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December 13, 2019
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Just Eat heated up by $6.5 billion Prosus bid, in challenge to Takeaway

Reuters
AMSTERDAM (Reuters) – Prosus (PRX.AS) raised its unsolicited cash offer for British food delivery service Just Eat (JE.L) to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway (TKWY.AS) in a bitter takeover battle. FILE PHOTO: Signage for Just Eat on the window of a restaurant in...
Reuters - Business

France’s Sanofi to buy biotech firm Synthorx for $2.5 billion

Reuters
PARIS (Reuters) – Sanofi (SASY.PA) said on Monday it had agreed to buy California-headquartered biotechnology firm Synthorx in a cash deal worth about $2.5 billion aimed at beefing up the French drugmaker’s pipeline of drugs for cancer and auto-immune disorders. FILE PHOTO: The logo of Sanofi is seen at the...
Reuters - Business

Proxy adviser ISS opposes plan by Hudson’s Bay chairman to take firm private

Reuters
(Reuters) – Institutional Shareholder Services said on Friday it recommends shareholders vote against a plan by the chairman of Hudson’s Bay Co (HBC.TO) to take the Saks Fifth Avenue owner private after the bid was topped by an offer from Catalyst Capital Group Inc. FILE PHOTO: U.S. flags fly outside...
Reuters - Business

U.S. agencies looking into Goldman-1MDB settlement below $2 billion: Bloomberg

Reuters
FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid WASHINGTON (Reuters) – Goldman Sachs Group Inc (GS.N) could end up paying less than $2 billion to resolve...
Reuters - Business

Aston Martin CEO says shareholders in it for the long-term, not soliciting participation

Reuters
An Aston Martin logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy ST ATHAN, Wales (Reuters) – Aston Martin’s two major shareholders are in it for the long term and the company is not actively soliciting participation, the firm’s boss said...
Reuters - Business

Billionaire Lawrence Stroll seeks big stake in Aston Martin: report

Reuters
LONDON (Reuters) – Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin (AML.L), Autocar magazine reported, sending the luxury sports car maker’s battered shares up 17% on Thursday. Aston Martin, the drive of choice for fictional British...
Reuters - Business

Judge to rule on Vivendi request to halt Mediaset European TV plan

Reuters
MILAN/PARIS (Reuters) – An Italian judge will decide on Vivendi’s (VIV.PA) request to block Mediaset’s (MS.MI) pan-European television project after the two groups failed to settle their long-running dispute, a legal source said on Friday. FILE PHOTO: The Vivendi logo is pictured in Paris, March 10, 2016. REUTERS/Charles Platiau/File Photo...
Reuters - Business

France’s PSA to sell stake in smaller Chinese tie-up as sales slide

Reuters
FILE PHOTO: The logo of PSA Peugeot Citroen is seen at the company’s plant in Poissy, near Paris, October 31, 2019. REUTERS/Charles Platiau PARIS/BEIJING (Reuters) – Peugeot maker PSA Group (PEUP.PA) said it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner Chongqing Changan...
Reuters - Business

PSA readying sale of its stake in Chinese tie-up with Changan

Reuters
FILE PHOTO: The logo of PSA Peugeot Citroen is seen at the company’s plant in Poissy, near Paris, October 31, 2019. REUTERS/Charles Platiau PARIS/BEIJING (Reuters) – Peugeot maker PSA Group (PEUP.PA) is preparing to sell its 50% stake in a joint venture with Chinese partner Chongqing Changan Automotive (000625.SZ), a...
Reuters - Business

Hedge funds control 35-45% of Osram shares in headache for suitor AMS: source

Reuters
MUNICH (Reuters) – Hedge funds control 35-45% of the shares of German lighting group Osram (OSRn.DE), posing a headache for Austrian suitor AMS (AMS.VI) as the investors may press for the $5 billion offer to be sweetened, a person close to the matter said on Thursday. FILE PHOTO: The logo...
Reuters - Business

Saudi Aramco IPO’s retail tranche oversubscribed: lead manager

Reuters
RIYADH (Reuters) – The retail portion of Saudi Aramco’s initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals ($10.2 billion), lead manager Samba Capital said on Thursday. FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019....
Reuters - Business

Panasonic to sell its chip unit to Taiwan’s Nuvoton for $250 million

Reuters
TOKYO (Reuters) – Panasonic Corp (6752.T) said it would sell its loss-making semiconductor unit to Taiwan’s Nuvoton Technology Corp (4919.TW) for $250 million as the Japanese electronics giant struggles to lift its profit amid a lack of growth drivers. FILE PHOTO: A man is reflected on Panasonic Corp’s logo at...
Reuters - Business

Manchester City owner to sell $500 million stake valuing itself at $4.8 billion: Financial Times

Reuters
FILE PHOTO: Soccer Football – Champions League – Group Stage – Group F – Olympique Lyonnais v Manchester City – Groupama Stadium, Lyon, France – November 27, 2018 General view of the Manchester City emblem before the match Action Images via Reuters/John Sibley (Reuters) – The owner of English Premier...
Reuters - Business

Manchester City owner to sell $500 million stake valuing itself at $4.8 billion: FT

Reuters
FILE PHOTO: Soccer Football – Champions League – Group Stage – Group F – Olympique Lyonnais v Manchester City – Groupama Stadium, Lyon, France – November 27, 2018 General view of the Manchester City emblem before the match Action Images via Reuters/John Sibley (Reuters) – The owner of English Premier...
Reuters - Business

London Stock Exchange shareholders vote on $27 billion Refinitiv deal

Reuters
LONDON (Reuters) – London Stock Exchange (LSE.L) shareholders met on Tuesday to vote on the exchange’s $27 billion takeover of analytics and data company Refinitiv, a deal designed to broaden LSE’s trading business and make it a major distributor of market data. FILE PHOTO: The Refinitiv logo is seen on...
Reuters - Business

U.S. charges former Outcome Health executives in $1 billion fraud

Reuters
(Reuters) – U.S. prosecutors announced criminal charges accusing the founders of Outcome Health of overseeing a scheme to overbill clients and fraudulently obtain nearly $1 billion of funds, including from major investors. FILE PHOTO: A general view of the Department of Justice building is seen ahead of the release of...
Reuters - Business

U.S. charges former Outcome Health executives over alleged fraud

Reuters
(Reuters) – U.S. prosecutors announced criminal charges accusing the founders of Outcome Health of overseeing a fraudulent scheme to overbill clients and raise $487.5 million in financing from major investors. FILE PHOTO: A general view of the Department of Justice building is seen ahead of the release of the Special...
Reuters - Business

EBay to sell ticketing unit StubHub for $4.05 billion

Reuters
(Reuters) – EBay Inc (EBAY.O) will sell ticketing unit StubHub to ticket reseller Viagogo Ltd for $4.05 billion in cash, the companies said on Monday, nearly a year after the ecommerce major came under pressure from activist investors to hive off some of its businesses. FILE PHOTO: The eBay logo...
Reuters - Business

India’s Paytm raises $1 billion in fresh funding

Reuters
FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. Picture taken January 31, 2019. REUTERS/Amit Dave NEW DELHI/BENGALURU (Reuters) – Indian digital payments company Paytm said on Monday it has raised fresh funds from a group of investors, including existing...
Reuters - Business

Exclusive: UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi – sources

Reuters
ISTANBUL/LONDON/MILAN (Reuters) – UniCredit (CRDI.MI) has struck a deal to reduce its exposure to Turkey’s Yapi Kredi (YKBNK.IS), three sources told Reuters, a move seen as a first step toward the Italian bank’s full exit from the recession-hit country. FILE PHOTO: The UniCredit-Banca di Roma bank headquarters is seen in...

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