Mr. Green must "either announce an offer for M.&S".
ConvaTec's bid rivals that of Apax Partners, which announced an offer of $5 billion for Kinetic last month.
Newcrest first announced an offer for Lihir on April 1, and it secured the backing of Lihir's board Tuesday after it raised its bid by 6.4 percent.
He said: "Lloyds has announced an offer to swap up to £7.5bn of junior Tier 2 debt into £4.4bn of senior debt, RBS has announced a similar offer on £14.8bn of Tier 2 and Tier 1 debt, and Barclays is reportedly considering a debt swap as well.
Red Apple Group Bids For Getty Petroleum The Red Apple Group, a privately held company whose interests include supermarkets and oil refineries, has announced an offer to buy Getty Petroleum Marketing Inc. NYSEE: GPM) of Jericho at $5.75 a share.
Internal emails show that Trafigura, which yesterday suddenly announced an offer to pay compensation to 31,000 west African victims, was fully aware that its waste dumped in Ivory Coast was so toxic that it was banned in Europe.
The Koreans said: [The offer] of £18 per Dana share is full and final and will not be increased save that KNOC reserves its right to increase the share offer if a competitive situation arises (including if a third party announces an offer or possible offer for Dana).
In the NBA, the New Jersey Nets, sensing an opportunity to develop some fan loyalty, recently announced an offer of free tickets for as many as 1,500 unemployed fans.
Last September, the company announced an offer from Germany's RWE to purchase outstanding American Water shares at $46 each, a 35% premium to their closing price just prior to the offer.
A battle is brewing in the technology sector after Hewlett-Packard announced an offer for data storage software firm 3PAR, trumping last week's bid for the company from rival Dell.
