Carl Icahn has mulled the idea of making a hostile bid for Netflix (NASDAQ:NFLX), but says he doesn’t think he “would ever get it,” he told CNBC. The activist investor conceded that he wouldn’t be able to pay as much for Netflix as would a “synergistic buyer,” and that he is unable to understand why the firm is not an acquisition target as he believes that it’s undervalued. In addition, he pointed to its 27 million subscribers, which alone rebuffs competitors, and also low interest rates.
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Glencore Inernational’s (GLCNF.PK) acquisition of the Canadian grain handler Viterra (VTRAF.PK) might not close until as late as December 10th, while the Ministry of Commerce of China continues its analysis the $6.1 billion transaction. Rumors have it that China is delaying until Canada makes a decision on Cnooc’s takeover of Nexen. The delay is also impacting Glencore’s side arrangements to flip some Viterra assets to Agrium (NYSE:AGU) and CF Industries Holdings (NYSE:CF), among others.
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