Markets

Slack spikes 32% following reports of potential takeover by Salesforce

Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported Salesforce.com is in talks to acquire the workspace-communications company. Such a deal would likely value Slack at more than the $US17 billion market cap it held before shares jumped. There’s no guarantee the talks will lead to […]
Slack spikes 32% following reports of potential takeover by Salesforce
Markets

Grubhub rockets 11% on reports of takeover interest from 2 European peers

Grubhub stock surged as much as 11.5% Friday afternoon on reports European peers Just Eat and Delivery Hero are interested in a takeover of the food delivery service. Grubhub is currently fielding multiple offers and considering regulatory risks in its decision, sources told CNBC. The new overseas interest arrives after […]
Grubhub rockets 11% on reports of takeover interest from 2 European peers
Markets

Warren Buffett is waiting to deploy a $137 billion cash pile for a future mega-deal. Here are Berkshire Hathaway’s 10 biggest acquisitions so far.

Warren Buffett’s Berkshire Hathaway hasn’t closed a major takeover since 2016, and the holding company’s ammunition for such a deal is building up. Berkshire has $US137 billion to deploy for its next deal, and precedent shows Buffett shelling out tens of billions of dollars for his biggest acquisitions. Here are […]
Warren Buffett is waiting to deploy a $137 billion cash pile for a future mega-deal. Here are Berkshire Hathaway’s 10 biggest acquisitions so far.
Markets

GrubHub surges 37% on report of potential takeover by Uber

GrubHub stock spiked as much as 37% on Tuesday after Bloomberg reported Uber made a takeover offer for the food delivery company. Both firms are in negotiations and could close a deal before the end of the month, sources familiar with the matter told Bloomberg. The news prompted a trading […]
GrubHub surges 37% on report of potential takeover by Uber
Markets

AMC spikes 56% on reports Amazon may be considering a takeover

AMC spiked as much as 56% Monday following a report from The Daily Mail that suggests Amazon is eyeing a takeover of the beleaguered movie theatre chain. Amazon’s video streaming ambitions have already left their mark on Hollywood, but the company’s original movies are still shut out of movie theatres […]
AMC spikes 56% on reports Amazon may be considering a takeover
Markets

HP board unanimously rejects Xerox’s takeover bid

HP’s board of directors unanimously rejected Xerox’s takeover offer in a Sunday letter, saying the bid “significantly undervalues HP” and isn’t in shareholders’ best interests. HP said it remains open to future transactions, but would first need to explore “achievable synergies” between the firms. Xerox shares fell as much as […]
HP board unanimously rejects Xerox’s takeover bid
Markets

Xerox is reportedly mulling a blockbuster takeover of HP

Xerox is considering a takeover bid for computer company HP, the Wall Street Journal reported Tuesday evening. HP shares spiked as much as 8% on the news. Xerox’s board discussed the option Tuesday. HP is more than three times Xerox’s size, and an offer would ring in at a premium […]
Xerox is reportedly mulling a blockbuster takeover of HP
Markets

GrainCorp just got a $2.4 billion takeover offer

GrainCorp received a $10.42 a share takeover offer. The deal is valued at $2.38 billion. The bid has been made by Long-Term Asset Partners, a new asset manager. Bulk grain handler GrainCorp is under a $2.38 billion takeover offer from Long-Term Asset Partners, a group including businessman Tony Shepherd, a […]
GrainCorp just got a $2.4 billion takeover offer
Markets

Fortescue has grabbed a takeover-blocking stake in Atlas Iron

Billionaire Andrew Forrest’s pure play iron ore miner Fortescue Metals has acquired a 19.9% stake in Atlas Iron, enough to block Mineral Resources’s takeover. Fortescue announced it had agreed to acquire 15% of Atlas Iron at $0.04 a share, bringing its aggregate interest in the junior iron ore miner to […]
Fortescue has grabbed a takeover-blocking stake in Atlas Iron
Markets

AccorHotels buys Mantra Group for $1.2 billion

French accommodation giant AccorHotels has acquired Australia’s biggest hotel group, Mantra, for $1.2 billion. The deal will see Mantra, which has 138 hotels in Australia, New Zealand, Hawaii and Bali, and brands such as Peppers, BreakFree and Art Series, delisted from the ASX. The $3.96 a share cash offer meant […]
AccorHotels buys Mantra Group for $1.2 billion
Markets

A consortium has launched a $4 billion takeover for Healthscope

A consortium headed by private equity firm BGH Capital Fund has launched a $4.1 billion takeover of Healthscope, Australia’s second biggest private hospital operator. The takeover group includes AustralianSuper, Carob Investment Private Limited, a subsidiary of GIC Ventures, the Ontario Teachers’ Pension Plan Board and the Canada Pension Plan Investment […]
A consortium has launched a $4 billion takeover for Healthscope