HOSTILE TAKEOVER
Gokul Dairy row: Thousands take to streets in Kolhapur against Maharashtra government's decision to appoint directors
Thousands of people participated in a march in Kolhapur to protest against changes to Gokul Milk Cooperative voting rules. The Congress accused the BJP-led Maharashtra government of trying to take control following recent elections. Following a dispute over voting rights, the BJP's strength in the cooperative increased from 12 to 16 seats. Chief Minister Devendra Fadnavis defended the decision, claiming it was necessary to address quorum issues.
Who controls powerful AI? Anthropic has a plan for long after its leaders depart
Anthropic has filed for an IPO with a planned valuation of $1.5 trillion. The company has established a governance structure that ensures alignment with its mission to benefit humanity. Seven co-founders will retain supervoting power for critical decisions, insulating the company from external investor pressure.
LVMH signed a secret 2002 pact to buy Hermes heir's shares. Now he says his fortune is missing
Luxury giant LVMH signed a secret 2002 agreement to buy Hermes shares from Nicolas Puech. The company also paid his wealth manager over twenty million dollars in fees. Puech alleges his fortune vanished through schemes involving his late wealth manager. LVMH denies any attempt to acquire Puech's stake against his will.
What Elon Musk's hostile takeover bid for Twitter really means
Musk may succeed, or not. But the ongoing uproar is certainly further proof that those who shout their liberalism from their rooftops or armchairs 24x7 are hardly liberal. What they are actually fighting for is their right to censor opinions they don't like. Musk threatens their secure proscriptive club and their power to 'cancel' people and views.
Invesco is trying to takeover ZEE in a clandestine manner: Subhash Chandra
On September 11th, Invesco sent a requisition to the company, seeking an extraordinary general meeting (EGM) of the shareholders to remove Goenka and two other directors, and induction of six independent directors.
MSMEs urge urgent govt action to prevent hostile takeovers by Chinese investors
In a recent letter to the government, small-sized industries want the Centre to temporarily halt FDI through automatic route, which is currently possible for over 1,000 industries, with just 16 sectors, including defence and telecom, requiring government scrutiny.
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L&T becomes Mindtree's promoter with 60.06% stake
L&T was holding 9,87,79,179 equity shares in Mindtree as of July 2, 2019.
L&T picks up Mindtree shares worth Rs 70 cr during May 27-30
L&T, which has been pursuing a hostile takeover of Mindtree, has expressed its intent to ramp up its shareholding up to 66 per cent.
L&T picks up 98,000 Mindtree shares, raises stake to 28.87%
After the latest transaction, L&T's shareholding in Mindtree stands at 28.87 per cent. The latest stock purchase was made at Rs 980 apiece.
Mind completely occupied with Mindtree acquisition; will make it a big firm: A M Naik
L&T will launch the open offer to buy additional stake in Mindtree in around 10 days, Naik said.
L&T acquires 8.86 lakh shares of Mindtree
After the transaction, L&T's shareholding in Mindtree increased to 26.48 per cent.
L&T acquires 1,168 shares of Mindtree
The mode of the acquisition was open market purchases.
Companies build up defences to keep raiders at bay
While hostile takeovers are common in developed markets, India has seen very few cases.
L&T buys Rs 113 cr Mindtree shares via open market
Last week, L&T had purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore.
Not a lost battle yet: With peace offer, a Mindtree co-founder hopes to turn the tide
Krishnakumar Natarajan said Mindtree was open to reaching a 'middle ground' with L&T by way of a talk.
Is Team Mindtree coming to terms with L&T reality? What can happen now
On its part, L&T has ruled out a merger, but that’s only “for the time being”.
Long-drawn battle with L&T may hurt Mindtree: Analysts
If the process drags on and generates substantial bad press, it can affect future growth of the company, says Everest Research CEO.
The two sides of the Mindtree story, decoded down to the last detail
A hostile takeover may be legit, but what of the ethics part? This big face-off will provide many answers.
How Mindtree became the object of a hostile takeover battle between its management and L&T
A deal with L&T would create a $2.4-billion IT services firm with four verticals of reasonable scale.
LTI-Mindtree combined entity to overtake TechM in two major verticals
The brokerage firm added that the combined entity will have trailing 12-month (TTM) revenue of $837 million in BFSI.
View: War over Mindtree! Good for all shareholders
The deal fulfils L&T’s long-cherished ambition for such an acquisition after its high profile, but unsuccessful attempt to acquire former scam-tainted Satyam Computers.
Mindtree founders hope to stall takeover
Mindtree founders continue their search for a white knight even as they oppose the largest shareholder and Coffee Day founder V G Siddhartha’s impending sale of his 21% stake to L&T.
Hostile takeovers: Is India Inc ready?
Kraft Foods' unsolicited bid for Cadbury has lifted M&A activity, but has also drawn attention to hostile takeovers.
Basmati king Kohinoor faces hostile takeover
A bitter battle is brewing as India's biggest player in the rice market, Kohinoor Foods (formerly Satnam Overseas), which accounts for about 38% of the country's basmati market, is trying to ward off what it sees as a hostile takeover bid.
No hostile takeover bid for Orchid: Ranbaxy
Ranbaxy, which has been linked to a hostile takeover bid of Orchid Chemicals, has said it does not believe in such practices.
Orient-Express makes hostile takeover difficult
Orient-Express Hotels, the luxury hospitality chain, has erected considerable defences to make a hostile takeover difficult.
Icahn may plan hostile bid for Samsung Electronics
US investor Carl Icahn may be planning a hostile takeover bid for Samsung Electronics, South Korean media reported on Friday.
Prefer hostile bid to hefty CEO pay
Active mkt for corporate control will deter misdeeds like excessive pay. Hostile takeovers are needed.
Hostile takeovers needed
Most of the commentary on the prime minister’s call for moderation of promoter and senior executive salaries makes it clear that there are few takers for moral suasion among the beneficiaries of globalisation.
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