Deutsche Bank says to solve problems without help from Berlin
FRANKFURT, Sept 26 Deutsche Bank will solve its problems without relying on help from Berlin, Germany's flagship lender said on Monday.
* Says willing to engage in talks if Allied-Ares deal falters * Prospect says Allied unwilling to talk over potential deal
* Prospect up 2 pct, Allied up 3 pct to new yr-high
March 5 Prospect Capital Corp (PSEC.O) terminated its unsolicited bid to buy rival Allied Capital Corp (ALD.N), which is selling itself to Ares Capital Corp (ARCC.O), putting an end to the two month long proxy fight.
The termination follows Allied's plans to declare a special dividend of 20 cents a share if shareholders approve its merger deal with Ares. [ID:nSGE6220J9]
Prospect Capital, however, added if the proposed Allied-Ares deal does not go through and the Allied board was willing to engage in a productive dialogue, it will be interested in further talks.
Prospect and Allied were engaged in a bitter war of words after Allied rejected the initial bid and said it did not see it as a "superior proposal" over Ares Capital's offer. [ID:nSGE60I0JX]
Ares Capital has agreed to buy Allied Capital in an all-stock deal valued at $648 million. [ID:nBNG507417] [ID:nBNG534512]
(Reporting by Archana Shankar in Bangalore; editing by Akshay Lodaya)
LONDON, Sept 26 Turkish stocks, bonds and the lira sold off on Monday after a credit rating downgrade to junk while rising unease over U.S. politics and a meeting of oil exporters spurred broader emerging markets weakness.
FRANKFURT, Sept 26 ** German chemical maker Lanxess said on Monday it was confident that no rival bidder would trump its $2.7 billion takeover offer for U.S. peer Chemtura. ** "Chemtura's business is currently benefiting from clear advantages from raw materials, that's why we regard the price that we will pay as a really fair value," Chief Executive Matthias Zachert told journalists during a conference call. ** "We don't believe that there are other (bidders) that have such clear syn