Technip bids for rest of Coflexip

Article Abstract:

Technip announced an unsolicited, Euro2.6 billion offer for 70% of Coflexip Stena Offshore Group, but Coflexip has not approved the deal.

Coflexip Stena Offshore Group

---

Technip may buy rest of Coflexip; halt put on shares

Article Abstract:

Technip SA is considering acquiring the remainder of Coflexip SA. Technip may acquire the 70% of Coflexip that it does not already own.

Strategy & planning, Laminated Plastics Plate, Sheet, and Shape Manufacturing, Reinforced, Laminated Plastics, Planning, Plastics industry, Coflexip S.A.

---

TotalFina rejects Elf counterbid, says it will pursue takeover

Article Abstract:

The board of directors of TotalFina SA turned down Elf Aquitaine SA's takeover offer of 50.3 billion euros. Elf's takeover offer was launched in defense to TotalFina's previous hostile bid on July 5, 1999. The board of TotalFina announced that it would continue to follow up on its billion-dollar takeover proposal for Elf. TotalFina is planning to pursue the shareholders' tender bid of 66.67% of the shares in Elf.

Comment:

Board of directors of TotalFina turn down Elf Aquitaine's takeover offer of 50.3 billion euros

Petroleum, Petroleum and Coal Products Manufacturing, Petroleum industry, Abstract, TOTAL S.A., Elf Aquitaine S.A.

Similar abstracts:

• Abstracts: Nokia bets one global message will ring true in many markets. Wireless War: WAP vs. I-Mode
• Abstracts: EM.TV is prepared to announce that loss is worse than forecast. EM.TV faces sharp reductions in its first-half revenue
• Abstracts: EADS expects further delays in Airbus A380 jetliner program. Orders pile up for new Airbus jet
• Abstracts: Gallaher extends its U.K. tobacco lead with purchase of RJR's British business. Virgin and Sprint agree to establish U.S. mobile venture
• Abstracts: DBS Group announces purchase of Dao Heng to skeptical investors. EU agrees to let Hutchison, partners take control of port

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