A step in the right direction
Article Abstract:
Takeovers have been at a low level of activity in 1st qtr 1995. There were eight deals including a bid by Glaxo for Wellcome. Wellcome accepted the bid after initial opposition, and Glaxo Wellcome was created, the biggest research-based pharmaceutical company world wide. De La Rue acquired Portals, with which it had long-term commercial links. Premier Consolidated Oilfields made a share offer for Pict Petroleum, and the bid was accepted by Amerada Hess, which will a 25% stake in Premier following its enlargement.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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Foreign bidders dig deep
Article Abstract:
There was an improvement in UK public takeover activity in the second quarter of 1995. The highest results were produced by the batle for control of VSEL when shareholders accepted 121% one day and 128% one month premiums. GEC successful relaunched its bid, giving it effecitve control of the UK warship building industry. Alco Standard of the US payed 81 million pounds sterling for Southern Business group, a photocopier and vending machine distributor.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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Bid fever fails to boost premiums
Article Abstract:
UK public takeover activity has been high in the second quarter of 1996 and there was much bid speculation particularly amongst the utilities. However expected high premiums were not reached, with the 17 deals surveyed, producing premiums over the target share price of just 23 and 22%. Foreign bidders were keen to pay for harmonious negotiations, producing one day and one month premiums of 31% and 40% respectively.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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