British newspapers and the BBC wrote a letter to the U.K. government asking it to examine Rupert Murdoch’s bid to take over British Sky Broadcasting Group, saying the deal could harm the public interest.
Contin…
Avon Products Inc. (AVP) gained in trading on the Germany stock market after British newspaper The Daily Mail said L’Oreal SA (LRLCY) may bid for the company.
Avon’s German-traded shares advanced 6.2% from the Oct. 11 closing price in New York to $35.22 at 12:59pm in Frankfurt, Bloomberg News said.
That would give the company, which is based in New York, a market value of $15.1…
Continue reading Avon Rises in German Trading on Reports of L’Oreal Bid
Avon Rises in German Trading on Reports of L’Oreal Bid originally appeared on DailyFinance on Tue, 12 Oct 2010 07:44:00.
Filed Under: Company News, Retail, Market News
Children’s clothing retailer Gymboree (GYMB) has agreed to be acquired by private-equity firm Bain Capital Partners for $1.8 billion in an all-cash deal, the companies said Monday.
Bain’s offer values Gymboree stock at $65.40 a share, a 24% premium t…
Newsweek magazine and news website The Daily Beast are in talks about a possible merger, according to The Wall Street Journal.
The two news outlets are considering a structure whereby Tina Brown, co-founder and co-owner of The Daily Beast, would beco…
Microsoft CEO Steve Balmer’s not-so-secret meeting with Abode CEO Shantanu Narayen to discuss a joint battle strategy against Apple raised the tantalizing possibility of an Adobe buyout. That deal wouldn’t just be good for Micr…