equity
BusinessElf Beauty Stock Slides After Muddy Waters Says It Has Shorted Its Shares
BusinessCinven Secures Italian Nod to Sell Minority Stake in Synlab to Labcorp
BankingBanks, Construction Shares Lead Rebound in Europe’s Stoxx 600
TradingRevolut Gets UK Trading License, Set to Offer UK & EU Stock Trading
Brookfield Mulls $7.4 Billion Bid for Spain’s Grifols, El Confidencial Says
Date: November 18, 2024
(Reuters) – Canadian fund Brookfield plans to offer about 7 billion euros ($7.4 billion) for Spanish drugmaker Grifols after finishing due diligence, news website El Confidencial reported on Monday, citing sources close to the matter. Brookfield is evaluating offering 10.5 euros per share in a public tender offer, El Confidencial said, below Grifols’ closing market...
European Shares End Lower on US Rate, Trump Jitters
Date: November 16, 2024
By Shashwat Chauhan (Reuters) -Europen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump’s policies on global economies and businesses and a jump in Treasury yields. The pan-European STOXX 600 index dropped 0.8%, trading just above a three-month low hit earlier this week. U.S. stocks also...
Nordic Capital Closes in on Deal for Astorg’s Anaqua, Sources Say
Date: November 16, 2024
By Emma-Victoria Farr FRANKFURT (Reuters) –Private equity firm Astorg is nearing a sale of its U.S.-based intellectual property software firm Anaqua to Nordic Capital for around $2.5 billion, two people familiar with the matter told Reuters. The buyout firms are finalising a deal that could be announced in the coming days, provided there are no...
Commerzbank and UniCredit Hold Second Round of Investor Talks, Source Says
Date: November 16, 2024
BERLIN (Reuters) -Commerzbank and UniCredit held a round of investor talks this week, a person briefed on the matter said on Friday, the second such interaction since Italy’s No. 2 bank disclosed in September that it had snapped up a significant stake in the German lender. Commerzbank CEO Bettina Orlopp was on the call, but...
Italy’s Moltiply Sole Suitor for ProSieben’s E-Unit Verivox, Sources Say
Date: November 16, 2024
By Elvira Pollina and Amy-Jo Crowley MILAN (Reuters) – Italy’s Moltiply Group has emerged as the only bidder for German media group ProSiebenSat.1’s price comparison portal Verivox, two sources close to the matter said. Verivox’s sale process is being closely followed by the top two investors in ProSieben: MFE-MediaForEurope, the TV group controlled by Italy’s...
Samsung Electronics Plans $7.2 Billion Buyback After Share Price Plunges
Date: November 15, 2024
SEOUL (Reuters) –Samsung Electronics has decided to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, after shares plunged to more than four-year lows earlier in the week. It is the first time Samsung Electronics has decided to buy back shares since 2017. Of the total, three...