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July 25, 2008 12:53:18 PM CDT


Stories related to: hostile takeover

Stories

17 Stories

  • July 2008
    • Booming China Flexing Its M&A Muscle

      Booming China Flexing Its M&A Muscle

      Chinese companies are on a buying binge, snapping up $42 billion worth of foreign assets in the first 6 months of 2008. That's a 500% increase over the previous year, and equal to the combined value of takeovers from 2000 to 2006, reports DealBook in the New York Times. And, where Chinese companies once shied away from hostile takeovers, that appears to no longer be the case. More »

      Tags

      China   mergers and acquisitions   commodities   hostile takeover   steel

    • InBev Brews Plan to Oust Anheuser-Busch Directors

      InBev Brews Plan to Oust Anheuser-Busch Directors

      InBev is turning up the heat in its $46.35-billion attempt to take over St. Louis-based Anheuser-Busch, seeking to replace the company's board with a new slate of directors. The move aims to allow shareholders a direct say on the merger bid that was spurned last month, reports the Wall Street Journal. The Belgian-Brazilian brewer offered stockholders $65 a share, a 35% premium. More »

      Tags

      acquisitions   proxy battle   Anheuser-Busch   hostile takeover   InBev

  • June 2008
    • Budweiser to Reject InBev Offer

      Budweiser to Reject InBev Offer

      Anheuser-Busch plans to reject Belgian brewer InBev's $46 billion offer to buy the company, the Wall Street Journal reports. The decision is not expected to deter InBev, however, which could launch a hostile takeover bid, the Journal notes. InBev wants to acquire the St. Louis brewer—the maker of Budweiser—to create the world's largest beer maker. More »

      Tags

      beer   Anheuser-Busch   hostile takeover   Budweiser   InBev

  • May 2008
    • Belgians Eye $46B Anheuser-Busch Takeover

      Belgians Eye $46B Anheuser-Busch Takeover

      A Belgian brewing giant whose brands include Stella Artois is contemplating a $46 billion takeover of Anheuser-Busch, the Financial Times reports today. If CEO August Busch IV denies Belgium's InBev, as he reportedly did in October, the company may go directly to shareholders. InBev is also contemplating a partnership with SABMiller (Miller and other beers) should its Anheuser plan fall flat. More »

      Tags

      Anheuser-Busch   hostile takeover   Budweiser   InBev   Stella Artois   SABMiller PLC

    • Icahn Grabs Yahoo Stake, Could Try to Force Sale

      Icahn Grabs Yahoo Stake, Could Try to Force Sale

      A new player has entered the Microsoft-Yahoo epic, the Wall Street Journal reports: billionaire investor Carl Icahn. He has bought about a 4% stake in Yahoo since Microsoft withdrew its offer to buy on May 3. Icahn will decide by tomorrow whether to launch an attempt to take over Yahoo's board and perhaps force a sale. More »

      Tags

      Microsoft   Yahoo   Carl Icahn   proxy battle   hostile takeover

    • Microsoft Edges Toward Hostile Bid

      Microsoft Edges Toward Hostile Bid

      Microsoft appears to be edging closer to a hostile bid for Yahoo, the Wall Street Journal reports; an announcement of the company's next move is expected today. Price will be a key factor: CEO Steve Ballmer told employees yesterday he won't pay a "dime above" what he thinks Yahoo is worth. Yahoo shareholders are looking for $35 to $37 a share; Ballmer's original offer was worth $29.48 a share at the close yesterday. More »

      Tags

      Microsoft   Yahoo   merger   Steve Ballmer   hostile takeover

    • Microsoft Still Pondering Yahoo Options

      Microsoft Still Pondering Yahoo Options

      Microsoft's board met yesterday to discuss the next move in its bid for Yahoo but didn't make a decision, the Wall Street Journal reports. Directors have given CEO Steve Ballmer broad leeway to decide between going hostile or walking away from the bid, and insiders say it could still go either way. An announcement is expected later this week. More »

      Tags

      Microsoft   Yahoo   merger   Steve Ballmer   hostile takeover

  • April 2008
    • Ballmer May Seek Middle Path on Yahoo

      Ballmer May Seek Middle Path on Yahoo

      Steve Ballmer's next move on Yahoo is expected momentarily, and one option is to nominate a proxy slate for the board of directors, the Wall Street Journal reports, but hold off on making a new hostile bid for the company. Microsoft could buy time for setting a new price for Yahoo, which rejected the company's $42-billion bid, but keep the option of a hostile campaign later. More »

      Tags

      Internet   Microsoft   Yahoo   Steve Ballmer   proxy battle   hostile takeover

    • Microsoft's Price Wasn't Right: Yahoo Offer Expires

      Microsoft's Price Wasn't Right: Yahoo Offer Expires

      Microsoft may get nasty now that its deadline for a friendly Yahoo purchase expired yesterday. Talks died quietly after Microsoft refused to up its offer from $29.68 a share on Friday; Yahoo execs wanted $35. Microsoft could now press Yahoo, tack back the offer, or deal directly with Yahoo shareholders, the Wall Street Journal reports. More »

      Tags

      Google   Microsoft   Yahoo   hostile takeover   takeover

    • Yahoo Board Meets as Buyout Options Grow

      Yahoo Board Meets as Buyout Options Grow

      Yahoo's board meets today to examine the options for avoiding a hostile takeover by Microsoft, the Wall Street Journal reports. Experts think a Microsoft grab is still the most likely scenario, but the situation has grown increasingly complicated in the midst of discussions of an AOL-Yahoo merger, Yahoo's proposed trial of Google ads, and rumors of News Corp. joining Microsoft's side. More »

      Tags

      Google   Microsoft   Yahoo   News Corp   mergers and acquisitions   online advertising   AOL   Time Warner   hostile takeover   takeover bid

    • Yahoo, AOL May Merge; Murdoch-Microsoft In Talks

      Yahoo, AOL May Merge; Murdoch-Microsoft In Talks

      Two groundbreaking Internet deals are in the works, both related to Microsoft's desire to take over Yahoo, the Wall Street Journal reports. In one, Yahoo is considering combining its online operations with Time Warner's AOL. In the other, Rupert Murdoch's News Corp. is in talks to join Microsoft in its bid to acquire Yahoo.  More »

      Tags

      Google   Microsoft   Yahoo   Rupert Murdoch   merger   Jerry Yang   AOL   Time Warner   Steve Ballmer   proxy battle   hostile takeover   takeover bid   AdSense   Legg Mason

    • Microsoft Threatens Hostile Takeover of Yahoo

      Microsoft Threatens Hostile Takeover of Yahoo

      Yahoo has 3 weeks to accept Microsoft’s takeover before things get hostile, Microsoft warned in a letter to Yahoo execs today. “The substantial premium reflected in our initial proposal anticipated a friendly transaction,” wrote Microsoft CEO Steve Ballmer, who promised a proxy director battle and implied a lower sale price. “If we are forced to take an offer directly to your shareholders," Microsoft's $40 billion offer would tumble. More »

      Tags

      Microsoft   Yahoo   mergers and acquisitions   Steve Ballmer   proxy battle   hostile takeover

  • March 2008
  • February 2008
    • Microsoft to Engineer Proxy Fight for Yahoo's Board

      Microsoft to Engineer Proxy Fight for Yahoo's Board

      Rather than raise its $44.6 billion hostile takeover bid, Microsoft will start a proxy fight at Yahoo, with an eye to nominating a slate of directors for the board by mid-March. The hardball tactic will cost less than upping the bid—$20 million or $30 million will pay a proxy solicitor and buy shareholder mailers—but it comes with real downsides, the New York Times reports. More »

      Tags

      Microsoft   Yahoo   proxy battle   hostile takeover   board of directors

    • Microsoft Mulls Ways to Up Ante

      Microsoft Mulls Ways to Up Ante

      Just how hostile Microsoft’s takeover bid for Yahoo becomes is up to one man: Christopher Liddell, the mostly anonymous former banker masterminding the deal, the New York Times reports. Microsoft could simply raise its offer, or it could try some old-fashioned Wall Street strong-arming. “You have to be disciplined and ruthless,” Liddell says. “You have to be willing to walk away.” More »

      Tags

      Microsoft   Yahoo   mergers and acquisitions   hostile takeover

  • May 2007
    • Aluminum Giant Makes Play for Rival

      Aluminum Giant Makes Play for Rival

      Aluminum titan Alcoa is hoping to get its largest rival, Alcan, to melt under a hostile takeover bid, after merger talks between the two companies collapsed. Alcoa, the world's largest aluminum company, has offered $26.9 billion for its Canadian competitor in an effort to beat out the emerging market producers who have recently dominated the industry. More »

      Tags

      acquisitions   merger   hostile takeover   Alcoa   Alcan   aluminum   hydropower

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