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January 11, 2011

Hugh Hefner, founder of iconic consumer brand Playboy, has finally succeeded in his bid to regain control of the company he founded nearly 60 years ago.

Hugh Hefner, founder of iconic consumer brand Playboy, has finally succeeded in his bid to regain control of the company he founded nearly 60 years ago.

Playboy Enterprises Inc announced on 10 January that it has agreed to accept the offer from Icon Acquisition Holdings, a limited partnership controlled by Hefner, to take the company private for a total of $207 million.

January 6, 2011

Hyundai Group, the South Korea-based conglomerate controlled by the Chung family, had its bid to block the sale of Hyundai Engineering & Construction to rival Hyundai Motor rejected by a court in Seoul on 4 January.

Hyundai Group, the South Korea-based conglomerate controlled by the Chung family, had its bid to block the sale of Hyundai Engineering & Construction to rival Hyundai Motor rejected by a court in Seoul on 4 January.

The ruling leaves Hyundai Motor, which is controlled by a rival branch of the Chung family, free to acquire the 35% share of Hyundai E&C both sides of the family had been bidding for.

July 8, 2010

The S$3.2 billion bidding war between the Singh family and Khazanah, the investment holding arm of the Government of Malaysia, for Parkway Holdings Ltd has taken a new twist.

The S$3.2 billion bidding war between the Singh family and Khazanah, the investment holding arm of the Government of Malaysia, for Parkway Holdings Ltd has taken a new twist.

Khazanah had given itself until today to make another offer for Asia's largest hospital operator, but it has been announced that it will delay a decision for a further two and a half weeks. Khazanah made an original offer of S$3.78 per share in May before the Singh family countered with S$3.80.
 

January 13, 2010

Family-owned Ferrero, the Italy-based chocolate maker, has decided not to proceed with a bid for UK confectionary company Cadbury, according to media reports this morning.

Family-owned Ferrero, the Italy-based chocolate maker, has decided not to proceed with a bid for UK confectionary company Cadbury, according to media reports this morning. 

The decision was made by Michele Ferrero, the group's chairman and family patriarch, people familiar with the situation told the Financial Times. It is understood Michele Ferrero believed going forward with the bid would create too much debt for the company.

July 3, 2008

Drinks giant InBev has issued a response following fellow family-owned Anheuser-Busch’s rejection of it’s $65 per share takeover bid.

InBev has issued a response following fellow family-owned brewer Anheuser-Busch's rejection of it's $65 per share takeover bid. The Belgian firm believes the offer is fair and "remains committed to its proposal to create the world's leading beer company."

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