UK warehouse landlord Segro has rejected a £12.6bn takeover offer from US rival Prologis. The board unanimously deemed the all-share proposal, which offered a 24.6% premium, insufficient, citing Segro's strong underlying business and prospects despite current market dislocations.
Commerzbank accuses UniCredit of lacking transparency in its takeover bid, demanding disclosure of derivative agreements. UniCredit's offer has seen a slight increase in accepted shares.
Uber is reportedly increasing its offer for Delivery Hero, with DoorDash also in talks. However, antitrust concerns and major shareholders' interests complicate a full takeover, potentially leading to a breakup of the company.
The Onion's planned takeover of Alex Jones' Infowars has moved to the Texas Supreme Court after a state appeals court gave Jones a reprieve. The satirical publication hoped to acquire Infowars and turn it into a mockery, with proceeds going to Sandy Hook families who won a $1.3 billion defamation judgment against Jones for spreading lies about the 2012 school shooting. Jones says he must vacate his Austin studio because a court-appointed receiver stopped paying bills, though he plans to rebuild at a new location Thursday. The families' attorneys filed their own appeal to the Texas Supreme Court, stating they have 'endless patience' and over $1 billion in judgments that they intend to collect.
