Raiders with a Viking pedigree
September 30, 2008
Baugur’s head office in Bond Street, Central London, is dominated by a
10ft-tall statue of a Viking and for much of the past decade the company has
raided the high street in a manner that would have made its ancestors proud.
Heineken loses fizz through S&N acquisition
Heineken, the giant Dutch brewer which recently bought out Scottish & Newcastle (S&N) in partnership with its rival Carlsberg, today said the £10 billion acquisition had been a drag on first half earnings despite a rising thirst among consumers for its premium brands.
ACCC rejects Woolies Karabar acquisition
The ACCC has rejected the proposed acquisition of the Karabar Supermarket in NSW by the nation's largest retailer, Woolworths Ltd, on competition concerns.
Woolies' acquisition drive blocked
Independent retailers claim victory after the ACCC blocks Woolies' strategy of 'creeping' retail acquisitions.
Orica has firepower for acquisitions
Orica is looking for acquisitions to add to its explosives businesses, a day after announcing it will spin off its consumer products division.
07/22/08
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VDM narrows search for four acquisitions
Engineering firm VDM Group has narrowed its acquisition search to four potential business.
Woolworths still eyeing The Warehouse
Cashed-up retailer Woolworths is still likely to make a tilt at the New Zealand general merchandise retailer The Warehouse, an investment house says.
IAG rules out material acquisitions
Insurance Australia Group Ltd (IAG) said it did not expect to make any material acquisitions for another three years.
CSL to announce acquisition
Plasma products maker CSL says it will announce a proposed acquisition later in the day.
08/13/08
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EU widens antitrust probe into BHP Billiton's proposed acquisition of Rio Tinto
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher prices and reduced choice for EU customers of the mining concerns.
CSL to acquire Talecris for $3.4b
Blood products and vaccine firm CSL will acquire Talecris Biotherapeutics Holdings for $3.48 billion to boost its presence in the plasma therapeutics market.
AXA APA on lookout for acquisitions
AXA Asia Pacific Holdings Ltd says the company has $1 billion in surplus capital to facilitate any future acquisitions.
Need to know: Bloomsbury acquisition...
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Foster's hangover not over
The Foster's share price reaction shows the board did the right thing to squeeze out Trevor O'Hoy - and that big acquisitions mostly don't work.
AXA to longer pursuing MAA acquisition
AXA Asia Pacific Holdings says it is no longer pursuing an acquisition of Malaysian Assurance Alliance Berhad (MAA) in Malaysia.
CSL shares slide after Talecris stock...
CSL raised $US1.55b selling stock to help fund the purchase of Talecris Biotherapeutics, its biggest acquisition.
08/14/08
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BHP eyes acquisitions
BHP Billiton is increasingly considering acquisitions in petroleum to add to growth opportunities within its business.
Baugur: the iceman cometh...
Some City analysts wrote off Woolworths as a lost cause a long time ago. But Malcolm Walker, chief executive of the frozen food specialist Iceland, and Baugur, the Icelandic retail investment group, clearly have not, and this weekend it emerged that they had made an offer to purchase Woolworths' retail division. Woolworths rejected the offer yesterday.
Australia's Commonwealth Bank eyeing BankWest: report (Reuters)
Reuters - Commonwealth Bank of Australia (CBA) , the country's No. 2 bank by assets, may offer over A$6 billion ($5.2 billion) to British bank HBOS for its Australian unit BankWest, the Australian newspaper reported on Monday.
WorleyParsons makes Canadian acquisition
Engineering and mining services company WorleyParsons has made an acquisition in Canada, purchasing Westmar Consultants for $A48.68 million.
NAB completes Great Western acquisition
NAB has completed its $A836m acquisition of Great Western Bancorporation, the holding company of Great Western Bank in the US.
A good idea from Rio Tinto, but bad...
Rio Tinto’s $38 billion acquisition of Alcan, the Canadian aluminium producer,
last year was a classic case of buying at the top of the market.$
12/11/08
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Ronaldinho is AC Milan's last...
Ronaldinho is the final piece of the puzzle for AC Milan's offseason acquisition campaign.
Miners' merger mania
Few expect the platinum producer Lonmin to escape the clutches of Xstrata, which last week stormed through its front door with a hostile £5bn takeover bid.
Macquarie acquisition 'may be imminent'
Macquarie Group could be poised to make a big acquisition because it is raising capital when it already has $3 billion on its balance sheet, a broker says.