Hints and tips:
...Renesas, a key supplier of chips to the automotive industry, has been on a deal spree as it looks to diversify, which included adding the Apple supplier Dialog to its stable....
...Elliott won an international arbitration ruling this year that ordered South Korea to pay the hedge fund $108mn for damages as a result of the merger and the previous government’s intervention in the deal...
...Job moves PwC has picked the head of its international advisory business, Mohamed Kande, as its next chair....
...“But that was a good thing, because it gave him a healthy disrespect for the financial industry and the audacity to eventually start what became PayPal.”...
...‘business as usual’ as it confirms possible US bankruptcy filing (FT) Bulb bailout cost set to top £4bn by spring (FT) Thoma Bravo agrees $730mn takeover of Australia mapping company (FT) Vodafone to...
...The company was brought low by the financial crisis, and one of Mr Weill’s successors, Vikram Pandit, had only begun to sift through the wreckage when Mr Corbat took charge in 2012....
...Intel Capital’s head of VCl and M&A Wendell Brooks has resigned. M&A and international investing lead Anthony Lin will steer the organisation until a permanent successor is found....
...And his role as chair was curtailed by the watchdog’s structure, which prevents top-down tinkering in high-level merger investigations....
...Buyout giants Blackstone and The Carlyle Group have teamed up to bid, and are battling a rival group led by Advent and Cinven, with Thyssenkrupp expected to make a decision as soon as Thursday evening....
...It may come as a surprise but the personnel change was actually a move by Altria to rescue an attempted $200bn reunion with Philip Morris International....
...The rejection of the deal, and the decision by the retailers to abandon the transaction as a result, leaves both companies with fresh questions to answer about their futures....
...Analysts have speculated that the break-up could lead to further merger and acquisition activity....
...Seen by some in the industry as a possible successor to Mr Duperreault....
...The person added that Emerson would be open to renaming the merged company as Emerson Rockwell, as part of an effort to preserve its rival’s identity and brand....
...The deal, after years of rebuffs to activists, came when Mr Vernon’s successor, John Cahill, welcomed an approach by 3G, the Brazilian investment group that has reshaped the food industry....
...As an executive accustomed to the fast pace of the automotive industry — where timetables are set in days, rather than the weeks or months in aerospace — Mr Delabrière is markedly more bullish about the...
...In an open letter to the insurer demanding a break-up, Mr Paulson said: “By separating into three independent companies, reducing unnecessary corporate overhead, operating at average industry returns, and...
...Yet, the market has gone into reverse in recent weeks as soaring supplies from the resurgent US shale industry undermine efforts led by Opec producer nations to reduce global inventories....
...“This development heralds even further consolidation in global tobacco and I expect it to be followed in the coming years by the reunification of Philip Morris International and Altria …to create two huge...
...“I’m also excited about Roger coming back to Asda, as we view him as a top talent and a future CEO.”...
...“AI is expected to penetrate various industries and Mr Son wants to create an underlying platform to support those industries.”...
...It is important for governments, individually and collaboratively, to continue to pursue their own space exploration programmes even in times of tight public finances....
...As Barclays joins its international peers in scaling back global ambitions, specialist businesses like Atlas Mara are growing....
...If you happen to be one of its exclusive members then in a spare moment you might surf for deals on your smartphone while applying filters such as location, deal size and industry....
...The group plans to decide in the first quarter of next year whether to part company with TaylorMade as well, which, like other golf brands, has been hit by a decline in the popularity of the sport....
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