Category: bid
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Seven & i shares give up some gains after Couche-Tard bid By Reuters
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TOKYO (Reuters) – Shares of Japan’s Seven & I Holdings Inc fell about 6 percent in morning trade on Tuesday, giving up some of their gains the previous day when they were boosted by news of a takeover bid from Canada’s Alimentation Couture. Although the value of the offer was…
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Nairobi Hospital owners’ bid to eject board halted
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The management of Nairobi Hospital has obtained an injunction restraining the owners of the health facility from distributing a notice demanding their removal from office. The order by the Milimani Commercial Magistrate’s Court provides relief to the board, which has come under heavy criticism from a section of the Kenya…
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Couche-Tard makes preliminary takeover bid for Japan’s Seven & i By Investing.com
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Investing.com – Canadian Retail Giant Alimentation Coach Tard Company The Toronto Stock Exchange (TSX:) said it has made an initial offer to buy Japan’s Seven & i Holdings (TYO:), owner of the 7-Eleven chain, on Monday. Seven & I Holdings said in a statement that the company received a confidential,…
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Intel to cut 15,000 jobs in bid to catch up in AI chip race
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Intel, the US semiconductor giant, is set to cut 15,000 jobs as part of an aggressive effort to revitalize lagging manufacturing operations and keep up with the competitive artificial intelligence chip market. Shares of the California-based company fell 20% in after-hours trading in New York to $29.05 after announcing a…
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Exclusive-Blackstone in bid to acquire shopping center owner Retail Opportunity, sources say By Reuters
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By Anirban Sen (Reuters) – Private equity firm Blackstone is in early talks to acquire Retail Opportunity Investments Corp, a U.S. shopping mall owner with a market value of about $2 billion, people familiar with the matter said. Blackstone’s interest comes after ROIC shares have lost more than 10% of…
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Jacob Juma widow loses bid to stop eviction from Loresho land
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The widow of late businessman Jacob Juma has failed to persuade an appeals court to block her eviction from a controversial property in Nairobi’s Loresho area. A three-judge panel of the Court of Appeal dismissed Ms Miriam Juma’s application, saying they were not satisfied that her appeal would be in…
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Dollar eases as Biden ends re-election bid, drops vs yen By Reuters
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By Kevin Buckland and Stefano Ribaudo (Reuters) – The dollar was slightly lower against a basket of currencies on Monday while falling sharply against the yen as investors focused on U.S. President Joe Biden’s decision to end his re-election campaign and the next moves from the Federal Reserve and the…
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Asia FX weak, dollar edges lower after Biden drops presidential bid By Investing.com
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Investing.com – Most Asian currencies were steady on Monday after an unexpected interest rate cut in China provided some cheer, while the dollar fell after President Joe Biden said he would not seek re-election. Biden has endorsed Vice President Kamala Harris, who is now likely to face Republican front-runner Donald…
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Dollar edges higher on safety bid; sterling drops after weak retail sales By Investing.com
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Investing.com – The U.S. dollar edged higher on Friday, heading for a positive week, while the British pound fell after weak retail sales data. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 104.065, recovering from…
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European Commission President Ursula von der Leyen faces vote on her bid for second 5-year term
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Mike Corder and Jean-Francois Badia Published on July 18, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content STRASBOURG, France (AFP) – Ursula…
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Tesla CEO Elon Musk donates to Trump’s reelection bid
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Billionaire Elon Musk has donated to a giant political action committee working to elect Donald Trump to the White House, a major move by the world’s richest person to make his mark on the American political landscape. Musk has contributed to a low-profile group called America PAC, according to people…
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Australia auto parts retailer Bapcor rejects Bain Capital’s $1.2 billion bid By Reuters
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By Scott Murdock and Rajasik Mukherjee SYDNEY (Reuters) – Australian auto parts retailer Babcor on Tuesday rejected a A$1.83 billion ($1.23 billion) takeover bid from private equity firm Bain Capital, saying it did not fully reflect the company’s value. The company’s shares fell about 4.3% in early trading Tuesday. Australia’s…
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Paramount’s board approves bid by David Ellison’s Skydance Media in sweeping Hollywood deal
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Paramount Pictures is the oldest film studio in Hollywood. (Brian Van Der Brug / Los Angeles Times) Technology billionaire David Ellison’s months-long quest to win control of Paramount Global approached the finish line on Sunday, in a deal that marks a new chapter for the long-suffering media company that is…
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Cancer victims lose bid to block proposed J&J talc bankruptcy By Reuters
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Written by Brendan Pearson (Reuters) – A federal judge on Friday rejected a group of cancer victims’ bid to block Johnson & Johnson from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging that the company’s baby powder and other talc products contain cancer-causing asbestos. On June…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
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Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
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Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
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Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
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International Petroleum Corporation Announces Results of Normal Course Issuer Bid
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Jun 24, 2024 • Last updated…