Things could have been worse, if not for takeover action in the mining sector which helped to limit the damage.
Poor German industrial production figures, raising the prospect of recession in the eurozone powerhouse, has sent shares sliding again despite takeover action in the mining sector.
Shares in bid-target Cadbury firmed 4.5p to 793p amid hopes the phony bid war may soon spark into some real takeover action.
Analyst Savvas Neophytou at Panmure Gordon cut his recommendation on Astra from buy to hold, partly on concerns the company might leap into takeover action: The timing of [the buyback] announcement and strategic rationale (building M&A war chest) remains puzzling.
In some takeover action this Tuesday, Kraft Foods has offered $7.2 billion for the baked goods and cereal division of Groupe Danone.
Although investors are probably crossing their fingers for takeover action, it's difficult for Riboud to be certain beyond peradventure that a bid's being assembled, as he points out: "There has been no contact" he told a French newspaper.
TECHNOLOGY Correction: October 7, 2004, Thursday An article in Business Day on Monday about Oracle's request to a Delaware court to void a corporate anti-takeover measure, or "poison pill," at PeopleSoft misidentified a company that initiated an earlier hostile takeover and challenged the anti-takeover actions in court.
Secret plans for a military takeover swung into action.
The National Conference of State Legislatures said the proposal would undermine the authority of state judges and state lawmakers by mandating "a wholesale federal takeover of class-action litigation".
In the 1990s, groups like Scottish Watch and Settler Watch were established "to resist the English takeover" through direct action and civil disobedience.
In theory, the DOJ or the monitor, James Ginger, could call for sanctions on the department, including criminal contempt-of-court charges, fines, removal of leaders, or even a complete takeover, an unprecedented action for a federal judge. .
