Time Warner Cable's 462% total returns may help convince its shareholders to reject Charter Communications' $62 billion offer or to not press for a sale. Time Warner Cable is seeking a takeover bid of $150 per share.
Deals
Quiet years leave European lenders with less experienced investment bankers- report
During the financial crisis when the deal markets were quiet, banks parted ways with their senior investment bankers. Now that business has slowly revived, lenders are seeing that they are left with junior bankers that are a little wet behind the ears.
Monte Paschi's top shareholder nears deal to sell its 20pct stake as shareholder meeting looms
Fondazione Monte dei Paschi, Banca Monte dei Paschi di Siena's top shareholder, is reportedly nearing a deal to divest its 20% stake in the Italian bank to three other banking foundations and a group of investment funds.
US chemicals group Taminco Corp to acquire Kemira's formic acid business
Taminco Corp, the world's largest alkylamines and alkylamine derivatives producer, said it had agreed to acquire the formic acid business of Finland-based chemicals firm Kemira.
Tribune to meet California's Rep. Henry Waxman to discuss concerns over spinoff's impact on Los Angeles Times
Tribune Co., which planned to split its newspaper division from its TV-broadcasting division in July, said that it intends to meet with Rep. Henry Waxman to dicuss his concern about the spinoff's impact on the Los Angeles Times.
Latest News
A group led by Singapore-based Perennial Real Estate Holdings will buy the TripleOne Somerset office and retail building for $766 million. Perennial will acquire the Singapore tower from Asia Real Estate Income Fund.
ARA Asset Management Ltd, an Asian real estate fund management firm, said it had agreed to buy Macquarie Real Estate Korea Ltd, the Korean unit of Macquarie Group Ltd.
Shares of Hyundai Merchant Marine jumped the most among shares of Hyundai Group companies following the conglomerate's announcement that it will sell assets to raise $3.1 billion to repay bonds due in two years.
Activist investor Starboard Value has acquired a 5.6% stake in Darden Restaurants for $374 million. Starboard will become the second activist investor within months to push for a strategy change in the struggling restaurant operator.
There are no sellers even as Scandinavian phone companies believe that mergers would benefit not only the region but corporate earnings as wel.
Property lender Aareal Bank this weekend announced that it would takeover German rival Corealcredit Bank for €342 million. Corealcredit will be bought from American private equity firm Lone Star Funds.
Oracle has agreed to purchase Responsys for $1.5 billion but not including debt or a 38% premium on the the company's closing price on Thursday, December 20, The New York Times The Dealbook reported.
Nine West, Anne Klein and Easy Spirit owner Jones Group have accepted the buyout offer from private equity company Sycamore Partners, The Dealbook reported.
US food startups like Goldbely and Mouth have made gourmet and speciality food available to consumers across the country this Christmas, the Financial Times reported.
