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.
With a modest premium over yesterday's closing price (and 25% premium to Jan 11th price), and thanks to a big hand from Microsoft, Michael Dell (and Silver Lake) are taking Dell private.
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.
(NEW YORK) — H.J. Heinz Co. has agreed to be acquired by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion. The ketchup company says it’s the largest deal ever in the food industry. Heinz shareholders will receive $72.50 in cash for each share of common stock they own. The transaction value includes the assumption of Heinz’s debt. Based on Heinz’s number of shares outstanding, the deal is worth $23.3 billion excluding debt.
(NEW YORK) — H.J. Heinz Co. has agreed to be acquired by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion. The ketchup company says it’s the largest deal ever in the food industry. Heinz shareholders will receive $72.50 in cash for each share of common stock they own. The transaction value includes the assumption of Heinz’s debt. Based on Heinz’s number of shares outstanding, the deal is worth $23.3 billion excluding debt.
Russian miner Nordgold NV is claiming victory in its bid to buy out the minority investors of High River Gold Mines Ltd., despite facing vocal opposition from some of those shareholders.
It was a close call, to say the least.
It is important to remember that High River has more profitable mines, but Nordgold has far more reserves