takeover
By Hyunjoo Jin, Cynthia Kim and Kane Wu SEOUL (Reuters) -A takeover battle over Korea is adding pressure on Seoul to pass legislative reforms to ensure better protections for all investors in a country with a stock market dominated by family-run conglomerates. Korea Zinc Chairman Yun B. Choi, a grandson…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Korea Zinc said on Monday it has secured 9.85% of the company’s shares in a $1.5 billion buyback that it launched to block shareholders from selling their stakes to its top investor Young Poong and private equity firm MBK. Bain Capital, which…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt Tupperware (NYSE:) Brands agreed on Tuesday to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief, canceling its plans for an open-market auction of its assets. The food storage and kitchen…
Investing.com — Whitestone REIT (NYSE:) “will carefully consider” the $15-per-share offer officially made by MCB Real Estate earlier this week, which values the shopping mall operator at around $1.45 billion, the company told Investing.com exclusively. “As a fiduciary, our Board will carefully consider the proposal we received from MCB Real Estate to…
By Tom Sims and John O’Donnell BERLIN (Reuters) -The chief executive of Germany’s Commerzbank (ETR:) snubbed overtures for a takeover by Italy’s UniCredit, saying on Monday he had his own plans for the bank and hoped it could stay independent. UniCredit, Italy’s second-largest bank, recently snapped up a stake of…
VMware customers report seeing massive price increases since Broadcom acquired VMware late last year, with some paying as much as 10 times as much for the same services.One corporate VMware customer told Business Insider that they saw a 175% increase in price and feel they have no choice but to…
(Reuters) – National Amusements has reached a preliminary deal to sell its controlling interest in Paramount Global to Skydance, three sources familiar with the matter told Reuters. Shari Redstone’s National Amusements re-engaged with the David Ellison-led production studio after abruptly ending deal talks last month, while fielding takeover interest from…
By Katya Golubkova TOKYO (Reuters) – Nippon Steel’s proposed acquisition of U.S. Steel risks raising decarbonisation costs for Japan’s top steelmaker, an activist shareholder group said, urging the company to address the takeover’s impact on its climate goals. Nippon Steel, the world’s fourth biggest steelmaker, last year announced a $15…
Investing.com — The fast-moving waste management industry is consolidating again. After recent news that Waste Management Inc (NYSE:) was moving forward in a $7.2 billion deal to acquire Stericycle Inc (NASDAQ:) last Monday, the new target seems to be Canada-based GFL Environmental Holdings (TSX:) (NYSE:). On Monday, news broke across the media that…
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) – Nippon Steel’s vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S. Steel and would study selling some assets if necessary for the deal to go through. Vice Chairman…
