corporate-strategy
BusinessSoftwareOne to Buy Norway’s Crayon in $1.4 Billion Microsoft-Focused Takeover
TechnologySoftwareOne to Buy Norway’s Crayon in $1.4 Billion Microsoft-Focused Takeover
InvestingCovestro Shareholders Accept ADNOC’s Xrg Takeover Offer
BusinessDealmakers Eye $4 Trillion-Plus M&A Haul in 2025
Covestro Shareholders Accept ADNOC’s Xrg Takeover Offer
Date: December 19, 2024
(Refiles to correct timing of Egypt JV in paragraph 10) By Yousef Saba DUBAI (Reuters) – XRG, the international investments arm of Abu Dhabi National Oil Company (ADNOC), said on Thursday it will become the new majority shareholder in Covestro after the German chemicals maker’s shareholders approved a takeover offer. Shares tendered and bought by...
Dealmakers Eye $4 Trillion-Plus M&A Haul in 2025
Date: December 19, 2024
By Anirban Sen, Anousha Sakoui and Kane Wu LONDON/NEW YORK/HONG KONG (Reuters) – Top dealmakers expect global mergers and acquisitions (M&A)volumes to surpass $4 trillion next year, the highest in four years, buoyed by U.S. President-elect Donald Trump’s promise of less regulation, lower corporate taxes and a broadly pro-business stance. Following are comments from investment...
Volkswagen, Unions Continue Talks Over Plant Closures and Pay Cuts, Sources Say
Date: December 19, 2024
By Christina Amann HANOVER, Germany (Reuters) -Talks between Volkswagen and labour unions over plant closures and pay cuts are expected to last well into Thursday as both sides have still not reached a deal, according to two people familiar with the matter. Talks have been ongoing since Monday in hopes of reaching an agreement before...
Marathon Vw Talks to Resume in Search for pre-Christmas Deal With Unions
Date: December 18, 2024
By Victoria Waldersee HANOVER, Germany (Reuters) – Crunch talks between Volkswagen and unions over cuts to the automaker’s German operations will resume on Wednesday after a brief break, reflecting intense efforts to strike a deal before Christmas and avert major strikes in 2025. The pause follows 36 hours of negotiations, which began on Monday, as...
Home Improvement Retailer Kingfisher Sells Romania Business
Date: December 18, 2024
LONDON (Reuters) -European home improvement retailer Kingfisher will exit the Romanian market after agreeing the sale of its loss-making Brico Depot Romania business to Altex Romania for an enterprise value of 70 million euros ($74 million). It said the sale, including a network of 31 stores in 24 cities, distribution operations, and head office in...
Vw, Unions in Marathon Talks to Try to Reach Cost-Cut Deal by Christmas
Date: December 17, 2024
By Victoria Waldersee BERLIN (Reuters) – Talks between Volkswagen managers and labour leaders are expected to stretch into the night for a second day, a source close to the matter said on Tuesday, in a sign the two sides are still far apart in a battle over German cost cuts. A 13-hour negotiation round on...