tldrdaily.news logo
Tag

Takeover Bid

All articles tagged with #takeover bid

business14 days ago

Warner Bros. Discovery Likely to Reject Paramount's Latest Bid

The Warner Bros. Discovery board is expected to reject Paramount Skydance's latest takeover offer, which is part of a broader industry contest involving Netflix, with WBD already having a deal to merge with Netflix valued at over $80 billion. Paramount's amended bid, which includes increased financing guarantees and a higher breakup fee, is unlikely to succeed unless Paramount raises its offer further, as WBD remains committed to its current strategic direction.

via Variety|
#business#merger#netflix
business21 days ago

Billionaire Battles and Hostile Bids Shape Warner Bros. Discovery's Future

Paramount's amended takeover offer for Warner Bros. Discovery was deemed insufficient by a major WBD shareholder, who called for Paramount to increase its incentives to compete with Netflix in the bidding war. Despite the new proposal including a $40.4 billion financing guarantee and increased breakup fee, WBD advised shareholders to hold off on action, as the core financial terms remained unchanged from a previous rejected bid.

via Deadline|
#bidding-war#business#paramount
business29 days ago

E.W. Scripps Rejects Sinclair's $622 Million Takeover Bid

E.W. Scripps' board unanimously rejected Sinclair's $622 million bid to acquire the company, citing it was not in the best interests of shareholders, though Scripps remains open to future proposals. Sinclair, which already owns 8.2% of Scripps, aimed to expand its broadcast footprint amid industry shifts, but Scripps has taken defensive measures like a poison pill to protect its interests.

via CNBC|
#business#ew-scripps#media-industry
business1 year ago

UniCredit's Bold $11B Bid for Banco BPM Sparks Controversy

Banco BPM is set to discuss UniCredit's unsolicited $11 billion takeover bid, which has unsettled the Italian government and complicated efforts to form a new banking group in Italy. UniCredit's CEO Andrea Orcel has long targeted Banco BPM, and the bid comes amid recent deals that could reshape the Italian banking landscape. The offer values Banco BPM at €10.1 billion, but analysts note the premium is limited. Banco BPM's investors include Credit Agricole, which may have increased its stake through equity swaps.

via Yahoo Finance|
#andrea-orcel#banco-bpm#business
business1 year ago

"MNC Capital Raises Acquisition Offer to $3 Billion for Vista Outdoor, Prompting Stock Surge"

Investment firm MNC Capital has increased its bid for Vista Outdoor, the owner of Remington ammunition, to $3 billion, raising concerns about national security due to a rival bidder, Czechoslovak Group. MNC's offer of $37.50 per share is 16% higher than Vista's stock closing price, and it has lined up financing for the offer. Vista rejected MNC's previous offer, preferring a planned breakup, but MNC argues that its new offer assigns more value to the nonfirearm division, Revelyst. The Czechoslovak Group's bid is under review by the Committee on Foreign Investment in the United States, while MNC, as an American firm, is not subject to such a review.

via The New York Times|
#ammunition#business#mnc-capital