SAN FRANCISCO - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Fondiaria to launch cap hike for Unipol merger on Monday
MILAN (Reuters) - Fondiaria-SAI (FOSA.MI) said on Thursday it planned to launch the rights issue that is part of plans to merge with rival Unipol (UNPI.MI) on Monday, subject to a series of conditions.
In a statement, the insurer said the 1.1 billion euro capital hike would be launched on July 9 and end July 27.
It said the offer was conditional on market regulator Consob waiving the need for Unipol to launch a mandatory bid on minority shareholders at Fondiaria, its parent Premafin (PRAI.MI) and its unit Milano Assicurazioni (ADMI.MI).
Other conditions included the banks belonging to the guarantee consortium for the rights issues signing the guarantee contract.
(Reporting by Valentina Za)
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