Veolia launches €11 billion offer for Suez but French court blocks takeover
The water and wastewater management giant, Veolia, launched an offer on Sunday for the entire share capital of its rival company, Suez, for a total of 11.3 billion euros ($13.6 billion), after months of trying to win the backing of the Suez board.
Since Veolia acquired a 29.9% stake in Suez in October and becoming its largest shareholder, the Bertrand Camus-led firm has resisted all takeover moves from Veolia, saying recently it had received a letter of intent from the funds Ardian and GIP (Global Infrastructure Partners) proposing an amicable takeover at a price of 18 euros per share. A move Veolia immediately discarded.
Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) plans to report Fourth Quarter 2020 financial results on Monday, March 1, 2021. Management will present the results
A consortium led by Blackstone and Global Infrastructure Partners agreed to a $4.7 billion deal for Signature Aviation on Friday, ending a bidding war between the two investors for the British aviation service provider in a transaction led by four law firms.
2 Min Read
(Reuters) - A bidding war for Signature Aviation took a new twist on Friday as former Gatwick owner GIP joined forces with Blackstone and Bill Gates’ investment vehicle on an offer valuing the private jet services firm at $4.73 billion.
Slideshow ( 2 images )
Signature said it was recommending the new proposal and had withdrawn its support for a previous offer by GIP, which last month raised its bid to $5.50 per share.
This topped a $5.17 joint offer last month by Blackstone and Signature’s top shareholder, Cascade.
The latest offer of $5.62 per share could end a months-long takeover battle for London-listed Signature, which at one point attracted interest from private equity firm Carlyle.