Saturday 27 December 2014
 
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takeover

‘Too early to know shareholder intentions on Qatari bid’: Songbird

Songbird Estates, the subject of a 2.6 billion pound ($4 billion) hostile takeover bid from a Qatari-led group, said it was too early to speculate on the intentions of the majority of its shareholders. The company, the owner of Lo

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Canary Wharf worth $4.4bn more than takeover offer

Songbird Estates, the majority owner of London's Canary Wharf, said an upturn in property markets means it is now worth 2.82 billion pounds ($4.42 billion), more than the takeover offer from Qatar Investment Authority (QIA) and Brookfield Pr

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Facebook wins EU nod for $19 billion WhatsApp bid

Facebook, the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry. The la

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Roche plans to steer clear of big acquisitions

Roche plans to steer clear of the wave of big takeovers sweeping through the healthcare industry and focus instead on small acquisitions and partnerships, the Swiss drugmaker's chief executive said in an inte

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India regulator issues notice to Etihad on Jet deal

India's market regulator has issued a show-cause notice to Etihad Airways, asking whether the Abu Dhabi-based carrier violated takeover rules in acquiring a 24 percent stake in Jet Airways, a source with direct knowledge of the matter said.

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Al Futtaim offers $86m for Kenyan car retailer

Dubai-based conglomerate Al Futtaim Group is eyeing its first investment in sub-Saharan Africa with an offer worth $86 million to take full control of Nairobi-listed car retailer CMC Holdings. Al Futtaim will offer 13 shillings ($

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Schneider agrees $5.2bn takeover of Invensys

France's Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds ($5.2 billion) to strengthen its high-margin industrial automation business and win more custom in the fast-growing energy sector.

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Target shortage feeds desperate Mideast telco M&A

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own) A scarcity of takeover targets is feeding a desperate scramble in Middle East telecoms M&A. Bahrain's incumbent operator Batelco is eyei

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Qatar eyes $12bn Marks and Spencer bid?

Qatar's sovereign wealth fund is seeking partners to launch an 8 billion pound ($12.10 billion) bid for British retailer Marks & Spencer, the Sunday Times reported, citing senior City sources. Marks & Spencer, a FTSE 1

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NBB plans to acquire Bahrain Islamic Bank

The National Bank of Bahrain (NBB) is likely to acquire the loss-making Bahrain Islamic Bank (BisB) and give itself an Islamic finance arm, said a top official. "We are in talks with BisB and we expect to make an announcement

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