Category : Search result: mining acquisition


Anglo American Rejects £34bn BHP Takeover Bid

London-listed mining titan Anglo American has emphatically rejected a colossal £34 billion takeover proposal from Australian rival BHP, branding the bid 'highly unattractive' and opportunistic. The deal would have created a global mining behemoth.

Anglo American Plans Breakup to Fend Off BHP Takeover Bid

In a dramatic move to repel a £34bn hostile bid from BHP, mining giant Anglo American unveils a sweeping strategic overhaul, including the spin-off of its diamond unit De Beers and plans to divest its steelmaking coal and platinum businesses.

BlackRock's £2.1bn Aletto Power Acquisition Finalised

Investment titan BlackRock secures a landmark $2.6 billion deal to acquire Minnesota Power's parent company, Aletto. This strategic move signals a major shift in energy sector ownership and raises pivotal questions about renewable investment and market co

Teen coder sells AI app for millions in landmark deal

Exclusive: 18-year-old Zach Yadegari becomes an overnight tech millionaire after his revolutionary AI-powered keyboard app, 'TypeAI', is acquired by a major New York firm in a landmark seven-figure deal.

John Lewis Resurrects Topshop in Surprise ASOS Deal

The John Lewis Partnership has acquired the Topshop, Topman, and Miss Selfridge brands from ASOS in a surprise move, planning to reintroduce the iconic labels to the British high street through its department stores and potentially Waitrose supermarkets.

Market Basket Mediation: Arthur T Demoulas Fights for Control

Exclusive: Arthur T. Demoulas, the ousted CEO beloved by workers, enters mediation in a dramatic final attempt to buy back the 50.5% stake of the Market Basket grocery chain and end the family feud that has paralysed the business.

Kraft Heinz Merger Faces Potential Split by Investors

Exclusive: The multi-billion pound Kraft Heinz merger is under intense scrutiny as major investors push for a potential breakup of the food and condiment titan. Analysts suggest a split could unlock significant value.

Royal Mail Profits Double Under Kretinsky's Takeover

Under Daniel Kretinsky's ownership, Royal Mail reports a dramatic profit surge to £348m, marking a stunning turnaround for the former state monopoly and silencing critics of the controversial acquisition.

Dwayne Johnson Plans UFC Purchase For Oscar Role

Hollywood megastar Dwayne Johnson discloses his ambitious plan to acquire the UFC as a strategic move to bolster his credibility for an Oscar-winning role, in a candid conversation with filmmaker Benny Safdie.

Petition to Scrap Australia's 'Castle Law' Gains Momentum

A groundswell of public outrage in Australia is fuelling a petition to abolish the contentious 'Castle Law', which critics argue has left homeowners powerless against aggressive property developers and failing local councils.

Claire's UK rescued from bankruptcy by new buyer

The iconic accessories chain Claire's has been saved from bankruptcy after a new buyer stepped in to acquire its UK and European operations, securing the future of its British high street stores.

FTSE 100: Rolls-Royce Soars, Mining Stocks Slump

London's FTSE 100 experienced a dramatic session with Rolls-Royce and Ocado leading gains, while mining stocks faced sharp declines. Get the full market analysis and closing figures.

Netflix Wins Bidding War for Knives Out 3

Netflix triumphs over Paramount and Universal to secure the next Benoit Blanc mystery, 'Wake Up Dead Man', in a major streaming coup. Daniel Craig and director Rian Johnson return.

Matildas Star's Cousin Rejected from Mining Job

Exclusive: Matildas star Sam Kerr's cousin, Daniel Kerr, speaks out after being rejected from a FIFO mining job, alleging a toxic workplace culture where discriminatory language about it being a 'blokes' site' cost him the role. A major loss for diversity

Coca-Cola in Talks to Sell Costa Coffee Chain

The Coca-Cola Company is reportedly in advanced discussions to divest its Costa Coffee chain, just six years after its landmark £3.9bn acquisition. The potential sale signals a significant strategic shift for the beverage giant.

1980s Miners Return to Picket Line in Historic Protest

Forty years after the bitter strikes that defined an era, former miners and their families have returned to the picket line in a powerful protest against the controversial 'Museum of the North' project at the National Coal Mining Museum in West Yorkshire.

Royal Mail Misses Targets as Kretinsky Takeover Nears

Royal Mail faces a delivery crisis, missing crucial performance targets for the second year. As Czech billionaire Daniel Kretinsky's EP Group finalises its acquisition, concerns mount over the future of the UK's postal service and potential regulatory act

NY Firm Buys 28 Wyoming Newspapers, Sparks News Desert Fears

A New York-based media conglomerate, NMC, has acquired nearly all of Wyoming's local newspapers, raising profound concerns about the future of independent journalism, community voice, and the potential rise of 'news deserts' in the American West.

Musk Must Face $500m Twitter Severance Lawsuit, Judge Rules

A US federal judge rules that Elon Musk must confront a lawsuit alleging he refused to pay at least $500 million in severance to thousands of Twitter employees he dismissed after his $44 billion acquisition. The case advances as the court finds credible c

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