Content about Takeover

July 6, 2012
Christopher & Banks rejects buyout offer from Aria Partners; adopts poison pill

Christopher & Banks Corp. has rejected Aria Partners’ unsolicited $64 million takeover offer, saying it was not in the best interest of stockholders.

Minneapolis -- Christopher & Banks Corp. has rejected Aria Partners’ unsolicited $64 million takeover offer, saying it was not in the best interest of stockholders. The private equity firm owns 4% of Christopher & Banks shares. The retailer also adopted a stockholder rights plan, or poison pill, with a trigger at 15%

Private equity firm Aria owns 4% of Christopher & Banks shares.

May 16, 2012
Talbots, Sycamore extend exclusivity agreement

The Talbots and Sycamore Partners extended the exclusivity period for the private equity firm's non-binding $214.6 million takeover offer to May 22.

Hingham, Mass. -- The Talbots and Sycamore Partners extended the exclusivity period for the private equity firm's non-binding $214.6 million takeover offer to May 22.

Talbots had entered into an exclusivity agreement with Sycamore on May 5, which was due to expire on May 15.

March 3, 2011
Family Dollar rejects takeover bid

Family Dollar Stores on Thursday said its board rejected a takeover bid by an activist investor, saying it "substantially undervalues the company."

Matthews, N.C. -- Family Dollar Stores on Thursday said its board rejected a takeover bid by an activist investor, saying it "substantially undervalues the company." In February, Nelson Peltz's Trian Fund offered $55 to $60 per share, or about $6.99 billion, for Family Dollar.

The chain said it also adopted a shareholder rights plan, commonly called a "poison pill," that would significantly dilute shares if a takeover attempt proceeds.

February 15, 2011
Jo-Ann Stores to move forward with sale to Leonard Green

Jo-Ann Stores announced Tuesday that it has received no other takeover bids after a nearly two-month "go-shop" period.

New York City -- Jo-Ann Stores announced Tuesday that it has received no other takeover bids after a nearly two-month "go-shop" period. The fabric and crafts chain said it will therefore ask shareholders to vote on the company's proposed $1.6 billion sale to Leonard Green & Partners LP.

The meeting is scheduled for March 18.

Jo-Ann Stores, which operates 751 stores in 48 states, announced the proposed sale in December. The company had until Feb. 14 to seek a better offer.

December 8, 2010
Casey’s profit falls on costs associated with fighting hostile bid and recapitalization

Casey's General Stores reported on Wednesday that the costs of its recapitalization plan and its defense against hostile bids by competitor Canada’s Alimentation Couche-Tard take a bite out of its second-quarter net income.

Ankeny, Iowa -- Casey's General Stores reported on Wednesday that the costs of its recapitalization plan and its defense against hostile bids by competitor Canada’s Alimentation Couche-Tard take a bite out of its second-quarter net income.

Casey's said it earned $21.7 million for the quarter that ended Oct. 31, compared with $33.6 million in the same quarter last year. The results include roughly $19.4 million in expenses related to its recapitalization plan and the dispute with Couche-Tard.

September 30, 2010
Couche-Tard drops takeover bid for Casey’s

Alimentation Couche-Tard has given up its months-long battle to acquire Casey’s General Stores....

September 19, 2010
Advisor backs Burkle nominees in Barnes & Noble proxy fight

Proxy-advisory firm Institutional Shareholders Services (ISS) said it has recommended that Barnes & Noble shareholders...

September 1, 2010
Couche-Tard ups takeover bid for Casey’s

Alimentation Couche-Tard on Wednesday increased the value of its hostile bid to buy Casey’s General...

August 11, 2010
Casey's continues to fight takeover, sends letter to shareholders

In its continuing fight against takeover, Casey’s General Stores president and CEO Robert J. Myers...

August 3, 2010
Barnes & Noble on the block

Barnes & Noble said it is exploring strategic alternatives, including putting itself up for sale....

July 21, 2010
Alimentation Couche-Tard boosts offer for Casey's takeover

Canadian c-store chain Alimentation Couche-Tard said Thursday it has raised its offer to acquire Casey’s...

July 12, 2010
Update: Barnes & Noble director defends poison pill

Barnes & Noble board member Michael Del Giudice suggested in his testimony Tuesday that shareholders...

July 11, 2010
Barnes & Noble chairman testifies in poison pill case

The chairman of Barnes & Noble Inc., Leonard Riggio, testified Friday that the poison pill...

July 11, 2010
Couche-Tard extends offer for Casey’s

Alimentation Couche-Tard Inc. is giving Casey’s General Stores’ shareholders more time to warm up...

June 28, 2010
Casey’s shareholder urges chain to negotiate takeover offer

Equity manager ClearBridge Advisors on Monday sent a letter to the board of Casey's General...

June 10, 2010
Casey's says Couche-Tard broke securities rules in takeover fight

Convenience store operator Casey's General Stores said Friday it has sued Alimentation Couche-Tard, saying the...

January 21, 2009
Charlotte Russe Mulling Sale of Company

Charlotte Russe Holding Inc. said Wednesday that it is considering a possible sale of the...

December 22, 2008
Charlotte Russe Shareholder Criticizes Bid Rebuff

Charlotte Russe Holdings Inc. shareholder B. Riley & Co. LLC said Tuesday that the retailer...

December 9, 2008
Casual Male Creates Takeover Protection Plan

With retail stock prices near record lows, it’s likely that more companies will follow in...

June 17, 2008
Report: Staples Wins EU Okay for Corporate Express Takeover

Staples has won approval from the European Commission for its 1.7 billion euro ($2.6 billion)...

June 15, 2008
Cost Plus Rejects Pier 1 Takeover Proposal

Cost Plus said Monday its board of directors unanimously rejected an $88 million takeover bid...

June 2, 2008
Staples Ups Bid for Corporate Express

Staples increased its chances of winning control of Corporate Express NV on Tuesday, raising its...

May 20, 2008
Corporate Express Thwarts Staples' Bid

Office-supplies distributor Corporate Express NV showed its determination to fend off a hostile takeover by...

May 18, 2008
Staples Launches Hostile Bid for Corporate Express

Staples Inc. on Monday launched a hostile 1.5 billion euro ($2.34 billion) bid for Corporate...

November 9, 2005
Tommy Hilfiger Receives Five Takeover Offers

New York City, ...