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Samsung turns hostile on SanDisk
Anybody else out there? Samsung has made a $5.85bn all-cash hostile takeover offer for SanDisk and is waiting for other potential bidders to come out of the woodwork. Toshiba and Seagate are obvious candidates for a bidding war.…
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Lloyds TSB unveils HBOS takeover
Lloyds TSB unveils details of its 12.2bn takeover of HBOS, describing the deal as a "unique opportunity", but plays down claims of up to 40,000 job losses.
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Obama: AIG takeover must protect the insured
Following the federal governement s takeover of insurance giant AIG, Barack Obama said the focus must be put on protecting Americans insurance policies, not bailing out shareholders. (Sept. (...)
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White House defends AIG takeover
White House spokeswoman Dana Perino defends takeover of AIG, says taxpayers faced even greater risk if company failed. (Sept. 17)
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