Hints and tips:
...It is also waging campaigns against Glencore, BP and Bayer. BlackRock’s market capitalisation is $118bn....
...China founder Neil Shen took Singapore residency (FT) Vodafone in talks to sell Italian business to Swisscom (FT) Uber’s Dara Khosrowshahi defends buyback policy (FT) Shein’s London IPO flirtation (FT) Bayer...
...Job moves Former Roche boss Bill Anderson will become the next chief executive of Bayer. His predecessor Werner Baumann has faced pressure from activist investors including Jeff Ubben....
...Legal claims in the US had wiped tens of billions of dollars from Bayer’s value in the run-up to the meeting. Additional reporting by Chris Flood...
...Neumann is expected to retain a majority of the voting rights in the company despite holding a minority economic interest....
...At one level, the argument is just a portfolio one: there are positives and negatives for holding each stock....
...The fee collected by Goldman is lower than the $120m brought in by Morgan Stanley for advising Monsanto in its $66bn sale to Germany’s Bayer, which was the highest advisory fee paid to an investment bank...
...One thing to start: Bayer beware! Forgive the pun but heed the warning....
...There are also signs that Japan Inc is finally becoming more serious about focusing on its core operations and letting go of less crucial business lines....
...Blackstone’s deal is relying on $14bn of leveraged loans and high-yield bonds, and came a day after Dr Pepper Snapple agreed to a $18.7bn takeover by JAB Holding, which will also turn to the bond and loan...
...“The most plausible explanation is a China Inc deal,” says a research note from Bernstein in Hong Kong, noting that a number of other Chinese companies have been stopped by Chinese regulators from going...
...Elsewhere, indebted groups are looking to reverse their private holdings into publicly traded ones....
...A month later, and just weeks after the UK voted to leave the EU, SoftBank agreed to take over British chip designer Arm Holdings for $32bn....
...Japan’s SoftBank agreed to buy UK chip-designer Arm Holdings for £24.3bn in a bet that it will become a leader in the “internet of things”....
...The materials sector stole the spotlight on the benchmark S&P 500, rallying 1.2 per cent, as Monsanto got a bid after Germany’s Bayer offered to buy the US agribusiness group for $62bn and CF Industries...
...The pharma takeover waltz has whirled on overnight with Monsanto of the US announcing it has received an unsolicited bid approach from Bayer of Germany....
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...Novartis (animal health and vaccines), Bayer (plastics), Sanofi (animal health) and Pfizer (animal health) have relinquished unwanted businesses or are in the process of doing so....
...The outward embrace of China Inc raises a series of challenges for target companies and countries, he adds....
...That was the last large deal done by the French company and Mr Brandicourt, who has been involved in big acquisitions in previous roles at Bayer and Pfizer, said he was open to more....
...Jeffrey Holford, analyst at Jefferies, has touted Bayer as another “logical and motivated” potential acquirer....
Record level of M&A activity is being driven by cheap capital and a race to develop new treatments
...have overturned or rejected patents on costly cancer drugs produced by Novartis, Roche and Pfizer, while New Delhi issued a compulsory licence, allowing generic companies to produce lower-cost versions of Bayer...
...François-Xavier Roger, the company’s new French chief financial officer, has been in Europe courting investors in an attempt to raise awareness of a company whose drug revenues rival those of Bayer of Germany...
...have really come a long way if even Bayer is potentially in the crosshairs.”...
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