Stelmar Founder Haji-Ioannou Rejects $667 Mln Sale to Fortress
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Stelios Haji-Ioannou, chairman of EasyJet Plc, said he rejected a $677 million agreement to sell Stelmar Shipping Ltd. because the offer doesn&#39;t reflect recent gains in the value of the oil tanker business he founded in 1992.
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Greek shipping company Stelmar  Shipping Ltd. SJH.N on Monday agreed to be acquired by  shipbuilder Overseas Shipholding Group Inc. OSG.N for $843  million, after two previous bids for the company failed.
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Coles Myer, the Australian retailer, rejected a $13 billion offer from buyout firms led by Kohlberg Kravis Roberts & Company as too low. The offer, 14.50 Australian dollars ($11.16) a share, Âsubstantially undervaluedÂ the company, said Coles MyerÂs chairman, Richard H. Allert. The bidding group, which includes Bain Capital and the Blackstone Group, wanted management backing for the offer, Mr. Allert said. Coles Myer, which is based in Melbourne, has about 35 percent of AustraliaÂs grocery market, and Woolworths, based in Sydney, has about 40 percent.
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WASHINGTON -- A Dubai-owned company will accept final bids within two weeks for the sale of all $700 million worth of its U.S. port operations to an American buyer, a plan forced by concerns over terrorism security.
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German industrial group MAN AG   MANG.DE made a 9.6 billion euros ($12.2 billion)   cash-and-share offer for Scania AB SCVb.ST, which the Swedish   truckmaker and a key shareholder immediately rejected on   Monday.
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A federal judge in Dallas yesterday rejected a $6 million settlement in a shareholder suit that alleged Halliburton Co. engaged in accounting fraud, saying the lead plaintiffs&#39; lawyer mishandled the case and may have settled for too little money.
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A staff trust holding over 12 percent of the shares of Aer Lingus have delivered a 97 percent rejection of the hostile takeover bid for the airline from Europe's biggest low-cost carrier Ryanair, according to a statement.
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A ferocious battle to control South Africa&#39;s Gold Fields company looks certain after its management last night rejected an $8bn (Â£4.
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Private equity firm Fortress  Investment Group LLC agreed to buy Stelmar Shipping Ltd. for  $677 million only a few months after the oil tanker operator  fended off a hostile bid from its rival OMI Corp. OMM.N,  Stelmar said on Monday.
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WILMINGTON, Del. -- Shareholders of auto supplier Lear Corp. rejected a $2.9 billion buyout offer Monday from a firm led by billionaire investor Carl Icahn.
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The Chalone Wine Group Ltd. CHLN.O a  U.S. winemaker, on Monday rejected an existing buyout offer  from French luxury wine maker Domaines Barons de Rothschild,  saying it was now entertaining a better offer.
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Private equity firm Fortress  Investment Group LLC has agreed to buy oil tank operator  Stelmar Shipping Ltd. SJH.N for $677 million, Stelmar said on  Monday.
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German industrial group MAN AG   MANG.DE unveiled a 9.6 billion euro ($12.2 billion)   cash-and-share offer for Scania AB SCVb.ST, which the Swedish   truckmaker and a key shareholder immediately rejected on   Monday.
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Gold Fields shareholders reject merger with Iamgold.
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The London Stock Exchange  reiterated on Tuesday its rejection of a 2.7 billion pound ($5.3 billion) bid from U.S. rival Nasdaq Stock Market Inc .
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Investors wiped some 6 billion euros ($7.97 billion) off the market value of French pharmaceutical company Sanofi-Aventis Thursday after U.S. federal health advisers rejected its Accomplia weight-loss drug.
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Gold Fields has rejected a $US7.2billion ($9.5billion) takeover offer by fellow South African gold producer Harmony Gold Mining, calling its rival &quot;financially stretched&quot; and suggesting Harmony could face a cash crunch.