International Business News - takeover http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The government's seizure and sale of Washington Mutual Inc. eases pressure on a federal fund that insures Americans' bank deposits and places a high-stakes opportunity--with minimal risk--into the hands of JPMorgan Chase & Co. Inc. http://www.ibtimes.com/articles/20080926/in-wamu-takeover-jpmorgan-takes-calculated-risk.htm Fri, 26 Sep 2008 16:58:46 EDT International Shipholding Corp., which runs a fleet of cargo ships, said Thursday it formed a committee to evaluate a takeover proposal it received last week. http://www.ibtimes.com/articles/20080911/international-shipholding-reviews-proposal.htm Thu, 11 Sep 2008 18:36:32 EDT Iron ore miner Cleveland-Cliffs Inc. announced Thursday a takeover bid for the rest of Portman Ltd., a West Australian-based supplier of iron ore. Cleveland-Cliffs said it will act through its subsidiary Cliffs Asia-Pacific Pty Ltd., with a final cash offer of A$21.50 (US$17.31) per Portman share. That's a premium of about 21.5 percent on Portman's closing price Wednesday, Cleveland-Cliffs said. http://www.ibtimes.com/articles/20080911/cleveland-cliffs-bids-to-buy-rest-of-portman.htm Thu, 11 Sep 2008 10:46:59 EDT By putting the full weight of its finances behind Fannie Mae and Freddie Mac, the government may have crushed the fortunes of about two dozen small banks. http://www.ibtimes.com/articles/20080909/small-banks-hurt-by-fannie-freddie-may-get-help.htm Tue, 09 Sep 2008 19:15:23 EDT St. George Bank Ltd., Australia's fifth-largest bank, agreed to a revised 17.3 billion Australian dollar ($14.4 billion) takeover proposal by larger rival Westpac Banking Corp. on Monday, in what would be the biggest banking acquisition in Australian history. http://www.ibtimes.com/data/articleimgs/125724-australia-bank-merger.jpg http://www.ibtimes.com/articles/20080908/australias-st-george-agrees-to-westpac-takeover.htm http://www.ibtimes.com/articles/20080908/australias-st-george-agrees-to-westpac-takeover.htm Mon, 08 Sep 2008 06:52:57 EDT Shares at Informa PLC, the London-based publisher of Lloyd's List maritime newspaper, fell almost 7 percent on Friday after the company rejected a reduced $3.4 billion takeover bid from a private equity consortium. http://www.ibtimes.com/articles/20080905/informa-shares-fall-after-it-rejects-takeover-bid.htm Fri, 05 Sep 2008 13:17:59 EDT Lawmakers loyal to President Hugo Chavez gave final approval on Thursday to a bill allowing the Venezuelan government to seize total control of the nation's fuel distribution. http://www.ibtimes.com/articles/20080904/venezuela-approves-takeover-of-fuel-distribution.htm Thu, 04 Sep 2008 20:19:28 EDT Alpharma Inc. on Tuesday adopted a shareholders rights plan to head off a hostile takeover bid by King Pharmaceuticals. A shareholder rights plan, commonly known as a "poison pill," generally makes a takeover more difficult for the buyer. http://www.ibtimes.com/articles/20080902/alpharma-adopts-plan-to-head-off-takover-by-king.htm Tue, 02 Sep 2008 11:09:08 EDT Manchester City agreed Monday to a takeover by a United Arab Emirates business group, ending former Thai Prime Minister Thaksin Shinawatra's brief ownership of the Premier League club. http://www.ibtimes.com/articles/20080902/abu-dhabi-group-agrees-to-buy-man-city.htm Tue, 02 Sep 2008 10:50:41 EDT The grounds of a historic palace reopened Monday for the first time since members of a group advocating Hawaiian sovereignty briefly took control last week. http://www.ibtimes.com/articles/20080818/grounds-of-hawaiian-palace-reopen-after-takeover.htm Mon, 18 Aug 2008 22:14:23 EDT The leader of a Hawaiian pro-sovereignty group that broke into a historic palace once home to royalty said he planned to chain himself to the throne but couldn't find it because he had never been in the palace before. http://www.ibtimes.com/articles/20080817/hawaiian-palace-occupied-anew-about-20-arrested.htm Sun, 17 Aug 2008 21:15:38 EDT A group of Native Hawaiians claiming to be the state's legitimate rulers occupied the grounds of a historic palace for two hours before being arrested by state officers in the second recent takeover of its kind. http://www.ibtimes.com/articles/20080816/protesters-take-over-grounds-of-hawaiian-palace.htm Sat, 16 Aug 2008 21:10:34 EDT Mitsubishi UFJ Financial Group said Thursday that there is no immediate change to its plans to fully acquire UnionBanCal but it is willing to negotiate after the U.S. bank rejected its buyout offer. http://www.ibtimes.com/articles/20080814/mufg-willing-to-talk-with-unionbancal-on-takeover.htm Thu, 14 Aug 2008 05:02:51 EDT UnionBanCal Corp. on Wednesday rejected a buyout offer by Japan's Mitsubishi UFG Financial Group, saying the $3 billion price was too low. Mitsubishi UFJ, Japan's largest bank, offered to buy the remaining shares it doesn't already own in UnionBanCal for $63 per share in cash. The bank already owns a 65.4 percent stake in San Francisco-based UnionBanCal, and wanted to buy the remaining interest through a tender offer beginning Aug. 18. http://www.ibtimes.com/articles/20080813/unionbancal-rejects-takeover-bid.htm Wed, 13 Aug 2008 16:48:17 EDT EU antitrust regulators on Thursday opened a probe into a U.S private equity fund's purchase of Dutch chemical producer DSM Special Products BV, saying they feared the deal could lead to food and beverage companies paying higher prices for ingredients. http://www.ibtimes.com/articles/20080807/eu-probes-chemical-takeover.htm Thu, 07 Aug 2008 08:12:53 EDT Waste hauler Republic Services Inc. said Monday it will penalize companies seeking to make large-scale shares purchases, an attempt to block a takeover bid by industry rival Waste Management. http://www.ibtimes.com/articles/20080728/republic-services-bars-large-scale-stock-purchases.htm Mon, 28 Jul 2008 16:59:53 EDT Customers of two banks closed by federal regulators were assured that every penny of their money was protected, preventing lines of angry accountholders from forming Saturday. http://www.ibtimes.com/data/articleimgs/98644-bank-takeover.jpg http://www.ibtimes.com/articles/20080727/angry-lines-customers-after-bank-takeover.htm http://www.ibtimes.com/articles/20080727/angry-lines-customers-after-bank-takeover.htm Sun, 27 Jul 2008 07:03:55 EDT Customers of two banks closed by federal regulators were assured that every penny of their money was protected, preventing lines of angry accountholders from forming Saturday. http://www.ibtimes.com/data/articleimgs/98419-bank-takeover.jpg http://www.ibtimes.com/articles/20080726/fdic-takes-over-1st-national-bank-of-nevada.htm http://www.ibtimes.com/articles/20080726/fdic-takes-over-1st-national-bank-of-nevada.htm Sat, 26 Jul 2008 22:01:59 EDT Twenty-eight branches of 1st National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California, were closed Friday by federal regulators. http://www.ibtimes.com/articles/20080725/fdic-takes-over-1st-national-bank-of-nevada.htm Fri, 25 Jul 2008 22:49:46 EDT Spain broke European law when it demanded that energy takeovers seek approval from local regulators, the EU's highest court ruled Thursday. The European Court of Justice said Spain violated the EU law that grants companies the right to invest or set up a business anywhere in the 27-nation bloc when it ordered bids for energy companies to be cleared by the country's energy commission, CNE. http://www.ibtimes.com/articles/20080717/eu-spain-broke-law-on-energy-takeovers.htm Thu, 17 Jul 2008 07:19:13 EDT