Wednesday 19 June 2013
 
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Consortium threatens to quit Severn Trent bid

The Canadian-led consortium trying to buy Britain's Severn Trent threatened to walk away after its third approach was rejected, prompting two of the water utility's major shareholders to urge a return to talks. Shares in t

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Severn Trent bid consortium mulls options

British water firm Severn Trent has rejected a raised $8.2 billion takeover bid, with a deadline for the suitors to make a formal offer fast approaching.   The LongRiver cons

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Royalty Pharma ups bid for Irish drug firm to $8bn

US pharmaceutical investor Royalty Pharma on Friday raised its hostile bid for Irish drug firm Elan to a potential $8 billion, the third increase in five months. A majority of Elan shareholders have held off tendering their shares

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Severn Trent rejects $7.2bn Kuwait bid offer

UK water company Severn Trent has rejected a takeover offer valued at around 4.7 billion euros ($7.2 billion) from a consortium including the Kuwait Investment Office (KIO) setting the scene for an extended battle for control of the company.

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Verizon eyes $100bn bid for Wireless stake

  Verizon Communications has hired advisers to prepare a possible $100 billion cash and stock bid to take full control of Verizon Wireless from joint venture partner Vodafone Group, two people familiar with the matter said on Wed

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Al Habtoor augments Dubai’s Expo 2020 bid

UAE-based conglomerate Al Habtoor Group has reinforced its commitment to support Dubai’s bid to host the World Expo 2020. Under the direction of the chairman, Khalaf Ahmad Al Habtoor, all employees across the Al Habtoor Grou

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Emirates takes Dubai’s expo bid to the skies

  Dubai's national carrier Emirates is putting the full force of its A380 fleet behind the emirate’s bid to land the 2020 World Expo by attaching giant “Expo 2020, Dubai UAE, Candidate City” stickers to its

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Canada blocks $5bn Petronas bid for gas firm

Canada has blocked Malaysian state oil firm Petronas' C$5.17 billion ($5.2 billion) bid for gas producer Progress Energy Resources in a surprise move that could signal problems for a much larger Chinese deal in the country's energy secto

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Nine to bid for Oman $155m rail design job

Nine international companies or groups plan to bid for a contract that could be worth as much as RO60 million ($155 million) to design and consult on the construction of Oman's first major railway, a tender board official said on Monday.

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Oman invites bids for six oil blocks

  Oman has invited foreign oil companies to bid for exploration and development rights in six oil blocks around the country, the oil ministry said on Tuesday, as it pushes to raise production to 1 million barrels per day.

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