Self-Interest Driving Safran’s Zodiac Acquisition, TCI Asserts

With additional reporting by Valeria Camerino – Safran has a moral and ethical obligation to consider shareholders’ views in relation to the Zodiac merger, TCI Fund Management told CTFN, and said that it considers self-interest tofeatured

Lawyers Question TCI’s Ability to Block Safran-Zodiac Merger

With additional reporting by Valeria Camerino Hedge fund operator TCI Fund Management said it is going to fight against Safran’s agreed bid for aircraft equipment manufacturer Zodiac Aerospace. Legal advisers following the situation say this might not be easy as it is not compulsory for Safran to call a general meeting before launching a takeover … Read Morefeatured

Sibanye Shareholders Hold Mixed Views of Stillwater Deal

Sibanye Gold’s increased equity portion might not be enough to convince shareholders to vote in favor of its takeover of US-based platinum and palladium producer Stillwater, a Southfeatured

Sibanye Gold Expected to Make Concessions for Stillwater Deal

Sibanye Gold is trying to ease pressure from shareholders by increasing the equity portion of its offer for U.S. platinum group metals and palladium producer Stillwater, but the dealfeatured

Alere Races Against Trial Date to Complete Arriva Medical Appeal

Alere is hoping to erase one major obstacle to its merger with Abbott Laboratories — the uncertainty over its Arriva Medical subsidiary — before an April court date that will determine thefeatured

Acquirers Unlikely to Show Interest in Windstream Prior to EarthLink Closing

Acquirers are unlikely to take an interest in Windstream prior to the company closing its $1.1 billion acquisition of EarthLink, two sector bankers and an industry executive told CTFN. On November 7, Windstream announced that it wouldfeatured

Spectrum Auction Proceeds Expected to Disappoint

Industry sources expect proceeds from the Federal Communications Commission’s auction of broadcast spectrum to fall short of original estimates. Sources predicted that total proceeds would be half initial estimates of between $15 billion and $20featured

High Court Sanction of Odebrecht Settlement Could be Months Away

Brazilian corruption-tainted conglomerate Odebrecht is rumored to have signed a record-breaking $2.5 billion leniency agreement with public prosecutors. However, the agreement, which has not been officially confirmed by the company or thefeatured

BR Distribuidora Sale Process Stalled

Bidders for Petrobras’ BR Distribuidora have received a letter from the company on December 8 asking them to wait for “further instructions,” an advisor on the sale told CTFN. The source said that potential suitors, which includefeatured

National Grid Looks for Gas Transmission Deal before Christmas

National Grid is expecting a definitive agreement for the disposal of its natural gas transmission and distribution network to be signed before Christmas, not just a memorandum offeatured

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