Lord Mandelson, business secretary, on Friday issued a blunt warning to Kraft and hedge fund investors that they will face “huge opposition from the British government if a takeover of Cadbury is used as a means to make “a fast buck. The comments re
Yorkshire Building Society on Wednesday sealed its deal to buy troubled rival Chelsea, closing the gap on Nationwide, the industry number one.Widespread consolidation in the mutual banking sector has long been predicted, with regulators pushing for
Yorkshire Building Society confirmed on Wednesday that it was taking over Chelsea Building Society, its smaller rival, in the latest burst of consolidation to hit the mutual sector.The deal will create a stronger rival to Nationwide, the leading bui
Yorkshire Building Society is poised to finalise a deal to take over lossmaking rival Chelsea in the latest sign of consolidation in the troubled mutual sector.Chelsea said the discussions were “advanced and one person close to the talks said that,
Italian medical group Meleam have blamed Bari after their proposed takeover bid failed to come to life.On Friday, Bari issued a statement claiming they had rejected advances from the company. It suggested the offer from Meleam was unsatisfactory and
Cadbury is expecting a friendly bid from Hershey if the US confectioner can arrange the financing for a takeover offer.The British chocolate maker is more amenable to being owned by Hershey than Kraft, the US food conglomerate, if a bid comes at the
BERLIN - Volkswagen, Europe's biggest carmaker, said on Friday that its supervisory board had cleared the way for its planned takeover of sportscar maker Porsche. The German giant said in a statement that its supervisory board had approved on Thurs
Hong Kong businessman Carson Yeung's takeover of Birmingham City has been rubber-stamped by the stock exchange.Shares in the club were delisted on Wednesday confirming Birmingham's status as a private business. Yeung took charge at St Andrew's last
online 50