Hostile Takeover, Hostile Bid | featured news

Nasdaq, ICE withdraw $11B bid for NYSE Euronext

Nasdaq and IntercontinentalExchange are withdrawing their proposed $11 billion bid for the parent of the New York Stock Exchange after recognizing they would not receive regulatory approval for the transaction.

 

Sanofi launches hostile $18.5 billion bid for Genzyme

French drugmaker Sanofi-Aventis launched a hostile bid for Genzyme at $69 per share on Monday, taking its $18.5 billion offer direct to shareholders after Genzyme management refused to negotiate.

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Kraft Bid for Cadbury Likely to Go Hostile

Kraft is expected to officially launch a hostile bid for Cadbury, setting in motion a tussle for control of the British confectionary firm.

 

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