Marks and Sparks buys back 635m shares
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Ailing British retailer Marks and Spencer is to buy back 635 m shares -- around 27.9 pc of its issued capital -- at 362 pence following the UK&#39;s biggest ever tender offer.
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Telstra Corp., Australia&#39;s biggest phone company, agreed to buyback A$750 million ($576 million) of its own stock at the lowest price in a range offered to shareholders.
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RESOURCES giant Xstrata announced its first triumph in its $7.4 billion takeover bid for WMC Resources yesterday - the purchase of 173,954 shares.
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Vodafone is to hand out Â£6bn to shareholders this year thanks to a doubling of its dividend and an increase in its share buy-back programme.
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Leading shares ended above the key 6,400 level, hitting fresh 6-year highs, as ongoing M&amp;A hopes in mining heavyweights and Wolseley were bolstered by a solid early session on Wall Street.
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Marks & Spencer PLC shares plunged on Wednesday after the food and fashion company reported a drop in Christmas sales, confirming fears of weakened consumer spending in Britain.
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Smiths Group is to buy Medex, a US healthcare company, for $925m (Â£477m), including $300m of debt, in the biggest deal for the UK engineering conglomerate since the merger of Smiths and TI Group in 2000.
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General Electric has sold a 60 percent stake in its pioneering back-office unit in India to two private equity firms for $500 million.
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Shares in takeover target National Foods have pushed further ahead on the Australian Stock Exchange. Yesterday, they surged more than 5 per cent higher to $6.25, after Philippine food and drink giant San Miguel
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Troubled retailer M&S is offering 332-380p a share in a Â£2.3bn buyback scheme - less than Philip Green offered for control of the group.
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Marks and Spencer, the struggling British retailer, began buying back more than one quarter of its shares in the biggest tender offer ever seen in Britain.
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Shareholders in Marks &amp; Spencer yesterday voted overwhelmingly to accept the board&#39;s proposal for the largest tender offer made in Britain by a company for its own shares.
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Marks &amp; Spencer reported after-tax profits of $260 million for the six month period ending October 2nd, compared to $436 million a year earlier.
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LONDON (Dow Jones)--UK power and gas system operator National Grid Transco PLC (NGT.LN) Tuesday said it will return GBP2 billion, or 65 pence a share, to its shareholders after selling four
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LONDON - Food and clothing chain Marks &amp; Spencer PLC said Tuesday it had bought the per una clothing brand from businessman George Davies for 125 million pounds ($223 million).
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Food and clothing chain Marks &amp; Spencer PLC said Tuesday it had bought the per una clothing brand from businessman George Davies for 125 million pounds (&#36;223 million).
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Business & money: Â£7bn dawn raid marks new level of foreign investment as shares in target jump 13% on purchase