Metso investor opposes Weir’s merger offer April 1, 2014 ENGINEERING firm Weir yesterday confirmed it had approached Metso with a merger plan, but one of the Finnish rock-crushing firm’s top investors has already threatened to scupper a deal. Glasgow-based Weir’s shares slipped on confirmation of the proposal, while shares in Metso soared by a fifth on hopes of a multi-billion pound tie-up. “Metso is [...]
BHP Billiton reacts to demerger speculation April 1, 2014 BHP Billiton has issued a statement in response to so-called “market speculation” about its decisions on simplifying its portfolio. The response comes after the Australian Financial Review reported that the miner has been weighing up different options for over a year, including spinning off non-core assets, in a move that could see a new $20bn [...]
Caracal unveils £1.08bn merger with TransGlobe March 17, 2014 AFRICA-FOCUSED oil explorers Caracal Energy and TransGlobe yesterday said they have agreed to a $1.8bn (£1.08bn) merger, which will create the third largest independent oil producer in Africa. The deal will expand FTSE-listed Caracal’s reach beyond Chad into Yemen and Egypt and add a lower-risk drilling programme to its portfolio. The newly merged company will [...]
Bottom Line: A merger of egos could be difficult to seal February 24, 2014 AS THE world’s telecoms bigwigs gathered in Barcelona for Mobile World Congress yesterday, something was afoot much closer to home. Forced to reveal much earlier than planned that they were in “very preliminary” talks over a potential merger, Carphone Warehouse and Dixons quickly became the FTSE 250 darlings – climbing almost nine and seven per cent respectively. [...]
Dixons announces Carphone Warehouse merger talks February 24, 2014 Following recent speculation over a move, high street retailer Dixons has announced that it and Carphone Warehouse are in "preliminary discussions" over a possible merger. That's one way for Dixons to take a step into the mobile sector, something it's been looking to do for a while now. Shares in Carphone Warehouse and Dixons have [...]