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Reuters - Business

Brazil antitrust regulator gives nod to Boeing-Embraer deal

Reuters
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid BRASILIA (Reuters) – Brazilian antitrust regulator Cade on Monday approved Boeing Co’s (BA.N) purchase of Embraer SA’s (EMBR3.SA) commercial aviation division without restrictions, according......
Reuters - Business

EU antitrust regulators to rule on $69 billion Aramco, SABIC deal by February 27

Reuters
The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed BRUSSELS (Reuters) – EU antitrust regulators will decide by Feb. 27 whether to clear state energy......
Reuters - Business

Capgemini passes first hurdle in Altran bid despite Elliott resistance

Reuters
The logo of Capgemini is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau PARIS (Reuters) – French consulting and IT services provider Capgemini (CAPP.PA) succeeded in securing more than half of the capital of smaller rival Altran Technologies, the French market......
Reuters - Business

Bombardier scrambles to craft rail merger with Alstom, Hitachi: sources

Reuters
LONDON/MONTREAL/PARIS (Reuters) – Bombardier (BBDb.TO) has approached France’s Alstom (ALSO.PA) and Japan’s Hitachi (6501.T) to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters. FILE PHOTO: A worker walks in front of a Bombardier advertising board at......
Reuters - Business

Xerox nominates new HP board after buyout rebuffs

Reuters
(Reuters) – Xerox Holdings Corp (XRX.N) said on Thursday it plans to nominate 11 independent candidates to HP Inc’s (HPQ.N) board, seeking to take control of the personal computer maker after several rejections of its $33.5 billion buyout offer. FILE PHOTO: A screen displays the logo for HP Inc. at......
Reuters - Business

Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake: sources

Reuters
KUALA LUMPUR/SINGAPORE (Reuters) – Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM (AIRF.PA) which wants as much as 49% while Japan Airlines (9201.T) is looking at a 25% stake, sources with knowledge of the matter said. FILE PHOTO: Malaysia Airlines planes are pictured at Kuala Lumpur......
Reuters - Business

Guoxuan says in talks with Volkswagen, hasn’t reached binding agreement

Reuters
FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Guoxuan High-Tech Co Ltd (002074.SZ) is in talks with Volkswagen AG (VOWG_p.DE) for potential strategic cooperation in technology, product,......
Reuters - Business

Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push – sources

Reuters
HONG KONG/BEIJING (Reuters) – Volkswagen AG (VOWG_p.DE) is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd (002074.SZ), two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market. FILE PHOTO: A Volkswagen electric ID car......
Reuters - Business

U.S. judge hears closing arguments in T-Mobile/Sprint merger trial

Reuters
NEW YORK (Reuters) – U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) are expected to urge a federal judge on Wednesday to let them proceed with their $26.5 billion merger, as a group of states argues the deal violates federal antitrust laws. FILE PHOTO: A smartphones with......
Reuters - Business

Visa to pay $5.3 billion to buy fintech startup Plaid

Reuters
(Reuters) – Visa Inc said on Monday it agreed to buy privately held software startup Plaid Inc in a $5.3 billion deal that will boost the payments giant’s access to the booming financial technology space. FILE PHOTO: A Visa credit card is seen on a computer keyboard in this picture......
Reuters - Business

The real price of Occidental’s ‘costless’ oil hedge

Reuters
(Reuters) – In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as “costless” but a Reuters review of regulatory filings, market data and interviews shows that’s not the whole story.......
Reuters - Business

Peugeot family aims to quickly raise PSA-Fiat Chrysler stake: newspaper interview

Reuters
PARIS (Reuters) – The Peugeot family, which will own a 6.2% stake in the new carmaker resulting from PSA (PEUP.PA) and Fiat Chrysler’s (FCHA.MI) merger, aims to increase its holding as soon as possible, a representative said in a newspaper interview. FILE PHOTO: The logos of car manufacturers Fiat and......
Reuters - Business

Takeaway seals victory in $7.7 billion Just Eat battle

Reuters
AMSTERDAM (Reuters) – Online food ordering company Takeaway.com has won the battle for Britain’s Just Eat with a 5.9 billion pound ($7.7 billion) all share offer that will create one of the world’s largest meal delivery companies. FILE PHOTO: The app for Just Eat is displayed on a smartphone in......
Reuters - Business

Takeaway shareholders approve Just Eat acquisition: company

Reuters
FILE PHOTO: The app for Just Eat is displayed on a smartphone in this posed picture in London, Britain, August 5, 2019. REUTERS/Toby Melville/File Photo AMSTERDAM (Reuters) – Dutch food ordering company Takeaway.com said on Thursday its shareholders had approved plans for the company’s proposed 5.9 billion pound ($7.7 billion)......
Reuters - Business

U.S. oil deals hit five-year high in 2019 on Occidental’s blockbuster Anadarko buy

Reuters
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford (Reuters) – The value of U.S. oil and gas mergers and acquisitions reached a five-year peak of $96 billion in 2019 on the back of competing bids for Anadarko Petroleum, energy data provider Enverus......
Reuters - Business

Hudson’s Bay chairman considers sweetened bid for retailer

Reuters
FILE PHOTO: A man exits a Hudson’s Bay department store in Toronto, Ontario, Canada June 6, 2016. REUTERS/Chris Helgren (Reuters) – Hudson’s Bay Co (HBC.TO) Chairman Richard Baker and his partners have approached the retailer’s minority stockholders, including bidding rival Catalyst Capital, to potentially raise their take-private bid, a source......
Reuters - Business

Egypt competition watchdog approves Uber acquisition of Careem with conditions

Reuters
FILE PHOTO: An UBER bus ushers Egypt fans to a soccer stadium before the start of a game against Ghana. REUTERS/Amr Abdallah Dalsh CAIRO (Reuters) – The Egyptian Competition Authority (ECA) said on Sunday it had approved ride-hailing group Uber’s (UBER.N) acquisition of former regional rival Careem after the regulator......
Reuters - Business

Astellas ramps up M&A, buys U.S. biotech Xyphos for as much as $665 million

Reuters
TOKYO (Reuters) – Astellas Pharma Inc (4503.T) has bought U.S.-based Xyphos Biosciences Inc to expand its immuno-oncology business, a deal worth up to $665 million including potential development milestones and its second acquisition announced this month. Astellas Pharma’s logo is pictured at its headquarters in Tokyo, Japan, December 3, 2019.......
Reuters - Business

Hyundai Development says consortium closes $2.2 billion acquisition of Asiana Airlines

Reuters
FILE PHOTO: A view of the Asiana Airline’s head office in Seoul August 8, 2013. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korean builder Hyundai Development Co (294870.KS) said on Friday its consortium has closed on its 2.5 trillion won ($2.16 billion) acquisition of a controlling stake in the country’s second-biggest......
Reuters - Business

Emaar says may raise funds against Burj Khalifa viewing decks, not selling them

Reuters
FILE PHOTO: The Burj Khalifa is lit up during New Year celebrations in Dubai, United Arab Emirates, January 1, 2019. REUTERS/ Hamad I Mohammed/File Photo DUBAI (Reuters) – Dubai’s Emaar Properties (EMAR.DU) said on Tuesday it was considering raising capital against cash flows generated by the observation decks on its......

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