Birmingham City receivers now weighing up seven takeover bids April 8, 2015 BIRMINGHAM City fans could soon see their club freed from years of boardroom turmoil after the club’s parent company announced it had received two more takeover offers on top of the five already confirmed. In a statement to the Hong Kong Stock Exchange, receivers Ernst and Young who have been running Birmingham International Holdings Limited [...]
Birmingham City receivers weigh up seven takeover bids April 8, 2015 Birmingham City fans could soon see their club freed from years of boardroom turmoil after the club's parent company announced it had received two more takeover offers on top of the five already confirmed. In a statement to the Hong Kong Stock Exchange, receivers Ernst and Yong who have been running Birmingham International Holdings Limited [...]
Royal Dutch Shell BG Group deal: The 14 biggest M&A deals ever made April 8, 2015 Royal Dutch Shell's takeover of BG Group for a pretty impressive price tag of £47bn makes it the 14th largest M&A deal in history. The latest deal may be big, but it doesn't even compare to the largest (though ultimately disastrous) merger of all time – AOL and Time Warner. The biggest deal ever made [...]
Royal Dutch Shell BG Group mega-merger: Are there more oil deals on the way? April 8, 2015 Oil giant Royal Dutch Shell announced a takeover of gas producer BG Group today, in a deal worth £47bn. So is this the start of an oil mega-merger party? About 15 years ago low oil prices caused something similar. (Source: A.T. Kearney) Between 1998 and 1999, oil prices halved to just $10 per barrel, sparking a wave [...]
Royal Dutch Shell BG Group mega-merger: Four things you need to know about the takeover deal April 8, 2015 After BG's board recommended a massive £47bn takeover by Shell, these are the four big things you need to know about the deal. 1. It’s the 14th biggest takeover ever The deal swoops into the record books as the 14th largest M&A deal in history. It will create the biggest company on the FTSE. It's [...]
BG Group share price rockets while Shell tumbles after takeover deal April 8, 2015 Shares in BG Group have rocketed in early trading after a takeover deal by Royal Dutch Shell was confirmed. BG shares shot up more than 40 per cent to 1298.50 pence per share on yesterday's close of 910.40 pence per share – their highest since September. Shares in BG, along with other oil producers, have been [...]
BG Group agrees to £47bn takeover by Royal Dutch Shell in oil mega-merger April 8, 2015 Oil giant Royal Dutch Shell has announced a takeover of BG Group, in a deal valuing gas producer BG at £47bn. Shell will pay a premium of around 50 per cent on BG’s shares, which closed up by 6.74 per cent at 910.40p yesterday, giving it a market capitalisation of £31bn. BG’s board have recommended [...]
Yoox ties up with Net-A-Porter in €2.8bn merger March 31, 2015 ITALIAN Fashion retailer Yoox announced it would be merging with designer clothing website Net-A-Porter yesterday, in an all-share deal set to create the world’s largest online luxury clothing outlet. The new entity, Yoox Net-A-Porter will have combined sales of €1.3bn (£942m), with Net-A-Porter owner Richemont having a 50 per cent stake in the new firm. [...]
Tobacco firms take the puff out of FTSE amid merger talks – London Report March 31, 2015 WEAKER tobacco and commodity company stocks hit Britain’s leading share index yesterday – but the FTSE 100 still managed to make its biggest quarterly gain since 2013. The FTSE was down 118.39 points, or 1.7 per cent, at 6,773.04 by the close, but is up 3.2 per cent this year. Consumer staple stocks were responsible [...]
Richemont confirms talks with Yoox over Net-a-Porter takeover March 30, 2015 It turns out that Richemont, the private equity owner of Net-a-Porter, is in talks with Yoox, Net-a-Porter's Italian rival, over a possible "deal". The news follows rumours last week that Amazon was sniffing around the luxury shopping site, with a deal thought to be worth as much as €2bn (£1.47bn) on the cards. But today [...]