Fortum Oyj (FORTUM.HE)
14 Dec 2017
Thu, Dec 7 2017
FRANKFURT/DUESSELDORF, Dec 7 German energy firm Uniper on Thursday promised higher dividends in coming years in its bid to convince shareholders not to tender their stock to Fortum in the Finnish group's 8.05 billion euro ($9.49 billion) takeover bid.
FRANKFURT Activist investor Elliott Management has taken a 5.32 percent stake in Uniper, putting pressure on Finland's Fortum to sweeten its 8.05 billion euro ($9.51 billion) takeover offer for the German energy company.
* Uniper shares close up 3.9 pct after hitting record (Recasts, adds context on E.ON-Fortum deal, shares)
FRANKFURT German energy firm Uniper, subject to a 8.05 billion euro ($9.54 billion) takeover bid by Finnish peer Fortum, could make small and selective acquisitions itself, its finance chief told the online version of FINANCE magazine.
FRANKFURT/DUESSELDORF German energy group Uniper rejected an 8.05 billion euro ($9.5 billion) takeover bid from Finland's Fortum on Tuesday but will hold talks as it seeks a higher offer and more commitments to the company's future.
FRANKFURT Finnish energy company Fortum's Chief Executive Pekka Lundmark had a good first meeting with the boss of takeover target Uniper , Klaus Schaefer, he told German magazine WirtschaftsWoche.
FRANKFURT, Nov 16 Finnish energy company Fortum's Chief Executive Pekka Lundmark had a good first meeting with the boss of takeover target Uniper, Klaus Schaefer, he told German magazine WirtschaftsWoche.
FRANKFURT/HELSINKI Germany's E.ON might have to pay as much as 1.5 billion euros ($1.7 billion) if a deal to sell its stake in Uniper to Finnish power group Fortum falls through, raising the bar for any rival to enter the auction.
* Uniper 9-month adjusted EBIT down 24 pct (Recasts, adds Uniper CFO comments)
HELSINKI, Nov 7 Fortum Chief Executive Pekka Lundmark said on Tuesday the Finnish utility had no plans to raise its 8 billion euro ($9.3 billion) offer for Germany's Uniper.