Toronto -- Canadian Pacific Railway Ltd. said Wednesday it has received a takeover "inquiry" from a Canadian asset-management company but was not in takeover talks.
The railroad's shares were halted temporarily on the Toronto Stock Exchange after The Globe and Mail reported a private-equity consortium led by Toronto's Brookfield Asset Management Inc. was preparing a takeover offer.
London -- British supermarket giant J Sainsbury PLC said Wednesday it had received a preliminary takeover bid from a Qatari royal family investment group.
Britain's third-largest supermarket chain would not say how much the Delta (Two) Ltd. bid was for, but The Financial Times and other British newspapers said it was about $24.6 billion, or about $12.30 a share, including debt.
There seems to be no light at the end of the tunnel yet for Sunnyvale-based Internet giant Yahoo!, whose second quarter revenues fell by 2 percent yet another year. A 2 percent fall in itself is enough to cause discomfort to shareholders of a company.
With independent and small businesses, it has been the proverbial David vs. Goliath battle. And this time around, it is not David that has been winning. SunRocket, an independent Internet phone provider, went the same way on Monday.
Madrid -- Spanish cigarette maker Altadis SA has agreed to be bought by Britain's Imperial Tobacco Group PLC for about $18 billion, published reports said Tuesday.
The $69-a-share all-cash offer, set to be announced Wednesday, matches a competing bid by London private-equity firm CVC Capital Partners Ltd., The Wall Street Journal in New York and The Telegraph in London reported.
New York -- Warner Music Group Corp. said Tuesday it would not mount a bid for British rival EMI Group PLC, clearing a path for a $4.9 billion private-equity takeover.
Warner executives decided they could not justify an offer of more than $6.15 a share -- an amount they believed would have been required to beat London's Terra Firma Capital Partners, which had bid $5.43 a share, The Financial Times reported.
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