It undervalues breakthroughs developed and paid for by Canadian taxpayers.
|
|
The student loan servicer said the bid undervalues the company.
|
|
Top Novae shareholder Neptune said the offer undervalues the firm.
|
|
That price undervalues Sprint by about 40 cents per share.
|
|
Daniel: I think that [society] really undervalues boundaries and limits.
|
|
How do I counter an offer that undervalues my work?
|
|
Qualcomm has dismissed the offer, saying it undervalues the company.
|
|
Medivation has maintained that the current Sanofi offer undervalues the company.
|
|
One group undervalues real knowledge; the other group overvalues fake knowledge.
|
|
To latest buyout proposal undervalues the base metals miner and its assets.
|
|
Metro has previously said the EP Global commerce offer substantially undervalues it.
|
|
But Qualcomm's board continue to argue the offer "dramatically" undervalues the company.
|
|
Qualcomm continues to maintain that Broadcom's prior offer materially undervalues the company.
|
|
Unilever said then that the Kraft Heinz offer "fundamentally undervalues" the company.
|
|
Finally, an education system that undervalues critical thinking skills will stifle market competitiveness.
|
|
Akzo said the latest bid still undervalues the company and faces antitrust risks.
|
|
They're expected to reject the deal since it undervalues the company, Bloomberg reported.
|
|
This "significantly undervalues the company," ENKRAFT said in the letter dated Nov. 4.
|
|
Tiffany & Co argued that the $120-per-share offer significantly undervalues the jeweler.
|
|
It misses or undervalues much of the most important gains from economic development.
|
|
BURKE: Yahoo's board rejects a bid from Microsoft, saying the proposal substantially undervalues Yahoo.
|
|
"McCormick's proposal significantly undervalues the business," Premier Chairman David Beever said in a statement.
|
|
Tribune Publishing — Tribune rejected Gannett's unsolicited takeover bid, saying it undervalues the company. Questions?
|
|
He also undervalues the alliances that underpin them, which are a second American advantage.
|
|
Some activist shareholders have opposed the sale, arguing the deal significantly undervalues the unit.
|
|
Despite Melrose's victory, GKN said it still believed the bid "fundamentally undervalues" its business.
|
|
With Europe, as with so much else, he gravely undervalues what he is giving up.
|
|
At times, Beijing also artificially undervalues its currency to lower the cost of its exports.
|
|
The deal, ICAMAP said, "significantly undervalues" Atrium and "is unfair and unacceptable to minority shareholders".
|
|
Spire reveiwed the proposal and decided that it significantly undervalues Spire and its prospects, it added.
|
|
WPP and other Asatsu-DK shareholders have said the Bain offer significantly undervalues the Japanese company.
|
|
Broadcom in November made an unsolicited $103 billion bid for Qualcomm, which Qualcomm says undervalues it.
|
|
Akzo said the latest bid still undervalues the company and faces antitrust risks, among other factors.
|
|
Unilever said it had spurned the offer, which it said "fundamentally undervalues" the British-Dutch company.
|
|
This has emboldened investors such as Icahn to argue that Dell's offer undervalues the tracking stock.
|
|
Elliot has been saying for weeks that Capgemini's proposal of 14 euros per share undervalues Altran.
|
|
Most of the time, working in an environment that undervalues us can damage our self-esteem.
|
|
The student loan servicing company said the $12.50 per share proposal undervalues the company, among other issues.
|
|
Investor Carl Icahn is among large investors who say the current $22 billion bid undervalues the shares.
|
|
The bid "meaningfully undervalues HP and disproportionately benefits Xerox shareholders," Chairman Chip Bergh said in a statement.
|
|
HP (HPQ) has once again rejected Xerox's $33.5 billion takeover bid, claiming it "significantly undervalues" the company.
|
|
"We believe Prosus' current all-cash offer of 710p significantly undervalues the group," investment director Frederik Nassauer said.
|
|
AkzoNobel issued a statement saying the new bid undervalues the company and does not address risks for shareholders.
|
|
Prosperity Capital Management, which owns about 7 percent in Lenta, believes the price offered by Mordashov undervalues Lenta.
|
|
A source close to some of the minority investors said the improved offer still "materially" undervalues the company.
|
|
Braas opposes the offer, saying it undervalues the company, and has called on shareholders to reject the bid.
|
|
The media sidelines, stereotypes and undervalues women in all our diversity, in its output and in its structures.
|
|
"I think its stock dramatically undervalues the overall enterprise ," Cramer said, looking ahead to its Friday earnings report.
|
|
Qualcomm is trying to show investors that Broadcom's $103 billion cash-and-stock offer significantly undervalues the company.
|
|
It undervalues our most important resource, which is our inventiveness, our ingenuity, our ability to solve big problems.
|
|
Despite the valuation gap, Just Eat's board rejected the Prosus offer, arguing that it "significantly undervalues" the company.
|
|
I can understand Perry's desire to build his own domain in an industry that notoriously undervalues black art.
|
|
According to Marcato, which holds a 2.7 percent stake in Acreage, the bid by Canopy undervalues the company.
|
|
Qualcomm says Broadcom's offer significantly undervalues the company, assuming it can favorably resolve its ongoing litigation with Apple.
|
|
It undervalues the array of professional connections into industry that young people need to compete — their social capital.
|
|
The two investors, who control 15 percent of Xerox, argue the transaction dramatically undervalues Xerox and "disproportionately" favors Fuji.
|
|
Icahn and other hedge fund investors have resisted the plan, saying the proposed deal massively undervalues the tracking stock.
|
|
But the Anglo-Dutch consumer goods giant has declined, saying in a statement the offer "fundamentally undervalues" the company.
|
|
The state of play: Just Eat's board has already rejected Prosus' unsolicited bid, claiming it "significantly" undervalues the company.
|
|
The cancer drug maker has already turned down a $9.3 billion by France's Sanofi, saying the bid undervalues Medivation.
|
|
She said she sometimes can't even pay her train fare to work because Yelp underpays and undervalues its employees.
|
|
Icahn and other hedge fund investors have resisted the plan, saying the proposed deal massively undervalues the tracking stock.
|
|
In "Quiet," Cain argues that society undervalues introverts — people who prefer listening over speaking — and so is missing out.
|
|
It's indicative not just of a culture that invites predation, but also one that undervalues the contributions of women.
|
|
"We reiterate that we reject Xerox's proposal as it significantly undervalues HP. "Additionally, it is highly conditional and uncertain.
|
|
Soon, Arnold and his mother come to blows over how society undervalues gay love vis-à-vis straight love.
|
|
You've spoken out strongly about how Hollywood undervalues women and perhaps paid a price in terms of your career.
|
|
But the deal ran into heavy opposition from Mr. Icahn and Mr. Deason, who say it undervalues Xerox's assets.
|
|
The $103 billion hostile bid from Broadcom, then, "dramatically undervalues" the company, Qualcomm said in a letter to shareholders.
|
|
Just Eat's boards have endorsed their agreed deal with Takeaway and say the Prosus offer "significantly undervalues" the company.
|
|
The "revised proposal fundamentally undervalues the group and remains significantly below the valuations set by recent industry transactions," Smurfit said.
|
|
The two investors, who control 15 percent of Xerox, argue the transaction dramatically undervalues the company and "disproportionately" favors Fuji.
|
|
Shareholders can take legal action if they believe a deal undervalues their company, provided they do not tender their shares.
|
|
Hellmann's mayonnaise owner Unilever rejected Kraft Heinz's offer Friday, saying the proposal "fundamentally undervalues" the Anglo-Dutch consumer goods giant.
|
|
But let's face it: Hollywood still undervalues African-American talent and audiences and has historically shied away from interracial relationships.
|
|
United Technologies also said Honeywell's per share offer of $42.63 in cash and 0.614 Honeywell share "grossly undervalues" the company.
|
|
Michael Dell and Silver Lake ultimately acquired the company for $24.4 billion, a price tag Icahn said "greatly undervalues it."
|
|
According to Marcato, which holds a 2.7 percent stake in Acreage, the $3.4 billion bid by Canopy undervalues the company.
|
|
"We think that this offer is very opportunistic and massively undervalues Vedanta," said the shareholder, who declined to be identified.
|
|
Broadspectrum laid out six reasons for its recommendation, calling the offer opportunistic, conditional and one that significantly undervalues its shares.
|
|
But critics say that it makes comparisons difficult and undervalues improvements that could be made to the most inefficient cars.
|
|
Unilever, however, said the $22011 billion offer undervalues the company and that it does not see any basis for further talks.
|
|
A report from the Government Accountability Office says the federal program undervalues its launch insurance and ought to update its estimates.
|
|
Aphria – The cannabis producer rejected a hostile takeover bid from rival Green Growth Brands, saying the bid significantly undervalues the company.
|
|
Akzo said the unsolicited $22.1 billion cash and stock offer undervalues the company and isn't in the best interests of shareholders.
|
|
Some producers say that method undervalues cattle, and the fall in prices has refocused attention on efforts to improve the system.
|
|
Analysts said that the most likely scenario now is for Atlantia to improve its offer price because the bid undervalues Abertis.
|
|
That is a fairly slim mark-up, and a source close to WPP told Reuters that Bain's offer significantly undervalues ADK.
|
|
The cash-and-stock offer "significantly undervalues HP and is not in the best interests of HP shareholders," company officials wrote.
|
|
Unilever quickly responded that the offer — an 18 percent premium to its closing share price on Thursday — "fundamentally undervalues" the company.
|
|
The most recent proposal from Xerox "meaningfully undervalues HP, creates significant risk, and compromises HP's future," HP said in a statement.
|
|
Putting a dollar value on these impacts is crucial because even when thousands of deaths are involved, society undervalues chronic, widespread problems.
|
|
Investment funds, including Elliott and Bluebell Partners, agree with the industrial plan but say the share price offered undervalues the company's worth.
|
|
Those people said Toshiba could listen to activist shareholders who oppose the sale saying the $18 billion price tag undervalues the business.
|
|
The San Francisco cancer drug maker has already turned down a $9.3 billion by France's Sanofi (SNY), saying the bid undervalues Medivation.
|
|
Student-loan servicer Navient has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company.
|
|
The German group opposes the offer, saying it does not include a premium and significantly undervalues the company and its future prospects.
|
|
They want to label China as a currency manipulator that undervalues the renminbi to help its exporters win sales in overseas markets.
|
|
Hedge fund Land & Buildings Investment Management LLC has also said it does not support Baker's deal, claiming it undervalues the retailer's real estate.
|
|
But the German group opposes the offer, saying it does not include a premium and significantly undervalues the company and its future prospects.
|
|
The "board of RPC believes the current share price significantly undervalues the performance to date and the Group's future prospects," the company said.
|
|
"These nominees are inherently conflicted given Broadcom's desire to acquire Qualcomm in a manner that dramatically undervalues Qualcomm to Broadcom's benefit," Qualcomm said.
|
|
GREGORY ALEXANDER MARKSNew York The surpluses you identify coincide with the advent of the euro, which undervalues the German currency by some 40%.
|
|
However, independent directors of the subsidiary urged shareholders to reject the proposal, saying it "undermines corporate governance commitments" and "significantly undervalues" the firm.
|
|
"The transaction that Versum recently disclosed significantly undervalues Versum," Merck Chief Executive Stefan Oschmann said in a letter to Versum's board of directors.
|
|
Mach said it plans to use the purchased shares to vote against the Air Canada-Transat deal, saying the offer "greatly undervalues" Transat.
|
|
The proposed merger is opposed by Deason and Carl Icahn, two of Xerox's top shareholders, who have said the agreement dramatically undervalues Xerox.
|
|
Immarsat said the offer significantly undervalues the company, as it had when it rejected a prior offer from its U.S. rival last month.
|
|
The proposed merger is opposed by two of Xerox's top shareholders, Carl Icahn and Deason, who have said the agreement dramatically undervalues Xerox.
|
|
Parliament's finance committee said in a report on Wednesday that the government, National's main shareholder, should reject the offer as it undervalues National Bank.
|
|
The result is a bureaucracy that puts controlling costs above quality and undervalues the clinical intuition around which medicine's professional identity has been constructed.
|
|
Metro said that the unsolicited offer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further.
|
|
The Andersons' board of directors said it determined that HC22 proposal undervalues the company and are not in the best interests of its shareholders.
|
|
This low multiple undervalues the strategic value of Marketo, one of the few SaaS companies with thousands of customers on five-figure annual contracts.
|
|
Some shareholders and creditors challenging Peabody in bankruptcy court say the executives could reap a much bigger windfall because Peabody's estimate undervalues the stock.
|
|
This follows a lawsuit by activist investor Darwin Deason, who along with fellow Xerox shareholder Carl Icahn has said the deal substantially undervalues Xerox.
|
|
Metro - which has previously said the EP Global commerce offer substantially undervalues it - said it took note of the announcement from Meridian and Beisheim.
|
|
Qualcomm said last Thursday that Broadcom's new offer still undervalues it and falls well short of the firm commitments on regulatory issues it expected.
|
|
"Elliott's substantial investment in SoftBank Group reflects its strong conviction that the market significantly undervalues SoftBank's portfolio of assets," Elliott said in the statement.
|
|
That suggests the market either undervalues those businesses or assigns little to no value to Google's cash pile of $115 billion, net of debt.
|
|
JP Morgan said that Wesfarmers' share price bid "fundamentally undervalues" Kidman's share of the joint venture, adding that Mount Holland is a "Tier-1" project.
|
|
CBS says that it has made every effort to avoid the blackout, but it that won't agree to terms that it says undervalues its programming.
|
|
Aberdeen Asset Management, an investment management company in Scotland that holds a stake in SABMiller, has publicly opposed the deal, saying it undervalues the company.
|
|
Deason and Icahn have argued that Xerox's board acted in a self-interested fashion and failed shareholders by approving a deal that undervalues the company.
|
|
"The Board has concluded that Broadcom's proposal dramatically undervalues Qualcomm and comes with significant regulatory uncertainty," Qualcomm's Presiding Director Tom Horton said in a statement.
|
|
A group of UBI investors holding 225% of the Italian bank's capital on Monday said a takeover offer by Intesa Sanpaolo significantly undervalues the stock.
|
|
WPP, which holds 25 percent of Asatsu-DK, and other shareholders have said the bid by the U.S. private equity firm significantly undervalues the company.
|
|
Vintage wouldn't comment on the report, but Rent-A-Center said in a Securities and Exchange Commission filing that the proposal significantly undervalues the company.
|
|
Deals • HP turned down a takeover offer from Xerox, saying that the bid "significantly undervalues" the company, but left the door open for further negotiations.
|
|
In an unusually terse rejection, it said the Kraft Heinz offer "fundamentally undervalues" the company and that the proposal had "no merit, either financial or strategic".
|
|
Ablynx said in a statement that its board "unanimously concluded that the proposal fundamentally undervalues Ablynx and its strong prospects for continued growth and value creation".
|
|
Jeff Jonas, a portfolio manager at Kindred shareholder Gabelli Funds, agreed that the Humana deal undervalues the company and would like to see a higher price.
|
|
Last week, David Hung, a founder and the president and chief executive of Medivation, called Sanofi's proposal "opportunistically timed" and said it "substantially undervalues" the company.
|
|
USG – The building materials company remains on watch after rejecting a $42 per share takeover bid from German gypsum producer Knauf, saying it undervalues the company.
|
|
"The board of eOne has reviewed the proposal and has unanimously rejected it on the basis that it fundamentally undervalues the company and its prospects," it said.
|
|
In an interview last week, Saikawa acknowledged shareholders' concerns that the current structure undervalues their investment, but added that changing it was "really not the current priority".
|
|
In a statement, Just Eat recommended that shareholders reject the Prosus offer, which it said "significantly undervalues" the company and its prospects, and stick with the Takeaway.
|
|
The move is considered a huge win for Carl Icahn and Darwin Deason, who have been attempting to kill the Fujifilm deal, which they believe undervalues Xerox.
|
|
Calling themselves "long term-oriented investors" who are "here to stay", Millstone and Winter oppose the planned merger that they say significantly undervalues Clariant and overvalues Huntsman.
|
|
In an interview last week, Saikawa acknowledged shareholders' concerns that the current structure undervalues their investments, but added that altering it was "really not the current priority".
|
|
Mattel is said to have told its rival toymaker that its bid undervalues the company and also does not take into account possible antitrust issues with regulators.
|
|
The proposal "significantly undervalues" the company, overlooking its reputation in mobile technology and potential for growth, Paul Jacobs, Qualcomm's board chairman, said in a statement on Monday.
|
|
This is a step toward Trump bolstering his administration with loyalists, but raises questions about whether the White House undervalues relevant professional experience in comparison, CNN said.
|
|
"Elliott's substantial investment in SoftBank Group reflects its strong conviction that the market significantly undervalues SoftBank's portfolio of assets," a spokesperson for the firm wrote in an email.
|
|
Spark faces several lawsuits in the United States brought by shareholders challenging the sale to Roche, on grounds that it undervalues Spark's stock and is unfair to shareholders.
|
|
"ZPG's proposal is highly opportunistic and fundamentally undervalues the company and its prospects," Sir Peter Wood, GoCompare's chairman, said of the approach, which was made on Nov. 8.
|
|
"The board of eOne has reviewed the proposal and has unanimously rejected it on basis that it fundamentally undervalues the company and its prospects," it said on Wednesday.
|
|
However Spark faces at least three lawsuits in the United States by shareholders challenging the sale, on grounds that it undervalues Spark's stock and is unfair to shareholders.
|
|
Some activist shareholders oppose the sale saying that the $18 billion price tag undervalues the business and Toshiba should renegotiate with the Bain group or consider an IPO.
|
|
America has been dominant for so long that it takes for granted outcomes that support its policies and interests, and undervalues the systemic advantages of institutions and norms.
|
|
This will be the first time the companies have held formal discussions about the deal, although Qualcomm last week said the latest bid still undervalues the company. Amazon.
|
|
The $18 billion price tag for the chip unit "significantly undervalues the business," the letter said, adding that the board should consider instead an IPO for Toshiba Memory.
|
|
Hedge fund Polygon, which has also previously argued that Fox's offer undervalues Sky, said the British company could now be sold for more than 15 pounds-a-share.
|
|
Qualcomm's Board remains unanimous in its view that Broadcom's current offer of $79.00 per share, as well as the previous offer of $82.00 per share, materially undervalues the company.
|
|
"Elliott's substantial investment in SoftBank Group reflects its strong conviction that the market significantly undervalues SoftBank's portfolio of assets," a spokesperson for the hedge fund said in a statement.
|
|
Dutch paints and chemicals rival Akzo Nobel has rejected an unsolicited $22.1 billion cash and stock bid from U.S.-based PPG Industries (PPG), saying the offer undervalues the company.
|
|
Elliott has said it opposes the sale to Berkshire because it believes it undervalues Oncor, and has argued it owns enough of Energy Future's debt to veto the deal.
|
|
HP on Sunday rejected Xerox's $22 per share offer that consists of $17 in cash and 0.137 Xerox share for each HP share, saying the offer "significantly undervalues HP".
|
|
Over the weekend, a number of shareholders raised concerns about the price, with both Standard Life Investments and Jupiter Asset Management saying that the proposed bid undervalues the company.
|
|
"The unsolicited proposal we received from PPG substantially undervalues our company and contains serious risks and uncertainties," Ton Buchner, the Akzo Nobel chief executive, said in a news release.
|
|
Some activist shareholders oppose the sale, saying the $18 billion price tag undervalues the business and that Toshiba should renegotiate with the Bain group or consider an initial public offering.
|
|
SandRidge Energy' implied liquidation value, obtained by totaling the highest cash bids, amounted to about $12 to $13 per share, which "meaningfully undervalues" the company, it said in a statement.
|
|
The move to interview banks for an IPO shows there are increasing tensions between Dell and investors who have said the deal undervalues some of its stock, the Journal reported.
|
|
ENKRAFT has been opposed to the deal from the start, arguing it significantly undervalues the group and expressing doubt over whether a structured and fair M&A process took place.
|
|
HP said the $22-per-share bid is not in the best interest of shareholders and undervalues HP, whose stock market value is more than three times that of Xerox.
|
|
Aberdeen Asset Management, an SABMiller shareholder, said in a statement on Tuesday, however, that the revised deal "remains unacceptable" because it undervalues the company and favors SABMiller's two largest shareholders.
|
|
IVA, MSD and Classic argued in their letter that CDL's bid "fundamentally undervalues" the hotelier, which had a book value of 822 pence per share at the end of 2016.
|
|
ENKRAFT, which holds more than 13% of PNE, says the 306 million euro ($339 million) offer undervalues the company and that its management did not conduct a proper sale process.
|
|
The PPC board has already said AfriSam's all-share proposal valuing PPC shares at 5.75 rand "fundamentally undervalues" the company, adding pressure on its local rival to sweeten the deal.
|
|
However, Qualcomm's board maintained its view that the proposal materially undervalues the chipmaker, has an unacceptably high level of risk and is not in the best interests of its stockholders.
|
|
In February, Deason asked a court to block the merger with Fujifilm Holdings, arguing the U.S. photocopier maker's board had failed shareholders by approving a deal that undervalues the company.
|
|
"The rookie scale undervalues the talent of the incoming players," said Charles Grantham, the director of the Center for Sport Management at Seton Hall and a former N.B.A. union executive.
|
|
"The board ... has unanimously determined that the Husky offer significantly undervalues the common shares and is not in the best interests of MEG or MEG shareholders," MEG said in a statement.
|
|
Mattel has informed Hasbro its proposal undervalues the company and does not take sufficiently into account the potential for regulators to reject the deal based on antitrust concerns, the sources said.
|
|
Melrose has made the unwanted approach for GKN, which the FTSE 100 company has sought to fend off, calling it a "low price and high risk" bid which undervalues the company.
|
|
Tiffany & Co. has asked Bulgari owner LVMH to raise its $73 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
|
|
It has said PPG's proposal undervalues its business, would run into difficulty with competition regulators and be bad for employees.. Many Akzo shareholders have urged the company's management to enter discussions.
|
|
Tiffany & Co has asked Bulgari owner LVMH to raise its $73 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
|
|
" The board of Medivation, a biotechnology company based in San Francisco, determined that the offer "substantially undervalues Medivation" and was "not in the best interests of the company and its stockholders.
|
|
"We believe that the true value of GKN is over 5 pounds per share and that Melrose's final offer fundamentally undervalues your company and should be rejected," Chairman Mike Turner said.
|
|
"The math is clear – on a near-term value basis alone Broadcom's proposal dramatically undervalues Qualcomm, without even taking into account the substantial longer term upside from 5G," the company said.
|
|
Akzo Nobel, which makes Dulux paint, Eka bleaching solutions and Interpon powder coatings, said that the offer from PPG, based in Pittsburgh, "substantially undervalues" the company and its long-term prospects.
|
|
OPHIR: Ophir Energy Plc said on Monday that it has rejected Indonesian oil and gas group Medco Energi Internasional Tbk PT's potential buyout offer, saying it "undervalues" the British energy company.
|
|
But it advised shareholders to take no action, saying the approach "significantly undervalues" the group's asset, franchise and replacement value and was significantly below the valuations set by recent industry transactions.
|
|
"We believe that the true value of GKN is over 5 pounds per share and that Melrose's final offer fundamentally undervalues your company and should be rejected," Chairman Mike Turner told shareholders.
|
|
The retailer, noting that the offer price was only 3% above the closing share price on Friday, said the bid "substantially undervalues the company and does not reflect its value creation plan".
|
|
"The PPG proposal undervalues AkzoNobel, contains significant risks and uncertainties, makes no substantive commitments to stakeholders and demonstrates a lack of cultural understanding," Akzo Nobel CEO Ton Buechner said in a statement.
|
|
"The board of Berendsen unanimously concluded that the revised proposal very significantly undervalues Berendsen and its prospects," it said in a statement, adding it did not see a basis for further discussion.
|
|
"White privilege" has become a common phrase in Americans' conversations about race — and that's unsettling many white Americans because they think it undervalues their struggles or questions the legitimacy of their successes.
|
|
"Our message to HP shareholders is clear: the Xerox offer undervalues HP and disproportionately benefits Xerox shareholders at the expense of HP shareholders," Chip Bergh, chair of HP's board, said on Thursday.
|
|
Akzo Nobel has said that it believes the latest offer, worth about $24 billion, undervalues the company and that PPG did not address its concerns about potential antitrust hurdles and other issues.
|
|
The cash-and-stock offer from Xerox "significantly undervalues HP and is not in the best interests of HP shareholders," company officials wrote in a letter to John Visentin, Xerox's chief executive.
|
|
MILAN, Jan 19 (Reuters) - Parmalat activist investor Amber Capital believes the price of a buyout offer by France's Lactalis undervalues the Italian dairy group and won't be tendering its 3 percent stake.
|
|
Nevsun previously said, Lundin's offer undervalues the miner's Bisha mine in Eritrea and the Timok project and had cited a recent prefeasibility study, which valued the Serbian copper project at $1.82 billion.
|
|
Xerox had been battling activist shareholder Carl Icahn and investor Darwin Deason over the company's plan to sell itself to Fujifilm in a deal the two say dramatically undervalues the photocopying firm.
|
|
Shares in detention camp operator Broadspectrum Ltd rose 2.2 percent in the wake of an improved takeover offer from Spanish infrastructure company Ferrovial SA. BroadSpectrum rejected the bid, saying it undervalues the company.
|
|
The shareholder duo has said the merger dramatically undervalues Xerox and criticized the deal structure, which calls for the U.S. firm to be combined into the Fuji Xerox joint venture, as being convoluted.
|
|
Barnes & Noble – A Barnes & Noble investor group said the bookseller's recently-struck deal to sell itself to hedge fund Elliott Management undervalues the company, and wants Barnes & Noble to seek out other offers.
|
|
An investor group in Barnes & Noble (BKS) said the bookseller's recently-struck deal to sell itself to hedge fund Elliott Management undervalues the company, and wants Barnes & Noble to seek out other offers.
|
|
Proceeds that Ophir may get for its Mexican license and its Tanzania assets must also be added to the $100 million in returns, said Petrus, which believes that Medco's offer undervalues Ophir's assets.
|
|
The board has determined that Broadcom's proposal "materially undervalues" Qualcomm and falls short of the firm regulatory commitment it would demand given the significant downside risk of a failed transaction, the company said.
|
|
"The Faroe Board considers that the GBP 1.25 per share price at which DNO purchased the Faroe shares from Delek substantially undervalues the company and its prospects," Faroe said in an earlier statement.
|
|
It is no longer desperate for cash after a $5.4 billion new share issue to foreign investors late last year and some activist shareholders oppose the sale, arguing it significantly undervalues the unit.
|
|
"However, the current proposal significantly undervalues our company and also does not adequately address or provide reassurance for some of the potential financing and regulatory execution risks related to the acquisition," he added.
|
|
"Independent directors believe that the final offer undervalues Shawbrook and its prospects and therefore advise that shareholders take no action with regards to the final offer," Shawbrook said in a statement on Tuesday.
|
|
" Monsanto has said that Bayer's offer "significantly undervalues (the) company and also does not adequately address or provide reassurance for some of the potential financing and regulatory execution risks related to the acquisition.
|
|
HP rejects Xerox again, but leaves door open for negotiation In a letter released this morning, the HP board of directors summarily rejected Xerox's latest takeover offer, saying it significantly undervalues the company.
|
|
Akzo Nobel, which also produces Eka bleaching solutions and Interpon powder coatings, said that the second unsolicited offer from PPG still "substantially undervalues" it and is not in the best interests of shareholders.
|
|
ENKRAFT, which holds more than 2.9% in PNE, opposes the deal, arguing it significantly undervalues the company and is critical of management for failing to launch a proper sale process to increase value.
|
|
"The negative view misses the model's history of strong returns in the United States, underestimates the leverage a dominant distributor can create over time, and undervalues Netflix's unique position in a massive global market."
|
|
MELBOURNE (Reuters) - Wesfarmers Ltd's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages.
|
|
Navient's board voted on Monday to reject the $12.50 per share offer from hedge fund Canyon Capital Advisors and private-equity firm Platinum Equity Advisors, believing it undervalues the company, according to the source.
|
|
"We are still opposed to the $14.75/shr deal value - we think this still undervalues the company and it's still not enough," said Pavol Krúpa, chairman of the Czech-based investment firm told Reuters.
|
|
Trump has often complained Beijing undervalues its currency to boost trade, but his administration looks unlikely to formally label China a currency manipulator in the near term - a designation that could come with penalties.
|
|
The board had determined that Broadcom's proposal "materially undervalues" Qualcomm and fell short of the firm regulatory commitment the deal would demand, given the significant downside risk of a failed transaction, the company said.
|
|
Trump has often complained Beijing undervalues its currency to boost trade, but his administration looks unlikely to formally label China as a currency manipulator in the near term - a designation that could come with penalties.
|
|
Indicated 17 percent higher The company says its board of directors does not support an indicative offer of 25 euros per share from Standard Industries as it significantly undervalues the company and its future prospects.
|
|
Seeking to fight off turnaround specialist Melrose's cash and shares approach which it argues undervalues it, GKN already had a plan to separate its main aerospace and automotive businesses by the middle of next year.
|
|
"Your letter dated January 6, 2020 regarding financing does not address the key issue that Xerox's proposal significantly undervalues HP and is not a basis for discussion," the company said in a letter to Xerox.
|
|
"Your letter dated January 6, 2020 regarding financing does not address the key issue – that Xerox's proposal significantly undervalues HP – and is not a basis for discussion," the company said in a letter to Xerox.
|
|
FRANKFURT (Reuters) - Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further.
|
|
In a rejection letter last November, the company made clear it didn't appreciate or welcome Xerox's overtures: "We reiterate that we reject Xerox's proposal as it significantly undervalues HP. "Additionally, it is highly conditional and uncertain.
|
|
The firm said on Wednesday that ATON's earlier offer of 15 rand per share "materially undervalues Murray & Roberts based on its prospects and is opportunistic" and that 20 to 22 rand per share was fair value.
|
|
JOHANNESBURG, March 27 (Reuters) - Murray & Roberts (M&R) will recommend that its shareholders reject German's ATON GmbH's buyout offer as it is "opportunistic" and undervalues the South African engineering and construction company, it said on Tuesday.
|
|
FRANKFURT, June 23 (Reuters) - Metro said on Sunday that EP Global Commerce's unsolicited offer to take over the German retailer substantially undervalues it and advised shareholders to hold off on taking action until management comments further.
|
|
Unfortunately, such preparations are good mostly for jobs that are thankless and don't pay because — yes, this is a tautology and totally messed up — women have historically filled such jobs, and so society undervalues them completely.
|
|
It's a mindset that says environmental rules, designed to keep your water clean, your air clean, are optional or not important … it's an ideology that undervalues the common good, that says we're all on our own.
|
|
A merger planned between two Samsung affiliates in 2015 was opposed by U.S.-based hedge fund Elliott that said the deal "significantly undervalues" one of the firms and was not in the interests of the shareholders.
|
|
"Melrose's opportunistic offer to shareholders fundamentally undervalues our company and its prospects and would deprive our shareholders of the full benefits of the value that GKN intends to deliver," a GKN spokesman told Reuters in an email.
|
|
ENKRAFT, which owns more than 2.9% of PNE, has been opposed to the deal from the start, arguing it significantly undervalues the group and expressing doubt over whether a structured and fair M&A process took place.
|
|
LONDON, Feb 17 (Reuters) - Unilever said it saw no merit in a proposed merger with U.S. food group Kraft Heinz Co after rejecting a $143 billion offer, saying it "fundamentally undervalues" the Anglo-Dutch consumer goods giant.
|
|
"It is the Board's unanimous belief that Broadcom's proposal significantly undervalues Qualcomm relative to the Company's leadership position in mobile technology and our future growth prospects," Paul Jacobs, Qualcomm's chairman of the board, said in a statement.
|
|
DE) on Wednesday recommended its shareholders turn down a takeover offer by EP Global Commerce, which is owned by Czech and Slovak investors, arguing that the 5.8 billion euro ($6.5 billion) bid undervalues the German retail group.
|
|
The Qualcomm Board is unanimous in its view that each of Broadcom's proposals, including its prior $29 per share proposal, materially undervalues Qualcomm, and the Board encourages Broadcom to enter into mutual due diligence and price negotiations.
|
|
"Your letter dated January 6, 2020 regarding financing does not address the key issue that Xerox's proposal significantly undervalues HP and is not a basis for discussion," the company said in a letter to Xerox on Wednesday.
|
|
"Your letter dated January 6, 2020, regarding financing does not address the key issue that Xerox's proposal significantly undervalues HP and is not a basis for discussion," the company said in a letter to Xerox on Wednesday.
|
|
"It is the Board's unanimous belief that Broadcom's proposal significantly undervalues Qualcomm relative to the Company's leadership position in mobile technology and our future growth prospects," Paul Jacobs, Qualcomm's chairman of the board, said in a statement.
|
|
Uniper remains opposed to the deal, claiming Fortum's bid undervalues the company, and fears the state-controlled Finnish group might chose to break it up should its bid succeed this time after a failed attempt over the summer.
|
|
"We consider the price offered by EPGC to be inadequate as it substantially undervalues METRO and, even after reviewing its further conditions, recommend our shareholders not to accept the Offer," Metro CEO Olaf Koch said in a statement.
|
|
"We believe that Westlake's proposal is an opportunistic attempt to take advantage of challenging public equity market conditions and significantly undervalues Axiall's assets and its long-term prospects," Axiall Chief Executive Officer Timothy Mann said in a statement.
|
|
"It is the board's unanimous belief that Broadcom's proposal significantly undervalues Qualcomm relative to the company's leadership position in mobile technology and our future growth prospects," said Paul Jacobs, executive chairman and chairman of the board, in a statement.
|
|
Argyle Street Management Ltd, a Hong Kong-based hedge fund with $1.2 billion under management, sent a letter to Toshiba's board this week urging the company to scrap the deal, which the fund claims significantly undervalues the chip unit.
|
|
The field's size will be certified following appraisal drilling this year, but Mulacek says the bid undervalues InterOil because the true size will not be understood until the field has been producing for a few years, long after 2017.
|
|
The miner, which has previously said that Barrick's buyout offer undervalues it, said overall gold production was 158,774 ounces for the period ended June, aided by a 39% surge in output from its Gokona Mine in North Mara, Tanzania.
|
|
" In response to the fine in June, Google said it thinks the EU undervalues Google's shopping and search experience for consumers, arguing that its success doesn't mean it favors itself — "it's the result of hard work and constant innovation.
|
|
"It is the independent board's view, therefore, that the proposed cash offer price of 15 rand per ordinary share is opportunistic and materially undervalues Murray & Roberts based on its prospects," board chairman Suresh Kana said on a conference call.
|
|
This principle is, however, often overlooked in analysis of crises today: A stream of books and commentary on the return of authoritarianism around the world—Fascism: A Warning; How Democracies Die—largely undervalues the relationship between economics and politics.
|
|
Argyle Street Management Ltd, a Hong Kong-based hedge fund with $1.2 billion under management, sent a letter to Toshiba's board on Monday urging the company to scrap the deal, which the fund claims significantly undervalues the chip unit.
|
|
"We believe these nominations are a self-serving tactic by Xerox to advance its proposal, that significantly undervalues HP and creates meaningful risk to the detriment of HP shareholders," HP fired back in a statement today emailed to TechCrunch.
|
|
"The Board has unanimously determined that your amended offer materially undervalues Qualcomm and falls well short of the firm regulatory commitment the Board would demand given the significant downside risk of a failed transaction," Jacobs wrote in the letter.
|
|
Qualcomm's shareholder meeting, set to take place on Wednesday, could potentially be a turning point for the deal which Qualcomm has said undervalues the chipmaker as Broadcom looks to aggressively take over the company through a direct appeal to shareholders.
|
|
The board "believes that it would not be a prudent or appropriate exercise of those duties to sell the Company at a price that significantly undervalues the Company at a time when the business is performing well," J. Alexander's board wrote.
|
|
"As we have already indicated, we intend to vote against the deal as we are uncomfortable with the structure and believe it undervalues the company," it added, calling on others to join it in ensuring SABMiller remained a separate company.
|
|
Murray & Roberts (M&R) said on Tuesday that PIC had increased its stake to 20.16 percent, from 15.34 percent, a day after PIC rejected a buyout offer for M&R from Germany's ATON, saying it "materially undervalues" the South African group.
|
|
ConAgra — RBC upgraded the food producer to "outperform" from "sector perform," saying the current stock price undervalues the potential for increased profit margins as well as the company's new consumer focus and the probability of ConAgra executing a large takeover deal.
|
|
" In response to a request for comment, SoftBank sent the same statement to TechCrunch as other media outlets: "We continue to believe the market significantly undervalues our stock and we welcome the support from a sophisticated institutional investor like Tiger Global.
|
|
We may see, for the first time in the context of an art institution, brown-skinned women as more than foreigners or anonymous individuals at work in a Western economic context that treats them as Other and undervalues their contributions.
|
|
Several hedge funds, including Elliott Management Corp and Canyon Capital Advisors LLC, as well as activist investor Carl Icahn, have resisted Dell's $21.7 billion cash-and-stock offer for the tracking stock, arguing it undervalues it and inflates Dell's value.
|
|
However, using an electric motor as a drop-in replacement for a piston engine is a bit like treating a gasoline engine in a car as a drop-in replacement for a horse; it undervalues the potential of the technology.
|
|
A fledgling conductor in the United States might be groomed at one of our exceptional conservatories, independent or university based, but must find a different path to prominence and must overcome an attitude that undervalues musical excellence among native-born conductors.
|
|
Qualcomm said Broadcom's latest $82 per share offer, comprising $60 per share in cash and $383 per share in stock, "materially undervalues" Qualcomm and falls short of the firm regulatory commitment it would demand given the significant antitrust risks involved.
|
|
"After careful review and consideration, conducted in consultation with its financial and legal advisors, the Gannett board concluded that MNG's unsolicited proposal undervalues Gannett and is not in the best interests of Gannett and its shareholders," Gannett said in a statement.
|
|
The rhetoric that substance use disorders can be addressed through siloed funding earmarked only for treatment, or worse, suggesting that expanding health care coverage is actually driving the opioid epidemic, fundamentally undervalues the holistic health needs of people experiencing addiction.
|
|
MUMBAI, July 3 (Reuters) - A group of minority shareholders in India's Bharat Nidhi Ltd (BNL), a company owned by Indian media baron Vineet Jain, have sent multiple complaints to the market regulator against a proposed share buyback they say "grossly undervalues" the company.
|
|
Prosperity Capital Management, which owns about 7 percent in Lenta, a stake in Magnit and rival X5, believes the price offered by Mordashov undervalues Lenta, while a deal with Magnit could achieve substantial cost savings, Alexey Krivoshapko, a portfolio manager at Prosperity, said.
|
|
"The preliminary observation of the independent board regarding the partial offer from Fairfax is that, as indicated through prior engagements with AfriSam on a possible merger, the current 5.75 rand offer price fundamentally undervalues PPC," PPC's Chairman Peter Nelson said in a statement.
|
|
Since then, merger-arbitrage fund Alpine Associates has also said it thinks the deal undervalues Booker, although Michael Wegener at Case Equity Partners said many other hedge funds no longer had investments in Booker and so could not lend their support to Sandell.
|
|
Gemfields, which mines for emeralds and amethysts in Zambia and for crimson and pinkish-red coloured ruby and corundum in Mozambique, had rejected the offer from Pallinghurst, saying it "significantly undervalues" the company Pallinghurst has said it intends to delist Gemfields from London's junior market.
|
|
At least four minority shareholders, including International Value Advisers, MSD Partners, Aberdeen Standard and Fidelity, have criticised Singapore-based City Development's 552.5 pence per share proposed cash offer to buy the 34.8 percent stake it does not own, saying it undervalues M&C's property holdings.
|
|
The $6.1 billion deal, which would combine Xerox into an existing joint venture with Fuji, drew opposition from prominent shareholders such as Darwin Deason, Xerox's largest individual shareholder, who sued in New York state court saying the deal undervalues the American copier and printing company.
|
|
"The board believes that the mandatory offer significantly undervalues the group and its future prospects and is unanimous in its rejection of the offer of 161 pence per share and recommends that shareholders should take no action at this time," Findel said in a statement.
|
|
U.S. tech firms, collectively, spent more than €20 million to influence policymaking in Brussels in 2018 alone, according to the latest figures available from the EU transparency register, a voluntary database of lobbying interests that significantly undervalues the overall investment these companies have made.
|
|
But Melius found that spinoffs from U.S. industrial companies return twice the value of the broader stock market, revealing a more optimistic forecast for GE. "GE's [sum-of-the-parts] as an example … likely undervalues the assets by 25 percent or more," Melius wrote.
|
|
Parliament's finance committee said in a report on Wednesday that the government, the main shareholder of National, should reject the offer as it undervalues National Bank, appearing to throw up a barrier to the deal, which is set to close at the end of this month.
|
|
Qualcomm has been seeking to walk a fine line between resisting Broadcom's acquisition approach, which it says undervalues it and is fraught with regulatory risks, and demonstrating to its shareholders and proxy advisory firms that it is willing to engage to secure a better deal if possible.
|
|
"The PIC does not support the current offer and agrees with the Board of Murray and Roberts that the offer by Aton materially undervalues this successful engineering, construction and mining company based on its prospects," the PIC, Africa's biggest pension fund, told Reuters in an email.
|
|
It further described the move as "a blatant attempt to seize control of the Qualcomm Board in order to advance Broadcom's acquisition agenda" — arguing that the nominees are "inherently conflicted given Broadcom's desire to acquire Qualcomm in a manner that dramatically undervalues Qualcomm to Broadcom's benefit".
|
|
Qualcomm Chief Executive Steven Mollenkopf has spent the past few days soliciting feedback from Qualcomm shareholders, and feels that Broadcom's $70-per-share bid undervalues the company and does not price in the uncertainty associated with getting the deal approved by regulators, according to the sources.
|
|
Qualcomm Chief Executive Steven Mollenkopf has spent the past few days soliciting feedback from Qualcomm shareholders and feels that Broadcom's $70-per-share bid undervalues the company and does not price in the uncertainty associated with getting the deal approved by regulators, according to the sources.
|
|
The board advised Jacobson in November to halt negotiations because it was considering firing him, the newspaper reported, citing an amended suit filed in a New York state court on Sunday by Darwin Deason, a Xerox holder who opposes the deal, saying it undervalues the copier and printer company.
|
|
Qualcomm has been seeking to walk a fine line between resisting Broadcom's acquisition approach, which it says undervalues it and is fraught with regulatory risks, and demonstrating to shareholders and proxy advisory firms such as ISS that it is willing to engage to secure a better deal if possible.
|
|
SUBSTANTIALLY UNDERVALUES THE COMPANY * ADW CAPITAL PARTNERS LP - ADW CAPITAL ALONG WITH ITS AFFILIATES HOLD APPROXIMATELY 14% OF IMVESCOR RESTAURANT GROUP ON A NON-DILUTED BASIS * ADW CAPITAL PARTNERS L.P. SAYS DO NOT INTEND TO SUPPORT CURRENT TRANSACTION WITH MTY FOOD GROUP "AT THIS LEVEL" Source text for Eikon: Further company coverage:
|
|
N $33.5 billion cash-and-stock offer for the company, adding that the proposal "significantly undervalues HP." ** Private equity firm Silver Lake is nearing a deal to acquire First Advantage that could value the background checks provider at more than $1.5 billion, including debt, people familiar with the matter said on Sunday.
|
|
I think that one of the things that hasn't gotten a lot of attention is sort of very subtle sexism that's marginalizing and dismissive and undervalues people's accomplishments and intelligence and ability to contribute, and it's this very subtle thing that, you can't go to necessarily HR about it but you feel it intensely.
|
|
Clinton-based Connecticut Water, which turned down a previous takeover proposal from Eversource Energy, said it had received a $64 per share offer on July 2, but its board unanimously rejected this as it was "inadequate and still undervalues" the company, given it was worth less than 1 percent more than the dismissed April deal.
|
|
From Leo Lewis and Matthew Garrahan, FT: Just hours after Bain's offer was made public, people close to WPP said on Monday night that it did not intend to sell its 24.7 per cent stake in Asatsu-DK (ADK) at the ¥3,660 price offered by Bain, as the tender "severely undervalues" the Japanese firm.
|
|
"Unilever would be on strong grounds to state that the offer materially undervalues the company, with recent large cap consumer staples transactions having been conducted on higher multiples," analysts at Barclays said in a note, citing the recent $16.6 billion tie-up between Reckitt Benckiser and Mead Johnson Nutrition as well as Anheuser-Busch InBev's acquisition of SABMiller.
|
|
The warning comes as InterOil's ex-chief executive, and other shareholders representing more than 7 percent of InterOil's shares, criticised the deal, saying it undervalues InterOil and erases $1 billion in revenue it was due to receive from France's Total SA.. Analysts have mostly endorsed the union, with Morgans maintaining its target price for Oil Search at A$8.40 ($6.01) a share.
|
|
From the Qualcomm news release: Broadcom and Silver Lake are asking Qualcomm stockholders to turn over control of their Company now to the hand-picked Broadcom-Silver Lake nominees based on a proposal that dramatically undervalues Qualcomm and is not actionable due to its significant regulatory uncertainty, which may not be resolved for 24 months, if ever, and lack of committed financing.
|
|
The movie almost doubled those expectations, leading some commentators to suggest that the film suffered from a long-running tendency among box office prognosticators to underestimate returns for films with predominantly black casts: Gonna put a fine point on it:If you need any proof that Hollywood undervalues black people, look no further than the consistent surprise that box office for black movies consistently exceeds their assumption of our value.
|
|
"We consider the price offered by EPGC to be inadequate as it substantially undervalues Metro and, even after reviewing its further conditions, recommend our shareholders not to accept the Offer," Metro CEO Olaf Koch said in a statement here Shares in the group, which owns a core cash-and-carry business and a hypermarkets chain which is up for sale, were down 0.7% at 15.41 euros at 0835 GMT.
|
|
Dianne FeinsteinDianne Emiel FeinsteinTrump administration urges Congress to reauthorize NSA surveillance program The Hill's Morning Report - More talk on guns; many questions on Epstein's death Juan Williams: We need a backlash against Big Tech MORE (D-Calif.) was playing politics or keeping a confidence; and certainly not whether we are beset by a mean, over-genderized culture that undervalues or falsely stereotypes the female in the culture, or vice versa.
|
|
" "It's an ideology that undervalues the common good, says we're all on our own and what's in it for me and how do I do well but I'm not going to invest in what we need as a community and as a consequence, you end up seeing an under-investment in the things that we all share that make us safe, that make us whole, that give us the ability to pursue our own individual dreams.
|
|
Dear Chip and Enrique, We were very surprised that HP's Board of Directors summarily rejected our compelling proposal to acquire HP for $30 per share, comprising $17.00 in cash and 0.137 Xerox shares for each HP share, claiming our offer "significantly undervalues" HP. Frankly, we are confused by this reasoning in that your own financial advisor, Goldman Sachs & Co., set a $14 price target with a "sell" rating for HP's stock after you announced your restructuring plan on October 3, 2019.
|
|