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CV Therapeutics never gained much traction with its heart-drug Ranexa, but now it's got a takeover bid that would let shareholders cash out.
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"But there's no particular urgency" in getting a takeover done.
"Hopefully when the car park sale goes through we can get a takeover done eventually and things can move on from here".
American Apparel said it has gotten a takeover offer from New York private equity firm Irving Place Capital.
The British, the French and the Germans would all get a takeover-blocking "special share", but the latter two would have to allow their stakes (both direct and held by proxies) to be reduced to the 9% level deemed acceptable by the British and the Americans.
After getting a takeover-fueled jump-start early in the day, the market surged during afternoon trading after the two largest U.S. bond insurers got some rare good news from Standard & Poor's.
Hammermill Paper got a $722 million takeover offer from Paul A. Bilzerian, the California investor who tried to take over Cluett Peabody.
"On that theory you could ban playing the music of Wagner: you start playing Wagner, next thing you know you've got a Nazi takeover".
"The fear that you always have, when you've got a government takeover, is that the government doesn't know how to run companies and doesn't want to run companies, so it could just liquidate the company," said David Boies, the lawyer representing A.I.G.'s former chairman and chief executive, Maurice R. Greenberg.
It got a high-premium takeover bid, and investors acted like they expected more.
Add to this an ultra-lightweight solar cell and navigation system (about which Draper is not revealing much), and you've got a complete dragonfly takeover unit that weighs a fraction of a gram.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com