Latest news with #takeoverbid
Bloomberg
5 days ago
- Business
- Bloomberg
Mediobanca Sets Investor Vote on Banca Generali Bid for Aug. 21
Mediobanca has scheduled a shareholder vote on its Banca Generali takeover bid for Aug. 21, according to a company statement. 'The Board of Directors believes that the offer for Banca Generali represents a significant growth opportunity which is consistent with the Mediobanca Group's strategic objectives,' Mediobanca said in a statement late Wednesday.
Times
20-07-2025
- Business
- Times
Meet the woman behind the €1.4bn Dalata buyout coup
Liia Nõu, chief executive of Pandox, the Swedish hotel investment group, reveals on a Microsoft Teams call that she has just taken up golf. Her favourite player? Rory McIlroy. Having just agreed to pay €1.4 billion for Dalata, Ireland's largest hotel group, Nõu has displayed the touch of a master. Even Alf Smiddy, a senior independent director at Dalata up to 2021, and a critic of the proposed deal, saluted Pandox and its largest shareholder, Eiendomsspar, for the 'textbook execution' of a takeover bid. 'They played a blinder — confident, fast, savvy and strategic,' Smiddy posted on LinkedIn last week. He is dismayed, however, at the 'surrender of the Dalata board'. Eiendomsspar, which owns 36 per cent of Stockholm-quoted Pandox, teed up the transaction. It built a stake in the owner of the Clayton and Maldron hotel brands in the wake of a capital markets day last October. Five months later, the board of Dalata announced a strategic review, including a formal sales process (FSP). 'That opened up the opportunity to Pandox,' Nõu says.
Wall Street Journal
07-07-2025
- Business
- Wall Street Journal
KKR Fails to Get Any Acceptances for $2.32 Billion Assura Takeover Bid
Private-equity firm KKR KKR 3.03%increase; green up pointing triangle said it hasn't received any acceptances for its 1.70 billion-pound ($2.32 billion) takeover bid for U.K. healthcare-property investor Assura by Friday. KKR–which currently owns 164.5 million Assura shares, or 5.06% of its issued share capital–said Monday that its offer is open until 1200 GMT on Aug. 12, and encouraged Assura shareholders to accept it as soon as possible.
