Deals coverage from Reuters.
Dropbox Inc's shares closed at $28.42, up more than 35 percent in their first day of trading on Friday, as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider sector languished.
GlaxoSmithKline <GSK.L> has quit the race to buy Pfizer's <PFE.N> consumer healthcare business, endangering an auction the U.S. drugmaker hoped would bring in as much as $20 billion.
Qualcomm Inc <QCOM.O> re-elected its board of directors on Friday with weak support from shareholders, who grilled the U.S. chipmaker over its strategy following its successful defense against a $117-billion hostile bid from Broadcom Ltd <AVGO.O>.
Siemens <SIEGn.DE> said board member Roland Busch would become chairman of Siemens Alstom, a joint venture rail company created last year to better compete with the international advance of Chinese conglomerates.
GKN <GKN.L> shareholder Elliott Advisors said on Friday it backed a 7.8 billion pound ($11.05 billion) bid by Melrose for the British engineer, as the clock ticks down to next week's deadline for investors to decide on the hostile takeover.
Steve Wynn, the former chief executive of Wynn Resorts Ltd, has disposed his entire 11.8 percent stake in the firm for $2.1 billion in a dramatic exit of the casino and hotel enterprise he founded over 16 years ago.
Rupert Murdoch's Twenty-First Century Fox has changed the group of banks lined up to help finance its proposed takeover of European pay-TV company Sky, replacing Bank of America with Citibank.
There is no truth to a report of merger talks between retailers Target Corp <TGT.N> and Kroger Co <KR.N>, a source familiar with the matter told Reuters on Friday.
German pharmaceutical company Stada <STAGn.DE> said on Friday it had applied to switch its listing of shares to the General Standard market segment from the Prime Standard segment on the Frankfurt exchange, a step that would reduce its reporting requirements.
Italian infrastructure group Atlantia <ATL.MI> said on Friday it had decided to exercise an option to buy all or part of the shares in Spanish telecoms masts group Cellnex owned by Abertis <ABE.MC> for between 21.20-21.50 euros per share.
Private equity firms including CVC Capital Partners are eyeing bids for Daisy Group in an auction that could value the British telecoms business at about 1 billion pounds ($1.41 billion), banking sources told Reuters.
Oil-to-telecoms conglomerate Reliance Industries <RELI.NS> is buying a stake in Indian music streaming service Saavn and will merge it with its JioMusic app to create a new entity it said would be valued at $1 billion.
U.S. television and broadband company Liberty Global <LBTYA.O> has scrapped a $876 million preliminary deal to buy Polish peer Multimedia Polska, the companies said on Friday.
Italian dairy group Parmalat <PLT.MI> is ready to grab new M&A opportunities around the world to strengthen its presence in overseas markets where it already operates, Chief Executive Jean-Marc Bernier said on Friday.
ArcelorMittal, the world's largest steelmaker, said on Friday it was investing 75 million Bosnian marka ($47 million) to overhaul a blast furnace at its steel plant in Bosnia to extend its lifespan and improve environmental standards.
Spain's Banco Santander <SAN.MC> told shareholders on Friday they would receive increased dividends this year, but executives at the annual general meeting were heckled by former investors in a lender it took over last year.
Tencent Holdings Ltd's <0700.HK> shares fell more than 4 percent on Friday, wiping out around $23 billion of market value, after the Chinese internet firm's largest shareholder, Naspers Ltd <NPNJn.J>, lowered its stake for the first time in 17 years.
Russian businessman Boris Mints wants to sell the country's third-largest pension fund, Budushchee, after two banks in its portfolio were bailed out, potentially triggering up to $370 million in losses, five people familiar with the matter said.
The maker of Bira 91, a popular Indian craft beer with bottles sporting sketches of a quirky monkey with a punk hairdo, is aiming to list itself in the next three to five years, its chief executive told Reuters.