehru Sardar Patel and Maulana Azad. He also played an important role in creating Council of Scientific & Industrial Research (CSIR), said Ramesh, who is the chairman of Parliamentary standing committee on science and technology, environment and climate change. «Cipla soon emerged as a shining example of Indian nationalism and his son Yusuf Hamied made Cipla a global supplier of low-cost generic medicines and successfully challenged American, German and British monopolies and patent holders,» he said in his Twitter post. «He (Yusuf Hamied) paved the way for many other Indian companies to establish themselves in different countries. He is one of the most charming and delightful businessmen I have had the privilege of knowing,» Ramesh said.

The investor group addressed the further delays to the offer period Liontrust announced last week, extending it by four days.

LIC Mutual Fund has completed the takeover of schemes of IDBI Mutual Fund. The effective date of merger was July 29. The move is in line with LIC's mission to strengthen and diversify its product offerings, expand its footprint and grow its assets under management (AUM) to emerge as a leading MF house in the country.LIC MF had an AUM of Rs 18,400 crore and IDBI MF had Rs 3,650 crore as of June.

A judge in Florida has refused to dismiss a lawsuit brought by Gov. Ron DeSantis appointees against Disney’s efforts to neutralize a takeover of Disney World’s governing district by the Florida governor

Liontrust has pushed back the deadline for investors to accept its takeover of GAM again.

It’s stops and starts in the tussle between TPG and InvoCare, the ASX-listed funerals business the private equity suitor is hoping to mop up.

Liontrust has given shareholders an extra three days to accept its takeover offer for GAM as it looks to force through a deal against continued opposition from some vocal critics.

Much ado about nothing at InvoCare, the listed funeral home operator currently in the sights of private equity giant TPG.

The United States Navy has written onerous change-of-control provisions into long-running contracts potentially worth billions of dollars with Austal, the ASX-listed shipbuilder fielding interest from acquisitive international firms.

GAM reiterated it continues to 'strongly recommend' Liontrust’s offer.

Electricity generator and retailer Alinta Energy has told the competition regulator that the takeover of Origin Energy’s markets business by Canadian giant Brookfield could lead to discrimination against Origin’s competitors when negotiating to connect new renewable projects to the grid.

Liontrust’s £96m bid for Swiss asset management firm GAM, which was tabled in May, has been under constant attack from a cohort of investors that has urged other shareholders to reject it.