WARSAW - US helicopter producer Sikorsky Aircraft Corporation has decided to pull out of the bidding for a $3 billion contract to supply helicopters to the Polish military, the company said on Thursday in a statement.
DUBAI - Bahrain-based alternative investment fund Investcorp and sovereign fund Mumtalakat [BHMUT.UL] have acquired U.S. software and services firm PRO Unlimited for around $300 million.
BERLIN - Lufthansa said talks to make SunExpress, its joint venture with Turkish Airlines, a partner in its new low-cost long-haul Wings concept were progressing well.
COPENHAGEN - Denmark's Novo Nordisk said on Thursday that it would provide an update on whether or not to list its IT subsidiary NNIT on January 30, when it provides its next earnings report.
- Britain's Spirit Pub Company Plc said it had agreed to extend the deadline for a 109.5 pence-per-share takeover offer from brewer and pub owner Greene King Plc until Nov. 4.
Wed, Oct 29 2014
BRUSSELS - Etihad Airways and struggling Italian carrier Alitalia have offered concessions in a bid to win European Union antitrust approval for the Abu Dhabi airline's plan to acquire 49 percent of Alitalia.
LONDON/PARIS - French cable operator Numericable launched its promised 4.7 billion euro ($6 billion) rights issue on Wednesday to help finance the takeover of Vivendi's SFR mobile network division.
Tue, Oct 28 2014
- Shell Midstream Partners LP , a master limited partnership formed by Royal Dutch Shell Plc , priced its enlarged initial public offering of 40 million units at $23 per unit, above its expected price range of $19-$21 per unit.
MILAN - The recent management overhaul at Luxottica is testing one of the corporate world's textbook no-no's: dual CEOs.
HANOVER Germany/LONDON - Shareholders in both German travel and tourism group TUI AG and British travel group TUI Travel on Tuesday approved the pair's plans to merge.
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.