By pitching its $2.4 billion offer for Australian office landlord Investa Office Fund, Oxford Properties Group has bested Blackstone’s A$90 million offer. On Wednesday, Investa Office Fund, an office landlord in Australia stated, it is adjourning a planned shareholder… Read More ›
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CYBG’s acquisition of Virgin Money has significant cost synergies
With both Boards of the companies agreeing to the cost synergies in the potential deal, this is likely to be a no-brainer. On Monday, the board of CYBG, a lender, and that of British bank Virgin Money stated the former’s… Read More ›
$10.8 billion for Santos Ltd is ‘best and final’ offer: Harbour Energy
Habour Energy made it lucidly clear that it will no longer raise its bidding price prior to entering a Scheme Implementation Deed. On Monday, US private equity giant Harbour Energy stated its takeover proposal of $10.8 billion for Australia’s Santos… Read More ›
Qualcomm likely to reject Broadcom’s $103 billion acquisition offer
Broadcom has let it be known that it is prepared for a takeover battle. According to 4 sources familiar with the matter at hand, Qualcomm Inc is preparing to reject Broadcom’s $103 billion takeover bid as early as this week…. Read More ›
Elliott Management stalled at its acquisition of Gigamon
Having acquired a stake of 15.4%, Elliott Management’s bid for Gigamon has currently stalled due to its offer price being below Gigamon’s currently traded share price of $43.55. As per sources familiar with the matter at hand, Elliott Management’s attempt… Read More ›
U.S. Fintech firm Fiserv offers to acquire UK-based Monitise for $98 million
Fiserve has managed to secure a significant 9.9% of Monitise’s issued share capital in its bid, thus ensuring that the bid is likely to sail through. Fiserv, a U.S. fintech company has upgraded its offer to $98 million (75 million… Read More ›
Broadcom emerges as the highest bidder in the first round of bidding for Toshiba’s chip unit
Foxconn is a close second. Japan, U.S. and Taiwan will have to coordinate more closely so that the Chinese don’t get their hands on U.S. nuclear technology, which has the potential for dual use. As per a source briefed on… Read More ›