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WALL STREET JOURNAL J.C. Penney Hires AlixPartners to Find Cost Savings | WALL STREET JOURNAL Billabong Agrees to Extend Takeover Talks | A group led by a former director of Billabong and Sycamore Partners Management will have an additional 10 days to complete a report on the company's earnings.
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It has also asked the board to extend the Takeover Panel deadline as it will need to carry out due diligence and finalise its financing.
The firms also agreed on extending their takeover negotiations until Jan . 31to finalize the details of the offer.
The purpose of the visit was initially reported by The Courier-Post of Cherry Hill, which said the new law would extend New Jersey's takeover of Camden for another five years.
Regulators Extend Gillette Takeover Review.
Shares are likely to extend gains if additional takeover rumors hit the air-waves or if an actual bid is announced.
A Comcast takeover would extend those open Internet protections to Time Warner Cable customers.
A combination of Alberta Energy and PanCanadian would extend a wave of takeovers and mergers that have been consolidating Canada's energy sector.
Elsewhere in the defence sector, Chemring climbed 7.4p to 342.7p after a deadline for US private equity group Carlyle to either make a firm offer or walk away was extended by the takeover panel from last night to 9 November.
The Weyerhaeuser Company said yesterday that it had extended its $5.5 billion takeover bid for Willamette Industries, its paper industry rival, after a shareholder vote on three new directors proved too close to call.
CAMDEN, N.J., Sept. 15 (AP) — Gov. Jon S. Corzine was to sign a bill extending a state takeover of this troubled city's government during a visit on Sunday morning, according to a senior Corzine administration official.
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