All articles tagged with #hostile takeover
Paramount has increased its hostile takeover bid for Warner Bros. Discovery, with Larry Ellison personally guaranteeing $40 billion of the $78 billion deal, amidst ongoing rejection from WBD's board and competition from Netflix. The bid includes a higher breakup fee and transparency about Ellison's family trust, but WBD's board and shareholders remain cautious, with the deal's future uncertain.
Warner Bros. Discovery's board recommends shareholders reject Paramount's hostile $108 billion takeover bid, favoring instead a deal to sell assets to Netflix, which they consider more advantageous. Paramount has not increased its offer and remains committed to the deal, while other bidders and negotiations continue in the competitive media landscape.
Warner Bros. Discovery plans to reject Paramount's hostile takeover bid due to concerns over financing and terms, favoring its existing agreement with Netflix, and is likely to urge shareholders to reject the offer, with the situation still evolving.
Affinity Partners, linked to Jared Kushner, has withdrawn from Paramount's bid for Warner Bros. Discovery, as the company prepares to reject Paramount's $30-a-share offer, raising questions about the deal's viability and funding sources amid regulatory and strategic considerations.
Rumors suggest that Kadokawa, the owner of FromSoftware, may have approached Sony to prevent a hostile takeover by South Korean conglomerate Kakao. Kakao, known for its messaging app and entertainment ventures, has been increasing its stake in Kadokawa since 2020 and is now its largest shareholder. This move comes amid concerns over Japan's new law allowing hostile takeovers, making companies like Kadokawa vulnerable. The situation highlights the complex dynamics between Sony, Kadokawa, and Kakao, with potential implications for the gaming industry.
Choice Hotels is launching a hostile takeover bid for Wyndham Hotels & Resorts after failed attempts to reach a deal. The offer, valued at about $8 billion, includes $49.50 in cash and 0.324 shares of Choice common stock per Wyndham share. Choice CEO Patrick Pacious expressed a preference for a negotiated agreement but stated that the refusal of Wyndham's board to engage left them with no choice. Choice will be meeting with Wyndham shareholders and starting the regulatory approval process. Wyndham's board will evaluate the offer and determine the best course of action.
Choice Hotels is launching a hostile takeover bid for Wyndham Hotels & Resorts after being repeatedly rebuffed in its attempts to reach a deal. The offer, valued at about $8 billion, includes $49.50 in cash and 0.324 shares of Choice common stock per Wyndham share. Choice Hotels CEO Patrick Pacious expressed a preference for a negotiated agreement but stated that the Wyndham Board's refusal to engage left them with no choice. Choice Hotels will be meeting with Wyndham shareholders and starting the regulatory approval process. The exchange offer expires on March 8, 2024, and Choice Hotels is committed to completing the transaction within a year.
Choice Hotels is making a hostile takeover bid for Wyndham Hotels & Resorts after its previous attempts for a friendly deal were rejected. Choice Hotels has unveiled an exchange offer for Wyndham stock, directly appealing to its rival's shareholders. Wyndham argues that the deal would burden the combined company with excessive debt.
Choice Hotels has proposed a $7.8 billion hostile takeover of Wyndham Hotels & Resorts, aiming to acquire the company and its brands such as La Quinta and Ramada. The potential deal comes as competitors like Marriott and Hilton enter the more affordable end of the hotel market where Choice and Wyndham have significant market share. Choice Hotels CEO Patrick Pacious believes the acquisition would accelerate both companies' long-term organic growth strategies and benefit franchisees, shareholders, associates, and guests. The combined company would offer a rewards and loyalty program on par with Marriott and Hilton, and provide customers with more options within the Choice-Wyndham ecosystem.
The Busch family, known for their iconic beer brand Anheuser Busch, has a scandalous history filled with marriages, divorces, deaths, and boardroom sagas. From the charismatic former chairman Augustus 'Gussie' Busch Jr to the tragic suicide of August Anheuser Busch Sr, the family dynasty faced numerous challenges. The family's control over the empire was ultimately lost in a 2008 hostile takeover. Despite their once-dominant position in the brewing industry, recent controversies and marketing missteps have led to a decline in the brand's popularity.