Technicolor shareholders approved a cash injection from U.S. investment firm Vector Capital, capping a bidding war with J.P. Morgan over a minority stake in the French technology and media-services company.
General Electric Company (GE) seems to have won the bidding war against rivals Siemens AG (ADR) (SIEGY) and Mitsubishi Heavy IND (MHVYF) for the French company Alstom SA (ALO). Alstom is in the business of building transport and energy infrastructure.
Jarislowsky Fraser, one of the country’s oldest money managers, has earned a stellar reputation as a supporter of minority shareholder rights and for good corporate governance.
And it’s about to put those two principles into action against TVA Group, a dual-class share company controlled by Quebecor Media, which in turn is owned by Quebecor and Caisse de dépôt et placement du Quebec.
The bid war for Vivendi’s (VIVHY) Brazilian broadband unit, Global Village Technology (GVT), has come to an end, following Vivendi’s announcement on Friday that it will be entering into exclusive talks with Telefonica (TEF) for the sale of GVT.
BT Group plc (ADR) (NYSE:BT) has the full backing of its majority shareholders as they have agreed to support a multi-billion pound rights issue to help finance the company’s acquisitions.
BT is currently deliberating an acquisition of either of the two biggest wireless carriers in the UK, EE and O2, and is going to make a final offer in the upcoming weeks. The British telecom company is looking to gain a competitive edge in the industry through offering quad-play bundles.
Delta Air Lines has taken the lead in a bidding war with rival American Airlines to take a minority stake in struggling Japan Airlines (JAL), a newspaper reported on Friday.JAL looks likely to accept capital from Delta, the world's largest carrier, and cross over to the SkyTeam airline alliance, the Asahi Shimbun reported in its evening edition, without citing any sources.Asia's largest carrier, which currently belongs to the American Airlines-led Oneworld alliance, "is leaning toward" the view that it would be more beneficial to join a bigger alliance, the report said.
STOCKHOLM – French economist Jean Tirole won the Nobel prize for economics Monday for research on market power and regulation that has helped policy-makers understand how to deal with industries dominated by a few companies.
Calling Tirole “one of the most influential economists of our time,” the Royal Swedish Academy of Sciences said he’s made contributions in a range of research areas. But it highlighted his role in clarifying “how to understand and regulate industries with a few powerful firms.”
In this situation, different is the operative word.
We are referring to the transaction by BENEV Capital – a company that’s been the subject of two proxy battles in the past three years, one of which saw the dissidents win control – that was announced on the same day it held its annual meeting and the same day a group of new directors took up their positions.