Retirement village group Aevum Limited has rejected an unsolicited takeover offer proposal from real estate group Stockland.The bid, revealed yesterday at a & #160;premium of almost 50% & #160;to Aveum's last closing price, came as a surprise.
SKS Microfinance Ltd., the Indian lender backed by investors including George Soros, received bids for 13.5 times the stock available in an initial public offering that?s seeking to raise as much as $347 million.
A group led by Li Ka-shing?s Cheung Kong Infrastructure Holdings Ltd. offered 5.8 billion pounds ($9.1 billion) for Electricite de France SA?s U.K. power networks, in the Hong Kong billionaire?s biggest acquisition.
Perth-based mineral tester, Ammtec, has used a very positive earnings update to again remind shareholders that they should reject the paper bid from rival tester, Campbell Brothers of Brisbane. & quot;Commensurate with these results, the Board recommends shareholders reject the unsolicited takeover offer by Campbell Brothers Limited (CPB), & quot; Ammtec said in yesterday's statement to the ASX.
No wonder the board of private hospital operator and pathology group, Healthscope, have grabbed a rich & #36;6.26 a share takeover offer from & #160;private equity firms Carlyle Group and TPG Capital.The deal is worth & #36;2.7 billion all up, including debt.
The National Australia Bank is persisting with its attempts to buy & #160;AXA Asia Pacific Holdings, in the face of its continuing inability to get a deal that will make the competition regulator, the ACCC, happy.AXA AP and its parent AXA SA revealed yesterday & #160;that they have agreed with the NAB to extend a & #36;13.3 billion acquisition agreement until August 31 while the NAB seeks to address regulatory concerns.
Advent International Corp. and Bain Capital LLC submitted the leading bid for Royal Bank of Scotland Group Plc?s credit-card payment processing unit valued at as much as 2.5 billion pounds ($3.8 billion), two people with direct knowledge of the matter said.
Societe Generale SA and BNP Paribas SA are among banks considering a bid for Allied Irish Banks Plc's stake in Bank Zachodni WBK SA of Poland valued at about $3 billion, according to three people with knowledge of the matter