unsolicited bid
| 10:30AM 6/07/2011
The case of International Paper's hostile offer for forest products company Temple-Inland is a lesson in why you shouldn't just jump on a hot takeover stock. IP offered Temple 45% more than its market value, and got shot down. Investors who hoped to cash in are likely to be stuck with loses.
| 5:00PM 9/08/2010
Airgas' board of directors unanimously rejected an increased bid of $65.50 a share from larger competitor Air Products & Chemicals.