While shareholder activism and proxy contests have had the spotlight in Canada over the past few years, boards are well-advised not to ignore take-over preparedness as the threat of a hostile bid
can emerge at any time," added Mr.
Kraft Foods Inc's $16 billion hostile bid
for British candy maker Cadbury Plc has been notified to EU regulatory authorities, the European Commission said on Wednesday.
US Senate lawmakers are to more closely examine potential airline mergers, including the hostile bid
for Delta Air Lines by US Airways.
The pilots union of Delta Air Lines has said that no other carrier has offered to buy the airline since US Airways' hostile bid
The company had previously said it was studying the offer, which was first announced in August; but late last month, Pilgrim's Pride said it would launch a hostile bid
when Gold Kist had declined to make a deal.
I can't make a comment on whether it's a hostile bid
An inappropriate response to a hostile bid
can damage share price, investor sentiment or management team credibility so it is important that companies are alert to predatory acquirers.
Leaders in Luxembourg and Belgium have already raised concerns about the hostile bid
, which caught European markets by surprise on Friday and was rejected by Arcelor.
Reflecting on the seven-month hostile bid
, Gold Fields Chief Executive Ian
Or, about NBS's parent company: "Fuji Television will do 50 billion yen new share offerings to fend off Livedoor's hostile bid
PeopleSoft said its board of directors had voted unanimously to recommend rejection of the hostile bid
, which was sweetened earlier this week by more than $1 billion over the initial $5.
Lovering and Mackenzie had previously ruled out a hostile bid
, but industry analyst Richard Ratner said: ``If they came back with something like 110p,I think the company would have to explain to shareholders why it was rejecting them.
TO), riding to the rescue of the Canadian business forms maker with a $72-million all-stock offer that trumps a hostile bid
from Open Text Corp.
The functions of a captive are limited only by the imagination," he said, citing functions ranging from credit-enhancement programs and employee-benefits plans to providing hostile bid
coverage and acting as a conduit to offer customers insurance over the Internet.
The same source was also quoted as saying, "If Boston Beer thwarts Miller's advances, Miller is apt to come back with a hostile bid