The
takeover attempt arrives against the backdrop of a tax dispute with Tanzania, which claims Acacia owes $190bn (PS150bn) in back taxes.
The trading update comes as Provident continues to battle a hostile
takeover attempt by NSF.
Activist Fund Pursues Removal of SCOR CEO as Chairman Over Thwarted
Takeover AttemptRival Hammerson abandoned a PS3.4bn
takeover attempt last April, while a consortium led by John Whittaker's Peel Group, owners of Durham Tees Valley Airport, pulled out of a PS2.8bn bid in November.
The
takeover attempt of a listed firm is the second in the last one year fone by an American miller Seaboard Corporation to delist Unga Group via a takeover offer.
A rights agreement, which is used as an anti-takeover strategy in anticipation of a hostile
takeover attempt, is often referred to as a "poison pill." In early trading, RPM International shares are up 97c, or 1.5%, to $64.90.
The pending announcement - expected today - is the result of a months-long review of its dualheaded legal structure in the UK and Netherlands, which was part of a rethink of the business following a hostile
takeover attempt by Kraft Heinz last year.
" The botched
takeover attempt from Stonegate leaves the door open for Deltic, which is now expected to reignite its interest in a merger with Revolution.
Ofcom told the Secretary of State that the
takeover attempt raised "public interest concerns" and she could refer the deal to the Competition and Markets Authority (CMA) for a fuller investigation on the grounds of media plurality.
Eustaquio Bersamin had asked a special task force composed of policemen and army soldiers to secure the capitol, fearful that a
takeover attempt could escalate tension in the province, which was placed under the control of the Commission on Elections.
in 2005 the board of directors of the targeted company tried to issue massive warrants to Fuji TV without their shareholders' consent in order to foil the
takeover attempt. Furthermore when Oji Paper Co.