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February 22, 2020
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Reuters - Business

EBay in discussions with multiple parties for sale of classified business

Reuters
FILE PHOTO: The German headquarters of online marketplace eBay is pictured at Europarc Dreilinden business park south of Berlin in Kleinmachnow, Germany, August 6, 2019. REUTERS/Fabrizio Bensch (Reuters) – EBay Inc (EBAY.O) is in discussions with multiple candidates regarding a potential transaction for its classified-ads business, the company said on......
Reuters - Business

Thyssenkrupp nears full sale of elevator unit: sources

Reuters
Thyssenkrupp’s logo is seen outside the elevator test tower in Rottweil, Germany, January 21, 2020. REUTERS/Michaela Rehle FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp (TKAG.DE) is nearing a full sale of its elevator division, three people familiar with the matter said, adding this would result in maximum proceeds that are needed as net......
Reuters - Business

Thomson Reuters close to naming ex-Nielsen president Hasker as CEO: sources

Reuters
(Reuters) – Thomson Reuters Corp (TRI.TO) (TRI.N) is close to naming former Nielsen Holdings Plc (NLSN.N) president Steve Hasker as its next chief executive, succeeding Jim Smith, according to people familiar with the matter. FILE PHOTO: A Thomson Reuters logo is pictured on a building during the World Economic Forum......
Reuters - Business

Shares of HNA affiliates rally after report of China bailout plan

Reuters
BEIJING/SHANGHAI (Reuters) – Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations. FILE PHOTO: The HNA Group logo is seen on the gate of......
Reuters - Business

Consumer groups, unions oppose fix for planned merger of AbbVie and Allergan

Reuters
FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange July 18, 2014. REUTERS/Brendan McDermid WASHINGTON (Reuters) – A group of unions and consumer groups wrote to U.S. antitrust enforcers on Tuesday to oppose a proposed remedy that could......
Reuters - Business

Alstom, Bombardier shares fall after $6.7 billion rail deal

Reuters
PARIS/MONTREAL (Reuters) – Shares of Alstom SA (ALSO.PA) and Bombardier Inc (BBDb.TO) fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.......
Reuters - Business

Timeline: Bombardier’s journey from Ski-Doo maker to business jet maker

Reuters
(Reuters) – Alstom SA on Monday agreed to buy Bombardier Inc’s train business for up to 6.2 billion euros ($6.7 billion), days after Airbus SE agreed to buy out Bombardier’s remaining stake in the A220 passenger jet program, helping the company improve its financial position. FILE PHOTO: The 100th Bombardier......
Reuters - Business

Alstom to buy Bombardier rail unit for up to $6.7 billion

Reuters
PARIS/MONTREAL (Reuters) – France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), in the latest bid by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet......
Reuters - Business

Thyssenkrupp shortlists buyout firms for elevator unit, Kone out

Reuters
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion euro ($17 billion) elevator unit, dealing a blow to Finland’s Kone (KNEBV.HE), which withdrew from the closely watched deal. Logo is displayed in an elevator at the KONE Academy of......
Reuters - Business

Kone out as Thyssenkrupp shortlists private equity for elevator division

Reuters
FRANKFURT (Reuters) – German conglomerate Thyssenkrupp (TKAG.DE) said on Monday it has shortlisted two private equity consortia in the sale of its 16 billion euro ($17.3 billion) elevator division, dealing a blow to Finland’s Kone (KNEBV.HE), which withdrew from the closely watched deal. Logo is displayed in an elevator at......
Reuters - Business

Alstom in talks over $7 billion Bombardier rail deal

Reuters
PARIS (Reuters) – France’s Alstom (ALSO.PA) is in talks to buy the train business of Canada’s Bombardier (BBDb.TO) in a potential $7 billion deal that marks the latest attempt by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet trains that......
Reuters - Business

Alstom confirms talks on potential $7 billion Bombardier deal

Reuters
PARIS (Reuters) – French train maker Alstom (ALSO.PA) has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier (BBDb.TO), a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector. FILE PHOTO: Trains are seen at the......
Reuters - Business

Alstom nears deal to buy Bombardier’s train unit: source

Reuters
FILE PHOTO: A logo of Alstom is seen at the Alstom’s plant in Semeac near Tarbes, France, February 15, 2019. REUTERS/Regis Duvignau (Reuters) – France’s Alstom SA (ALSO.PA) is close to clinching a deal to buy Bombardier Inc’s (BBDb.TO) train business which will give the unit an enterprise value of......
Reuters - Business

Exclusive: Jet buyers back Boeing-Embraer deal as Airbus expands reach

Reuters
SINGAPORE (Reuters) – Some of the world’s biggest aircraft buyers are urging the European Union to clear Boeing’s tie-up with Embraer, fearing Embraer’s commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets. FILE PHOTO: An Embraer E-190 E2 aircraft featuring a......
Reuters - Business

SoftBank stock surges to seven-month high after judge OKs Sprint-T-Mobile merger

Reuters
TOKYO (Reuters) – SoftBank Group Corp (9984.T) stock surged to its highest price in over half a year in Tokyo on Wednesday, after a U.S. federal judge rejected an antitrust challenge to the proposed takeover of subsidiary Sprint Corp (S.N) by T-Mobile US Inc (TMUS.O). FILE PHOTO: People walk behind......
Reuters - Business

FTC demands data on small buys by Google, Amazon, Apple, Facebook, Microsoft

Reuters
WASHINGTON (Reuters) – The Federal Trade Commission has issued special orders to Alphabet Inc’s (GOOGL.O) Google unit, Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Facebook Inc (FB.O) and Microsoft Corp (MSFT.O) to provide information on mergers that were too small to report to antitrust regulators, the FTC said on Tuesday. FILE......
Reuters - Business

T-Mobile-Sprint merger wins approval from U.S. judge

Reuters
NEW YORK (Reuters) – T-Mobile US Inc’s edged closer to a takeover of Sprint Corp after a federal judge on Tuesday approved the deal, rejecting a claim by a group of states that said the deal would violate antitrust laws and raise prices. During a two-week trial in December, T-Mobile......
Reuters - Business

U.S. judge expected to rule in favor of Sprint, T-Mobile merger: sources

Reuters
(Reuters) – A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile US to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter. Shares of Sprint surged 69% in Monday’s after-hours trade and T-Mobile stock......
Reuters - Business

Austria’s AMS aims for domination agreement with Osram

Reuters
FILE PHOTO: The logo of German lighting manufacturer Osram is illuminated at the company’s headquarters in Munich, Germany, September 16, 2019. REUTERS/Andreas Gebert/File Photo VIENNA (Reuters) – Austrian sensor specialist AMS (AMS.S) (AMS.VI) made clear on Monday that it aims to secure a so-called domination agreement with Osram (OSRn.DE) to......
Reuters - Business

Airbus likely to acquire Bombardier’s remaining stake in A220 passenger jet: sources

Reuters
MONTREAL/PARIS (Reuters) – Europe’s Airbus SE (AIR.PA) is likely to acquire Canadian plane and train maker Bombardier Inc’s (BBDb.TO) remaining stake in the A220 passenger jet program, two industry sources said. FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis......

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