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July 11, 2020
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Reuters - Business

Vans, not glamorous, but key as EU weighs autos mega-merger

Reuters
MILAN/PARIS (Reuters) – Their silhouettes don’t stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger. FILE PHOTO: A Peugeot......
Reuters - Business

Australian regulator says Google’s $2.1 billion Fitbit deal could harm competition

Reuters
SYDNEY/BENGALURU (Reuters) – Australia’s antitrust regulator warned Google’s planned $2.1 billion acquisition of fitness tracker maker Fitbit (FIT.N) may give it too much of people’s data, potentially hurting competition in health and online advertising markets. FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Alphabet logo in......
Reuters - Business

LSE offers no concessions to avert deeper EU probe of Refinitiv deal: sources

Reuters
BRUSSELS/LONDON (Reuters) – The London Stock Exchange (LSE.L) will not offer concessions to EU antitrust regulators reviewing its $27 billion bid for data and analytics company Refinitiv, two people familiar with the matter said, a move which will likely trigger a four-month probe. FILE PHOTO: The Refinitiv logo is seen......
Reuters - Business

BPER sees cash call of 600-700 million euro to fund new Intesa deal: sources

Reuters
MILAN (Reuters) – Italy’s BPER Banca (EMII.MI) estimates it will need to raise 600-700 million euros in a new share issue to fund a revised deal to buy branches and assets from Intesa Sanpaolo (ISP.MI), two sources with knowledge of the matter said on Monday. BPER has already approved a......
Reuters - Business

Intesa, BPER revise terms aiming to avert antitrust hurdles to UBI deal

Reuters
MILAN (Reuters) – Italian bank Intesa Sanpaolo (ISP.MI) has increased the number of branches and amount of assets it will sell to rival BPER (EMII.MI) if its proposed takeover of UBI Banca (UBI.MI) goes through in an effort to overcome antitrust objections to the deal. FILE PHOTO: Intesa San Paolo......
Reuters - Business

EU regulators to decide on Alstom, Bombardier deal by July 16

Reuters
FILE PHOTO: A worker walks in front of a Bombardier advertising board at the SBB CFF Swiss railway train station in Bern, Switzerland, October 24, 2019. REUTERS/Denis Balibouse BRUSSELS (Reuters) – EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed......
Reuters - Business

Nestle explores sale of Pure Life as part of water business review

Reuters
FILE PHOTO: A prototype of a water bottle made out of recycled plastic is pictured during a media visit for the inauguration of the Nestle Institute of Packaging Sciences in Lausanne, Switzerland, September 12, 2019. REUTERS/Denis Balibouse ZURICH (Reuters) – Food giant Nestle (NESN.S) said it is exploring a potential......
Reuters - Business

Just Eat Takeaway’s Grubhub grab tests expansion appetite

Reuters
AMSTERDAM/LONDON (Reuters) – Just Eat Takeaway’s proposed $6 billion takeover of Grubhub to create a trans-Atlantic giant that could thwart Uber’s food delivery ambitions has raised concerns among some analysts about the pace of the European company’s expansion. FILE PHOTO: Signage for Just Eat is seen on the window of......
Reuters - Business

Europe’s Just Eat Takeaway to buy Grubhub for $7.3 billion

Reuters
AMSTERDAM/NEW YORK (Reuters) – European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China. FILE PHOTO: Signage for Just Eat is seen on the......
Reuters - Business

Factbox: Why Tiffany’s debt obligations matter for its sale to LVMH

Reuters
(Reuters) – U.S. jewelry chain Tiffany & Co (TIF.N) said on Tuesday that it amended some of the terms of its debt to give it financial breathing space, as it seeks to ensure that its $16.2 billion sale to French luxury goods giant LVMH is completed. FILE PHOTO: A Tiffany......
Reuters - Business

Gilead shares rise 5% on report of AstraZeneca’s interest in megamerger

Reuters
(Reuters) – Shares of U.S. drugmaker Gilead Sciences Inc (GILD.O) rose over 5% in premarket trading on Monday after a report it had been approached by Britain’s AstraZeneca (AZN.L) for a possible merger to form one of the world’s largest drug companies. AstraZeneca’s shares fell 2.4% on the FTSE 100......
Reuters - Business

AstraZeneca shares down 2% after report it approached Gilead over tie-up

Reuters
(Reuters) – Shares in Britain’s AstraZeneca (AZN.L) fell 2.1% in early trades on Monday after a report it had approached U.S. rival Gilead Sciences (GILD.O) about a possible merger to form one the world’s largest drug companies. If combined, the two companies would have a market capitalisation of about $232......
Reuters - Business

AstraZeneca contacted Gilead over potential megamerger: Bloomberg News

Reuters
LONDON (Reuters) – Britain’s AstraZeneca (AZN.L) has approached U.S. rival Gilead Sciences (GILD.O) about a possible merger to form one the world’s largest drug companies, Bloomberg News reported on Sunday, citing people familiar with the matter. FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen after they announced a Phase......
Reuters - Business

AstraZeneca approached Gilead about potential merger – Bloomberg News

Reuters
FILE PHOTO: Gilead Sciences Inc pharmaceutical company is seen after they announced a Phase 3 Trial of the investigational antiviral drug Remdesivir in patients with severe coronavirus disease (COVID-19), during the outbreak of the coronavirus disease (COVID-19), in Oceanside, California, U.S., April 29, 2020. REUTERS/Mike Blake/File Photo (Reuters) – AstraZeneca......
Reuters - Business

KKR, Ampersand Capital in joint bid for Oxford Immunotec: sources

Reuters
(Reuters) – A consortium of private equity firms KKR & Co Inc (KKR.N) and Ampersand Capital Partners has approached Oxford Immunotec Global Plc (OXFD.O), a medical diagnostics company that develops tests to identify tuberculosis, with a $400 million acquisition offer, people familiar with the matter said on Thursday. FILE PHOTO:......
Reuters - Business

LVMH’s Arnault mulls ways to renegotiate deal with Tiffany: sources

Reuters
(Reuters) – LVMH (LVMH.PA) CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant’s $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co (TIF.N), as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said on......
Reuters - Business

Boeing takes Embraer to arbitration over failed aviation deal

Reuters
FILE PHOTO: A Boeing logo is seen at the company’s facility in Everett, Washington, U.S. January 21, 2020. REUTERS/Lindsey Wasson/File Photo SAO PAULO (Reuters) – Boeing Co (BA.N) has taken former partner Embraer SA (EMBR3.SA) to arbitration over a failed $4.2 billion deal, the Brazilian planemaker said in a securities......
Reuters - Business

Exclusive: Brazil’s Embraer draws foreign interest after Boeing rift – sources

Reuters
SAO PAULO/NEW DELHI/PARIS (Reuters) – Aircraft makers are circling Brazil’s Embraer (EMBR3.SA) weeks after Boeing (BA.N) ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos,......
Reuters - Business

Volkswagen pumps 2 billion euros into China electric vehicle bet

Reuters
BEIJING/HONG KONG (Reuters) – Volkswagen AG (VOWG_p.DE) plans to boost its electric push in China, the world’s biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players. FILE PHOTO: A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg, Germany September......
Reuters - Business

Volkswagen pumps 2 billion euros into China electric vehicle bet, buys stakes in two firms

Reuters
BEIJING/HONG KONG (Reuters) – Volkswagen AG (VW) (VOWG_p.DE) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world’s biggest auto market as international rivals seek to muscle in. FILE PHOTO: A new logo of......

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