Alcan's hostile takeover of its French counterpart Pechiney has
become a friendly bid following the acceptance of a revised offer
for the company by Pechiney's board. But getting regulatory
approval may prove harder.
Alcan has announced plans to launch a hostile tender offer for
Pechiney in order to solidify its position as one of the world's
largest aluminium and packaging companies. The completion of the
transaction is expected to create...
The Burns Philp hostile bid for Australia's biggest food company
appears to be far from over with the ingredients and yeast company
yesterday referring its bid to the Australian Takeovers Panel - the
principal forum for resolving...
Goodman Fielder, Australia's largest food company, has today
rejected a hostile bid by international yeast and ingredients
company Burns Philp. Goodman Fielder advised its shareholders to
spurn the bid because "the offer...