January 6, 2005 |
GlaxoSmithKline, Novartis and Johnson & Johnson Inc. may be potential buyers of Bristol-Myers Squibb Co.'s consumer-products business, which includes the Excedrin and Bufferin headache medicines, investors said Wednesday. Bristol-Myers is considering a sale of the assets to focus on its larger pharmaceuticals business, people familiar with the situation said. An acquirer would get a business that generated 2003 sales of $354 million, about 1.
July 10, 2007 |
Lear Corp. on Monday accepted an increased $3-billion takeover offer from billionaire Carl Icahn, but doubts remained as to whether the auto parts maker's shareholders would support the new deal. Icahn, Lear's biggest shareholder, raised his offer to $37.25 a share from a previous $36 that proxy advisory firms and several shareholders called too low. Just weeks ago, Icahn stood firm against raising the offer.
July 17, 2007 |
Lear Corp. shareholders rejected a $2.9-billion buyout offer Monday from a firm led by billionaire investor Carl Icahn, mounting enough opposition amid concerns that the bid undervalued the auto parts supplier. Icahn's American Real Estate Partners had improved its offer in the last week to $37.25 a share, but some shareholders said Lear was worth far more and questioned whether the deal was in their best interest.
February 10, 2007 |
Auto parts supplier Lear Corp. said Friday that it had agreed to a buyout offer by a group affiliated with billionaire investor activist Carl Icahn for about $2.8 billion, but it left the door open for a better offer. At least one major shareholder said he would try to get others who own stock to oppose the deal. Under the agreement, Icahn-controlled American Real Estate Partners would pay $36 a share; a Lear spokesman said that amounted to about $2.8 billion.
August 23, 2005 |
Whirlpool Corp. said on Monday that it reached a definitive agreement to buy smaller rival Maytag Corp. for $1.7 billion in cash and stock, capping months of bidding for the U.S. appliance icon. Maytag paid $40 million to sever its buyout pact with private equity firm Ripplewood Holdings and had been reimbursed for those funds by Whirlpool, the companies said. Maytag would be acquired for $21 a share, with Whirlpool assuming $977 million of Maytag debt.