Takeda Pharmaceutical [TYO: 4502] might be able to count on support from its cross shareholders, which account for 30%-40% of its shareholder register, for its proposed acquisition of Shire [LON: SHP] at its EGM, said several fund managers and Takeda shareholders. “Cross shareholders who do business with Takeda and have supply relationships basically do

The UK Competition and Markets authority (CMA) could examine whether limited assortment discounters (LADs) and online platforms are competitive threats to large grocery players in its review of the acquisition of supermarket chain Asda by J Sainsbury [LON:SBRY], six competition lawyers told this news service. Last weekend, J Sainsbury announced

  Starbucks’ [NASDAQ: SBUX] excessive spending, underlevered balance sheet and carve-out opportunities make the coffee retailer a potential activist target, two sector advisors and an activist investor said.   Only a handful of funds can pull the trigger against the Seattle-based group given its size, these sources agreed. The investor estimated

  The Mednax [NYSE:MD] sale process is struggling as financial sponsors evaluate a buyout of the Sunrise, Florida-based healthcare services provider, several sources briefed on the situation said.   Some of the sponsors who conducted detailed due diligence and took management meetings have put their pencils down, four of the sources briefed

With the defense resting its case and the government set to call a rebuttal witness on Thursday in the AT&T [NYSE:T] antitrust trial, the market is signaling increased confidence in the telecom giant's chance of winning.   The net spread between AT&T's implied offer price for Time Warner [NYSE:TWX] and Time Warner's share price has narrowed over

Impetus for a break-up of Smiths Group [LON:SMIN] could come from an external factor such as a bid for one of its divisions, according to bankers and a fund manager.   A break-up is increasingly logical following the de-risking of its pension scheme and the demerger trend in the industrials sector, they said.   But with five divisions –

KLX [NASDAQ:KLXI], the Wellington, Florida-based aerospace company exploring a sale, is taking final bids this week from suitors, said four sources briefed on the matter.   In December, the distributor and service provider of aerospace fasteners and consumables announced it had started a strategic alternatives process in response to inquiries from

On 30 January, The Scotts Miracle-Gro Company’s [NYSE:SMG] stock fell 14% after reporting 1Q18 results that widely missed the mark due in large part to a sales decline at its Hawthorne Gardening division, owner of several hydroponic product brands. In the release, CEO Jim Hagedorn noted, “While we view the recent slowdown within Hawthorne as temporary,

A sharp share price decline at Ingenico [EPA:ING] is likely to attract takeover interest from bidders such as Atos [EPA:ATO] and Wirecard [ETR:WD] as the payments market continues to consolidate, industry bankers said. Ingenico is seen as vulnerable, said a first banker familiar with the industry. Strategic investors and funds are circling the asset, this

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