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Why British investor’s bid to buy PZ Cussons Nigeria fell apart

The deal seeking to sell PZ Cussons Nigeria to core investors from Britain hit a brick wall midway after the Nigerian capital market watchdog sought clarification on some irregularities in the PZ board’s request for approval, sources familiar with the matter told PREMIUM TIMES. Nigeria’s Securities and Exchange Commission (SEC) raised an eyebrow after pinpointing flaws in the document by PZ Cussons Nigeria asking the regulator to endorse PZ Cussons (Holdings) UK, which has a 73.3 per cent interest in the company…

Bid by British shareholder to acquire PZ Cussons Nigeria falls apart

The plan by the British majority owner of consumer goods company PZ Cussons Nigeria to fully acquire the Lagos-listed organisation and take it private fell apart after a key regulator withheld an assent necessary to take the transaction further. “The Securities and Exchange Commission (“SEC”) has declined the company’s request for its No Objection to PZ Cussons (Holdings) Limited’s (“the majority shareholder”) intention to acquire the shares held by all the other shareholders,” a statement published on the…

Thyssenkrupp Evaluates Carlyle Bid For Marine Business

Thyssenkrupp has agreed to begin due-diligence procedures for a possible partial sale of its marine systems business to Carlyle. Thyssenkrupp has agreed to begin due-diligence procedures for a possible partial sale of its marine systems business to Carlyle. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

Choice Hotels Scraps Roughly $7 Billion Bid For Wyndham After Rebuff

Choice Hotels said it is abandoning its roughly $7 billion takeover bid for rival Wyndham Hotels & Resorts after attempting to drive a deal through despite being rebuffed by Wyndham’s board. Choice Hotels said it is abandoning its roughly $7 billion takeover bid for rival Wyndham Hotels & Resorts after attempting to drive a deal through despite being rebuffed by Wyndham’s board. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of…

The AI start-up that knocked back a $35 million takeover bid

Relume is bootstrapped, meaning it hasn’t taken any outside investment, and has instead been funded by Anisse, Mura and Slater as its sole shareholders.“Everyone in my non-tech world was saying, ‘That’s a huge amount of money’, because it is,” Anisse said. “I understood where they were coming from, and I’d probably be telling me that too, to be honest.“But I think what I learned is that the money starts to fade away. Because you buy your house, and you buy your car, and then it kind of becomes a marginal return of…

P&G Launches Tide Tiles in Bid to Change How Laundry Is Done

P&G has developed Tide detergent squares that eliminate water and plastic bottles after 10 years in the making. P&G has developed Tide detergent squares that eliminate water and plastic bottles after 10 years in the making. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…

Terran Orbital CEO ‘looking at everything’ after Lockheed Martin takeover bid

Satellite manufacturer Terran Orbital is "looking at everything" regarding the company's future, CEO Marc Bell told CNBC, as it considers Lockheed Martin's acquisition offer."We found out about when the rest of the world found out about it," Bell said on CNBC's "Manifest Space" podcast.Lockheed's proposal submitted last week values Terran Orbital at nearly $600 million, or about a third of its equity valuation from when the company went public via a special purpose acquisition company, or SPAC, two years ago. The defense…

tesla class action: Tesla drivers lose US class action bid in battery range cases

Tesla owners who accused it of falsely advertising estimated driving ranges for its electric vehicles must pursue their claims in individual arbitrations rather than banding together in proposed class action lawsuits, a federal judge ruled.U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California said on Thursday the drivers had agreed to an arbitration provision for resolving disputes with the automaker when they bought their vehicles.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Investors Bid Farewell to ScapesMania As BlockDAG Presale Surges

Did ScapesMania  really fumble the ball? Then why are investors flocking to BlockDAG Presale? ScapesMania  listing on Pancakeswap today brought an abrupt end to its presale hype. However, these investors are still in the platform but are actively moving to BlockDAG.  With ScapesMania  listing date being March 6, 2024, things took a different path from the fanfare they expected. BlockDAG has been the rising star, aiming to revolutionise blockchain with a faster and more efficient platform. The focus on…

Prince Harry Loses Bid to Keep Public-Funded Security Detail

A U.K. court has ruled that Prince Harry was not unfairly stripped of his public-funded security detail when the former royal moved to the U.S. Prince Harry and his wife, Meghan Markle, had their official security detail removed after stepping away from their royal duties and moving to California in 2020, with the Duke of Sussex ultimately challenging that ruling in court. On Wednesday, High Court Judge Peter Lane ruled that Buckingham Palace’s stripping of that royal treatment — called the Royal and VIP…