Tag Archives: bid

The US Supreme Court has agreed to hear last-ditch legal arguments from TikTok as to why it should not be banned or sold in the US. The US government is taking action against the app because of what it says are its links to the Chinese state – links which TikTok and its parent company ByteDance have denied. The Supreme …

Parent company IDS agreed to the takeover in May, although both sides have been awaiting UK government approval. ADVERTISEMENT The sale of Royal Mail’s parent company to Czech billionaire Daniel Křetínský has been approved by the UK government, the involved firms have announced. The £3.6bn (€4.3bn) takeover of International Distribution Services (IDS) was given the green light after Křetínský’s EP …

South Korean lawmakers have voted to impeach President Yoon Suk Yeol over his failed martial law bid, with the opposition declaring a “victory of the people”. Out of 300 lawmakers, 204 voted to impeach the president on allegations of insurrection, with 85 against, three abstentions, and eight invalid ballots. The motion was carried after some members of Yoon’s People Power …

The Football Association’s decision to back Saudi Arabia’s bid to host the 2034 World Cup was “not difficult” after organisers gave “a lot of commitments”, its chair Debbie Hewitt says. Saudi Arabia was confirmed as host of the men’s tournament on Wednesday by football’s world governing body Fifa. Organisers have insisted everyone will be welcome, but the country has been …

The UK insurance firm Aviva has improved on an earlier deal rejected by its smaller competitor Direct Line. ADVERTISEMENT Direct Line has agreed a takeover offer from Aviva that will pave the way for the combined group to own a fifth of the UK motor insurance market. The bid, which values Direct Line at £3.6bn, entails Aviva paying 275p per …

The bid from the larger Italian lender “does not reflect in any way the profitability and further potential to create value for Banco BPM shareholders”, it said in a statement. ADVERTISEMENT Italy’s Banco BPM has rejected a takeover bid from UniCredit, saying the current offer undervalues the lender. In a statement, Banco BPM said the bid from UniCredit, the larger …

Manhattan prosecutors have announced they will oppose President-elect Trump’s demand to dismiss his New York criminal conviction following his election victory.   In a new letter, Manhattan District Attorney Alvin Bragg (D) said he won’t resist adjourning Trump’s hush money sentencing next week so the judge can receive further briefing on whether to toss the case. Though Bragg staked out firm opposition to …

Spanish bank BBVA is experiencing yet another delay in its hostile takeover bid for Banco Sabadell, following increased requirements put forward by Spain’s antitrust regulator. ADVERTISEMENT Spanish banking giant BBVA has been told by Spain’s antitrust regulator, CNMC, that its takeover bid for Banco Sabadell would need to go through more extensive competition reviews.  This has dealt another blow to …

Gunmen attacked the Police Rapid Response Squad facility at Owerrinta, Isiala Ngwa South Local Government Area of Abia State, resulting in the d3ath of a female suspect.   It was gathered that the gunmen attacked the facility located along the Umuahia-Aba Federal Expressway on Monday in a bid to release some detainees.   The state Commissioner of Police, Danladi Isa, …

The proposal from PAI Partners, challenging a US bidder, is the latest twist in a battle to win a 50% stake in Opella, the maker of France’s best-selling drug. ADVERTISEMENT A consortium including French private equity firm PAI Partners has raised its offer for Sanofi’s consumer health business, Opella, according to sources. The group has revised its bid by €200m, …