Olivetti's bid for Telecom Italia advances

Article Abstract:

Olivetti SpA progressed in its efforts to acquire Telecom Italia SpA as the company's offer won the support of stockholders who constitute 20% of the group's capital. The news came just one day after Olivetti closed its bid acquire Telecom Italia for $60 billion. Telecom Italia failed in its attempt to stop Olivetti's tender offer. Telecom Italia claimed that investors' perceptions were "poisioned" by news reports on the level of acceptances.

Comment:

Olivetti SpA progresses in efforts to acquire Telecom Italia SpA

Telecommunications, Office equipment and supplies industry, Office equipment industry, Telecommunications services industry, Telecommunications industry

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Olivetti loses market-regulator ruling on takeover attempt for Telecom Italia

Article Abstract:

Olivetti SpA's attempted $58 billion acquisition of Telecom Italia SpA was rejected by Italy's Consob stock market watchdog. The ruling will allow Telecom to fight off a hostile takeover from Olivetti. Consob determined that the proposed acquisition was rife with too many unsettled regulatory issues. Olivetti must now file a new offer and allow Telecom time to defend against a bid.

Comment:

Olivetti's attempted $58 billion acquisition of Telecom Italia rejected by Italy's Consob stock market watchdog

Wired Telecommunications Carriers, Computer and Office Equipment, Telephone Communications, Telephone communications, exc. radio, Public affairs, Telephone services

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Unilever plans more cuts as sales rise

Article Abstract:

Anglo-Dutch consumer goods company Unilever Group is continuing its reorganization process, announcing that it will sell business units with around $2.73 bil in yearly sales. The largest sale will be its US laundry detergent division, having lost market share over the last 10 years. German firm Henkel KGaA may be a potential bidder.

Strategy & planning, Organizational history, Soap and Other Detergent Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Soap, Cleaners, and Toilet Goods, Soaps & Detergents, United Kingdom, Planning, Germany, Company acquisition/merger, Chemical industry, Consumer goods industry, Soap and cleaning agents industry, Cleaning agents industry, Unilever Group, Company restructuring/company reorganization, Reorganization and restructuring, Pesticides industry, Herbicides, Henkel KGAA, Company business planning, Company organization, Sulphur industry

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