takeover

"The best defence against takeovers is usually a strong share price and well-managed company, " said the group.

The next year or two will doubtless see mergers and takeovers. Some of the weaker manufacturers will die.

Sales of the stakes the savings banks hold in Spanish companies and takeovers of laggards by the healthier ones could fund some of that.

He said the threat of hostile takeovers would keep South Korean companies alert to the constant need to become more efficient.

Within a few years of the crash, 16 countries suffered military coups or takeovers by strong men in Latin America alone.

After all, Western takeovers can be brutal, too, and a buyer is by and large entitled to do as it pleases.

Some participants in the meeting say it was also an effort to set ground rules for other takeovers of state-owned companies.

China's anti-monopoly law can be more than just a tool to block foreign takeovers of domestic companies (see Coke-Huiyuan).

Indeed, since the end of July, discussions about large private equity takeovers have virtually ground to a halt, say Wall Street bankers.

To what extent should companies be allowed to protect themselves from hostile bids or creeping takeovers?

Deals of this size in travel and travel technology have been rare since the major PE-led takeovers of the GDSs.

America's rules on takeovers would also make this sort of occurrence impossible in most cases.

But China's internet firms may not be much of a guide to the broader potential for hostile takeovers . They are a rare breed.

"It's an issue that's going to set a benchmark for takeovers and corporate concentration around the world, " he says.

Bad debts, risks lurking off the balance sheet, and a wave of potential takeovers of weak banks all sound distant.

Such a deal would constitute one of the biggest takeovers of all time.

Taken together, his bold moves heralded the fastest start by a President-elect in memory and one of the most dramatic takeovers ever.

Buying Nufarm would represent one of the largest Chinese takeovers of an Australian company.

Both takeovers underscore the appetite for large gold mergers in a market which has been crying out for consolidation.

Short-term credit problems could also encourage more takeovers in a sector still dominated by a large number of relatively small companies .

They also have to be conscious that the issues in takeovers are often complex.

France has drawn up a list of strategic industries, including casinos, that it thinks need special protection from foreign takeovers.

The next year or two will doubtless see mergers and takeovers.

Organic Growth The growth rate of a company, excluding any growth from takeovers, acquisitions, or mergers.

The strategy of holding stakes in companies in the middle of takeovers is called 'merger arbitrage. '

Paradoxically, despite the takeovers, the state's share of GDP seems still to be around 30%, the same as it was in 1998.

Second, several takeovers fit into a broader picture of global consolidation.

Blackstone has warned of a slowdown in large private equity takeovers due to the upheaval in credit markets.

But it was blocked by Chinese regulators, a decision seen at the time as unreasonable hostility to foreign takeovers in Beijing.

Yet the headlong expansion continues, either through the opening of yet more new stores or through a rash of takeovers.

Regulators' desire to increase supervision of creeping takeovers is telling.

Provides objective financial analyses, support and recommendations for investment projects including takeovers, when required.

Under the many changes contained in the legislation, takeovers cannot be implemented until cleared by enforcement authorities.

Australian bosses also point out that China does not welcome foreign takeovers of its firms.

What was needed was not a succession of ad hoc government-backed takeovers.

Pure domestic funds also have the potential to launch takeovers, while foreign private equity deals are usually limited to minority stakes.

Then, again, all of this apocalyptic speculation about takeovers and bankruptcies could be overblown.

Natural resources and manufacturing should be targets. Lots of money will be made on takeovers in these areas.

It was conceived in Shropshire in the UK and has now fallen almost accidentally into US hands through a series of takeovers.

At home, companies face a slowing economy, a cultural aversion to takeovers and an ageing and declining population.

The China Securities Regulatory Commission is circulating for public comment additional draft measures regarding public takeovers.

His government recently announced similar takeovers of an agricultural-services firm and farmland.

He says he insisted the firm do no equity research or hostile takeovers because he felt those activities conflicted with clients' interests.

Poison pills is one strategy used to defend against hostile takeovers.

That means they would probably still have to settle for minority stakes in most investment targets, rather than full takeovers.

VW has the state of Lower Saxony as a big shareholder and a special law to protect it from takeovers.

They collected millions for helping to arrange the takeovers and for selling the bonds that made those deals possible.

Peabody yesterday called upon Australia's Takeovers Panel to intervene, citing "unacceptable circumstances" .

Labour (again) pledges freedom for hospitals, plus takeovers of failing schools (potentially triggered by parents) and police forces.

That may be why CME Group, the biggest and savviest derivatives-exchange operator, has always stuck to domestic takeovers.

Schaeffler and Porsche are in trouble after launching murky, ill-conceived takeovers involving derivatives and mountains of debt.

Perhaps this might have some positive consequence in the sense that the government will finally push for some takeovers.

But the moves do not appear to curb the broad powers that CFIUS has to review foreign takeovers, and may expand them in some ways.

There has been a slew of mergers and takeovers.

The fear of foreign takeovers 'in the German banking world is over, ' said Mr. Schmidt.

This 1988 law grants the president broad authority to suspend foreign takeovers that he determines could impair US national security.

A wave of foreign takeovers, and forays abroad by Brazilian firms, have both increased demand for managers with international experience.

Several high-profile foreign takeovers of Chinese companies have recently ground to a halt.

This trend has played into the hands of the big private-equity firms, which now lead a fifth of all takeovers, measured by value.

His call follows a succession of interventions by rich country governments to block foreign takeovers on grounds of national interest.

Linda everywhere to starfish sniper, to the oath starfish, corporate takeovers starfish underfoot, to blow mind is hate.

And as a further guarantee of supply, it is parlaying some of its holdings into takeovers.

The Australian government's decision last week to cut a planned new tax on mine profits may trigger more takeovers of resource companies.

Foreign takeovers have been the other trigger for unusually public criticism.

Alternatively, Mr Riboud could opt for several smaller takeovers, or go for a share buy-back or special dividend.

Hostile takeovers at business are business equivalent of nuclear wars but without the dignity, pretty ugly affairs.

Most targets of Chinese takeovers need an interpreter. It pays to be wary.

Take the leveraged loans that private-equity groups are hoping to use to finance takeovers of quoted companies.

Political objections to foreign takeovers of domestic resources champions would loom large.

Joseph Flom, a legendary lawyer who participated in many of the big hostile takeovers of the 1970s and 1980s, died at the age of 87.

But takeovers are not an option for the biggest banks, which are already considered dangerously large.

Takeovers of strong brands like Volvo remain the exception, not the rule.

Meanwhile, the Reserve Bank of India, the central bank, frowns upon using bank loans to fund takeovers, so they rarely happen.

Of course, not all foreign takeovers generate local benefits. But neither do all greenfield projects.

However, Chinese companies have largely eschewed big takeovers, in part because of a lack of management expertise.

Some bankers say what happens to Carlyle is an important test of China's attitude to foreign takeovers.

Buffett, 80, accumulated the world's third-largest personal fortune through a career of stock picks and takeovers.

Further failures can result in school closures, state takeovers and the firing of teachers and administrators.

But lately, a number of foreign takeovers have been approved.

Increase in the number of hostile takeovers in the mining industry.

This typically occurs in the context of mergers, takeovers, or internal reorganizations.

The bigger problem for buy-out firms is posed by long-standing restrictions on bank takeovers by non-financial firms.

Firms resist takeovers, rather than viewing them as the natural combinatory process of business, as in the West.

Stop recently retired players becoming part of consortiums in club takeovers at too young an age.

And although Japanese boards eschew hostile takeovers at home, they have few such qualms for foreign firms.

Yet copying its strategy has become far harder now that most big emerging markets are in effect closed to large takeovers by foreign firms.

Since gaining independence in 1971 in a war against Pakistan, Bangladesh has suffered a series of military takeovers and coup attempts.

One effect of the agreement, which will be signed in Washington, DC, on April 30th, is to make takeovers more likely.

However, Mr Lavin said allowing foreign takeovers of leading companies would be in China's own industrial interest.

This has left many private companies vulnerable to takeovers from state competitors.

The attacks on foreign takeovers have been part of a fierce debate about the thrust of market reforms in China.

But takeovers in the other direction are not possible: the savings banks are protected by local laws.

Takeovers in corporate China are rarely a straightforward matter .

"There are friendly and hostile takeovers in business, but in the end all takeovers need to be agreed upon by shareholders, " Mr Tsao said.

Big takeovers are no longer popular at home or abroad.

Other charges are mostly groundless. Takeovers, whether by private or public companies, tend to lead to redundancies and cost cuts.

India's government proposed a retroactive tax on foreign takeovers of Indian assets.

Companies have also held back from selling bonds, issuing shares or doing big takeovers.

Even hostile takeovers should not be ruled out.

Politicians in both Europe and America continue to blanch at foreign takeovers.

Were bankers such as Milken conscious that they were committing criminal acts during the takeovers in question?

In the 20th century came the bloody Japanese takeovers of the Shandong Peninsula and Manchuria.

Why, then, the groundswell of opposition to foreign takeovers?

Third, there is a new class of hedge funds and activist investors acting as cheerleaders and facilitators for takeovers.

But by and large foreign takeovers have probably done the economy more good than harm.

But there are signs China is ready for both broader direct investment, and corporate takeovers, in eastern Europe.

Flush with profits from a booming domestic economy, Indian companies spent about $33 billion in 2007 on overseas takeovers.

Today hostile takeovers are common in most countries although sometimes certain sectors are protected because of national interest.

"public indignation about takeovers causing people to lose their jobs" (Allan Sloan).

Goldman refused to advise on hostile takeovers until the late 1990s.

Takeovers among drug companies may become more contested as patents expire and they seek growth through acquisitions.

While the UK, France and Germany have systems to review sensitive takeovers, none is as developed as Cfius.

Special Situations: Invests in event-driven situations such as mergers, hostile takeovers, reorganizations, or leveraged buy outs.

Keep real spending on schools rising until March 2013. Allow takeovers of failing schools.

The Chinese companies do not have everything in their favour: in some countries they face barriers to takeovers.

Takeovers, whether by private or public companies, tend to lead to redundancies and cost cuts.

After a wave of takeovers during the past decade, its return on capital is mediocre.

No other takeovers are planned in the medium term, the source said.

A PwC survey showed a 35 per cent first-half drop in Chinese takeovers that involved a foreign buyer.

As a result, the spate of bailouts and takeovers of the past month or so is pushing Washington into unfamiliar turf.

Whether you represent large or small corporations, this resource gives you the information you need to protect them from hostile takeovers.

Yet even though takeovers in China have become easier, foreign companies still face plenty of restrictions.

Out would go mad strategic initiatives, doomed takeovers, suicidal rebranding exercises and so forth.

Takeovers in the UK are not, however, decided by such things.

But the Hsu Fu deal is a complex one, not least because few takeovers on this scale have ever been pulled off in China.

Undoubtedly, such broad concepts will provide leeway for the government to block future Xugong- like takeovers.

That will smooth the way for the large overseas takeovers by Chinese companies that the future is certain to bring.

The other is the rise of giant cross-border takeovers.

Cyclical industries such as retailing and food manufacturing may also see lots of mergers and takeovers.

High-profile takeovers are new to China.

They certainly do corporate takeovers a little differently in China.

And they are testing the waters of overseas deals, steering clear of takeovers in unfamiliar markets.

Commercial-bank takeovers of investment banks have a horrible history because of the stark cultural differences.

When they start doing so, there are already ways for countries to prevent takeovers that pose a risk to security.

Oesterle, Nutshell. "The Target Board's Power to Block Takeovers. " Chap. 9.

But American-based managers were more likely also to trade "event-driven" strategies, based on unexpected occurrences such as takeovers.

They can shield managers from stockmarket short-termism and hostile takeovers. But they cause problems, too.

At the end of last year he introduced new legislation to protect businesses from foreign takeovers in 11 security-related sectors.

The value of announced takeovers in the region reached a record $187bn in the first three months of the year.

Takeovers of companies in Asia were worth $7. 8bn last year, almost double the previous year's figure.

Does it open the doors to a wave of Chinese takeovers?

Why the British welcome foreign takeovers, but dread being taken over

The best way of rescuing troubled hospitals may be to allow takeovers

Business The growth in technology takeovers Moving up the stack

The Duties of the Directors of the Target Company in Hostile Takeovers: German and Europe Perspective

Issues Relevant to the Conditions for Listing and Trading of Shares of Target Companies in Takeovers by Offer Circular

takeovers, including reverse takeovers and backdoor listings;

Scaring the salarymen Fear of foreign takeovers may spur change in corporate Japan

Special Considerations For Public Company Takeovers

takeovers and mergers panel securities and futures commission

Panel on Takeovers and Mergers (Takeover Panel) [London]

Guidelines on Exempt Principal Trader Status under the Codes on Takeovers and Mergers

Codes on Takeovers and Mergers and Share Repurchases

Code on Takeovers and Mergers [Takeovers Code]

Guidelines on Exempt Fund Manager Status under the Code on Takeovers and Mergers

an independent panel on takeovers and mergers

The city Code on Takeovers and Mergers

Hong Kong Codes on Takeovers and Mergers and Share Repurchases(publication)