Allied Domecq offers to purchase Bodegas & Bebidas

Article Abstract:

Allied Domecq PLC has offered to acquire Bodegas y Bebidas S.A. of Spain for 279 million euros. The bid is in the form of an all-cash transaction.

United Kingdom, Beverages, Beverage Manufacturing, Beverage industry, Allied Domecq PLC, Bodegas y Bebidas S.A.

---

Enersis approval enables Endesa to launch offer

Article Abstract:

Enersis SA's stockholders approved a bylaw change which will permit Endesa SA (Spain) to continue with its proposed bid of $1.44 billion to control the Latin American power conglomerate. Endesa will not be allowed to boost its stake to over 65% of Enersis due to a limit which still exists on individual shareholdings. Endeasea wants to finish its tender offer by April 7, 1999. If the offer succeeds, Endesa says that it will use Enersis as a platform to expand in Latin America.

Comment:

Enersis SA's shrhldrs approve bylaw change which will permit Endesa SA (Spain) to continue with proposed bid of $1.44 bil

United States, Electric Utilities, Electric Power Generation, Transmission and Distribution, Chile, Endesa S.A., Enersis S.A.

---

Approval of bids ends YPF speculation; Repsol to proceed with $13.4 billion offer

Article Abstract:

The board of Yacimientos Petroleros Fiscales S.A. approved the Argentine oil company's unsolicited takeover by Spain's Repsol S.A. The decision ends speculation that YPF would try to get a higher offer than Repsol's $13.4 billion or try to find another suitor. After the offer closes, Repsol plans to raise up to $6 billion through an offering of stock and equity-related securities. Repsol will try to raise a further $2.5 billion through sales of such asssets as a refinery and 800 Argentine gas stations.

Petroleum, Petroleum and Coal Products Manufacturing, Argentina, Oil & Gas Field Services, Support Activities for Mining, Petroleum industry, Petroleum services industry, Repsol Petroleo S.A., YPF S.A.

Similar abstracts:

• Abstracts: Friends Provident plans London IPO to raise 1.4 billion pounds. Prudential Insurance plans to raise $3.9 billion in IPO
• Abstracts: Cendant bolsters its travel arm with $1.1 billion buy of Donvand. Cendant will buy travel company for $425 million
• Abstracts: Credit Suisse beats '98 estimates, posting $2.1 billion in net profit. Sampo reports 21% decline in 1st half operating profit
• Abstracts: Buffett stands poised to invest $10 billion into utility firms. Brandon is named CEO of General Re
• Abstracts: Anglo American is set to post modest profit drop in 1st half. Aluminum falls on Alcan plan to restart smelters

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.