Reuters - Endologix Inc said it received an unsolicited takeover bid from hedge fund Elliott Associates LP for $2.25 a share, 18 percent higher than the stock’s Wednesday closing price.
The company, which develops and manufactures minimally invasive treatments for vascular diseases, said it will review the unsolicited proposal and make a determination and respond […]

AP - Chinese steelmaker Sinosteel Corp. has taken control of 98 percent of Midwest Corp. and will proceed with compulsory acquisition of the Australian miner, Midwest said.
In a brief statement Wednesday, Midwest said Sinosteel would recommend de-listing the company from the Australian Securities Exchange. The conclusion of the deal marks the first successful hostile takeover […]

Wall Street Journal - Hedge fund Elliott Associates LP made public a letter to Republic Services Inc. in which it said the company’s board wasn’t doing its duty by fully considering the raised $6.73 billion takeover bid from Waste Management Inc.
The fund, which said it is a "meaningful" shareholder in the company, asserted the Waste […]

New York (HedgeCo.Net) - Philip Richards, head of hedge fund RAB Capital, is stepping down and will be replaced with Finance Director Stephen Couttie, according to a statement made by the company yesterday.
Richards ran the $1.4 billion Special Situations Fund, which received poor press and even worse returns when it lost millions thanks to the […]

West Palm Beach (HedgeCo.net) - Elliott Associates, a New York hedge fund firm, has bought a 9.9% stake in Epicor Software Corp. and is inquiring about possible strategic alternatives for the company, Markets Media Online reports.
In a filing made with the Securities and Exchange Commission, Elliott now owns nearly 6 million shares of Epicor, just […]

Tampa Tribune - Yahoo is recounting the shareholder vote for its board of directors after discovering that a tabulating firm failed to register the opposition of a major investor.
The revision won’t change the outcome of Friday’s election, which retained Yahoo’s incumbent directors despite shareholder anger about the board’s handling of a now-withdrawn $47.5 billion takeover […]

New York (HedgeCo.Net) - Anheuser-Busch has agreed to a $50 billion takeover bid by Brazilian-Belgium brewer InBev, in which will result in the largest beer company in the world. 
The final $70 a share offer was $5 higher than the original bid in which Anheuser-Busch rejected.  The company will now be called Anheuser-Busch InBev according […]

New York (HedgeCo.Net) - Budweiser maker Anheuser-Busch is suing InBev after declaring that their “bargain price” offer of $65 a share is illegal.  Anheuser-Busch accuses InBev of using “deceptive conduct” to try to win control of the company.  
InBev recently filed a consent solicitation statement with regulators in an attempt to take over Anheuser-Busch’s board.  […]

Reuters- Hedge fund SAC Capital reported on Wednesday that it had cut its stake in Take-Two Interactive Software Inc to 4.4 percent from 5.3 percent.
The fund did not give a reason for the recent stock sales in a filing with the U.S. Securities and Exchange Commission. It said it was no longer a beneficial […]

The Age- Plans by Melbourne-based Lion Selection to sell its stake in Indophil to Xstrata for $1 a share have come under attack from London hedge fund Carrousel Capital.
The move raises the prospect that Indophil can turn the tables on Lion, its 25.4% shareholder, with its scrip takeover bid for the group.
Carrousel holds more than […]