Fri, Apr 18 2014
PARIS - A takeover saga shaking up France's IT services sector took a new turn on Friday when Atos said its bid for rival Steria , made before the latter agreed to an all-share offer from Sopra , was in cash - and was still on the table.
FRANKFURT - German liquid crystal maker Merck KGaA extended the offer period for its planned takeover of AZ Electronic Materials for a sixth time on Friday as it continues to seek Chinese antitrust approval.
MILAN - Fashion house Giorgio Armani paid 270 million euros ($374 million) to Italian tax authorities last week to settle a dispute over payments from the group's subsidiaries abroad, Italian newspaper Il Sole 24 Ore reported on Friday.
Thu, Apr 17 2014
MILAN - Banco Popolare said on Thursday it had successfully closed its capital increase for 1.5 billion euros ($2.1 billion), the first Italian lender to tap the market for funds ahead of Europe-wide health check of the sector.
ROME - Etihad Airways has toughened its stance on conditions for investing in Italy's struggling Alitalia in continuing negotiations between the airlines, sources close to the matter said on Thursday.
LONDON - Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters.
MILAN - Italian lender Monte dei Paschi di Siena looks likely to increase a planned share sale to 5 billion euros ($6.9 billion), two billion euros more than first planned, to help it pass a Europe-wide bank health check and repay state aid.
- Cereal maker Post Holdings Inc said it will buy egg and dairy producer and distributor Michael Foods Inc for $2.45 billion in its largest-ever deal.
- Bain Capital LLC has raised $7.3 billion from investors and its dealmakers for its next flagship fund, people familiar with the matter said on Thursday, underscoring the favorable fundraising environment for established private equity firms.
Wed, Apr 16 2014
ATHENS - National Bank of Greece (NBG) was set to be the fourth Greek lender to tap international markets through a share offering on Wednesday after plans were approved for it to raise up to 2.5 billion euros ($3.5 billion) to boost its core capital.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.