Business

Sika to buy former BASF chemicals company from Lone Star for $6 billion

ZURICH (Reuters) -Swiss chemicals company Sika has agreed to buy MBCC Group for 5.5 billion Swiss francs ($6 billion) to boost its position in sustainable building, making its biggest ever acquisition in the fragmented $70 billion construction chemicals sector.FILE PHOTO: Logo of Swiss chemical group Sika is seen on a snow-covered roof of a branch […]

Analysis & Comment

Daily Mail publisher close to deal with pension trustees over Rothermere offer

FILE PHOTO: A clock face is seen outside of the London offices of the Daily Mail newspaper in London, Britain, April 28, 2018. REUTERS/Toby Melville/File Photo(Reuters) – The owner of Britain’s Daily Mail said on Tuesday it was close to agreeing a deal with its pension trustees that could see Rothermere Continuation Ltd pay them […]

Politics

Aurora marijuana hospitality measure fails; could return after November election

Aurora’s prolonged effort to be one of the first cities in Colorado to allow marijuana lounges and mobile pot tour buses was defeated for a final time this week on a 5-4 vote. But because of a parliamentary maneuver by Councilman Juan Marcano, who favors the measure but voted against it Monday night, the issue […]

Business

JPMorgan Chase acquires college financial planning platform Frank

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar(Reuters) – JPMorgan Chase & Co said on Tuesday it had acquired Frank, a college financial planning platform used by over 5 million students in the United States. The deal is […]

Business

Why Our Monsters Talk to Michael Wolff

It’s early 2019, a few months before Jeffrey Epstein will be arrested on sex charges, and he is sitting in the vast study of his New York mansion with a camera pointed at him as he practices for a big “60 Minutes” interview that would never take place. The media trainer is a familiar figure: […]

Analysis & Comment

Carlyle revives $1.2 billion sale of lingerie firm Hunkemoller – sources

AMSTERDAM (Reuters) – U.S. private equity firm Carlyle is reviving plans to sell Netherlands-based lingerie chain Hunkemoller that were delayed by the pandemic, two people close to the matter told Reuters, in a deal that could top 1 billion euros ($1.2 billion).FILE PHOTO: The logo of the Carlyle Group is displayed at the company’s office […]

Business

Analysis-Cash-hungry emerging markets arrive late to the SPAC party

LONDON (Reuters) – Emerging markets have so far been on the fringes of a fundraising boom using so-called SPACs or special-purpose acquisition companies, which could potentially unlock a vital new source of cash for entrepreneurs in developing regions.FILE PHOTO: A Grab logo is pictured in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman […]

Business

Cerberus-backed My Money to buy HSBC French retail bank

LONDON/PARIS (Reuters) -HSBC has agreed to sell its French retail bank to My Money Group, which is backed by private equity firm Cerberus, ending a long effort by the British bank to dispose of the struggling business as it focuses on Asia.FILE PHOTO: The HSBC bank logo is seen in the Canary Wharf financial district […]

Business

Germany's biggest landlords agree $22 billion merger

FRANKFURT (Reuters) -Germany’s two biggest listed landlords Vonovia SE and Deutsche Wohnen have agreed to join forces in a 18 billion-euro ($22 billion) deal that risks stoking tensions over affordable housing in the run-up to general elections in September.FILE PHOTO: An office building of the German property group Deutsche Wohnen is pictured in Berlin, Germany […]

Analysis & Comment

Atlantia investors to meet May 31 on CDP's sweetened bid for motorway unit

MILAN (Reuters) – Atlantia will ask shareholders on May 31 to assess an improved offer for its motorway unit presented by state investor CDP and its partners, the group controlled by Italy’s Benetton family said late on Friday.FILE PHOTO: The logo of an infrastructure group Atlantia is seen outside their headquarters, in Rome, Italy October […]