Tag: bid

US Opposes China Telecom’s Bid to Continue US Operations

November 24, 2021
bidBusiness & EconomyChinaChina Business & EconomyCompaniesFederal Communications CommissionJudiciaryTechTech NewstelecommunicationsUSUS NewsUS-China relations
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WASHINGTON—The U.S. Federal Communications Commission (FCC) on Wednesday asked a federal appeals court to reject China Telecom Corp.’s bid to continue providing services in the United States, after the telecommunications regulator revoked its authorization to operate last month. The U.S. arm of China’s largest Chinese telecommunications company asked the U.S. Appeals Court for the District…

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Morrisons Bidder CD&R Reaches Agreement With Pension Trustees

September 15, 2021
bidBusiness & EconomyCompaniesMarketsMorrisonstrustees
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LONDON—Morrisons suitor Clayton Dubilier & Rice said it had reached an agreement with the pension trustees of the British supermarket chain to provide additional security and support to the schemes, as it seeks to clinch the deal ahead of a rival bidder. Morrisons is at the center of a bid battle between two U.S. private…

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EasyJet to Raise $1.7 Billion After Rejecting Takeover Bid

September 9, 2021
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LONDON—EasyJet has rejected a takeover offer and will instead raise $1.7 billion from shareholders to strengthen its position in a European market struggling to recover from the COVID-19 pandemic, the British airline said on Thursday. The low-cost carrier did not identify its suitor, but said the all-share approach fundamentally undervalued its business and the potential…

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Hong Kong Tycoon Jimmy Lai Denied Another Bid for Bail in National Security Case

February 18, 2021
bailbidChinaChina Human RightsChinese RegimeHK Current AffairsHK EntertainmentHong KongJimmy Lainationalsecurity
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HONG KONG—Hong Kong’s High Court denied another bail application on Thursday to media tycoon and Beijing critic Jimmy Lai, the most high-profile person to be charged under the Chinese-ruled city’s national security law. The Court of Final Appeal ruled last week that a lower court’s decision last year to grant him bail applied “an erroneous…

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