ward off :
- v prevent the occurrence of; prevent from happening
- v avert, turn away, or repel
News & Articles
- TheDeal: Softbank Increases Sprint Nextel Offer
NEW YORK (TheStreet) -- Japan's Softbank on Tuesday increased its agreed bid for Sprint Nextel to $21.6 billion, offering $1.5 billion more as it attempts to ward off a competing, unsolicited approach from Dish Network . Softbank said it would now offer the target's shareholders $7.65 per share, up from a previous $7.30 bid. In total, Sprint shareholders would receive $16.6 billion in cash ...
June 11, 2013 - TheStreet.com
- ECB official defends crisis action in German court
KARLSRUHE, Germany — A top European Central Bank official is defending the bank's key financial crisis backstop against a legal challenge in Germany's constitutional court. Joerg Asmussen says the ECB's plan to purchase bonds issued by indebted governments helped ward off financial disaster. He says the program — which has never been used — does not violate the EU treaty, which bans the ECB from ...
June 11, 2013 - Boston Herald