British Energy poised to recommend EDF's 10bn bid offer Jun 9, 2008
Banking sources said at the weekend that rival bidders for Scottish-based British Energy, which include ScottishPower-owning Iberdrola of Spain, and German group RWE, are now unlikely to table a firm offer. Iberdrola declined to comment yesterdayADVERTISEMENT, and RWE was not immediately available. (Scotsman)
Cable & Wireless sets deadline for Thus offer Jun 7, 2008
C&W said that it would either make a firm offer, or withdraw, by 5pm on June 30. The group said that it is disappoi 00004000 nted that Thus had snubbed the proposal but wanted to avoid an extended process of trying to persuade the company to enter discussions. (Times Online)
Expro supports Candover bid but talks to Halliburton Jun 3, 2008
Expro said that since there can be no certainty that Halliburton will make a firm offer, it still recommends unanimously that shareholders vote in favor of resolutions relating to a 1,550 pence per share offer from the Umbrellastream consortium, led by the U.K. private equity firm Candover. Halliburton last week made a bid proposal of 1,525 pence a share, or GBP1. (MarketWatch)
Manager role isn't for everyone Jun 2, 2008
Until you have a firm offer with a starting date, continue your job search. That way, if this position does disappear, you won't have missed other opportunities. (Pittsburgh Post-Gazette, PA)
Maybe you're not manager material May 31, 2008
Until you have a firm offer with a starting date, pass the time by continuing your job search. That way, if this position disappears, you won't have missed other opportunities. (Atlanta Journal-Constitution)
InBev Takeover Might Mean Bitter End for Budweiser: David Pauly May 31, 2008
If InBev does come calling with a firm offer, you wonder about the response of , Anheuser-Busch chief executive officer since December 2006, and of , who ran the brewer for 27 years and is still a director. Anheuser directors and officers own 4. (Bloomberg -- Columnists)
Cable & Wireless shocks investors with Thus move May 29, 2008
C&W said it had not made a firm offer and there is no certainty it will. advertisement. (Telegraph.co.uk)
Wall Street Needs A Holiday May 25, 2008
Expro said the deal is not considered a firm offer, but it still prompted a consortium led by private-equity firm Candover and Goldman Sachs (nyse: - - ) to raise its April 17 1. 6 billion pound ($3. (Forbes -- Markets)
Brutal Week For Wall Street May 24, 2008
Soaring oil prices set the week's tone on Wall Street, and minutes from the Federal Reserve's latest monetary policy meeting jarred investors who had been hoping the economy might be headed for better days ahead. After its largest five-day loss in months, the market gets a long weekend for the Memorial Day holiday to lick its wounds. (Forbes -- Markets)
Sonny warns NRL to relax rules or lose stars May 23, 2008
But the 22-year-old Kiwi also said there was no firm offer on the table from rugby union and admitted he didn't think any player was worth the type of money he had been touted as being able to command in Europe. Asked about a possible switch of codes, Williams said: "I'm a sportsman and I definitely see it as a challenge, the whole rugby union thing. It's also about opportunity and I see rugby as an opportunity. If I did decide to do that, there would be a lot of goals I could try to achieve.... (Sydney Morning Herald -- Sport)
EU market hopes add to Illovo's appetite for Africa May 22, 2008
Hannes Muller, the provisional liquidator for Nationwide, has been "inundated" with inquiries from would-be buyers, but has only one firm offer on the table. He will not proceed with this until he has proof that sufficient funds are available. (Business Report, South Africa)
British Energy Group reports several takeover proposals; shares rise more than 6 percent May 16, 2008
British Energy did not indicate whether the offers were cash or share, and added standard warnings under the takeover code that there was no certainty of a firm offer being made. Today in Business with Reuters. (International Herald Tribune -- Technology)
Kazakhmys: ENRC had been considering low ball informal approach for weeks, may walk away May 13, 2008
It would look strange if the company was able to make an increased firm offer within a week, the source said. ENRC held a board meeting this week at which numerous possible M&A transactions and capital expenditure projects were discussed. (FT.com -- Markets)
British Energy shares fall as auction attracts little interest May 10, 2008
He reiterated the group's stance: "We are examining opportunities in the UK market." Other bidders are thought to be biding their time until EDF sets a threshold by tabling a firm offer before making their moves. The French group also confirmed yesterday that it had bought plots of land next to reactors in Hinkley Point and Wylfa to position itself in case it loses out on British Energy. (Independent)
VA OLB takes campus tour May 8, 2008
Another Virginia junior standout made his way to campus last month for a spring practice and the result of the trip was a firm offer. Who is the newest Maryland target and what are his thoughts about the developing recruiting process. (Richmond Sports -- Rivals.com)
Bharti Airtel in talks with South African group May 7, 2008
Bharti Airtel, the largest telecommunications company in India, cautioned Tuesday that its discussions with MTN Group, a Johannesburg-based company that operates cellphone systems in Africa and the Middle East, had not yet led to a firm offer for MTN.. Already, however, analysts and investors are speculating about who might emerge as a rival bidder to Bharti, should that company decide to go ahead with an offer for all or part of MTN. Some of them put Chinese telecommunications companies at the... (International Herald Tribune)
BHP in ongoing talks with EU over Rio takeover May 3, 2008
The fact that BHP, the world's biggest mining group, has not yet filed papers with the EU nearly three months after making a firm offer for Rio did not indicate there were any problems, BHP spokesman Illtud Harri said. "You have ongoing discussions with the commission about what information they want, how they want it, and at some point you have to file, but it's an ongoing process," he said. (International Herald Tribune)
Australia in a quandary over British bid for Origin Energy May 2, 2008
If BG makes a firm offer, it could pose a dilemma for the government, which could block the bid if it deemed it against the national interest. Given that a takeover by BG could lead to a significant rise in the price of gas for domestic customers, the Labor Party government of Kevin Rudd will be caught between its commitment to open markets and the risk of provoking discontent in a significant part of its core constituency. (International Herald Tribune -- Business)
How To Stop Credit Offers May 2, 2008
Learn More Here - CBS News. Sick Of The Temptation Of Pre-Approved Cards. (CBS News -- Evening News)
Group offers $592M for Saxon Apr 22, 2008
Nevertheless, a special committee of Saxons's board has been set up to negotiate with the takeover group and the company said "no assurance can be given that these discussions will lead to any firm offer being made to acquire Saxon.". The exclusive negotiations will continue until May 5. (London Free Press)
Tupou in contract danger as talks stall Apr 18, 2008
Tupou is waiting for the Roosters to come forward with a firm offer. But the Sea Eagles are not prepared to wait much longer, and chief executive Grant Mayer suggested the club could have to move on in the next week. (Sydney Morning Herald -- Sport)
Roosevelt end has high UM interest Apr 17, 2008
This Eleanor Roosevelt High School end recently sent film to the Terps coaches and followed that with a Top Junior Day visit this month as he hopes to get closer to a firm offer. TT has the latest. (Maryland Sports -- Rivals.com)
The Daily Break Apr 17, 2008
A firm offer, commitment, and partnership can result in greater prosperity and a brighter future. Proof you can make anything sound sexual. (Daily Iowan, IA)
Finch set to spread wings Apr 14, 2008
" Parramatta are struggling to find enough room under their salary cap for Finch, who was the players' player in the Eels' loss to the Gold Coast on Friday night and one of the favourites to play halfback for NSW in the State of Origin series. He could command as much as $350,000 per season on the open market because of the dearth of off-contract playmakers. One solution is releasing hooker Mark Riddell from the final year of his contract so he can play in the UK Super League after this season.... (Sydney Morning Herald -- Sport)
ENRC given ultimatum on 20bn Kazakh mining deal Apr 12, 2008
Eurasian Natural Resources, the diversified Kazakh miner, has been given a month to make a firm offer for copper miner Kazakhmys or walk away from a potential deal for six months, the Takeover Panel said today. The company first said it was exploring a possible offer for its domestic rival in February and as recently as Wednesday stated it was continuing to evaluate "a possible combination" with Kazakhmys. (Telegraph.co.uk)
Suitors circle endangered St. Francis Hospital Apr 9, 2008
One suitor is Transition Healthcare LLC, a Chicago-based startup that produced the only firm offer to buy the hospital since SSM began marketing it nearly two years ago, the SSM spokesman said. But that deal fell through last month after the firms private equity backing pulled out. (Crain's Chicago Business)
Winnin' Time Apr 6, 2008
" Asked about the hiring process, Montgomery said it didn't take long. There were lengthy conversations Thursday in San Antonio, and he closed the banter on other jobs sometime between then and Friday afternoon, when he flew back to the Bay Area and signed the contract to replace Ben Braun, fired last week after 12 years at Cal. Montgomery said he never talked to Indiana, which had an opening that ESPN reported was his if he wanted it. He said he had one firm offer - presumably Loyola Marymount... (San Francisco Chronicle -- Sports)
Bid deadline given for Friends Apr 5, 2008
US private equity firm JC flowers has been given a deadline to make a firm offer for UK insurance firm Friends Provident or leave it alone. JC Flowers must set out its intentions either way by 30 April under a Takeover Panel ruling secured by Friends. (BBC News)
Huskers offer defensive tackle Mar 23, 2008
His season drew the attention of the Nebraska coaching staff and they have made him a firm offer, but is he interested. (To continue reading this article you must be a subscriber. (Nebraska Sports -- Rivals.com)
British Energy reveals talks that 'could lead an to offer' Mar 18, 2008
British Energy reveals talks that 'could lead an to offer' - Scotsman (Scotsman)
PDL stops sale, will cut 260 people Mar 6, 2008
"Although we garnered significant interest regarding certain of our pipeline programs, we did not receive a firm offer for the company as a whole or for our biotech R&D assets," PDL Chairwoman Karen Dawes said in a prepared statement. The decision brings to a close a soap opera that began almost a year ago, when hedge fund and its manager, Daniel Loeb, started agitating PDL management to show tangible results for shareholders. (San Francisco Business Times, CA)
FKI opens books after Melrose ups bid to 500m Mar 6, 2008
The private equity group Blackstone, which has been running the slide rule over FKI in the past few months, is yet to make a firm offer. The company is understood to still be considering an approach, although it declined to comment yesterday. (Independent)
PDL BioPharma to cut 260 more jobs, stop search for buyer Mar 6, 2008
"Although we garnered significant interest regarding certain of our pipeline programs, we did not receive a firm offer for the company as a whole or for our biotech R&D assets," PDL Chairwoman Karen Dawes said in a prepared statement. Related Industry News. (San Jose Business Journal, CA)
Bulldogs press ahead with bid for Folau Feb 27, 2008
The Bulldogs are the first club to admit they have made a firm offer to Folau, although they are far from alone in their pursuit of the 18-year-old, with his manager, Isaac Moses, confirming interest from "eight or nine" other clubs. The Herald has been told he is already entertaining extravagant offers, including one of more than $1. (Sydney Morning Herald -- Sport)
Clark 'disappointed' with D-Backs Feb 25, 2008
But the market moved slowly this winter, and despite a handful of teams that Clark said had expressed interest in him early in the free agent process, none came forward with a firm offer. Clark now has no doubt the offer the Diamondbacks made was fair. (AZCentral -- Sports)
The chosen one Feb 24, 2008
We said we'd worry about the contract later and he knocked back what was a legal, firm offer for substantially more money in place of a gentleman's agreement. That was great. (Sydney Morning Herald -- Sport)
Drurys return overshadowed by playoff race Feb 23, 2008
It doesnt matter that the Sabres didnt make Drury a firm offer until the final week before free agency. Drury was so two-faced during the process that he made me forget how much I liked him in Buffalo, said Mike Mannella, a longtime Sabres fan. (MSNBC -- Sports)
From crock to rock Feb 10, 2008
A new deal has been mooted but no firm offer will be finalised until the end of the season. "I want to stay at Liverpool and I'm going to be working hard to get another contract," Kewell said. (Sydney Morning Herald -- Sport)
Rio urges shareholders to take no action on BHP bid Feb 10, 2008
"BHP Billiton's announcement is not a firm offer for your shares or ADRs," he said in his letter to shareholders. "There is currently no formal offer for you to consider. You do not need to take any action.". (International Herald Tribune -- Business)
Take no action on BHP offer, Rio says Feb 10, 2008
"Our plans are unchanged, and will remain so unless a proposal is made that fully reflects the value of Rio Tinto. "We are forging ahead with our strategy of operating and developing large-scale, long-life, low-cost assets to generate significant value for shareholders," it said. Rio said the boards believe that the company is poised for exceptional growth. "Rio Tinto is ideally positioned to supply the world's increasing raw materials demand and to continue to create and deliver value for our... (The Age)
Lincecum glad to be here; just ask him Feb 10, 2008
where Toronto trains because the Giants had a firm offer in December to send him to the Blue Jays for All-Star outfielder Alex Rios. After a week of playing "deal or no deal" in his mind, general manager Brian Sabean elected not to deal the 23-year-old right-hander, who won seven games and struck out 150 batters in 1461/3 innings as a rookie in 2007, one year after his first-round selection in the draft. (San Francisco Chronicle)
Katrina-damaged office tower doubles as All-Star billboard Feb 9, 2008
No potential purchase price has been revealed, but the district has been authorized to make a $50,000 deposit if a firm offer can be reached with the Centre's owner, Hertz Investment Group of Santa Monica, Calif. A final decision on a possible deal would be made by Gov. Bobby Jindal. (WWLTV.com, LA)
Waldron Willing to Work Feb 8, 2008
Neither Oregon or Oregon State could come up with a firm offer, but Portland State did and Waldron decided that he'd take the Vikings up on it when he signed his LOI on Wednesday. (To continue reading this article you must be a subscriber. (BYU Sports -- Rivals.com)
Australian concern at China deal Feb 6, 2008
BHP must make a firm offer for Rio by 6 February or shelve plans for six months. Rio Tinto had asked the UK's Takeover Panel to force BHP to formalise its all-share bid, worth around $140bn. (BBC News -- Business)
Alcoa invites itself into battle for Rio Tinto Feb 4, 2008
The move comes days before a regulatory deadline Wednesday for BHP to make a firm offer for Rio or walk away. But an Alcoa spokesman, Kevin Lowery, said no conclusions should be drawn from the timing of the announcement. (International Herald Tribune -- Business)
Alcoa, Chinese Rival Buy 12% of Rio Tinto Feb 4, 2008
Alcoa (AA) and Aluminum Corp. of China, also known as Chinalco, described the acquisition as a "strategic stake" and said they don't currently intend to launch a bid for Rio (RTP), but reserved the right to change their mind if a third party made a firm offer. Rio has been in play since late 2007, when rival BHP Billiton (BHP) proposed a takeover through a three-for-one share swap. (SmartMoney)
Chinese 'prepare for battle' over Rio Feb 3, 2008
The move could effectively thwart BHP Billiton's $A145 billion-plus takeover bid for Rio shortly before Wednesday's regulatory deadline for BHP to make a firm offer. Chinalco said in a statement they did not currently intend to make an offer for the whole of Rio, but reserved the right to do so if another party made a firm bid. (Sydney Morning Herald -- World)
Chinalco, Alcoa threaten BHP bid Feb 3, 2008
The move could effectively thwart BHP Billiton's $145 billion-plus takeover bid just days before the regulatory deadline for BHP to make a firm offer. BHP's current offer for Rio of about three BHP shares for each Rio share would create a $300 billion-plus mining giant, the world's biggest - giving it a massive controlling force across a range of commodities such as copper, aluminium, iron ore and coal. (Sydney Morning Herald -- Business)
China takes a stake in Rio Tinto Feb 2, 2008
The move comes just before a 6 February deadline for BHP to make a firm offer for Rio or shelve plans for six months. "On its own, 12% may not be enough to block BHP if it really wants to go after Rio, but it certainly can throw a wrench into its plans," said James Wilson, an analyst at DJ Carmmichael. (BBC News -- Europe)
Copper prices slip on U.S. data Feb 2, 2008
Chinalco's move comes days ahead of the deadline for BHP Billiton, the world's biggest miner, to make a firm offer for Rio Tinto or to drop its proposed takeover. Base metals markets are avidly watching as any mergers or takeovers could boost pricing power. (Globe and Mail -- Business)
China buys Rio stake, threatens BHP plan Feb 2, 2008
34 billion) - and comes days before a regulatory deadline on Wednesday for BHP to make a firm offer for Rio or walk away. Chinalco and Alcoa said they had bought a 12 per cent stake in Rio's London-listed shares giving them a holding of over nine per cent, including Rio's Australian listed shares. (Sydney Morning Herald -- Business)
FREE: Auburn wrapping up '08 class Feb 2, 2008
The loss of Baker could prompt Auburn to make a firm offer for Lipscomb who is this weekend. Lots of skill. (Auburn Sports -- Rivals.com)
China firm, Alcoa buy stake in Rio Feb 2, 2008
The US$14bil move by state-owned Aluminum Corp of China (Chinalco), the country's biggest ever investment overseas, comes days before a regulatory deadline on Wednesday for BHP to make a firm offer for Rio or walk away. Rio has rejected a three-for-one all-share offer from BHP, worth about US$123bil at current prices. (The Star Online, Malaysia -- Business)
Alcoa, Chinese partner to buy 12% of Rio Tinto Feb 1, 2008
Aluminum Corp. of China's (Chinalco) $14-billion (U.S.) move comes days before a regulatory deadline next Wednesday for BHP to make a firm offer for Rio or to walk away ... 7-billion in synergies, had until Feb. 6 to make a firm offer for Rio Tinto or to drop its proposed takeover for six months under a deadline imposed by U.K. takeover regulators. (Globe and Mail -- Business)
Rio raid threatens BHP Feb 1, 2008
Chinalco and Alcoa said they did not currently intend to make a full takeover offer for Rio, but they reserved their rights to purchase more Rio shares within the next six months if BHP or another party made a firm offer for Rio. The motive for the purchase remained unclear last night. (Sydney Morning Herald -- Business)
Chinalco, Alcoa buys into Rio Tinto Feb 1, 2008
The move could effectively thwart BHP Billiton Ltd's $145 billion-plus takeover bid, just days before the regulatory deadline for BHP to make a firm offer ... 7 billion in synergies, has until February 6 to make a firm offer for Rio Tinto or to drop its proposed takeover for six months under a deadline imposed by UK takeover regulators. (Sydney Morning Herald -- Business)
Nylex slumps after privateer withdraws Jan 29, 2008
On Friday after the market had closed, Nylex announced that CHAMP Private Equity had told it that CHAMP would not be making a firm offer on the terms of an indicative proposal made on November 23, 2007 ... Nylex had given CHAMP until January 25, 2008 to submit a firm offer. (Sydney Morning Herald -- Business)
Three star QB leaves Ole Miss impressed Jan 28, 2008
left Nutt's office Sunday morning with a firm offer in hand, but Stanley also has a lot of other offers and two more official visits planned. Go inside to read the Rebels' chances of landing Stanley. (Ole Miss Sports -- Rivals.com)
Sinosteel lifts stake but Midwest does not expect hostile offer Jan 27, 2008
A DJ Carmichael resource analyst, James Wilson, said it would not be a surprise if Sinosteel returned with a firm offer. "These things change on a daily basis," he said. (Sydney Morning Herald)
Scottish & Newcastle Agrees To 7.8bn Takeover Offer Jan 25, 2008
Carlsberg and Heineken had originally been given a deadline by the Takeover Panel of midday on Thursday to make a firm offer - effectively to "put up or shut up". That was subsequently extended by 24 hours. (Sky News)
Sinosteel in box seat for Midwest battle Jan 25, 2008
Welcome to The Sydney Morning Herald. January 25, 2008 - 6:01PM. (Sydney Morning Herald -- Business)
Sinosteel 'backs off' Midwest takeover Jan 25, 2008
Sinosteel in box seat for Midwest battle - Breaking News - Business - Breaking News. Sinosteel in box seat for Midwest battle. (The Age)
Tropicana rehires president as adviser Jan 17, 2008
Stein said another firm offer for the Tropicana was received in the last few days, coming in at $950 million - a $100 million more than the offer from Colony Capital LLC, which already owns the Atlantic City Hilton Casino Resort and Resorts Atlantic City. He would not identify the bidder. (Anchorage Daily News)
Nylex gives predator more time for info Jan 15, 2008
"Nylex has agreed to CHAMP's request for an extension to January 25, 2008 to submit a firm offer to the board of Nylex for its consideration," Nylex said. "There can be no assurance that any transaction will result, or as to the final terms of any offer, including price.". (Sydney Morning Herald -- Business)
Game Over for Tomb Raider boss Jan 13, 2008
This weekend, sources close to the company told The Sunday Times that the board never actually received a single firm offer. The shares tanked from highs of 520p in July 2007 to close at 68p on Friday. (Times Online)
