LONDON Kraft Heinz Co's rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach.
LONDON British Prime Minister Theresa May's office was not involved in Kraft Heinz's decision to withdraw its $143 billion bid for Unilever , her spokesman said on Monday.
LONDON Kraft Heinz's dropped bid to buy Unilever is the third-largest M&A deal to collapse, according to Thomson Reuters data, adding to a recent run of failures that highlights the appetite for the pursuit of audacious mega-mergers.
Lodging real estate investment trust Ashford Hospitality Trust Inc offered to buy FelCor Lodging Trust Inc in a deal valued at about $1.27 billion and launched a proxy battle for the control of the company's board.
DUBAI/RIYADH Saudi oil giant Aramco [IPO-ARMO.SE] has received proposals from at least six banks for an advisory role on the firm's planned initial public share offering, sources familiar with the process said on Tuesday.
TOKYO Japan's Toshiba Corp wants to raise at least 1 trillion yen ($8.8 billion) by selling most of its flash memory chip business, seeking to create a buffer for any fresh financial problems, a source with direct knowledge of the matter said.
TOKYO Toshiba Corp wants to pick the preferred bidder or bidders for a majority stake in its chip unit by the end of May and will hold the first round of bids next month, a source with knowledge of the plan said.
SAO PAULO/RIO DE JANEIRO Vale SA plans to become a company with no defined controlling shareholder as soon as possible, in a landmark step aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer.
JOHANNESBURG South Africa's Steinhoff and grocery retailer Shoprite called off a deal to create an African shopping giant on Monday, preventing leading investor Christo Wiese from bringing more of his retail assets under one roof.
TOKYO Sumitomo Mitsui Financial Group (SMFG) and Resona Holdings Inc are in talks to merge some of their units, sources said, in what would be the latest in a slow but steady wave of consolidation in Japan's regional banking industry.
BERLIN In the week before U.S. Vice President Mike Pence visited Brussels and pledged America's "steadfast and enduring" commitment to the European Union, White House chief strategist Steve Bannon met with a German diplomat and delivered a different message, according to people familiar with the talks.