7:34 p.m. | Updated The Blackstone Group raised its offer for Dynegy on Tuesday afternoon, the eve of a scheduled vote on the proposed $4.7 billion buyout, which has encountered stiff opposition from two of the energy company’s biggest shareholders. But the two shareholders — Carl C. Icahn and Seneca Capital — said that they [...]
Geoff Howe/Bloomberg News 7:50 p.m. | Updated BHP Billiton said Sunday that it withdrew its $38.6 billion unsolicited takeover offer for the Potash Corporation of Saskatchewan, the world’s biggest producers of a key fertilizer ingredient, after the Canadian government blocked the potential deal. BHP’s decision was all but preordained after the Canadian government’s decision earlier [...]
President Barack Obama said Saturday there’s “room for compromise” on Bush-era tax relief, yet at the same time he insisted the nation cannot afford to extend the cuts to Americans making more than $250,000. It was not clear where the president thought a compromise should fall. “None of us want to wake up on Jan. [...]
A group of investors holding the junior debt of Anglo Irish Bank have vowed to oppose the offer made by the Irish government last week to pay them a fraction of the face value of the bonds. The government would pay 20 cents on the euro for about 1.6 billion euros’ worth of subordinated Anglo [...]
Deutsche Postbank, the German retail lender, recommended on Wednesday that its shareholders accept a takeover offer from Deutsche Bank, The Associated Press reported. Deutsche Bank, the country’s biggest lender, announced plans last month for a full takeover of Deutsche Postbank, of which it already holds nearly 30 percent. It offered 25 euros ($34.61) a share [...]
The 3M Company’s tender offer for Cogent expires Thursday at midnight. It is going to be a nail-biter. The path for completion of the tender offer was cleared in Delaware Chancery Court on Tuesday with a decision by Vice Chancellor Donald F. Parsons Jr. The vice chancellor found that the motion brought by the Cogent [...]
Twitter
Facebook