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NEW YORK: HP Inc.’s board unanimously rejected Xerox Holdings Corp.’s unsolicited takeover proposal, saying the $22-a-share offer is too low and citing concerns about the smaller rival’s prospects in the printing industry.
PETALING JAYA: Another offer with a reduction in toll charges has come in for PLUS Expressways Bhd concessionaires from low-profile Widad Business Group Bhd (WBG), which has made a RM3bil bid for the prized highways.
KUALA LUMPUR: Widad Business Group (WBG), has offered to buy the PLUS Expressways Bhd concessionaires by taking over 51% of Khazanah Nasional Bhd’s shares for RM1.5bil in cash consideration, or 100% of Khazanah and Employees Provident Fund’s (EPF) shares for RM3bil in cash consideration.
BEIJING: London Stock Exchange Group Plc’s rejection of a takeover proposal from Hong Kong Exchanges & Clearing Ltd. shows that there are doubts around the world over Hong Kong’s development potential, according to a People’s Daily commentary.
LONDON (Bloomberg): London Stock Exchange Group Plc has rejected a takeover proposal from Asian rival Hong Kong Exchanges & Clearing Ltd, saying the bid has "fundamental flaws.”
SYDNEY: Australian adult education provider Navitas Ltd on Monday rebuffed a A$1.97 billion ($1.4 billion) approach from its founder and a private equity firm, leaving some investors concerned the tactic may not generate a better deal.
BENGALURU: Australia's BWX Ltd, a marketer of branded skin and hair care products, on Monday said it received an unsolicited takeover proposal from two senior company officers in partnership with Bain Capital Private Equity, valuing the company at A$803.4mil ($603.1mil).
SYDNEY: Canadian investment firm Brookfield Asset Management made a US$3.3bil approach for Australian hospital group Healthscope, trumping a local buyout proposal and sending shares of the target up to a two-year high.
MELBOURNE: Australian gas producer Santos Ltd said it rejected a A$9.5bil (US$7.2bil) takeover approach in August, sending its shares up 13% on speculation another offer was likely to emerge.
MAJU Holdings has not succeeded in its bid to take over PLUS Malaysia Bhd as the Government has concerns about the risks and uncertainty over the proposed move.