Olivetti's bid for Telecom Italia advances
Article Abstract:
Olivetti SpA progressed in its efforts to acquire Telecom Italia SpA as the company's offer won the support of stockholders who constitute 20% of the group's capital. The news came just one day after Olivetti closed its bid acquire Telecom Italia for $60 billion. Telecom Italia failed in its attempt to stop Olivetti's tender offer. Telecom Italia claimed that investors' perceptions were "poisioned" by news reports on the level of acceptances.
Comment:
Olivetti SpA progresses in efforts to acquire Telecom Italia SpA
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Olivetti loses market-regulator ruling on takeover attempt for Telecom Italia
Article Abstract:
Olivetti SpA's attempted $58 billion acquisition of Telecom Italia SpA was rejected by Italy's Consob stock market watchdog. The ruling will allow Telecom to fight off a hostile takeover from Olivetti. Consob determined that the proposed acquisition was rife with too many unsettled regulatory issues. Olivetti must now file a new offer and allow Telecom time to defend against a bid.
Comment:
Olivetti's attempted $58 billion acquisition of Telecom Italia rejected by Italy's Consob stock market watchdog
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Unilever plans more cuts as sales rise
Article Abstract:
Anglo-Dutch consumer goods company Unilever Group is continuing its reorganization process, announcing that it will sell business units with around $2.73 bil in yearly sales. The largest sale will be its US laundry detergent division, having lost market share over the last 10 years. German firm Henkel KGaA may be a potential bidder.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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