Royal Takeover - Factbites

Royal Takeover - Factbites
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Topic: Royal Takeover

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In the News (Mon 21 Dec 09)

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	CTV.ca Canada 3000 suit seeks $45M from Royal Aviation
		The $84-million, stock-swap deal for Royal was announced in January while news of the CanJet takeover, worth $7 million, came out in late March.
		In a statement of claim filed in Ontario Superior Court of Justice on Wednesday, the Toronto-based carrier is seeking $40 million in damages from Michel Leblanc, former chairman and president of Royal; the company itself, Groupe Royal Aviation Inc.; and Roland Blais, former chief financial officer.
		TORONTO - Canada 3000 Inc. is seeking $45 million in damages in a lawsuit against former top executives of Royal Aviation Inc., a Montreal-based airline it took over earlier this year.
	www.ctv.ca /servlet/ArticleNews/story/CTVNews/1027389024336_22798224

	SOUTHERN melvins > hostile ambient takeover
		Hostile Ambient Takeover finds them at their most melodic, a flavourful mix of quiet intensity and noisy calm.
		Take cover: The Melvins are back with their eighteenth album and this is the royal best yet.
		Having released five records in the last year alone, you'd expect this band to be struggling for new ideas - well, you'd be wrong.
	www.southern.com /southern/band/MELVN/IPC20.html (154 words)

	Royal scandal rocks Nepal - The Times of India
		Some say Deuba - who was sacked by the king in 2002, re-appointed last year, and then dismissed again after a royal takeover last month - had granted the request hoping to remain on the right side of the King.
		KATHMANDU: A member of Nepal's royal family has hit the headlines for allegedly receiving largesse from a government fund meant for victims of natural disasters and the Maoist insurgency.
		The request for allocating the sum to her is said to have come from the palace, possibly from King Gyanendra himself, during his usual weekly audiences with former prime minister Sher Bahadur Deuba in the Narayanhiti Palace on Thursdays.
	timesofindia.indiatimes.com /articleshow/1065461.cms (154 words)

	Full Coverage : HindustanTimes.com
		They were arrested for conducting an interaction programme opposing the February 1 royal takeover in the Himalayan Kingdom.
		Nepal's King Gyanendra arrested former PM Sher Bahadur Deuba, write Keshav Pradhan and Nilova Roy Chaudhury.
		Nepal justifies state of emergency to UN »
	www.hindustantimes.com /news/611_0,001300980000.htm (154 words)

	ZNet Asia Royal Takeover in Nepal: Drastic and Ill-Advised
		Secondly, the royal address was replete with castigating references to political parties, who are theÂ intermediaries for pluralism and democratic practice anywhere in the world.
		It is inexplicable how the royal palace plans to attend to the criticism that is bound to erupt in the domestic political arena as well as in the international community.
		If such is indeed the case and there is rapid movement towards tranquility, with the insurgents being routed or laying down arms, the royal palace may be able to overcome the turbulence it has introduced into the Nepali polity.
	www.zmag.org /content/showarticle.cfm?SectionID=44&ItemID=7167 (154 words)

	Guardian Royal Exchange
		Guardian Royal Exchange is in talks with a number of companies which could lead to a £3bn takeover.
		Guardian Royal Exchange is planning to expand its North American business by acquiring small commercial and motor insurance companies, but appears to be losing interest in the acquisition of a UK life assurer.
		Guardian Royal Exchange is looking for acquisitions in the life insurance markets in the UK and Germany, as well as the general sector in the US.
	www.ukbusinesspark.co.uk /gue31280.htm (154 words)

	UK PRESS: KPN CEO: Won't Buy Telfort If Regulator Objects
		Scheepbouwer insisted he is optimistic that the watchdog would approve the takeover, which will lift KPN's share of the Dutch mobile market to 43%, but he told the FT that any demands for "major remedies" would force him to abandon the deal.
		NEW YORK -(Dow Jones)- Royal KPN NV (KPN) will walk away from the EUR1.1 billion acquisition of Telfort, its fast-growing domestic mobile rival, if the Dutch regulator intervenes, Chief Executive Ad Scheepbouwer told the Financial Times for an article on the paper's Web site Tuesday.
		Scheepbouwer believes the regulator should base its deliberations on the number of mobile competitors in the market rather than KPN's overall market share, according to the FT report.
	www.cellular-news.com /story/13708.php (154 words)

	Strategic Affairs - Analysis
		THE ROYAL Bhutan Army was organized as a regular military force in the 1950s with the encouragement of India and in response to China's takeover of Tibet.
		Royal Bhutan Army cadets were sent to the National Defence Academy at Pune, followed by training at the Indian Military Academy at Dehra Dun, from where they were commissioned as second lieutenants.
		Army camps had been established, the strength of the troops deployed increased and the quality of their weapons and equipment had been improved.
	www.stratmag.com /issueMar-1/page06.htm (3579 words)

	Shell Canada denies knowledge of takeover plans by parent Royal Dutch Shell
		Royal Dutch Shell is one of the world's largest energy companies and has recently undergone a restructuring that merged Shell Transport and Trading together with Royal Dutch Petroleum, the two companies that originally formed the Royal Dutch Shell group.
		CALGARY (CP) - Shares in Shell Canada Ltd. fell more than three per cent Tuesday after the oil and natural gas producer said it was unaware of any plans by parent company Royal Dutch Shell plc.
		Sustained, near-record oil and gas prices have swelled cashflows of most energy companies and rekindled expectations of big-money takeovers in the sector.
	www.cbc.ca /cp/business/060103/b0103114.html (551 words)

	Guardian Unlimited The Guardian Protesters in Nepal oppose royal takeover
		Police arrested 57 protesters in Nepal yesterday as the royal government imposed a communications blackout to thwart efforts to organise rallies against the king's seizure of power on February 1.
		In Kathmandu, the call for demonstrations to recognise Democracy Day, which marks the end of autocratic rule in Nepal in 1951, went largely unheeded.
		Authorities reconnected telephone lines 10 hours after they were cut.
	www.guardian.co.uk /international/story/0,3604,1417973,00.html?gusrc=rss (551 words)

	CNN.com - Royal Bank of Scotland buys Mellon unit - Jul. 17, 2001
		Royal Bank shares were down 1.9 percent to 1,501 in London afternoon trading after the acquisition and the issuing of new shares were announced, along with an earnings forecast.
		Royal Bank said it estimates the current earnings of the Mellon banking business to be an annualised $241 million before tax and $161 million after tax.
		Royal Bank (RBOS) also announced a share placement in London to raise £2 billion ($2.8 billion) to fund the Mellon transaction and integration of the businesses.
	edition.cnn.com /2001/BUSINESS/07/17/royal (504 words)

	Royal Bank of Scotland profits jump - Aug. 7, 2001
		Royal Bank said half-year profit before tax, goodwill amortisation and integration costs rose 37 percent to £2.75 billion, also on the basis that the NatWest takeover had fully contributed.
		Royal Bank acquired the far larger NatWest in March last year amid a wave of consolidation in European banking, beating a bid from rival Bank of Scotland (BSCT) and overcoming NatWest's determined defence.
		Royal Bank is also expanding its business in the U.S. Major consolidation moves in the UK banking industry have come to a halt for now, following the rejection by competition authorities of a recent bid by Lloyd's TSB for mortgage bank Abbey National.
	money.cnn.com /2001/08/07/europe/rbos (633 words)

	Business Unlimited Business latest Aviva in £1bn talks to drive off with RAC
		The insurer was forced to speed up its work on the transaction after RAC's shares raced higher on the stock market yesterday, forcing the car leasing and roadside recovery group to put out an announcement that it had received a takeover approach.
		Analysts noted that the RAC results showed the group had a pensions deficit of more than £200m and an agreement with the trustees that allowed them to set the contribution rate, which might be a sticking point in negotiations.
		A private members' club until 1999, when it was bought by car hire group Lex for £400m, RAC is trying to expand rapidly into insurance, particularly in the competitive motor market.
	www.guardian.co.uk /business/story/0,3604,1433335,00.html (667 words)

	1857 - Shanghai - North China Branch of the Royal Asiatic Society = North-China Branch of the Royal Asiatic Society - History of Scholarly Societies
		In discussing the long period of dormancy of the Hong Kong Branch of the Royal Asiatic Society, Otness (1998) indicates that after the expulsion of foreigners from mainland China in 1949, it was only a matter of a year (i.e.
		In 1858 it became an affiliate of the Royal Asiatic Society of Great Britain and Ireland, and was named the North China Branch of the Royal Asiatic Society.
		North China Branch of the Royal Asiatic Society = North-China Branch of the Royal Asiatic Society
	www.scholarly-societies.org /history/1857ncbras.html (510 words)

	Bhutan Army gets new chief - News - Webindia123.com
		Bhutan's army was organised as a regular military force in the 1950s with the encouragement of India and in response to China's takeover of Tibet.
		The handing over ceremony was held at the Royal Bhutan Army headquarters at Lungtenphu here and was attended by senior officers of the army, Royal Body Guards and Royal Bhutan Police.
		Tshering took over the post of chief operations officer of the Bhutan Army from Lam Dorji, the kingdom's state-run daily Kuensel reported.
	news.webindia123.com /news/showdetails.asp?id=150066&cat=Asia (118 words)

	Royal Bank of Scotland in $10 billion buy - U.S. Business - MSNBC.com
		Royal Bank became the U.K.’s No. 2 bank in 2000 when it bought NatWest, which was more than twice its size, for 21 billion pounds after a hostile takeover battle.
		Royal Bank said it plans to issue about 2.5 billion pounds ($4.5 billion) of shares to help pay for Charter One, and expects $185 million of annual cost savings after three years.
		Royal Bank of Scotland Plc, the No. 2 bank in the United Kingdom, Tuesday said it agreed to buy Charter One Financial Inc. for $10.5 billion, expanding into six Northeast and Midwest U.S. states.
	www.msnbc.msn.com /id/4902089 (739 words)

	Royal Bank of Scotland wins 60% of NatWest votes - Feb. 15, 2000
		LONDON (CNNfn) - Royal Bank of Scotland took a giant step closer to victory Monday in a long-running takeover battle for National Westminster Bank after a final tally of votes confirmed that the Scottish suitor had secured the crucial support of a majority of NatWest shareholders.
		Royal Bank said it had captured 60 percent of NatWest shares, catapulting it over the 50-percent threshold needed to prevail over rival suitor Bank of Scotland, which was yet to unveil its final vote tally.
		That is when NatWest effectively threw in the towel in its five-month fight to remain independent by recommending that shareholders accept Royal Bank's 21 billion pound ($33.6 billion) bid.
	money.cnn.com /2000/02/15/europe/natwest (380 words)

	BreakingNews.ie: SIPTU demand job security from Royal Bank of Scotland
		SIPTU have threatened industrial action if the Royal Bank of Scotland does not give assurances on job security during it's planned takeover of First Active.
		Earlier this week, the bank hinted that there might be hundreds of job losses if the 900m deal gets the go ahead.
		Sinn Féin is accusing the UDA of stepping into the political vacuum in the North and increasing sectarian tensions and attacks in Belfast.
	www.breakingnews.ie /2003/10/09/story116635.html (380 words)

	Royal Bank Of Canada.ca
		Bank of Italy governor Antonio Fazio has denied wrongdoing in a disputed takeover bid for an Italian bank, according to remarks published Monday.
		Global bank HSBC highlighted its focus on emerging markets on Monday as it reported a 5 percent rise in first-half profits and reiterated that the UK was its most difficult credit market.
		Global bank HSBC Holdings (0005.HK) reported a 5 percent rise in first-half profit on Monday on the back of a strong performance in its consumer finance business.
	www.ebank.name /bank/royal-bank-of-canada.ca.html (380 words)

	FT.com / By industry / Financial services - Regan's Corvus sees RSA as a bid prospect
		Corvus Capital, the cash-shell used as a vehicle by Andrew Regan, the entrepreneur, has identified Royal and Sun Alliance as one of several undervalued companies that could be a takeover target.
		Royal and Sun Alliance sells US insurance arm
		Mr Regan, best known for his failed £1.2bn bid for the Co-operative Wholesale Society in 1997, has been "running a mathematical scenario" on RSA, the UK's second-largest general insurer, according to people close to the situation.
	news.ft.com /cms/s/b3d48812-dba8-11d9-913a-00000e2511c8.html (129 words)

	SOUTHERN melvins > hostile ambient takeover
		Hostile Ambient Takeover finds them at their most melodic, a flavourful mix of quiet intensity and noisy calm.
		Take cover: The Melvins are back with their eighteenth album and this is the royal best yet.
		Having released five records in the last year alone, you'd expect this band to be struggling for new ideas - well, you'd be wrong.
	www.southern.com /southern/band/MELVN/IPC20.html (129 words)

	Royal Bank of Scotland
		The Royal Bank of Scotland took a quantum leap into the upper ranks of the global banking industry in 2000 with the hostile takeover of leading clearing bank NatWest.
		The Adbrands Company Profile of Royal Bank of Scotland Group summarises the company's history and current operations.
		After a bruising bid war with arch-rival the Bank of Scotland, RBS took the prize, becoming the UK's #2 financial services institution.
	www.mind-advertising.com /uk/royalbankscotland_uk.htm (178 words)

	icCheshireOnline - Trust's first year success
		THIS week marks the first anniversary of the takeover by Weaver Vale Housing Trust of Vale Royal Borough Council's housing stock.
		Cllr Tony Hooton, who is chairman of the Trust, added: 'Transferring control from the borough council to a Trust has been immensely challenging and the smooth transition has been a testament to the dedication of Weaver Vale Housing Trust staff.
		Bob Floyd, the Trust's chief executive, said: 'This is a major programme of improvements and will substantially benefit our tenants over the next few years.
	iccheshireonline.icnetwork.co.uk /0100news/midcheshirechronicles/content_objectid=13133896_method=full_siteid=50020_headline=-Trust-s-first-year-success-name_page.html (178 words)

	Royal Canadian Air Farce Episode Guide - Royal Canadian Air Farce Season Episodes - TV.com
		Canadian Moment The doughnut gang discuss Roger's Cable takeover, NSF and other things.
		Fax Manning Preston Manning wants to air the average Canadian's beef in Parliament, with the help of a fax machine.
		Videopinion--Kim Campbell Woman on the street suggests Kim run again as Canadians are fond of losers.
	www.tv.com /royal-canadian-air-farce/show/7292/episode_guide.html (2310 words)

	RBS plans break with Widows
		Scottish Widows is believed to have told Royal Bank of the takeover only the night before the announcement.
		The Widows takeover, due to be completed next spring, will also put Royal Bank in the uncomfortable position of having Lloyds TSB as one its biggest shareholders.
		The purchase of Widows' stake in Royal Scottish Assurance will be the second time that Royal Bank has taken back full ownership of the company.
	www.telegraph.co.uk /htmlContent.jhtml?html=/archive/1999/08/15/cnrbs15.html (455 words)

	Guardian Unlimited Business HBOS voices Abbey concerns
		HBOS said the bank would also ask the commission to verify that Royal Bank and Santander had no verbal or written agreement that would allow Royal Bank to take on any of Abbey's back-office operations in the event of a Santander takeover of Abbey.
		HBOS today assumed a spoiler's role in Santander Central Hispano's £8.3bn takeover of Abbey National by highlighting the Spanish bank's ties to the Royal Bank of Scotland.
		Prior to the HBOS announcement, the commission was expected to clear the takeover, because the deal does not appear to raise competition issues over market dominance.
	business.guardian.co.uk /story/0,3604,1289266,00.html?=rss (580 words)

	Nepal king snubs India royally - Deccan Herald
		But though the US had joined forces with India and the UK to express concern at the royal takeover and urge for the restoration of multi-party democracy, the American ambassador, James Francis Moriarty, has been given preferential treatment with the king granting him a meeting within less than 10 days of a request.
		Almost within a week of the royal coup, King Gyanendra had met the Indian, US and UK ambassadors separately, defending the royal takeover.
		This despite the fact that Moriarty also sought to meet Nepal’s top political leaders who have been under arrest since the royal coup on February 1.
	www.deccanherald.com /deccanherald/mar242005/f1.asp (380 words)

	EU starts review of Air France-KLM link - KLM Passenger Forum
		KLM stock is currently trading at an 18-percent discount to Air France's all-share takeover offer, a large part of which reflects fears that the marriage could be tripped up by regulatory or other hurdles.
		KLM said last month that it expected its takeover by Air France to receive regulatory clearance by mid-February and to be completed by April.
		Groupe Air France SA chief executive Jean-Cyril Spinetta said he is confident that US and EU regulators will approve the company's plan to merge with KLM Royal Dutch Airlines NV in the first quarter of this year.
	www.travel-mania.net /klmforum/showthread.php?threadid=174 (1556 words)

	'Election - a conspiracy to legitimise power grab'
		The leaders, who had gathered to observe the 75th birth anniversary of Nepal Sadbhavana Party founder-president and Terai leader Gajendra Narayan Singh, urged the political parties to form a united front against the royal takeover and vowed to fight for restoration of full-fledged democracy.
		Veteran communist leader and general secretary of Nepal Communist Party-United Bishnu Bahadur Manandhar said the King's announcement to hold municipal election as a conspiracy to legitimise the February 1 royal takeover.
		There is a need to set up common agenda by all the political parties to fight against the palace's attempt to regain power, which it lost through the 1990 People's Movement that restored multiparty democracy in the Himalayan Kingdom, Manandhar said.
	news.indiainfo.com /2005/04/18/1804nepal-parties.html (328 words)

	Insight on the News: Fleet Boston could face hostile takeover - the business - Brief Article - Column
		Fleet Boston is seen as a rival to the banking network the Royal Bank has been establishing in New England.
		Last year, the Royal Bank of Scotland, one of Europe's most successful, looked at Fleet Boston and still could be interested, say sources.
		The troubled bank Fleet Boston--in mid-April it posted a 23 percent drop in first-quarter profits--appears ever more ripe for a takeover.
	www.findarticles.com /p/articles/mi_m1571/is_11_19/ai_101941842 (260 words)

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In the News (Mon 21 Dec 09)