Volkswagen says its offer represents a premium of more than 50 per cent.
CANBERRA, Australia—Australia on Friday blocked the $3.4-billion Australian-dollar ($3.1 billion) takeover bid by U.S. food giant Archer Daniels Midland Co. for GrainCorp Ltd. Treasurer Joe Hockey, invoking a rarely used power to veto foreign investment, said he rejected the 100…
Chinese-state owned companies play by different rules, economist says
Says it will consider further offers
Opinion poll show 69 per cent Canadians oppose takeover.
Industry Minister says process will initially take up to 45 days.
Mining-giant emerges as white knight, igniting potential bidding war with Cameco Corp.
After chip maker Microsemi Corp. announced a US$548.7 million hostile take-over bid for Zarlink Semiconductor, the Ottawa-based company’s shares soared 50 per cent.
Strong dollar, high commodities boosting M&A activity