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


TOKYO Japan's Takata Corp , 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.

Ten Network gains Australian tycoons' support, expressions of interest 4:35am EDT

SYDNEY Three Australian business magnates plan to financially support Ten Network Holdings until it finds a buyer, the TV broadcaster's administrator said, adding that there had been "quite a number" of expressions of interest from potential acquirers.

Fridman's L1 Retail to buy Holland & Barrett for $2.3 billion 3:39am EDT

LONDON Russian billionaire Mikhail Fridman's L1 Retail has agreed to buy health food and supplements chain Holland & Barrett for 1.77 billion pounds ($2.26 billion) from The Nature's Bounty Co. and The Carlyle Group , the companies said in a statement.

Britain's Co-op Bank says nears rescue deal with investor group 4:33am EDT

LONDON Britain's Co-operative Bank said on Monday it was close to agreeing a financial rescue package with leading investors that would shore up its capital base and end months of uncertainty about its future.

Loeb's Third Point targets 'staid' Nestle for change 4:29am EDT

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

Allianz expects loss of around $224 million from sale of OLB Jun 25 2017

FRANKFURT German insurer Allianz expects to book a loss of around 200 million euros ($224 million) from the sale of private bank Oldenburgische Landesbank to U.S. private equity firm Apollo , it said on Sunday.

Fridman's L1 Retail to buy Holland & Barrett for 1.8 billion pounds: source Jun 25 2017

Russian billionaire Mikhail Fridman's fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds ($2.3 billion), according to a source familiar with the matter.

Vapiano shares to be issued at 23 euros in IPO: sources 2:44am EDT

FRANKFURT Shares in German-owned restaurant chain Vapiano are to be offered at 23 euros per share in its initial public offering (IPO), two people familiar with the placement said on Monday.

German truck parts maker Jost plans Frankfurt listing in second half 3:06am EDT

FRANKFURT German truck and trailer parts maker Jost plans to list on the Frankfurt stock exchange in the second half of 2017, the group said on Monday.

Sky and Vodafone New Zealand walk away from sales deal, drop court appeal Jun 25 2017

WELLINGTON New Zealand pay television provider Sky Network TV on Monday said it was terminating a sales agreement to buy Vodafone's local unit, a deal the country's competition regulator had ruled against.

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