Deals

Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

Published 26/06/2017

Takata Corp. Chairman and CEO Shigehisa Takada bows as he attends a news conference after its decision to file for bankruptcy protection in Tokyo, Japan, June 26, 2017. REUTERS/Toru Hanai

Japan's Takata Corp (7312.T), the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems.

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Loeb`s Third Point targets `staid` Nestle for change

Loeb`s Third Point targets `staid` Nestle for change

Published 26/06/2017

A Kitkat chocolate bar is pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 16, 2017. REUTERS/Pierre Albouy

Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA (NESN.S) and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses.

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Japan`s trade minister: Takata bankruptcy filing was unavoidable

Japan`s trade minister: Takata bankruptcy filing was unavoidable

Published 26/06/2017

Japan's Trade Minister Hiroshige Seko attends the 3rd Inter-sessional Regional Comprehensive Economic Partnership (RCEP) Ministerial Meeting in Hanoi, Vietnam May 22, 2017. REUTERS/Kham

Japanese Trade Minister Hiroshige Seko said on Monday that Takata Corp's (7312.T) filing for bankruptcy was unavoidable given the severity of its product recalls.

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Shares in Canada`s Home Capital surge as Buffett rides to rescue

Shares in Canada`s Home Capital surge as Buffett rides to rescue

Published 23/06/2017

FILE PHOTO - The entry to the Home Capital Group's headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada on May 1, 2017. Picture taken using a wide angle lens. REUTERS/Chris Helgren/File Photo

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is providing a C$2 billion loan to Home Capital Group Inc (HCG.TO) and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada's housing market has turned riskier.

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`Bailout` Buffett burnishes `lender of last resort` image

`Bailout` Buffett burnishes `lender of last resort` image

Published 23/06/2017

FILE PHOTO - Investor Warren Buffet arrives for the premiere of the film ''Wall Street: Money Never Sleeps'' in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo

It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C$360 million (US$272 million) paper profit by propping up a major Canadian lender on life support.

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Cenovus to replace CEO, plans asset sales after unpopular deal

Cenovus to replace CEO, plans asset sales after unpopular deal

Published 21/06/2017

FILE PHOTO: President and CEO Brian Ferguson of Cenovus Energy addresses shareholders during the company's annual general meeting in Calgary, Alberta, April 29, 2015. REUTERS/Todd Korol

Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets, and its shares tumbled nearly 9 percent.

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EU`s Dijsselbloem praises `successful` Banco Popular rescue

EU`s Dijsselbloem praises `successful` Banco Popular rescue

Published 15/06/2017

Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem rings the bell as he chairs a eurozone finance ministers meeting in Brussels, Belgium May 22, 2017. REUTERS/Francois Lenoir

The sale of Banco Popular to Santander (SAN.MC) was a success, the head of euro zone finance ministers said on Thursday, dismissing criticism of a rescue that wiped out shareholders and junior bondholders of what was Spain's sixth biggest bank.

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Israel`s Netafim draws interest from private equity, Chinese bidders

Israel`s Netafim draws interest from private equity, Chinese bidders

Published 26/05/2017

International buyout groups and Chinese investment funds are expected to submit bids for Israeli irrigation firm Netafim, which could fetch around $1.5 billion, within the next few weeks, two banking sources said on Friday.

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TPG boosts offer for Australia`s Fairfax Media, shares leap to six-year high

TPG boosts offer for Australia`s Fairfax Media, shares leap to six-year high

Published 15/05/2017

Mastheads of The Age, The Sydney Morning Herald and the Australian Financial Review, all Fairfax Media publications, are pictured in this photo-illustration in Sydney June 18, 2012. REUTERS/Daniel Munoz

U.S. buyout firm TPG Capital Management on Monday raised its cash bid for Fairfax Media Ltd (FXJ.AX), offering A$2.76 billion ($2.04 billion) for the struggling Australian publisher and sending its shares to a six-year high.

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Snoopy moves in with the Teletubbies at DHX Media

Snoopy moves in with the Teletubbies at DHX Media

Published 10/05/2017

DHX Media Ltd is buying the entertainment unit of Iconix Brand Group Inc for $345 million, adding the Peanuts comic strip and cartoon character Strawberry Shortcake to its roster of brands that includes "Bob the Builder" and "Teletubbies".

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