Group items tagged

"A takeover bid of A$1.7 billion ($1.74 billion) by a virtually unknown UK-based private equity fund for acquiring David Jones, Australia's second largest department store chain, has been withdrawn. After surging 15 percent, its shares slipped back 8.5 percent. "

"The bid of Beiing-based Superior Aviation for acquisition of Hawker Beechcraft can still be surpassed by other bidders, as per Wichita bankruptcy attorney Bill Zimmerman. "

"Glencore International Plc's 16.9 billion pound ($26.4 billion) bid for the rest of Xstrata Plc was opposed by the Qatar Holding LLC, the second-largest shareholder in Xstrata asking for the bid to be increased by 16 percent."

"Richard Schulze, the founder of Best Buy, is trying to take the struggling electronics retailer private by working out a bid for the purpose. He is negotiating with Credit Suisse bankers to put up the bid. He is the retailer's largest shareholder with a stake of 20.1 percent. "

"Petronas, Malaysia's state oil company, has offered to acquire its Canadian joint- venture partner, Progress Energy Resources by making a friendly bid of C$4.8 billion ($4.7 billion), amounting to C$20.45 a share."