KNOC considers hostile bid for Dana after offer rejected

first_imgSunday 15 August 2010 10:48 pm THE KOREA National Oil Company (KNOC) is considering launching a hostile takeover of Aberdeen-based oil firm Dana Petroleum as early as this week, it emerged yesterday. Dana rejected a friendly bid from the firm last week after months of talks, saying the £18 per share offer “failed to recognise the value of the company’s recent developments and work in progress”. KNOC had also refused to sign a non-disclosure agreement that would have banned it from purchasing extra Dana shares during the takeover period. This now leaves the group free to bulk up its stake aggressively. “It’s definitely a live option, but at the same time a decision has not been made yet,” said a KNOC spokesperson yesterday. He would not comment on the timescale for any action planned by KNOC, but the firm is tipped to pounce as early as this morning. The group has courted Dana’s main shareholders in an attempt to smooth the path for a takeover. It has the support of a number of investors, notably Schroders, which has urged Dana to consider a bid at the level of £18 a share.Meanwhile, energy firms Talisman, Nexen and ONGC have emerged as potential rivals in the battle to take control of Dana. whatsapp whatsapp KCS-content Tags: NULL More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ KNOC considers hostile bid for Dana after offer rejected Sharelast_img read more

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Blackstone’s James says capital is difficult to raise

first_img Show Comments ▼ KCS-content TONY James, president of US private equity business Blackstone Group, said yesterday there isn’t enough capital available from investors to fund all the opportunities he sees in the market.“In 2005 and 2006, if you put it out well, you could raise as much as you could invest,” James, 59, said at the Bloomberg Dealmakers Summit in New York. He added: “That’s no longer the case.”Blackstone, the world’s biggest private-equity firm, has raised $13.5bn (£8.6bn) for its sixth buyout fund, 40 per cent less than it gathered for its previous pool. In the past year, the company has sold $1bn of debt to fund acquisitions and hire teams to diversify to offset a decline in buyouts. Its largest unit runs fund of hedge funds and credit investing, with $52.4bn of assets. “The economics are not going to be attractive for a few years,” James said. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Thursday 30 September 2010 10:28 pm Tags: NULL whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Blackstone’s James says capital is difficult to raise Share last_img read more

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WHAT THE OTHER PAPERS SAY THIS MORNING

first_img Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Share THE SUNDAYSThe Sunday TelegraphMAUDE DEMANDS SERCO ANSWERSerco is to be ordered to explain to the government why it took the highly unusual step of writing to its leading suppliers to demand that they pay a blanket 2.5 per cent “cash rebate” on their work this year or risk losing future contracts. Serco, a £3bn company that runs prisons, nuclear facilities, schools and ports for the government, said that it was making the demand so that it can meet government requests for savings. CANDOVER LOOKS TO SELL QIOPTIQ Private equity firm Candover is gearing up for a £400m sale of its high-end defence company Qioptiq. Qioptiq, which makes spy lenses, missile defence systems and thermal imaging technology, is being prepared for a possible sale in the second quarter of 2011 by NM Rothschild. THE SUNDAY TIMESNORWAY BUYS UP REGENT STREETNorway’s sovereign wealth fund is poised to buy a chunk of London’s Regent Street in a deal that will value the shopping district at £1.6bn. The Norwegian Government Pension Fund Global, run by the investment arm of Norges Bank, has been selected as the Crown Estate’s preferred bidder from a shortlist of four candidates.MERGER OR SALE LOOMS FOR CHRYSALISChris Wright, the veteran music tycoon, is tuning up for talks aimed at a merger or sale of Chrysalis, the company he founded 43 years ago. The hunt for a deal, which could hasten 66-year-old Wright’s retirement, is being prompted by shareholder frustration at the group’s lowly share rating and a desire to increase the size of the business. Chrysalis has a catalogue of more than 70,000 music copyrights.TODAYFINANCIAL TIMESCOST OF RUBBER SET TO RISEThe cost of tyres, gloves and condoms is set to rise following a 65 per cent jump in the price of natural rubber in the past year. The surge is the result of heavy rains in the main rubber-producing region of south-east Asia, which have disrupted rubber tapping. The rubber price has tripled in two years, surpassing the record level set in 1952 when fears about the potential spread of the Korean War triggered panic buying.OBAMA TO APPEAR IN AOL RELAUNCHBarack Obama will appear on AOL.com as part of his get out the vote effort on election day, and a relaunch of the beleaguered website. He pre-recorded a segment called “You’ve Got,” a slot that will now air on AOL’s redesigned home page.The Daily TelegraphMINISTERS TO SAFEGUARD GAS SUPPLYThe government is planning to change the law to persuade the major energy companies to build up enough gas stockpiles to last through a “supply emergency”. Its new measures are intended to ensure that Britain does not suffer price volatility and shortages, as almost happened two winters ago when Russia turned off the taps to Europe over a dispute with Ukraine.RATE RISE THREAT FOR 3M HOME OWNERSAlmost 3m homeowners would struggle to pay their mortgage if interest rates rose by just two percentage points. This equates to more than one in three mortgage holders. Even if rates rose by less than two points, an estimated 1.6m mortgages would be deemed “unaffordable”, according to guidelines set out by the Financial Services Authority.THE TIMESTORY MINISTER AIDED TYCOONA Tory cabinet minister intervened on behalf of one of the world’s richest cocoa dealers to help him overcome a trading ban after receiving £40,000 in donations from his company. Andrew Mitchell, the international development secretary, acted after being approached by the millionaire cocoa dealer who was seeking to lift an official ban on his firm trading in west Ghana. ITV TO QUIT CORRIE STUDIOSCoronation Street’s famous cobbles are set to be transported from central Manchester to a state-of-the-art home next to the BBC’s new northern base at Salford Quays. ITV is this week expected to submit planning applications for a studio complex and offices on the banks of the Manchester Ship Canal. The move confirms Salford as an important media hub. KCS-content Show Comments ▼center_img WHAT THE OTHER PAPERS SAY THIS MORNING whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBD Sunday 31 October 2010 11:35 pmlast_img read more

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L’OREAL FAMILY ENDS FEUD

first_img whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Share L’OREAL FAMILY ENDS FEUD center_img Monday 6 December 2010 7:17 pm FRANCE’S richest woman, L’Oreal heiress Liliane Bettencourt (far left), and her daughter said yesterday they had settled a family feud that had led to tax and political funding investigations. Investment analysts said the agreement should end months of feuding that had on occasion raised questions over the long-term solidity of the Bettencourt family as core shareholders. Show Comments ▼ Tags: NULLlast_img read more

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Chi-X Europe launches new exchange for CFDs

first_img KCS-content EUROPE’S second-largest equities market, Chi-X Europe, has begun trading centrally cleared contracts-for-difference (CFDs) for institutional investors.The new service, which will operate as a joint initiative with European clearing house LCH.Clearnet, could serve to keep the exchange ahead of regulatory moves to make the over-the-counter derivatives market more transparent.It aims to standardise the market for CFDs, which are often traded privately between brokers, making transactions invisible to the wider market. European regulators hope to force CFDs through exchanges and clearing houses under new legislation planned for this year, which will bring in pan-European controls for over-the-counter derivatives from 2012.The CFDs market was thought to be worth £1 trillion last year in the UK, according to the latest estimates by US research Tabb Group. Chi-X post trade services manager Nathan Renyard said: “With any new market that we launch it’s always a soft launch and you have to bring in clients slowly. This is a world first, so there’s some sense of educating people and bringing clients on board.“CFDs are an important market and we’re providing a service which we know the market needs.” Show Comments ▼ Monday 10 January 2011 7:22 pm whatsapp Sharecenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Chi-X Europe launches new exchange for CFDs Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comlast_img read more

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EU gives approval to Sanofi bid

first_img French drugmaker Sanofi-Aventis won European Union regulatory approval yesterday for its hostile $18.5bn (£11.7bn) takeover bid for US biotech firm Genzyme, saying the deal would not reduce competition in Europe. Sanofi has offered $69 a share – or $18.5bn – to acquire Genzyme, but the price has been rejected by Genzyme chief executive Henri Termeer as too low. Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Tags: NULL Wednesday 12 January 2011 7:58 pm whatsapp Show Comments ▼ Share whatsapp EU gives approval to Sanofi bid KCS-content last_img read more

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Dotcom frenzy as Zynga gets $9bn price tag

first_img Show Comments ▼ Tags: NULL ONLINE gaming group Zynga is holding talks with potential investors which could lead to it raising $250m (£156m) in new funding.That may give Zynga a valuation of between $7bn and $9bn, in yet another example of rich valuations for technology companies that some analysts have compared to the dotcom boom. Zynga, known for games including FarmVille and Mafia Wars, filed papers in April authorising the issuance of new stock that valued the company at about $4bn. Last week, Google and Facebook , plus others, held low level takeover talks with Twitter that give the sensation a value as high as $10bn. Facebook is said to be worth a cool $50bn, according to a recent private placing. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Dotcom frenzy as Zynga gets $9bn price tag whatsapp Share KCS-content whatsapp Monday 14 February 2011 9:21 pmlast_img read more

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STV sees its profits more than double

first_img Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Thursday 24 February 2011 8:40 pm Show Comments ▼ STV sees its profits more than double Sharecenter_img KCS-content whatsapp STV is likely to bid for a licence to broadcast as part of Culture Secretary Jeremy Hunt’s radical shake-up of local television.STV chief executive Rob Woodward said he is “excited” by the plans and told City A.M. he “wouldn’t be surprised” if a bid was made, adding he is in talks with the department of culture, media and sport.The channel yesterday announced it has more than doubled its pre-tax profit from £6m to £13m as the advertising market continued to recover. Operating profit grew 57 per cent to £14m.TV revenues increased 16 per cent year-on-year and Woodward expects advertising to grow a further six per cent in the first quarter of 2011.The news sent STV shares surging 15 per cent, with Woodward saying he sees no signs of an advertising relapse. He said: “This is a strong set of results. The most positive part is that we are now delivering growth across all parts of the business.“Digital has been especially encouraging and we have already beaten the usage metric set for 2012 so we are going to upgrade our forecasts. This confirms the rebound – the positive momentum is continuing and we see no signs of a slowdown.”Overall revenue at STV increased from £110m to £112m, with debt also increasing from £49m to £52m. Tags: NULLlast_img read more

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