Just Eat takeover battle hots up with fresh $6.5 bln Prosus bid
Prosus raised its unsolicited cash offer for British food delivery service Just Eat to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway in their bitter takeover battle.
Non-Saudi buyers got 23% of Aramco IPO institutional tranche: Al Arabiya TV
Non-Saudi investors were allocated 23% of the institutional tranche of Saudi Aramco’s initial public offering (IPO), an executive at one of the lead banks on the deal told the Al Arabiya news channel on Monday.
Russian car maker Avtovaz buys out GM from joint venture
Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors from their joint venture producing vehicles in Russia under the Chevrolet brand.
Swedbank revamps management after money laundering probe
Swedbank said on Monday its chief risk officer was leaving as the Swedish bank’s new CEO revamps its structure to regain customer trust after a money laundering scandal sent its shares down 40% in the past year.
Trial begins in U.S. states’ effort to block T-Mobile/Sprint deal
Trial began Monday over an effort by U.S. state attorneys general, led by New York and California, to stop T-Mobile U.S. from buying Sprint Corp , in a case that highlights disagreements between federal antitrust enforcers, who are Republican, and Dem…
Swelling U.S. IPO backlog points to crowded 2020 field
More and more companies are putting plans for U.S. initial public offerings (IPO) on ice this year because of investor pushback against their valuations, creating a backlog that could make stock market debuts more challenging in 2020.
Swedbank cuts management team in revamp after laundering probe
Swedbank said on Monday its chief risk officer was leaving as the Swedish bank revamps its structure to regain customer trust after a money laundering scandal in its Baltic branches sent its shares down 40% in the past year.
Stocks stutter as attention turns to trade deadline, central bank meetings
European stocks fell on Monday as worries about a Chinese economic slowdown and the U.S.-China trade war outweighed Friday’s strong U.S. jobs data, in a quiet start to trading before several big events later in the week.
France’s Sanofi to buy biotech firm Synthorx for $2.5 billion
France’s Sanofi on Monday agreed to buy California-headquartered biotechnology firm Synthorx in a cash deal worth about $2.5 billion as it steps up a push in the lucrative field of cancer drugs under its new chief executive.
Oil prices slip as weak China exports highlight trade war impact
Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage being done to global demand by the trade war between Washington and Beijing.
