American Apparel approached on takeover December 22, 2014 FASHION retailer American Apparel yesterday confirmed it had received a takeover offer of between $1.30 and $1.40 per share. At $1.40 per share the company is valued at $267m (£171m). It comes just a week after the company let go of chief executive Dov Charney.
Mergers and acquisitions reach highest volumes since the financial crisis December 22, 2014 This year, mergers and acquisitions climbed to their greatest volumes since the height of the financial crisis. Worldwide, the takeover deals amounted to $3.34tn in value – a 47 per cent increase compared with 2013. The last time they amounted to more than this was in 2007. According to the Financial Times, the [...]
Aer Lingus rejects takeover bid by British Airways owner IAG December 18, 2014 Aer Lingus has rejected a takeover bid by International Consolidated Airlines Group (IAG), the latter said in a statement to the London Stock Exchange today. It confirmed an earlier report it had made a takeover bid for the company. IAG, the company behind British Airways and Spanish flag carrier Iberia, also said there was no certainty of [...]
Catlin share price soars 10 per cent on £2.5bn takeover approach from XL Group December 17, 2014 Shares in insurer Catlin whizzed up 10 per cent today after the group said it is in talks with XL Group over a possible takeover which would value it at $3.9bn (£2.5bn). XL Group would pay 410 pence per share in cash and 0.130 share for each Catlin shares, the Lloyds of London insurer said [...]
Tui Travel completes merger with its German parent company December 17, 2014 Tui Travel has completed its merger with its German parent company Tui AG. Tui AG shares will be admitted to the London Stock Exchange with effect from 8:00am. From today, Tui AG shares will also trade on the Frankfurt Stock Exchange. Dr Klaus Mangold, chairman of the supervisory board of Tui AG, said: Tui and [...]
Dixons Carphone merger “a year ahead of schedule” as profits rise 30 per cent December 17, 2014 Dixons Carphone has got off to a good start. Not only have high-street rivals Phones 4U and Comet bitten the dust over the course of 2014, but the merger seems to have gone well, with pro forma profit before tax up 30 per cent in its first interim results and synergies are way ahead of [...]
O2 or EE? BT to announce preferred mobile operator in £10bn takeover “early next week” December 15, 2014 Mobile operators EE and O2 will this week learn whether they have won the billions of British Telecom (BT) in a takeover deal. Update: BT has confirmed it has entered into exclusive talks with EE According to a report in The Sunday Times, BT has this weekend been finalising a deal one of [...]
BT opts for EE over O2 as it enters exclusive talks over takeover worth £12.5bn December 15, 2014 BT has confirmed that it has entered into exclusive talks with mobile operator EE, which has seemingly beaten its rival O2 to the £12.5bn takeover deal. The telecoms giant said that the period of exclusivity "will last several weeks" to allow the necessary negotiations to be completed. The deal would be paid through a combination [...]
Walgreen’s chief Greg Wasson to retire after Alliance Boots mega-merger December 10, 2014 US drugstore chain operator Walgreen has said its chief executive Greg Wasson will retire after the completion of its pending takeover of Alliance Boots, owner of the UK high street pharmacy Boots. Stefano Pessina, executive chairman of Alliance Boots, will serve as acting chief executive after Wasson steps down. “With the creation of Walgreens Boots [...]
Blackstone mulls £1.5bn takeover of drinks bottler December 7, 2014 US PRIVATE equity giant Blackstone Group is considering a £1.5bn takeover bid for Refresco Gerber, Europe’s largest soft drinks bottler, it emerged yesterday. The US investment specialist is among several interested parties weighing up bids for the Anglo-Dutch company. Blackstone’s private equity rival KKR and CVC Partners are also rumoured to be circling, with bids [...]