News

Fri, 12 Apr 2019 16:51:16 GMT

Bristol-Myers shareholders seek Celgene takeover approval

On Friday, Bristol-Myers Squibb's shareholders voted for approval of the drugmaker's $74.0B takeover of the biotech company Celgene Corp, despite Starboard Value's intention to scrap the deal.

Fri, 12 Apr 2019 15:52:39 GMT

Occidental offers $70/share bid for Anadarko

Occidental Petroleum has submitted its cash-and-stock offer worth $70 a share for the oil and gas exploration and production company Anadarko Petroleum, despite an agreement signed by Chevron to acquire Anadarko for $33.0B.

Fri, 12 Apr 2019 15:52:10 GMT

Ferretti hires investment banks for IPO

Ferretti, Italy's luxury yacht builder, has hired UBS, Barclays and BNP Paribas as its advisers for the planned initial public offering on the Milano Stock Exchange, sources familiar with the matter reported on Friday.

Fri, 12 Apr 2019 14:50:31 GMT

Deutsche Bank investor seeks chairman oust

Deutsche Bank's investor Riebeck-Brauerei is planning to file an AGM motion, seeking to oust the chairman Paul Achleitner at the annual meeting scheduled for this year.

Fri, 12 Apr 2019 14:50:20 GMT

China's Foton plans Ford plant takeover

Chinese firm Beiqi Foton Motor is considering to acquire the Ford Motor plant located in Brazil, a deal that should serve as an alternative to Foton's planned construction of its own factory in Guaiba.

Fri, 12 Apr 2019 14:37:24 GMT

Spain's ACS considers renewable unit IPO

On Friday, Spanish building company ACS hired banks to advise on its renewable energy unit's IPO, as it seeks to take advantage of the sector's competitive prices.

Fri, 12 Apr 2019 13:39:21 GMT

Italy's UNI Banca ready for M&A deals

Italy's lender UNI Banca stated it is open for any merger and acquisition opportunity, adding it would be interested to cooperate with Banco BPM or Monte dei Paschi di Siena.

Fri, 12 Apr 2019 13:36:27 GMT

Unilever to acquire P&G's toothpaste brands

On Friday, Unilever announced it would acquire Procter & Gamble's Parogencyl and Fluocaril toothpaste brands, not disclosing the financial terms of the deal.

Fri, 12 Apr 2019 13:16:47 GMT

ArcelorMittal's Essar Steel takeover halted

India's Supreme Court has halted ArcelorMittal's payment for Essar Steel purchase, delaying the entry of billionaire Lakshmi Mittal into the Indian fast-growing steel market.

Fri, 12 Apr 2019 12:36:22 GMT

Chevron to acquire Anadarko in $33B deal

On Friday, Chevron Corp announced it was set to acquire Anadarko Petroleum in a deal valued at $33B, boosting its presence in the LNG and shale oil production.

Fri, 12 Apr 2019 10:42:52 GMT

Oil prices set record

During Friday's trading session crude oil prices set a new record. The prices have had their best surge during the last three years.

Fri, 12 Apr 2019 10:42:23 GMT

HSBC directors take pension cut

On Friday, three board members of HSBC agreed upon their pensions being cut to 10% of their base salary instead of the previous 30%.

Fri, 12 Apr 2019 10:33:21 GMT

EY reported Danske Bank fraud

Ernst & Young auditing company announced on Friday that it had reported the Danske Bank fraud cases to the bank's authorities already in 2014.

Fri, 12 Apr 2019 10:33:01 GMT

Chevron intends to buy Anadarko

On Friday, Chevron announced that they will buy Anadarko Petroleum for thirty three bullion US Dollars. Chevron will pay 39% premium on the stock. Due to the event Anadarko stock price jumped.

Fri, 12 Apr 2019 08:52:08 GMT

ProSiebenSat.1 denies Mediaset tajeover rumours

ProSiebenSat.1, the German media group, denied it had been approached by the Italian broadcaster Mediaset, dismissing the latest speculations about potential takeover deal.

Fri, 12 Apr 2019 08:50:18 GMT

Russia's Sberbank plans O'Key takeover

The biggest Russian lender Sberbank has entered talks to acquire O'Key, the mid-sized food retailer, to resell it to another investor, whose name has not been disclosed, if the deal goes through.

Fri, 12 Apr 2019 08:06:34 GMT

J. Crew considers listing for Madewell brand

J. Crew Group is reviewing various options, including an initial public offering for the Madewell brand, saying a potential listing could be finalised in the current year's second half.

Fri, 12 Apr 2019 08:00:52 GMT

Vedanta Resources attracts $1.0B via bond issue

On Friday, Vedanta Resources announced it had attracted $1.0B via a bond issue, seeking to use its proceeds to pay for the company's existing debt.

Fri, 12 Apr 2019 07:36:04 GMT

Stadler Rail's IPO valued at $3.8B

Stadler Rail's listing issue price was set at 38 Swiss francs for a share, valuing the Swiss company at 3.8B francs, the group announced on Friday before its planned SIX Swiss Exchange debut.

Fri, 12 Apr 2019 07:31:09 GMT

Santander to bid for 25% of Mexican unit

On Friday, Santander has launched an offer to acquire up to 25% in its Mexican division in a potential all-share deal valued at $2.93B, as the bank seeks to expand in Latin America.

Fri, 12 Apr 2019 06:37:27 GMT

Tesla starts leasing out Model 3 vehicles

Tesla has started to lease out its Model 3 cars on Thursday in the United States in the luxury electric carmaker's efforts to increase its customer base, saying its clients may lease the vehicle for a small down payment and proceed with monthly payments.

Fri, 12 Apr 2019 06:33:14 GMT

Danone to sell its US organic salad unit

On Friday, France's food group Danone stated it had inked a definitive deal for a sale of its US organic salad business Earthbound Farms to Californian firm Taylor Farms, not disclosing the financial details of the agreement.

Fri, 12 Apr 2019 05:36:27 GMT

Ron Burkle seeks acquiring National Enquirer

National Enquirer's owner American Media Inc has entered talks with Ronald Burkle over selling the tabloid to the California-based billionaire, according to the NYT report.

Fri, 12 Apr 2019 04:40:04 GMT

Uber warns it unlikely to make profit

Uber Technologies unveiled late on Thursday its initial public offering might not make a profit, as the ride-hailing firm's growth slows, despite it has about 91M users.

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