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Norfolk Southern (NSC) Stock Derails, Rejects Canadian Pacific's Takeover Bid, Jim Cramer's Take
2015-12-04 17:08:03| Railroads - Topix.net
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Suncor extends, but doesn't sweeten, hostile takeover bid for Canadian Oil Sands
2015-12-04 02:46:58| Oil & Gas - Topix.net
Oilsands giant Suncor Energy has extended its hostile takeover bid for its smaller peer Canadian Oil Sands until Jan. 8, but it hasn't sweetened the offer. The all-stock bid - worth nearly $4.5-billion based on Thursday's closing share price - was to have expired Friday.
Tags: oil
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canadian
extends
PMC accepts improved takeover bid from Skyworks
2015-11-02 09:43:00| Telecompaper Headlines
(Telecompaper) Chipmaker PMC-Sierra has accepted an improved all cash acquisition bid from Skyworks Solutions after determining that a rival cash and stock offer from Microsemi was inferior. Under the amended and restated merger agreement with Skyworks, the latter will pay USD 11.60 per share, an increase on the 5 October agreement of USD 11.50 per share. The amended agreement also provides for a USD 88.5 million termination fee, compared to USD 70 million in the first agreement. Microsemi had offered to acquire PMC for USD 8.75 in cash and 0.736 of a share of Microsemi common stock per share of PMC common stock. Microsemi then improved its offer to USD 9.04 in cash and 0.771 of a share, but the risk of a decline in Microsemi's share price would make its offer inferior. The boards of Skyworks and PMC have approved the amended merger agreement. Skyworks intends to fund the acquisition with cash on hand from the combined companies and with fully committed debt financing. The transaction is expected to close in the first half of 2016, subject to PMC shareholder approval, regulatory approval and other customary closing conditions.
Tags: improved
bid
accepts
takeover
The close: Oil sands takeover bid helps push TSX higher
2015-10-06 00:40:42| Oil & Gas - Topix.net
A specialist trader works at his post on the floor of the New York Stock Exchange Oct. 5. A specialist trader works at his post on the floor of the New York Stock Exchange Oct. 5. Canada's main stock index gained 1.6 per cent on Monday, with the energy sector invigorated by heavyweight Suncor Energy Inc's hostile bid for Canadian Oil Sands Ltd, a rival and co-producer. The Toronto Stock Exchange's S&P/TSX composite index closed up 212.46 points, or 1.59 per cent, at 13,552.20.
Will Woodside's takeover bid for Oil Search succeed?
2015-09-11 14:42:19| Oil & Gas - Topix.net
With his expansion plans outed, Peter Coleman boarded a flight from Perth to Sydney on Tuesday to start talks with Oil Search boss Peter Botten. His destination was Level 23, 1 Bligh Street in Sydney's CBD - the headquarters of Papua New Guinea focused oil explorer Oil Search where he hoped to meet boss Peter Bottena .
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