Latest news with #Takeover
The Independent
3 days ago
- Business
- The Independent
US consortium completes Rangers takeover with promise to take club back to the ‘top'
A US consortium, led by Andrew Cavenagh and 49ers Enterprises, has completed its Takeover of rangers, pledging to restore the club to its peak. The new leadership now owns 51% of rangers after purchasing shares and has committed to investing £20m, primarily in players. Healthcare executive Andrew Cavenagh will become chairman, and Paraag Marathe, chairman of Leeds and president of 49ers Enterprises, will be vice-chairman. The Scottish Football Association approved the deal after rangers addressed dual ownership concerns, as 49ers Enterprises holds a majority stake in Leeds. rangers are set to intensify their search for a new manager, with Davide Ancelotti, the outgoing Real Madrid assistant manager, being a leading candidate.
Yahoo
7 days ago
- Business
- Yahoo
Rule 8 Announcement to Shareholders
Dundee Precious Metals Notice to Shareholders Regarding UK Disclosure Requirements TORONTO, May 26, 2025 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX:DPM) ('DPM' or the 'Company') wishes to direct the attention of its shareholders to certain disclosure requirements applicable to the possible offer by DPM for Adriatic Metals plc ('Adriatic') which was announced on 20 May 2025 (the 'Possible Offer'). DPM's shares are admitted to trading on the Toronto Stock Exchange under the symbol 'DPM'. The relevant disclosure requirements applicable to the Possible Offer are set out in Rule 8 of the UK City Code on Takeovers and Mergers (the 'Code'), which is published and administered by the UK Takeover Panel (the 'Takeover Panel'). In particular, Rule 8.3 of the Code requires that any person who is interested (directly and indirectly) in 1% or more of any class of relevant security of any party to the Possible Offer must make (a) an Opening Position Disclosure and (b) a Dealing Disclosure if they deal in any relevant security of any party to the Possible Offer during an offer period. DPM's common shares are relevant securities for the purposes of this offer period. Further information about the Takeover Panel's disclosure regime is available at: If any DPM shareholder has any questions on these disclosure requirements, the Takeover Panel's Market Surveillance Unit will be happy to answer them and should be contacted on +44 (0) 20 7638 0129. About Dundee Precious Metals Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Serbia and Ecuador. Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to deliver above-average returns for our shareholders. DPM's shares are traded on the Toronto Stock Exchange (symbol: DPM). For further information please contact: Jennifer CameronDirector, Investor RelationsTel: (416) 219-6177jcameron@ in to access your portfolio
The Herald Scotland
15-05-2025
- Business
- The Herald Scotland
Middle East firm gets more time to bid for Aberdeen's Wood
The extension is the latest development in a turbulent spell for Wood, which has been a takeover target since 2023, when it received and ultimately rebuffed several approaches from US-based Apollo Management Holdings. Apollo had seemed prepared to pay £1.7 billion for the company before walking away in April 2023. Middle East player Sidara then came to the table in May last year with an approach valuing Wood at around £1.6bn, before it pulled out of the running in August. Sidara re-emerged as a contender this year only this time its approach is significantly less lucrative. Its renewed interest has followed a torrid time for Wood, which has seen its share price fall to historic lows following an independent review commissioned by the company in November, which revealed 'material weaknesses and failures in the group's financial culture within the projects business unit and engagement between group finance and projects'. Shares in the company have been temporarily suspended following a delay in the publication of the group's results for 2024. Read more: Sidara is a large planning, design, engineering and project management group that has used acquisitions to drive growth. On April 14, Wood said that it received a 'holistic non-binding conditional proposal for Sidara' which included a possible cash offer of 35p per share to acquire the entire issued and to be issued share capital of the company. That would value the struggling Scottish company at about £241 million. 'The board of Wood is continuing to work with Sidara in relation to the pre-conditions to the possible offer set out in that announcement,' Wood said in a stock market announcement today. 'In particular, Wood and Sidara are continuing to engage with Wood's lenders and noteholders in relation to both the debt modifications and the Sidara liquidity arrangements (as defined in that announcement), and Wood is continuing to work with its auditor towards the publication of Wood's audited accounts for the financial year ended 31 December 2024. 'The board of Wood has therefore requested, and the [Takeover] Panel has consented to, an extension to the date by which Sidara is required either to announce a firm intention to make an offer for Wood in accordance with Rule 2.7 of the [Takeover] Code or to announce that it does not intend to make an offer, in which case the announcement would be treated as a statement to which Rule 2.8 of the code applies. Such announcement must now be made by not later than 5.00pm on 12 June 2025. 'This deadline can be further extended with the agreement of the Board of Wood and the consent of the Panel in accordance with Rule 2.6(c) of the Code. 'Further announcements will be made in due course. In the meantime, shareholders are not required to take any action in relation to the possible offer. 'There continues to be no certainty that an offer will be made by Sidara even if the pre-conditions to the possible offer are satisfied or waived. This announcement is being made with the consent of Sidara."
Time of India
02-05-2025
- Politics
- Time of India
May Day minutes
Some protesters are seen and heard, others swatted The number 50501 may mean nothing to you, or suggest a pair of jeans, or an internet error, but it made a splash in America on Thursday, which happened to be May Day, a.k.a. Labour Day. Reports say thousands of protests were held all across, from NYC to LA, under the 50501 banner, which is short for '50 protests, 50 states, 1 movement'. Typical of modern movements, Fifty-Fifty-One started on social media, and has been aiming at Trump's policies since Feb. For May 1, the theme was 'Stop the Billionaire Takeover', but all causes – tariffs to deportations – were aired. Such mobilisation is not unheard of in America, which was the battleground for an eight-hour workday about 150 years ago. But it's unusual now when worker unionisation is down to 11%. The irony is that the mecca of capitalism, America, is re-embracing May Day while communist China cares two hoots about workers' rights. Part of its vaunted efficiency is down to scale, but 12-hour workdays – the '996' culture – and cut-price wages also make American manufacturing uncompetitive. Chinese workers should learn from Trump, who, in his first term, was said to reserve three hours every morning for TV, calls and tweeting, and regularly take 'executive time' for more of the same through the day. Meanwhile, Trump might itch to emulate Erdogan, who marked May Day with a lockdown in Taksim Square and a crackdown on protesters. Hopefully, he wouldn't. Facebook Twitter Linkedin Email This piece appeared as an editorial opinion in the print edition of The Times of India.
Yahoo
01-05-2025
- Entertainment
- Yahoo
Quavo Names Gregory Jackson Jr. President of His Rocket Foundation for the Prevention of Gun Violence (EXCLUSIVE)
Quavo has named Gregory Jackson Jr., former Deputy Director for the first-ever White House Office of Gun Violence Prevention, as president of his Rocket Foundation, which is dedicated to preventing gun violence by supporting community-based solutions. This news comes on the heels of the Trump administration's dismantling of that White House department, where Jackson previously served alongside former Vice President Kamala Harris. More from Variety Action Thriller 'Takeover,' Starring Quavo and Billy Zane, Picked Up by 13 Films (EXCLUSIVE) Quavo's 'Huncho Farms' Event Provides Food to 500 Atlanta Families Quavo Explains Turning 'Tragedy Into Triumph' With Gun Violence Reform and Working With the White House In his new role, Jackson will oversee day-to-day operations of the foundation, advise on real-time policy and reform, expand active partnerships and the current network. Additionally, he will manage the annual programming and events of the foundation alongside its founder, Quavo, including the SPARK Grants Program and the Rocket Foundation Summit, which debuted in Atlanta last year on Takeoff's 30th birthday honoring his legacy. Takeoff, Quavo's nephew and bandmate in Migos, was murdered in 2022 in an incident in which he was an 'innocent bystander,' according to local police. Jackson presented Rocket Foundation founder Quavo with the Humanitarian Award at Variety's Hitmakers event last December (pictured above). A gun violence survivor himself, Jackson is a leading voice on gun violence prevention for Black and Brown communities. Prior to the White House, he was Executive Director of the Community Justice Action Fund, which advances policies to address gun violence in these communities. There he led efforts that secured over $12 billion in public funding for gun violence prevention and led to passage of the first gun violence law in 30 years, the Bipartisan Safer Communities Act. As Democratic Congressional Campaign Committee National Field Director, Jackson ran the largest midterm election voter registration program in U.S. history. 'No family should suffer tragedy or trauma from gun violence like the family of Takeoff endured, but sadly over 40,000 do each year,' said Jackson. 'The courage of Quavo, Titania, Edna and the entire family has been a true inspiration to me. It's an honor to lead this foundation's efforts to make our communities safer and honor the legacy of Takeoff.' 'I am thrilled to have Greg lead the charge for Rocket,' said Quavo. 'He is a longstanding partner of the organization and our persistent work to end gun violence. I know my foundation and Takeoff's legacy are in good hands with him.' Best of Variety New Movies Out Now in Theaters: What to See This Week What's Coming to Netflix in May 2025 What's Coming to Disney+ in May 2025
