FRANKFURT Buyout firm Advent International raised the stakes in the three-way bidding tussle for German drug company Stada Arzneimittel on Thursday with a 3.6 billion euro ($3.8 billion) takeover offer, giving management until Monday to respond.
Bonduelle on Thursday said it struck a deal to buy Ready Pac Foods, a privately held California producer of fresh, prepared salads and other produce, in a move expected to significantly expand the French company's U.S. presence.
LONDON/MADRID Chinese investment firm Legend Holdings and three groups of private equity funds are putting the finishing touches to rival bids for Allfunds Bank, a deal worth close to 2 billion euros ($2.11 billion), sources close to the matter told Reuters.
PARIS France's Safran has rejected criticism by a UK hedge fund over the strategy, structure and financial terms of a proposed $9 billion friendly bid for Zodiac Aerospace and says it stands by its plans to acquire the seats manufacturer.
PARIS PSA Group's proposed acquisition of Opel would swiftly create savings and value from the General Motors European division's turnaround and complementary brands, the French carmaker's Chief Executive Carlos Tavares said on Thursday.
VILLAVERDE, Spain As the only European country where carmaker PSA's production overlaps with that of Opel, Spain could deliver the quick cost savings sought by PSA boss Carlos Tavares to convince investors to back his planned acquisition of the rival brand.
PARIS French carmaker PSA Group is planning an engineering blitz to redevelop Opel's core models with its own technology if it succeeds in buying General Motors' European arm, company sources and advisers told Reuters.
DUBLIN Packaging conglomerate Ardagh Group [ARDGR.UL] is well advanced with plans to launch an initial public offering (IPO) and intends to float on the New York Stock Exchange later this quarter, chairman Paul Coulson said on Thursday.
BRUSSELS/FRANKFURT German engineering group Siemens is set to gain unconditional EU antitrust approval for its $4.5 billion bid for U.S. software company Mentor Graphics, its biggest deal in this area in a decade, two people familiar with the matter said on Thursday.
LONDON Forecast-beating 2016 results show British insurer RSA can thrive on its own, two years after rival Zurich Insurance walked away from a bid, it said on Thursday.
WASHINGTON President Donald Trump said on Thursday he wants to ensure the U.S. nuclear arsenal is at the "top of the pack," saying the United States has fallen behind in its atomic weapons capacity. | Video