Mergers / Acquisitions / Takeovers

Toshiba stock listing status downgraded, deeper losses flagged

Toshiba stock listing status downgraded, deeper losses flagged

Published 23/06/2017

The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai

Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year and getting demoted to the second section of the Tokyo Stock Exchange.

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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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Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Published 23/06/2017

FILE PHOTO: Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. REUTERS/Steven Shi/File Photo

Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holdings (0700.HK) will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

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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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Israel`s Gamida Cell raises $40 million for bone marrow trial

Israel`s Gamida Cell raises $40 million for bone marrow trial

Published 19/06/2017

Israel's Gamida Cell, which is developing cellular therapies to treat cancer and rare genetic diseases, said on Monday it raised $40 million to finance the advanced trial of its product NiCord to facilitate bone marrow transplants.

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Hedge fund called `greedy bastards` by Whole Foods CEO would make $300 million on sale

Hedge fund called `greedy bastards` by Whole Foods CEO would make $300 million on sale

Published 16/06/2017

Barry Rosenstein, founder and managing Partner of JANA Partners LLC., speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid

Jana Partners, the hedge fund that Whole Foods Market Inc (WFM.O) Chief Executive John Mackey lambasted as "greedy bastards," stands to make roughly $300 million from the sale of the grocery chain to Amazon.com Inc (AMZN.O).

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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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Chairman Wu charts roller-coaster ride for Waldorf-owner Anbang

Chairman Wu charts roller-coaster ride for Waldorf-owner Anbang

Published 14/06/2017

FILE PHOTO: Chairman of Anbang Insurance Group Wu Xiaohui attends the China Development Forum in Beijing, China March 18, 2017. REUTERS/Thomas Peter/File Photo

Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York's Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new breed of Chinese dealmakers.

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Verizon closes Yahoo deal, Mayer steps down

Verizon closes Yahoo deal, Mayer steps down

Published 14/06/2017

Marissa Mayer, President and CEO of Yahoo, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, California, U.S. on November 3, 2015. REUTERS/Elijah Nouvelage

Verizon Communications Inc (VZ.N) said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's (YHOO.O) core business and that Marissa Mayer, chief executive of the internet company, had resigned.

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Japan govt-led bid for Toshiba chip unit to include SK Hynix: sources

Japan govt-led bid for Toshiba chip unit to include SK Hynix: sources

Published 14/06/2017

Employee walk past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji

A Japanese government-led consortium bidding for Toshiba Corp's chip business will include South Korean chipmaker SK Hynix Inc, sources familiar with the matter said – a move likely to add firepower to the group's bid in the hotly contested auction.

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