2006-04
16 14:17:21BAA confirms it rejected 870p bid approach from Goldman Sachs consortium
LONDON (AFX) - BAA PLC, the world's biggest airport operator, has confirmed that it received a a 'highly conditional' bid approach on March 30 from a consortium including US investment bank Goldman Sachs which proposed making a cash offer worth 870 pence per share.
2006-04
16 13:36:23Sanofi-Aventis hopes to double Japan sales in 3 years, does not rule out buys
TOKYO (AFX) - Sanofi-Aventis SA hopes to double its sales in Japan in around three years and does not rule out acquisitions in the country, according to Jean-Francois Dehecq, the French drug maker's chief executive.
2006-04
16 12:24:00Yell is sole remaining bidder for Spanish directories business TPI - report
LONDON (AFX) - Yell Group PLC, publisher of Britain's Yellow Pages, is the sole remaining bidder for TPI, the Spanish directories group that is being sold by its majority owner Telefonica SA, the Financial Times reported Saturday.
2006-04
16 11:48:17Babcock asks for bid deadline - report
LONDON (AFX) - Babcock International Group PLC, the British engineering and support services group, has asked the Takeover Panel to impose a 'put up or shut up' deadline on potential bidders BAE Systems PLC and VT Group PLC, the Sunday Telegraph reported.
2006-04
16 11:06:29NYSE admits to merger talks
LONDON (AFX) - The New York Stock Exchange has admitted it is in merger talks with rival exchanges, raising the prospect of a fresh bidding war for the London Stock Exchange PLC or another European bourse.
2006-04
16 10:45:10Eircom receives 2.4 bln eur bid
LONDON (AFX) - Eircom PLC, the former Irish state-owned telecommunications monopoly, has received a 2.36 bln eur (1.63 bln stg) takeover offer led by Australian financial services group Babcock & Brown Capital Ltd, the Financial Times reported.
2006-04
16 09:23:06China's Sinopec units say have no information to release on state share reform
SHANGHAI (AFX) - Two listed units of China Petroleum & Chemical Corp (Sinopec) (SHA 600028; HK 0386; NYSE SNP) said at the weekend they have no information to release at the moment regarding plans to float non-tradable state holdings. For more information and to contact AFX: www.afxnews.com and www.afxpress.com