Melrose
08:38 :
Charter leans towards Colfax deal over Melrose -
LONDON (Reuters) - Toolmaker
Charter International , at the heart of a simmering bid battle, has entered into advanced discussions with Colfax on a 910 pence per share offer, in an apparent snub to its other suitor Melrose .
19:42 :
Charter investors 'prefer £1.4bn Melrose bid' -
Major investors in
Charter International say they still prefer Melrose's £1.4bn cash-and-stock offer for the industrial group despite news over the weekend that US-based company Colfax is preparing to make a cash bid.
23:29 :
Melrose given takeover deadline -
The City Takeover Panel has given manufacturing buyout firm Melrose less than a month to make a formal bid for
Charter International, putting pressure on the suitor to decide
22:05 :
Emilson is playing an unorthodox hand -
Brave. That's the polite way to describe the decision of
Charter chairman Lars Emilson to push for a so-called "put-up-or-shut-up", thereby forcing stalker Melrose to strike a deal by September 6 or walk away.
20:48 :
Deadline call upsets investors in Charter -
Charter's aggressive move to hit Melrose with a "put up or shut up" deadline has placed pressure on the two engineering companies' advisers to begin backroom talks to keep alive hopes of a £1.4bn deal.
23:12 :
Charter told to let Melrose see books -
CHARTER International, the London-listed engineering firm that owns Renfrew-based Howdens, must open up its books to potential suitor Melrose, according to some of its key inv
18:13 :
Charter resists Melrose takeover bid -
Cost-saving measures set out in interim results follow a profit warning last month that wiped out a quarter of the
FTSE 250 company's market capitalisation
07:03 :
Charter fights for its independence -
Charter International, the engineering group fighting a £1.4bn bid from turnaround specialists Melrose, will this week set out the grounds for its defence strategy in the hope of persuading shareholders to back its independence.