Monday 24 July 2017
 
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takeover

BAT agrees to acquire Reynolds for $49 billion

British American Tobacco (BAT) has agreed a takeover of Reynolds American, the maker of Camel and Newport cigarettes, for a consideration of $49.4 billion to acquire the remaining 57.8 per cent of Reynolds not already owned by BAT.

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21st Century Fox to buy Sky for $14.6 billion

21st Century Fox, the international film and television giant, has agreed to buy British broadcaster Sky, the owner of Sky News, for GBP11.7 billion ($14.6 billion). Rupert Murdoch’s Fox already owns just over 39 per cent of

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SABMiller investors cheer $100bn AB InBev takeover

SABMiller shareholders overwhelmingly backed the brewer's $100 billion-plus takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. The combined group wi

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Bondholders to take control of Kurdish oil firm Gulf Keystone

Kurdish oil producer Gulf Keystone will be taken over by its bondholders, including distressed-debt funds, after the firm proposed to swap $500 million of debt for shares, effectively wiping out its equity shareholders.  

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Hershey rejects $23bn Mondelez takeover offer

Hershey Company has rejected a $23 billion takeover bid by Mondelez International that would seek to expand the latter's limited US footprint and create the world's largest confectioner.   The snub unders

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AirAsia receives $1bn offer for leasing unit: report

Asia's largest budget airline AirAsia has received a $1 billion offer for its aircraft leasing unit, Bloomberg News quoted chief executive Tony Fernandes as saying. AirAsia intends to divest the business, Asia Aviation Capital

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EQT emerges as preferred party to takeover Kuoni

Kuoni Group's board of directors has confirmed that Swedish private equity group EQT has emerged as the preferred party from a competitive process regarding a potential takeover offer for the group and other strategic options.

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Shell investors back $50 billion BG takeover

Royal Dutch Shell shareholders approved its $50 billion takeover of BG Group on Wednesday, clearing the last main hurdle to creating the biggest liquefied natural gas (LNG) trader in the world. BG shareholders are also expected to

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Kuoni Group confirms takeover approaches

The Board of Directors of Kuoni Group, a leading global travel and destination management services company, has released a statement confirming recent media speculations around a potential takeover of the company. In the statement

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Kuwait's Viva says STC offer not fair

The board of Kuwait's Viva is advising shareholders that the pricing of a takeover offer from Saudi Telecom Company is not fair, but it is up to shareholders to decide whether to sell their shares, Viva said on Tuesday. Saudi

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