News 

Orange not considering full takeover of Euskaltel

“Orange SA (ORA.FR) said Monday that it isn’t currently considering a full takeover bid for Spanish telecommunications group Euskaltel SA (EKT.MC), following media speculation” writes Alberto Delclaux for marketwatch.com. News portal TMTFinance reported last week that Orange was considering a takeover bid for Euskaltel and had hired Credit Suisse as an adviser. Source: marketwatch.com

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Markets News 

Sainsbury’s-Asda tie-up not a done deal yet, experts warn

“He believes the CMA will not pass the deal without substantial conditions, and that it could even be blocked in its entirety” writes Midwest Communications Inc for 95kqds.com. Coupe and Roger Burnley, chief executive of Walmart owned Asda, have said they do not expect the CMA to make the deal unpalatable.Rivals and suppliers have made a raft of submissions to the regulator opposing the deal. Source: 95kqds.com

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Flybe’s largest shareholder threatens to block Virgin deal

“Flybe’s largest shareholder is threatening legal action to block a Virgin Atlantic-led takeover of the airline after reportedly accusing its bosses of neglecting their duty as directors” writes Jack Torrance for telegraph.co.uk. Hosking Partners, a London-based asset manager that owns almost a fifth of Flybe’s shares, has written to its board and City watchdogs to complain about the cut price £2.2m deal announced earlier this month.The offer from Connect Airways, a consortium including Virgin Atlantic, Southend Airport-owner Stobart Group and investment firm Cyrus Capital Partners, came at a major discount…

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EU court annuls 2013 Commission decision that blocked UPS takeover of TNT

“UPS has said it is seeking 1.74 billion euros ($1.99 billion)” reports businessinsider.com. The EU veto paved the way for U.S. rival FedEx Corp to acquire TNT for 4.4 billion euros in 2016 in a deal approved by the Commission.The Commission had rejected UPS’s planned 5.2 billion euro acquisition of TNT saying UPS had not offered sufficient concessions to allay concerns that the deal would hurt consumers.A courier van of UPS is seen in front of the head office of TNT in Hoofddorp Thomson Reuters BRUSSELS (Reuters) – The European…

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Sears chairman’s takeover proposal faces moment of truth

“After two days of haggling, U.S. Bankruptcy Judge Robert Drain set a Wednesday deadline to complete the bankruptcy auction for the 126-year-old retailer, the people said” writes Midwest Communications Inc for 95kqds.com. Last week Lampert, through his hedge fund ESL Investments Inc, made an improved $5 billion offer for Sears after the company turned away his earlier $4.4 billion bid.The bankruptcy auction for Sears began on Monday morning in Manhattan at the offices of law firm Weil, Gotshal & Manges LLP, which is representing the retailer.On Tuesday, representatives for Sears…

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Factris Consolidates Factoring Market With Acquisition

“Netherlands-based factoring company Factris has announced the completion of its takeover of Lithuanian firm DEBIFO, the companies said Monday (Jan. 14)” reports pymnts.com. In August, U.S.-based Axiom Bank made its own acquisition in the factoring space with the takeover of Allied Affiliated Funding.Factris also did not release financial details on its acquisition of DEBIFO. In a statement, Factris CEO Brian Reaves said DEBIFO is “a really driven team that has achieved strong results in Lithuania.In addition to the closure of the takeover, Factris noted that Speedinvest and Optia Investments have provided support…

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News Oil 

Faroe Petroleum predator DNO is ‘not going away’ after first takeover offer fails

“The North Sea oil predator working to seize control of Faroe Petroleum has warned that it will not back down after its first offer for the company failed” writes Garry White for telegraph.co.uk. DNO managed to find support for its £610m hostile takeover from only 13pc of Faroe’s shareholder base yesterday, or less than half of what it needed to guarantee its power grab.But the defiant Norwegian oil giant responded by triggering a fresh offer to buy the company at the same price, while warning that it would “not go away”.…

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News Stocks 

The Aphria ‘hostile’ takeover offer is littered with red flags

“Aphria acknowledged the Green Growth investment made by Green Acre, and said the independent committee evaluating the takeover bid has no ties to either Green Growth or Green Acre” writes Jeremy C for marketwatch.com. Aphria shares did gain Friday.While Green Growth’s bid could shore up Aphria’s valuation, it is still worrisome for any major investors who still hold stakes in Aphria. Source: marketwatch.com

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News Oil 

Norwegian oil predator threatens to drop Faroe takeover plans

“The Norwegian predator behind a plot to wrest control of North Sea oil company Faroe Petroleum has threatened to axe its takeover plans next week if shareholders snub its offer” writes Jan Bouwens for telegraph.co.uk. DNO is offering Faroe’s shareholders 152p a share to walk away from the Aberdeen-based oil company, but warned that it may scrap the bid if investors fail to take up the offer by 1pm next Wednesday. The Norwegian oil giant said it could choose to lapse the offer and would then be unable to make…

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