Posts Tagged ‘hostile takeover’

Dollar General’s attempt to buy Family Dollar goes hostile

GOODLETTSVILLE, Tenn. — Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash. That offer was rejected last week by the company’s board, which […] [...]

Callon calls Lone Star’s actions ‘ill-advised and self-serving’

NATCHEZ — Callon Petroleum Company has issued the following statement concerning recent demands made by Lone Star Value Management, LLC (“Lone Star”): “Lone Star’s demands appear both ill-advised and self-serving. By advocating for a sale now, Lone Star seems to be focused on realizing a quick trading profit, which would be contrary to the interests of […] [...]

CF makes another run at Terra

NEW YORK — CF Industries Holdings Inc. said late last week that it has begun its unsolicited $4.8-billion offer for fertilizer company Terra Industries Inc., which has already accepted a buyout offer from a Norwegian company. Chemical maker CF, based in Deerfield, Ill., March 2 offered $37.15 in cash and nearly one-tenth of a share […] [...]

Terra entertains another offer

YAZOO CITY — CF Industries is making another offer for fertilizer-maker Terra Industries just six weeks after vowing to end its hostile pursuit. CF said today it is offering $37.15 in cash and nearly one-tenth of a share of common stock for each Terra share. Chemical maker CF, based in Deerfield, Ill., says the offer […] [...]

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