Elliott Management Corp. has nominated four directors to the board at Twitter Inc., according to a person familiar with the matter, setting the stage for a potential showdown between one of the most prolific and pugnacious activist hedge funds and the influential social-media company. Elliott has taken a roughly $1Read More →
© Reuters. Egypt issues new rules on buying treasury stocks in bid to support market CAIRO (Reuters) – Egypt introduced exceptional measures on Sunday to make it easier for listed companies to buy treasury stocks, a move aimed at supporting the stock market following a sharp fall in world marketsRead More →
By David Shepardson and Nandita Bose WASHINGTON (Reuters) – A U.S. judge on Thursday granted Amazon.com (NASDAQ:) Inc’s request for a preliminary injunction to pause the U.S. Department of Defense and Microsoft Corp (NASDAQ:) from moving forward on an up-to-$10 billion cloud computing deal. Judge Patricia E. Campbell-Smith issued theRead More →
Don’t miss these top stories: ‘Meghan Markle found out she would be a civil servant in a tiara.’ How Meghan and Harry’s American adventure will make them rich beyond their wildest dreams With advice from friends like Oprah, the royal couple will likely follow the Obamas’ lucrative post-White House careerRead More →
The latest offer to take Hudson’s Bay (OTCPK:HBAYF) private by the investor group led by Richard Baker appears to be a fair one. I had noted before that I thought the last bid at C$10.30 (US$7.92 at current exchange rates) per share undervalued the company and real estate by aRead More →
© Reuters. China’s largest potash producer fails in fifth bid to raise funds SHANGHAI (Reuters) – China state-owned Qinghai Salt Lake Potash Co, the country’s largest potash producer, failed to sell its assets in a fifth round of auctions on Wednesday aimed at raising funds and avoid being delisted fromRead More →
FRANKFURT (Reuters) – An attempt by Deutsche Lufthansa (DE:) to avert a planned cabin crew strike at the airline’s Germanwings unit failed on Saturday as their trade union rejected management concessions as insufficient. An offer by Lufthansa’s short-haul budget division to enter mediation and make concessions on part-time working wasRead More →
© Reuters. FILE PHOTO: Boeing CEO Muilenburg testifies before Senate Commerce, Science and Transportation hearing on grounded 737 MAX on Capitol Hill in Washington By Ankit Ajmera and Tim Hepher (Reuters) – Boeing Co (N:) has fired its Chief Executive Dennis Muilenburg, seeking to restore confidence after two fatal crashesRead More →
© Reuters. Christian Scherer, Airbus Chief Commercial Officer, speaks during a news conference for the delivery of the first Fiji Airways A350 XWB airliner at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse By Tim Hepher and Philip Blenkinsop PARIS/BRUSSELS (Reuters) – The World Trade Organization on MondayRead More →
© Reuters. Catalyst Plans a $1.5 Billion Rival Bid for Hudson’s Bay (Bloomberg) — One of Hudson’s Bay Co.’s largest shareholders has made a bid that values the retailer at more than C$2 billion ($1.5 billion), topping a rival offer from a group led by the company’s chairman. Catalyst CapitalRead More →
HP Inc. again rejected acquisition overtures from Xerox Corp. on Sunday, in a sharply worded letter that questioned the copier company’s ability to raise enough cash and its future viability. In a letter to Xerox Chief Executive John Visentin, HP CEO Enrique Lores and Chairman Chip Bergh, on behalf ofRead More →
AMS launched a renewed $5 billion takeover bid for Osram on Thursday, hoping a lower shareholder acceptance requirement will be enough to secure its acquisition of the German lighting company. The Austrian smartphone sensor supplier is still offering the same price of €41 a share, but it now only needsRead More →
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body has sought more information from Amazon.com Inc (O:) about its planned acquisition of a stake in India’s Future Retail (NS:), sources with knowledge of the matter told Reuters, which could potentially delay the deal. Amazon in August agreed to acquireRead More →
© Reuters. Investing.com – Luxury goods makeres were higher in midday trade on Monday after LVMH’s surprise bid for Tiffany & Co (NYSE:) sparked speculation of consolidation in the sector. LVMH (PA:) made an unsolicited offer of $120 per share for the luxury jewelry retailer, which Tiffany’s says it isRead More →
SAO PAULO (Reuters) – Chinese telecoms equipment maker Huawei Technologies Co is joining forces with China Mobile (HK:) to potentially enter a dispute to buy struggling Brazilian carrier Oi SA (SA:), in an attempt to boost its footprint in Latin America’s largest market, O Globo news website reported on Saturday.Read More →
© Reuters. Investing.com – Shares of the Hong Kong Exchanges and Clearing Limited (HKEX) fell after the bourse made a surprise takeover bid for the London Stock Exchange Group. The proposed takeover approach is worth 31.6 billion pound ($38.97 billion) and will consist of both cash and newly issued HKEXRead More →
© Reuters. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong HONG KONG (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEX) (HK:) shares fell more than 3% on Thursday after the bourse unveiled a $39 billion takeover approach toRead More →
CERNOBBIO, Italy (Reuters) – Italian railway group Ferrovie dello Stato (FS) plans to bid for a contract in the United States with an overall value of $20 billion, Chief Executive Gianfranco Battisti said on Saturday. The bid is part of FS’s efforts to branch out of its traditional market, aRead More →
ATHENS (Reuters) – Hard Rock International will bid for a casino license in a long-delayed tourist development in Athens and plans to spend more than 1 billion euros ($1.11 billion) on the project, the U.S. firm’s chairman said in a newspaper interview. The casino will be part of a plannedRead More →
The pound plummeted on Wednesday as British Prime Minister Boris Johnson set out plans to suspend Parliament, slashing MPs’ hopes of blocking a no-deal Brexit. The move would see Parliament suspended for five weeks before returning on Oct. 14—less than three weeks before Britain’s scheduled departure from the EU onRead More →
By Arriana McLymore NEW YORK (Reuters) – Facebook (NASDAQ:) announced on Tuesday that it was rolling out a tool that aims to provide users with potentially life-saving information in emergencies, as it seeks to improve its public image and play down its reputation as a network that aids the spreadRead More →
© Reuters. European shares rebound, AMS bid for Osram puts M&A in focus (Reuters) – European shares bounced back on Monday after a tumultuous week highlighted by U.S.-China trade tensions and Italy’s political turmoil, with a bidding war for German lighting group Osram possibly heating up deal-making in the region.Read More →
By Huw Jones and Elizabeth Dilts LONDON/NEW YORK (Reuters) – London Stock Exchange Group Plc’s (L:) planned purchase of Refinitiv in a $27 billion deal is the latest sign that exchange operators are focusing more on data products to increase revenue, while also trying to expand their global reach. ForRead More →
If at first you don’t succeed, just create your own central bank. Stephen Moore failed in his bid to join the Federal Reserve board, but the controversial conservative economic adviser will reportedly soon be playing a key role at a new “central bank” for cryptocurrencies. Fox Business reported late MondayRead More →
© Reuters. U.S. flags fly outside of Saks Fifth Avenue in New York By Jessica DiNapoli and Harry Brumpton (Reuters) – The success of Hudson’s Bay Co Executive Chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view theRead More →
