FRANKFURT - Zalando , Europe's biggest online fashion retailer, priced its initial public offering on Wednesday in a range of 18.00 to 22.50 euros per share, which could value the company at up to 5.6 billion euros ($7.20 billion).
PARIS - Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere, a source close to the deal told Reuters.
ZURICH - Swiss pump maker Sulzer said on Wednesday it is in talks on a potential combination with U.S. compressor and turbine maker Dresser-Rand , a deal that would create a machinery company with a combined market valuation exceeding $10 billion.
FRANKFURT - The management of pay-TV provider Sky Deutschland has advised minority investors not to accept an offer from BSkyB, a token gesture given that BSkyB's terms are little more than a formality required after its purchase of a controlling stake in the broadcaster.
MUNICH - Shares in sportswear maker Adidas jumped on Wednesday on a report that a group of hedge funds is seeking to buy a stake to pressure management to make sweeping changes, although one of the funds dismissed this.
FRANKFURT - German insurer Allianz will overhaul and may sell parts of its U.S. property and casualty business Fireman's Fund after struggling for years to bring underwriting losses under control, the company said on Wednesday.
COPENHAGEN - U.S. regulatory approval of a proposed shipping alliance involving AP Moeller Maersk should be a formality, the Danish company's chief executive said on Wednesday.
FRANKFURT - Germany's Lufthansa said on Wednesday it had agreed to order 25 new Airbus planes worth 2.5 billion euros ($3.24 billion) at list prices to replace older aircraft and cut fuel costs at two subsidiary airlines.
PARIS - French payments company Ingenico has signed a deal with LVMH-owned Spanish luxury retailer Loewe to provide iPhone-based payment services for its network of 160 stores around the world, Ingenico said on Wednesday.
Tue, Sep 16 2014
- Specialty healthcare company Endo International Plc offered to buy Auxilium Pharmaceuticals Inc for about $2.2 billion in cash and stock to expand its men's healthcare products business.
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.