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Takeda’s Shire takeover to bring $963 million fee bonanza

“Takeda’s team of advisers includes investment banks Evercore , JP Morgan and Nomura while Shire’s line-up includes Citigroup , Goldman Sachs and Morgan Stanley “ reports businessinsider.com. Meanwhile, Shire estimates that it will pay banks as much as $150 million for their advice during the takeover, and up to $70 million to its lawyers.Takeda’s single biggest expense will be its financing arrangements for the takeover which will cost it $386.6 million.Its other costs include $24.3 million for accounting advice and $6.3 million to public relations consultants. Source: businessinsider.com Share This:

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Xilinx working with Barclays to acquire Mellanox, deal could be announced in December, sources say

“CNBC first reported on Oct. 25 that Mellanox had hired a financial adviser to seek a sale after receiving takeover interest” writes Alex Sherman for cnbc.com. If a deal takes place, a takeover price could top $100, valuing Mellanox at about $5.5 billion, two of the people said.Buying the company would give Xilinx a broader array of products to sell into the data center market. Source: cnbc.com Share This:

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Dollars set on fire ahead of sanctions reimposition

“Marking the 1979 U.S. embassy takeover, the rally saw American and Israeli flags burned” reports tehrantimes.com. Crowds held anti-American banners, some of which read “Down with U.S.” An effigy of Trump, placed on huge prints of 100-dollar banknotes, was burned outside the former U.S. embassy in Tehran, while others were seen burning actual dollars. Source: tehrantimes.com Share This:

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Polls point to Democratic takeover of the House, but here’s what could change that

“In the run-up to that election, a lot more Republicans than Democrats took an interest in the campaign, and that correctly forecast a poor Democratic turnout” writes David Lauter for latimes.com. Four years before that, it was Republicans who were demoralized and Democrats who took the most interest, leading to a Democratic wave. Source: latimes.com Share This:

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Plastic maker RPC’s takeover suitors given another month to mull an offer

“The two private equity firms circling vulnerable plastic packaging manufacturer RPC have been granted another month to deliberate after the FTSE 250 company asked takeover regulators to extend the deadline” writes Jack Torrance for telegraph.co.uk. Apollo Global Management and Bain Capital, which have been considering separate swoops on the company after its shares dived earlier in the year, now have until December 3 to “put up or shut up”. But it has found itself vulnerable to a takeover following a global backlash… Source: telegraph.co.uk Share This:

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Barrick, Randgold sweeten dividend ahead of takeover deal vote

“LONDON/TORONTO (Reuters) – Canada’s Barrick Gold and takeover target Randgold Resources are boosting their dividend payouts ahead of shareholder votes next week on their $6.1 billion deal, the miners said Wednesday” reports businessinsider.com. Barrick now aims for a fourth-quarter dividend of 7 cents a share, up from 5 cents, and a 2018 dividend of 16 cents.Randgold shares have gained some 26 percent since the Sept. 24 announcement of the deal, with Barrick shares adding about 24 percent.Randgold plans to sweeten its 2018 dividend by 35 percent, to $2.69 per share…

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IBM Agrees $34 Billion Red Hat Takeover in Blockbuster Cloud Deal

“Red Hat will operate as a distinct unit within IMB’s hybrid cloud division, the company said, and will be run by current CEO Jim Whitehurst” writes Martin Baccardax for thestreet.com. International Business Machines (IBM) said Sunday that it has agreed to buy software group Red Hat Inc. (RHT) in a blockbuster $34 billion deal that could jump-start Big Blue’s efforts to drive sales in the rapidly-expanding market for cloud computing.It changes everything about the cloud market,” said  IBM CEO Ginni Rometty.”IBM will become the world’s #1 hybrid cloud provider, offering…

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‘Blue wave’ warning: Democrats poised to slash defense spending

“If the Democrats win Congress, defense spending will almost certainly tumble” writes Photo Courtesy Of for washingtonexaminer.com. Democrats would consider defense within that broader picture “and then try to figure out how to fund it,” Smith added.”A Democrat-led House will be able to push a Republican-led Senate to increase non-defense spending on par with defense,” he said. Source: washingtonexaminer.com Share This:

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Australia’s Investa says Blackstone pulls out of takeover race

“(Reuters) – Australian landlord Investa Office Fund (IOF) said on Thursday it had been advised by Blackstone Group LP that the private equity giant would not match Canada’s Oxford Properties Group’s A$5.60 per share takeover bid” writes Midwest Communications Inc for 95kqds.com. IOF said it had terminated the Blackstone agreement and had entered into a scheme implementation agreement with Oxford. Source: 95kqds.com Share This:

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