2006-05
07 15:08:00Mecom shortlisted in Orkla Media auction - report
LONDON (AFX) - Mecom Group PLC, the AIM-listed media investment company headed by former Mirror Group chief executive David Montgomery, is through to the second round of bidding for Orkla Media, which is being auctioned off by its parent company Orkla ASA, the Business reported, citing City sources.
2006-05
07 14:21:57Saurer's Behr expects to defeat hedge fund's plans for cash return to s/holders
ZURICH (AFX) - Saurer AG board president Giorgio Behr said he remains confident of defeating a motion by UK hedge fund group Laxey which aims to force the Swiss industrial group's management to return 140 mln sfr to shareholders at next week's AGM.
2006-05
07 14:04:25Scottish & Southern eyes water sector as RWE plans Thames Water sale - report
LONDON (AFX) - Power supplier Scottish & Southern Energy PLC is looking at expanding into the water sector for the first time, the Mail on Sunday reported without citing sources.
2006-05
07 14:00:55EMI to raise Warner offer - report
LONDON (AFX) - Music giant EMI Group PLC is preparing to increase its offer for Warner Music Group Corp with a proposal that would see it boost the cash the Mail on Sunday reported, citing a source.
2006-05
07 13:48:48Danone steps up search for US acquisitions
BOSTON (AFX) - Groupe Danone is looking a bit more 'actively' than before for potential acquisitions in the US, said the group's North American head, Juan-Carlos Dalto.
2006-05
07 13:46:53Italian prosecutors probing Autostrade/Abertis merger - report
MILAN (AFX) - Italian prosecutors have opened an investigation into the planned merger between Autostrade SpA and Abertis Infraestructuras SA of Spain, daily La Stampa reported on Sunday.
2006-05
07 13:46:15Banca Intesa, others ready to buy 5 pct of Prada - report
MILAN (AFX) - Banca Intesa SpA and a group of private equity funds are ready to buy a 5 pct stake in Italian fashion group Prada by subscribing to a 300 mln eur reserved capital hike, daily Finanza & Mercati said Saturday.
2006-05
07 13:44:10De Agostini chairman says Toro Assicurazioni not up for sale
MILAN (AFX) - De Agostini chairman Marco Drago said Toro Assicurazioni SpA, in which the Italian publishing group has a majority stake, is not up for sale.
2006-05
07 13:43:32Banca Intesa CEO says a counteroffer for Autostrade is possible
MILAN (AFX) - Banca Intesa SpA chief executive Corrado Passera said an offer could be launched for Autostrade SpA to counter the latter's plans to merge with Abertis Infraestructuras SA of Spain.
2006-05
07 13:27:51Areva's Lauvergeon says Alstom tie-up is 'open question'
PARIS (AFX) - Areva chief executive Anne Lauvergeon said she considers a tie-up with Alstom 'an open question'.
2006-05
07 13:25:31Suez shareholders approve poison pill scheme
PARIS (AFX) - Suez shareholders at Friday's AGM approved a so-called poison pill defence measure against hostile takeover bids, allowing the group to create up to 2.7 bln eur in new shares. For more information and to contact AFX: www.afxnews.com and www.afxpress.com