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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: hostile takeover

hostile takeover stories: 18 news summaries

(Newser) - Swiss drug giant Roche has succeeded in its quest to own biotech firm Genentech outright, and will purchase the 44% of shares it does not already own for $95 each, the San Francisco Chronicle reports today. The $46.8 billion deal comes after months of haggling, wherein Roche offered as... More »

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California • San Francisco • pharmaceutical companies • hostile takeover • mergers and acquisitions • biotechnology • Genentech • Roche • biotech companies

 Booming China
 Flexing Its
 M&A Muscle 

Chinese companies snap up $42B in foreign assets so far in 2008

Jul 15, 08 10:00 AM CDT
(Newser) - 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.... More »

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China • hostile takeover • mergers and acquisitions • steel • commodities

InBev Brews Plan to Oust Anheuser-Busch Directors

Company turns to shareholders in merger

Jul 7, 08 8:15 AM CDT
(Newser) - 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 ... More »

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hostile takeover • acquisition • Anheuser-Busch • proxy battle • InBev

 Budweiser
 to Reject 
 InBev Offer 

Anheuser-Busch now may face a hostile takeover bid

Jun 25, 08 7:00 PM CDT
(Newser) - 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—... More »

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hostile takeover • beer • Budweiser • Anheuser-Busch • InBev

Belgians Eye $46B Anheuser-Busch Takeover 

InBev prepared to go hostile to grab control of American brewing giant

May 23, 08 6:51 PM CDT
(Newser) - 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... More »

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hostile takeover • Budweiser • SABMiller PLC • Anheuser-Busch • InBev • Stella Artois

Icahn Grabs Yahoo Stake, Could Try to Force Sale

Investor has bought 4% interest since Microsoft dropped bid; decision tomorrow

May 13, 08 5:39 PM CDT
(Newser) - 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... More »

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Yahoo • Microsoft • Carl Icahn • hostile takeover • proxy battle

Microsoft
Edges Toward
Hostile Bid

Ballmer, still on fence last night, expected to move on Yahoo  today

May 2, 08 4:52 AM CDT
(Newser) - 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... More »

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Yahoo • Microsoft • hostile takeover • merger • Steve Ballmer

Microsoft Still Pondering Yahoo Options

Decision to go hostile, raise bid, or walk away up to CEO Ballmer

May 1, 08 9:37 AM CDT
(Newser) - 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... More »

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Yahoo • Microsoft • hostile takeover • merger • Steve Ballmer

ANALYSIS

Ballmer May Seek Middle Path on Yahoo

Microsoft could nominate proxy slate, wait on hostile offer

Apr 30, 08 7:13 AM CDT
(Newser) - 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... More »

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Yahoo • Internet • Microsoft • hostile takeover • Steve Ballmer • proxy battle

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

Talks quietly die after Yahoo demands $35 a share

Apr 27, 08 4:05 PM CDT
(Newser) - 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... More »

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Yahoo • Google • Microsoft • hostile takeover • takeover

Yahoo Board Meets as Buyout Options Grow

Microsoft likeliest buyer but battle heats up

Apr 11, 08 2:45 AM CDT
(Newser) - 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... More »

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

 Yahoo, AOL May Merge; 
 Murdoch-Microsoft In Talks 

Two Internet-shaking deals stem from Microsoft-Yahoo talks

Apr 9, 08 10:34 PM CDT
(Newser) - 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... More »

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

Microsoft Threatens Hostile Takeover of Yahoo

Corporation promises proxy battle, threatens lower buyout price

Apr 5, 08 3:09 PM CDT
(Newser) - 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... More »

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Yahoo • Microsoft • hostile takeover • mergers and acquisitions • Steve Ballmer • proxy battle

EA Gets Hostile in
'Grand Theft' Takeover Bid

Video game maker plans to bypass Take-Two management

Mar 13, 08 10:21 AM CDT
(Newser) - Electronic Arts is renewing its $2 billion bid to take over rival Take-Two Interactive—but this time the offer will go directly to the video game maker's shareholders, in a sign the potential deal may be turning hostile, reports the Wall Street Journal. EA’s initial offer was rejected... More »

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hostile takeover • acquisition • EA Sports • Electronic Arts • Take-Two Interactive Software • Grand Theft Auto IV

Yahoo Buys Time to Delay Proxy Battle

May postpone meeting to pursue talks with Microsoft,  AOL

Mar 5, 08 9:13 AM CST
(Newser) - Yahoo may postpone its annual meeting to delay a proxy battle with Microsoft, reports the New York Times. The move would temporarily fend off a hostile takeover bid by the computer giant, and buy Yahoo some time to weigh its options, including a negotiated deal with Microsoft and a merger... More »

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Yahoo • Google • AOL • Microsoft • hostile takeover • mergers and acquisitions • Jerry Yang • News Corp • proxy battle • annual meeting • takeover bid

Microsoft to Engineer Proxy Fight for Yahoo's Board

Ballmer, Gates playing hardball

Feb 19, 08 12:49 PM CST
(Newser) - 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... More »

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Yahoo • Microsoft • hostile takeover • board of directors • proxy battle

Microsoft Mulls Ways to Up Ante

Software giant deciding between very dirty tricks and somewhat dirty tricks

Feb 11, 08 8:37 AM CST
(Newser) - 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... More »

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Yahoo • Microsoft • hostile takeover • mergers and acquisitions • Christopher Liddell

Aluminum Giant Makes Play for Rival

Alcoa's $26.9 hostile takeover bid for Alcan comes after years of merger talks

May 7, 07 1:44 PM CDT
(Newser) - 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... More »

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Alcoa • Alcan • aluminum • hostile takeover • merger • acquisition • hydropower

18 Stories


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