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Archer Daniels has made takeover approach to Bunge: WSJ

“(Reuters) – Agricultural trader Archer Daniels Midland Co made a takeover approach to rival Bunge Ltd , the Wall Street Journal reported on Friday, citing people familiar with the matter. http://on.wsj.com/2mSY8L0 Archer Daniels’ move comes after London-based Glencore made an informal approach to Bunge last year to discuss “a possible consensual business combination”” reports businessinsider.com. Bunge’s shares closed up 11 percent at $77.56 on Friday and had a market cap of $9.79 billion. Source: businessinsider.com Share This:

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Ashley says there is no Newcastle deal with Staveley and rails at ‘waste of time’

“The Newcastle owner, Mike Ashley, has issued an explosive statement denying that there is a deal from the businesswoman Amanda Staveley to buy the club via her company PCP Capital, or that discussions are even being held with her” writes David Conn for theguardian.com. In December Staveley was in the media again in connection with the mooted takeover of Newcastle, photographed with the tycoon Richard Desmond, meeting Ashley at an Indian restaurant in Hampstead. Source: theguardian.com Share This:

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Qualcomm stock rises after Instinet upgrades to buy

“AAPL, +1.01% “This would likely come as the strongest counter to Broadcom’s attempt to buy the company,” Shah wrote” writes Emily Bary for marketwatch.com. QCOM, +3.15% rose 2.9% in Tuesday morning trading after analysts at Instinet upgraded the stock to buy from neutral.The company also sent a letter to shareholders asking them to reject Broadcom’s takeover bid. Qualcomm shares have gained 4.6% so far this year, compared with a 4.9% rise for the S&P 500 Index SPX, +0.60% and a 6.8% gain for the Philadelphia Semiconductor Index SOX, +1.16%.  Source:…

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Boeing held takeover talks with Embraer: WSJ

“Boeing Co has held takeover talks with Brazilian planemaker Embraer SA, the Wall Street Journal reported on Thursday, citing people familiar with the matter” reports foxbusiness.com. Boeing and Embraer have been discussing a deal that would involve a relatively large premium to the Brazilian company’s market capitalization of $3.71 billion, the WSJ reported. (http://on.wsj.com/2Dn6SjQ) Embraer’s shares were up 2.6 percent in Sao Paulo, while its U.S.-listed shares were up about 30 percent.The talks are on hold as the companies are waiting for the Brazilian government’s response on whether it would…

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Major Cineworld investor ‘uncomfortable’ with debt for Regal deal

“RLAM joins Jupiter Asset Management, a small Cineworld shareholder with a 0.3 percent stake according to Thomson Reuters data, in raising questions about the deal” writes Midwest Communications Inc for 95kqds.com. Marwood said the Regal takeover changes “the debt profile” of Cineworld “quite dramatically”.”But is this a management team that I would back to do a good deal and make money for shareholders?. LONDON (Reuters) – One of the biggest shareholders in Cineworld has expressed concern about the company’s $3.6 billion takeover of bigger U.S. rival Regal Entertainment, saying it…

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Unibail-Rodamco agrees to buy Australia’s Westfield for $24.7 billion including debt

“SYDNEY (Reuters) – France’s Unibail-Rodamco SE has agreed to acquire Australian mall owner Westfield Corp for $24.7 billion including debt, in what would be the biggest takeover of an Australian company on record” reports businessinsider.com. “The acquisition of Westfield is a natural extension of Unibail-Rodamco’s strategy of concentration, differentiation and innovation,” said Unibail-Rodamco Chairman and Chief Executive Officer Christophe Cuvillier in a statement. Source: businessinsider.com Share This:

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Westfield in $15.7 bln takeover by Unibail-Rodamco

“The deal, which would offer Westfield shareholders a combination of cash and shares in Unibail-Rodamco, values Westfield shares at US$7.55 each, or A$10.01, representing a nearly 18% premium to Westfield’s most recent share price of A$8.50” writes Mike Cherney for marketwatch.com. Trading in Westfield shares was halted before the market opened on Tuesday, pending news of the deal. Source: marketwatch.com Share This:

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Sky Shares Leap After Britain’s Media Watchdog Delays Decision on Fox Takeover

“Sky Plc (SKYAY) shares jumped to the top of the market in London Thursday after Britain’s competition watchdog said it would delay its final decision on the proposed $15 billion takeover bid from 21st Century Fox, triggering a special payout to shareholders” writes Martin Baccardax for thestreet.com. The Competition and Markets Authority, which is reviewing the Rupert Murdoch-controlled group’s attempt to buy the 61% of Sky that it doesn’t already own, said Wednesday it had received 12,000 submissions of evidence regarding the takeover and, as such, needs more time to…

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