Showing posts with label Takeover. Show all posts
Showing posts with label Takeover. Show all posts

Wednesday, 28 May 2014

So Weir Group did end up offering some cash (sort of) to Metso shareholders

Sincere apologies - I forgot to highlight in my post earlier today that Weir Group offered some cash in its latest £8.5 billion merger proposal to Finnish engineer Metso.

Some readers might not remember that a few weeks ago when I suggested Weir Group might be willing to offer some cash to Metso as part of fresh takeover proposal for the business, the company went a tad ballistic, going on the record with a non-denial, denial to any news service that would listen.

Monday, 19 May 2014

AstraZeneca rejects latest Pfizer approach

Wow - AstraZeneca has rejected Pfizer's fresh £55.00 a share offer.

Now, I have to admit I didn't see that coming. I thought the raise would allow both companies to at least start talking and get an extension to the "put up or shut up" deadline.