AOL Verizon deal: This is boss Tim Armstrong’s email to staff in full May 12, 2015 AOL boss Tim Armstrong has emailed staff about Verizon's $4.4bn offer to buy the online company. Here are his words in full. As you have heard me say many times over the last 5 years since we became an independent AOL, we are building toward becoming the largest media technology company in the world. While [...]
HSS Hire returns to takeover fray after IPO with £11m All Seasons aircon deal May 11, 2015 Tool hire firm HSS Hire, which floated on the stock market earlier this year, yesterday paid £11.3m to buy heating and air conditioning hire firm All Seasons Hire. All Seasons, which will retain its name when it merges into HSS, had previously supplied equipment to HSS’ OneCall division that had put the firm on the [...]
Ex-Arsenal captain Tony Adams “eyeing up” Aston Villa takeover bid May 7, 2015 Ex-Arsenal captain Tony Adams is said to eyeing up a £150m takeover bid for Premier League club Aston Villa, it has been reported. Adams has apparently joined forces with former Chelsea executive Paul Smith and they have approached City investors over backing a potential bid according to Sky News. The pair are said to have approached private [...]
Salesforce.com share price climbs on Microsoft takeover reports May 5, 2015 Shares in Salesforce.com jumped 6.2 per cent yesterday, after it was reported that Microsoft is considering a bid for the cloud software provider. Salesforce shares rose from $71.4 to $75.82 after which trading was temporarily halted. Microsoft is evaluating a bid after Salesforce was approached by another potential buyer, Bloomberg reported, citing people with [...]
Syngenta rises after Monsanto takeover talk May 5, 2015 SYNGENTA shares had their biggest increase in six years yesterday, after investors finally got the chance to give their verdict on reports that Monsanto had offered to buy the group again. The Swiss-agrochemical giant jumped nearly 12 per cent in early trading following last week’s report that Monsanto, the world’s biggest seed producer, had approached [...]
Spirit Pub raises a glass to fizzing rise in profits as Greene King merger looms April 29, 2015 Spirit Pub Company toasted a strong rise in earnings yesterday after it reported a 12 per cent gain in half year profits. The pubs group, which has 1,211 boozers concentrated in London and the south east, added £3m of pre-tax profits to take the haul for the six months ending 7 March to £25m. Strong [...]
Three charged with insider dealing by FCA in Logica shares at time of CGI takeover April 29, 2015 Three men, including a former business analyst at IT management consultancy Logica, have been charged with insider dealing by the Financial Conduct Authority (FCA). The UK's financial watchdog formally is charging former Logica employee Majeet Singh Mohal with passing on inside information in 2012 and two other men – Reshim Birk and Surinder Pal Singh Sappal [...]
Lib Dems: Blocking a BP takeover would be a massive Tory U-turn April 27, 2015 The Liberal Democrats believe it would be a huge shift for any future Conservative government to try to block a foreign takeover of BP. The party points to last year’s coalition row over a potential takeover of pharmaceutical giant Astrazeneca by Pfizer. Then, Vince Cable wanted to bring in greater restrictions to protect research and [...]
Pace chairman Allan Leighton to exit after Arris takeover April 23, 2015 Pace chairman Allan Leighton is set to leave the UK group once its £1.4bn takeover by a US rival is finalised, as shares in the set-top box maker closed 34 per cent higher yesterday. Leighton, chair of Pace since 2011, oversaw the cash-and-share offer by Georgia-based group Arris Group but will not seek a [...]
Pace share price jumps 36 per cent after takeover agreement with US rival April 23, 2015 Shares in Pace, the set-top box maker, closed more than 36 per cent higher this afternoon, after it announced plans to merge with US rival Arris. The company said this morning it had agreed to be bought by Arris for $2.1bn (£1.4bn). The deal values Pace at 426.5p per share – although they closed at [...]