All Mergers and acquisitions articles – Page 46
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Business as usual, says Fairstar
May 17 - Facing a hostile and unwelcome takeover by heavy lift giant Dockwise, business at Fairstar might seem anything but usual.
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Fairstar rejects Dockwise offer of financial support as a 'poison pill'
May 16 - Fairstar Heavy Transport has rejected the unsolicited financial proposal received from Dockwise on Monday evening as being "of no interest to Fairstar", adding that whilst "Dockwise has attempted to characterise the offer of USD 30 million in 'su
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Gloves come off in Dockwise-Fairstar takeover saga
May 14 - Last Friday saw Fairstar Heavy Transport release copies of the most recent correspondence between itself and Dockwise in preparation for the former's AGM.
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Dockwise approves rights issue to finance proposed acquisition of Fairstar
May 11 - The Dockwise-Fairstar saga has rumbled on this week, with Dockwise advising that the financing of its proposed acquisition of shares in Fairstar Heavy Transport nv through the issuance of common shares in a rights Issue to existing shareholders a
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Dockwise ups ownership in Fairstar to 28 percent
May 1 - Further to our report from April 27, according to reports online, Dockwise Ltd - through its subsidiary Dockwise White Marlin - last week completed the acquisition of 19 percent of the shares in Fairstar Heavy Transport nv and has now waived the s
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Fairstar postpones AGM as acrimony over Dockwise bid grows
April 27 - The developing business storm between Fairstar Heavy Transport and Dockwise has continued with the suspension of Fairstar's AGM amid accusations that Dockwise's moves do not conform with rules governing takeovers of publicly listed companies in
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Fairstar rejects Dockwise take over bid
April 23 - Fairstar Heavy Transport has received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a purchase price of NOK9.3 (USD1.6) per share.
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Magnone takes the helm at Skelton Sherborne
March 30 - Australia's largest freight forwarder of mining and construction equipment, Skelton Sherborne, has appointed Julie Magnone as chief executive officer (CEO).
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India's UGL to acquire LANS
March 30 - India's Unique Global Logistics (UGL) is to acquire Mumbai-based LANS Projects Pvt Ltd in a bid to increase its share of the wind energy and oil and gas sectors.
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Volga-Dnepr set to boost presence in Germany
March 19 - Volga-Dnepr's planned acquisition of Air Cargo Germany is now waiting for anti-trust clearance from the authorities says the airline.
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Art for art's sake
March 8 - An artwork, Max Bill's 66 tonne sculpture 'Continuity', has been lifted into place by a Terex mobile crane - but not an ordinary crane. It was the 200th unit of the AC 500-2 delivered from the Terex Cranes facility in Zweibr
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Panalpina reports a successful 2011
March 7 - The Panalpina Group, which handles project cargo through its Panprojects division, can look back on a successful 2011 after further expanding its profit margins and achieving a consolidated profit of USD 138.3 million.
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Gulf Stream Marine recapitalised
March 2 - The CapStreet Group, LLC and Crutchfield Capital Corporation has reported the majority recapitalisation of Gulf Stream Marine, Inc by CapStreet Group. Crutchfield served as the exclusive financial advisor to Gulf Stream Marine throughout the tra
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Rickmers-Linie expands its China coverage
March 1 - Rickmers-Linie is expanding its market coverage in China and is enhancing sales and marketing activities into central and southern China.
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Chinese market coming of age
March 1 - US management consulting firm A.T. Kearney is "very optimistic" about the prospects for China's breakbulk market, saying important structural changes in the country's economy and a growing sophistication among Chinese shippers suggest opportunit
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Widdows to take over from Steffens at Rickmers
February 16 - After ten very successful years with the Rickmers Group and especially, with Rickmers-Linie, Jan B Steffens will, by 31 March 2012, step down from the twin positions of CEO of Rickmers Holding and of Rickmers-Linie although he will continue
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Prangl expands telescope boom fleet
February 7 - Austrian crane and material handling hirer Prangl has acquired a further range of Liebherr mobile cranes with telescopic booms.
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First for Demag Cranes in Bermuda
February 7 - A Gottwald HMK 170 Ewill be taking up commercial operations in the spring of 2012 at the port of Hamilton, the capital of Bermuda, where it will be handling containers and general cargo.
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SDV invests in FAST Overseas Group and FAST France
January 26 - After several years of cooperation, SDV International Logistics has taken a minority interest in the FAST Overseas Group, which has a presence in Lebanon, Syria, Jordan and Italy.
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Shipping confidence picks up despite eurozone fears
December 16 - Overall confidence levels and the likelihood of major new investments in the shipping industry in the next 12 months picked up marginally in the quarter ended November 2011, according to the latest Shipping Confidence Survey from accountant