Hollinger shares soar after Black plan to buy out other shareholders
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TORONTO (CP) - Shares of Hollinger Inc. soared Friday after embattled press baron Conrad Black announced plans to buy out other shareholders of the publicly traded Canadian company at the centre of his business empire.
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TORONTO (CP) - Hollinger International Inc. announced plans Thursday for a special dividend to distribute $227 million US from the sale of the Telegraph newspaper group and may buy $273 million worth of its own stock through a tender offer.
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Business & money: Shares jump more than 12% after embattled bank reveals takeover offers.
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Former Hollinger International boss Lord Black reaches a deal with the media group over windfalls from the sale of Telegraph newspapers.
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LONDON : Shares in Manchester United surged as US sports tycoon Malcolm Glazer reportedly raised his stake in the club, though the English football giants said that no firm take-over offer had been received.
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The US sports tycoon Malcolm Glazer last night kept his Manchester United bid hopes alive by wading into the market and buying a further 6 per cent of the club, lifting his stake to 25.
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DALLAS (CBS.MW) - Shares of TXU surged as much as 15 percent Monday after announcing it more than tripled its dividend payout from the prior quarter, increased its 2004 and 2005 earnings forecasts, and set a 50 million stock repurchase program.
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TORONTO (CP) - Conrad Black plans to retire as Hollinger Inc.&#39;s chairman and chief executive &quot;within a matter of days,&quot; a spokesman for the embattled press baron said in a statement Friday.
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Shares rallied on speculation that global demand for commodities and higher raw-material prices may fuel more takeovers.
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U.S. stock indexes rose on Monday as takeover news and strong profits from blue-chip companies, including Merck & Co. , reassured investors after Friday's sell-off.
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Media group Hollinger International says senior executives, including former chief Conrad Black, took $400m of its money.
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Shares in Dutch investment bank ABN Amro surged on the Amsterdam stock exchange on Wednesday as investors reacted to a proposal to break up the group.
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Investors bid up shares of LED maker on rumors of buyout by lighting giant.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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Units of giant private equity firm Blackstone Group LP  surged more than 20 percent in their stocks market debut Friday, a day after pricing at the top of the initial public offering's forecast range.
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TORONTO (CP) - The Conrad Black saga took a fresh twist Thursday as the embattled press baron announced plans to buy out other shareholders of Hollinger Inc.
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Acute care hospital operator Select  Medical Corp. SEM.N said on Monday it is being bought out by  a private equity group for $2.3 billion, sending shares soaring  by 24 percent.