Rio Tinto Rejects Sweetened Bid from Rival
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BHP increased its takeover offer to about $147 billion after a Chinese rival bought a stake in Rio Tinto last week.
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PHOENIX -- Swift Transportation Co. Inc. said yesterday it has rejected a $2.2 billion takeover offer from its founder and largest shareholder and plans to explore other alternatives to the bid.
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Scania AB rejected a 9.6 billion euro ($12.2 billion) takeover offer from Germany's MAN AG on Monday, while one of the Swedish truckmaker's primary shareholders said the offer did not reflect the company's true value.
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The chairman of mining company Rio  Tinto Ltd/Plc  wrote to shareholders on Sunday,  urging them to take no action on a bid for the company by rival  miner BHP Billiton .
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Britain's Alliance Boots Plc  on Monday rejected an approach worth 9.7 billion pounds ($18.8 billion) from private equity firm Kohlberg Kravis Roberts , saying the offer undervalued its prospects.
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Business & money: Rio Tinto has wasted no time in rejecting the advances of BHP Billiton a second time
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The battle over Rio Tinto intensified after BHP Billiton increased its takeover offer to about $147 billion after a Chinese rival bought a stake last week.
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Toy and gift maker rejects an unsolicited takeover offer as unworthy of further consideration.
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The British government has rejected a  400 million pound ($749.5 million) bid for British Nuclear  Group Ltd. (BNG) from U.S. engineering and construction firm  Fluor Corp. , the Independent on Sunday said.
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Imperial Chemical Industries, Britainâs largest specialty chemical maker, said today that it had rejected a takeover bid from Akzo Nobel worth Â£7.2 billion, or $14 billion, as too low.
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The London Stock Exchange PLC has received and rejected a bid proposal from Germany's main stock exchange, Deutsche Boerse AG , the exchanges said Monday.
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The London Stock Exchange (LSE) has rejected a proposed offer for the company from Deutsche Boerse valued at 530 pence per share in cash.
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British drugs wholesaler and retailer  Alliance Boots Plc  said on Monday it had rejected an  approach worth 9.7 billion pounds ($18.8 billion) from private  equity firm Kohlberg Kravis and Roberts .
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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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The London Stock Exchange has rejected a Â£1.35bn offer from German market Deutsche Boerse, but says fresh talks are possible.
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BHP Billiton Ltd/Plc  ,  the world's No.1 miner, launched a hostile $147.4 billion bid  for Rio Tinto Ltd/Plc , a deal that would be the  world's second largest takeover if successful.
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Gold Fields, a gold producing company from South Africa, rejected a bid from its closest rival Harmony Gold as it seemed unattractive to it.