Glencore Rio takeover would be harder than Xstrata

October 7, 2014

Ivan Glasenberg’s miner-trader is stalking $90 billion iron giant Rio Tinto. Though there’s some logic to a deal, Glencore will be loath to pay much of a premium, and the clash of cultures would be extreme. Rio is also in a better position to resist than rival Xstrata in 2012.

Carlos Slim may drive KPN to poison

June 6, 2012

The Dutch telecoms group is scrambling to dodge what it sees as a takeover-on-the-cheap from the world’s richest man. It seems to want to do a deal in Germany that’s been talked about for years. But counterpart Telefonica isn’t ready to trade. KPN might resort to poisoned pills.

Cash not culture to decide Cadbury fate

November 30, 2009

By positively encouraging a white knight counter-offer to Kraft's cash and share bid, Cadbury's CEO and his advisers are working on the premise that this is the best way of squeezing a higher price out of Kraft.

Cadbury’s meltdown keeps Kraft on hook

September 24, 2009

It may seem as if Cadbury’s chief executive Todd Stitzer had a bad case of foot-in-mouth disease. Just days after the British food company breathed defiance in the face of a Kraft bear-hug bid, he was quoted at a conference saying that a deal with Kraft made strategic sense and that his job was to simply squeeze out as much value as possible for the British confectioner.