ADM will put forward a third, higher bid of A$3.4bn ($3.5bn) for Australian bulk grains specialist GrainCorp after a full financial review of the company.
Metals group Alcoa's proposed $33bn (€24bn) hostile takeover bid
for rival Alcan is facing increasing opposition from a
growing number of suitors who may themselves enter the race for the
group.
SIG, a Switzerland-based packager, has opened the door to takeover
bids from othercompanies after its board rejected a €1.3bn cash
offer from the owners of Norway-based Elopak.
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...
Australian yeast and ingredients group Burns Philp, currently in
the midst of a hostile takeover bid for food company Goodman
Fielder, today reported a 40.3 per cent increase in net profit to
A$95.1 million (€51.8m) for the fiscal...
It would appear that the bid from Australian ingredients and yeast
company Burns, Philp & Co for Goodman Fielder is far from over
with the company saying on Wednesday that it had received approval
from the Foreign Investment Review...
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...
Italian pasta maker Barilla said it would consider raising its €12
per share bid for Europe's leading baker Kamps AG, should a rival
bidder emerge, a German newspaper reported on Saturday.
