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A consortium comprising some of the world's largest private equity buyout firms – including Alpinvest, Carlyle, Hellman and Friedman, Thomas H Lee, KKR and Blackstone Group – sent out its offer document for VNU yesterday.
Russia-focussed exploration group Imperial Energy added 152p to £10.02 as India's ONGC posted the offer document for its £12.50 a share offer, having failed yesterday to extend the deadline for the posting.
Some City sources wonder whether HBOS executives may be waiting for the offer document before deciding whether to make a bid.
International Paper announced its offer for Temple-Inland on Monday, and the tender offer documents were filed on Tuesday.
International Paper announced its offer for Temple-Inland on Monday and the tender offer documents were filed on Tuesday, when the offer commenced.
Then it rescinded the offer, documents show.
"The Offer, which remains subject to the terms set out in the Offer Document, will remain open for acceptances until further notice".
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Bank of China is offering shares in the unit at a price 12 to 16 times forecast earnings, according to its offer document, compared with about 18.4 times for HSBC Holdings, Hong Kong's biggest bank.
Look for fine typescripts of the offer document and read it thoroughly before signing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com