Clariant hires Goldman to fend off activist opposed to Huntsman merger
FRANKFURT/ZURICH (Reuters) – Specialty chemicals group Clariant has hired Goldman Sachs as an additional adviser to help stave off an activist investor’s campaign to derail its planned merger with U.S. peer Huntsman .
Activist investor threatens proxy war at Hudson’s Bay
(Reuters) – Activist shareholder Land and Buildings threatened a proxy war against Canadian retailer Hudson’s Bay Co unless the company took drastic steps to better monetize its assets, including a potential sale of its Saks Fifth Avenue brand.
Snap ends down slightly in brisk trade on lockup expiry
NEW YORK (Reuters) – Shares of Snap Inc , owner of the Snapchat messaging app, had their busiest trading day in two and a half months in a volatile session on Monday, as early investors could sell their shares for the first time since its March market …
Charter surges as Japan’s SoftBank considers bid
(Reuters) – Charter Communications Inc’s shares surged to a record high on Monday after a source said Japan’s SoftBank Group Corp was considering an acquisition offer, even as Charter shot down the possibility of it being the acquirer in any merger wit…
Discovery aims for content clout with Scripps Network bid
NEW YORK (Reuters) – Discovery Communications Inc is acquiring Scripps Networks Interactive Inc for $11.9 billion in a deal expected to boost the company’s negotiating leverage as it seeks new audiences.
Ford CEO Hackett reviewing future products, plants, countries: sources
(Reuters) – Ford Motor Co Chief Executive Jim Hackett is reviewing the automaker’s operations in India and other markets, as well as Ford’s future product programs including plans to build a self-driving commercial vehicle in 2021, according to company…
Shell plans 400 job cuts at Dutch projects and technology department
LONDON (Reuters) – Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an inte…
Boeing expects India to order up to 2,100 aircraft over 20 years
NEW DELHI (Reuters) – Boeing Co said on Monday it expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia’s third-largest economy.
Hot and cold: Euro zone grows but inflation slows
BRUSSELS (Reuters) – Data in the coming week should confirm the euro zone economy is running hot, after the IMF upgraded growth forecasts and Greece returned to the debt market, although inflation figures could throw cold water on ECB plans to start ti…
Buyback and profit rise show progress as HSBC looks east
HONG KONG/LONDON (Reuters) – A third share buyback in a year by HSBC underlined progress in the turnaround plan for Europe’s biggest bank, with profit also growing by 5 percent in the first half of 2017.
