Wall Street Week Ahead: Conditions may be set for Santa Claus rally
(This November 22 story has been refiled to add dropped word in paragraph 12.)
HP reiterates its rejection of Xerox’s offer to buy the company
HP Inc reiterated on Sunday its rejection of Xerox Corp’s $33.5 billion cash-and-stock offer for the company, adding that the proposal “significantly undervalues HP.”
SoftBank to go ahead with WeWork stock tender offer this week
SoftBank Group Corp will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company’s cofounder Adam Neumann, two people familiar with the matter said….
Novartis to buy U.S. biotech The Medicines Co. for $9.7 billion
Novartis AG is buying U.S. biotechnology company The Medicines Co for about $9.7 billion, the Swiss drugmaker said on Sunday, as it seeks to expand its portfolio of medicines against cardiovascular disease.
France’s 5G spectrum to be sold at floor price of 2.17 billion euros: minister
Frances’s 5G spectrum will be sold at a floor price of 2.17 billion euros ($2.4 billion), a minister said on Sunday, significantly more than the amount previously recommended by the country’s telecoms regulator Arcep.
Finnair cancels 276 flights as unions join solidarity strike
Finland’s national airline Finnair said on Sunday it was forced to cancel 276 flights scheduled for Sunday and Monday after attempts to settle a labor dispute at the Finnish postal service failed, leading several Finnish labor unions to join a solidar…
France’s LVMH close to buying Tiffany after sweetening offer: sources
LVMH is close to buying U.S. jewelry chain Tiffany & Co for about $16.3 billion after sweetening its offer, sources said on Sunday, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury jewelry market.
France’s LVMH nears deal to buy U.S. jewelry chain Tiffany for about $16.3 billion: sources
French luxury group LVMH is nearing a deal to buy U.S. jewelry chain Tiffany & Co for about $16.3 billion, sources familiar with the matter told Reuters on Sunday.
Amazon to open store on China’s Pinduoduo marketplace on November 25: source
Amazon.com Inc will open a store on Chinese e-commerce platform Pinduoduo on Monday, a source familiar with the matter said, in a sign of how the U.S. firm’s China strategy is evolving after it shut its own online store in the country.
Japanese hotel group Unizo gets six new buyout offers
Japanese hotel operator Unizo Holdings said on Sunday it had received six more buyout offers at a price competitive with an existing $1.6 billion bid proposed by Blackstone Group .
