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Associated British Ports Holding, Britain's largest ports operator, said that it opened its books to a bid consortium after receiving an increased takeover offer worth £2.44 billion ($4.6 billion).
For the second time in nearly three months, struggling Corporate Express on Tuesday quickly rejected an increased takeover bid from U.S. rival office supplier Staples, saying the new offer still significantly undervalues the Dutch company.
AstraZeneca boss Pascal Soriot has undermined the drug maker's campaign to stay independent, by admitting that an increased takeover bid from US rival Pfizer could outweigh concerns over the needs of cancer patients.
Macarthur Coal discouraged its shareholders on Wednesday from taking action on Peabody Energy's increased takeover bid, worth 3.56 billion Australian dollars, and instead wait for a board vote on an acquisition attempt by Macarthur.
The Commission de Surveillance du Secteur Financier (CSSF), the Luxembourgian financial-market regulator leading the assessment of Mittal Steel's increased takeover bid for its rival, should give an initial view on the bid next week at the earliest.
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REUTERS Exchange Tells ICAPAP to Increase Takeover Offer | Investors in the stock exchange company Plus Markets Groups want ICAP, which is bidding for the company, to increase its offer or face being rejected from the bidding process, The Financial Times reports.
US newspaper giant Gannett has increased its takeover bid for another big publisher, Tribune, after its first attempt was rebuffed.
Vincor, Canada's largest winemaker, rejected an increased hostile takeover bid of $944 million from Constellation Brands, saying the price "falls short".
The American pharmaceutical giant had increased its takeover bid from £50 ($84) per share to £55, making the deal worth about £70 billion.
LONDON — The battle over Rio Tinto intensified early Wednesday when BHP Billiton, the world's biggest mining company, increased its takeover offer to about $147 billion after a Chinese rival bought a stake last week.
MELBOURNE — AMP, an Australian wealth manager, and AXA, the French insurer, increased their takeover offer for the insurer AXA Asia Pacific by 16percenttoto 12.86 billion Australian dollars Monday, giving the target a week to agree to the new bid.
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