S&P, Moody's assign investment-grade ratings to notes for Airgas debt offering Two ratings services have given investment-grade ratings to an Airgas Inc. plan to raise $250 million from a debt offering. The Radnor, Pa., industrial gas supplier said Wednesday it will sell ...
The Red Knights, a group of wealthy Manchester United supporters, confirmed Tuesday that they had begun moves towards a possible takeover of the heavily-indebted club. The group, which includes some senior City of London figures including Goldman Sachs chief economist Jim O'Neill, ...
Major stock indexes rose to their highest levels in more than a month Monday after corporate buyouts raised hopes about the economy. The Dow Jones industrial average rose 79 points. The Standard & Poor's 500 index, the basis of many mutual funds, ...
Stocks rose Monday following AIG's biggest asset sale since being rescued by the government and reports of a bailout for Greece. The Dow Jones industrial average rose 60 points in late afternoon trading. The Nasdaq composite index led major indexes after a ...
<div><p>British confectionery group Cadbury said on Monday that it will respond next week to a hostile takeover bid from US giant Kraft Foods that was posted to shareholders before the weekend.</p><p>Kraft, which has been repeatedly snubbed by management, on Friday appealed directly ...
<div><p>Australia's competition regulator said Tuesday it had launched an informal review of BHP Billiton's proposed joint iron ore venture with Rio Tinto to seek comment on the controversial deal.</p><p>The Anglo-Australia mining giants on Saturday signed a binding agreement to combine their vast ...
<div><p>Europe's competition watchdog on Wednesday extended its probe into Kraft Foods Incorporated's hostile takeover bid for British confectionery group Cadbury after the US giant offered "remedies" to antitrust concerns.</p><p>European Commission competition authorities will not now come up with a judgment on Kraft's ...
<div><p>BOURNVILLE (Reuters) - British and Irish Cadbury <CBRY.L> workers kicked off a campaign to fight a hostile bid from Kraft Foods <KFT.N> on Tuesday vowing to pressure the UK government to do what it can to resist the bid.</p><p> ...
<div><p>British chocolate maker Cadbury on Monday rejected a hostile takeover offer from US giant Kraft Foods, describing the formal bid as "inadequate" and ramping up its defences.</p><p>"The board unanimously rejects Kraft's wholly inadequate offer as it substantially undervalues Cadbury and recommends shareholders ...
<div><p>Chocolate maker Cadbury on Tuesday blasted Kraft again over its "derisory" and "unwelcome" takeover bid, arguing that the US food giant had run out of ideas.</p><p>Cadbury had already rejected Kraft's hostile formal bid on Monday, describing it as "inadequate" in a defence ...
