takeover attempt

French activist fund CIAM will ask reinsurance company SCOR's CEO Denis Kessler to surrender the chairmanship of the company's board after he thwarted a takeover attempt earlier this year.

Intu - which owns 17 centres across the UK and three in Spain - had a torrid 2018 following two failed takeover attempts amid tough trading conditions for retailers.

The group fended off a $143bn (PS115bn) takeover attempt from Kraft Heinz last year, after which it offloaded its spreads business for [euro]6.8bn (PS6bn) to KKR.

In particular hostile takeover attempts have mostly failed and the number of hostile takeovers remains very low.

THE man behind a failed takeover attempt of the Sky Blues claims he wants to secure a 50 per cent stake in the Ricoh Arena - but his latest interest seems unlikely to succeed.

Meda's biggest owner is Stena Sessan Rederi AB, controlled by the Olsson business family, which owns 22.7% of shares, an amount considered sufficient to block any takeover attempt.

Lionsgate has agreed to pay $7.5 million and admit wrongdoing to settle SEC claims that the studio failed to disclose all information about its efforts to block the takeover attempt. The actions that drew the fine boiled down to maneuvers that allowed board member Mark Rachesky to buy enough Lionsgate shares to dilute Icahn's stake and block him from majority control.

The EC on Wednesday said Ryanair's third takeover attempt of Aer Lingus, worth $904 million, would be blocked because consolidation would harm air travelers by creating a monopoly of 46 regional routes.

The latest details emerging at press time focus on Vulcan's response to the takeover attempt.

The group, which resisted a takeover attempt from a consortium in June, looked at the relative merits of owning both a parts and car retail business - but has now decided to expand by acquisitions rather than trying to initiate a sale or partial break-up.

This, however, was offset by an increase of $421,000 spent on advisory and consulting services, partly to fight off a takeover attempt by a large activist shareholder, and partly to consider strategic automotives including possible sale of the company.

(Elmira, N.Y.), which itself is in the midst offending off a takeover attempt by Brazilian builder Romi (see pl).

Landmarc, a joint venture between Britain's Interserve and America's CSC, the FTSE 100 giant Serco, and, VT Group, which is currently the subject of a takeover attempt, are in the running for the contract.

Yesterday's meeting at the Fleet Street offices of the 'Magic Circle' law firm Freshfields Bruckhaus Deringer was about gauging support for the audacious takeover attempt.

Summary: Tony Fernandes claims he has been approached by several clubs seeking investment following his failed takeover attempt at West Ham.