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Canada’s ABC Technologies proposes revised buyout of UK’s TI Fluid

14 Sep 2024

(Reuters) -Canada’s ABC Technologies Holdings proposed a revised buyout of London-listed automotive components supplier TI Fluid Systems at 176 pence ($2.31) per share on Sept. 4, the companies said on Saturday. Canada-based manufacturer ABC said TI Fluid’s board had rejected the offer. ABC added it remains interested in a possible transaction and is considering its …

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Axel Springer and KKR reached fundamental deal in summer, source said

14 Sep 2024

By Klaus Lauer (Reuters) -German billionaire Mathias Doepfner and KKR reached a fundamental deal in summer to split up the media giant Axel Springer, a source familiar with the situation told Reuters on Saturday. The two sides are expected to discuss the proposed structure of a deal that would give KKR majority control of the …

Axel Springer and KKR reached fundamental deal in summer, source said Read More »

Exclusive-OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say

14 Sep 2024

By Krystal Hu and Kenrick Cai (Reuters) – OpenAI’s new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for …

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Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says

14 Sep 2024

DUBLIN (Reuters) – Ryanair Group CEO Michael O’Leary said on Saturday a prolonged Boeing workers’ strike may cut the number of aircraft it receives by next summer to 20 from an anticipated 25. O’Leary said his low-cost Irish airline, one of Boeing’s largest customers, was supposed to receive 30 737 MAX aircraft before summer 2025 …

Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says Read More »

Nvidia’s stock market dominance fuels big swings in the S&P 500

14 Sep 2024

By Saqib Iqbal Ahmed NEW YORK (Reuters) -Nvidia’s huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant’s fortunes turn. This year’s 140% surge in shares of Nvidia, whose chips are seen as the gold standard in artificial …

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SoftwareOne weigh deal for Crayon as Apax closes in, Bloomberg News reports

14 Sep 2024

(Reuters) -Swiss technology firm SoftwareOne Holding is exploring a potential merger with smaller Norwegian competitor Crayon Group Holding, Bloomberg News reported on Friday, citing people familiar with the matter. Apax Partners, the leading bidder for SoftwareOne, is discussing with the company’s major shareholders various structures to take both SoftwareOne and Crayon private and combine their …

SoftwareOne weigh deal for Crayon as Apax closes in, Bloomberg News reports Read More »

Boeing strike could exacerbate global jetliner shortage, experts say

14 Sep 2024

By Tim Hepher and Padraic Halpin WASHINGTON/DUBLIN (Reuters) – Boeing’s first strike in 16 years could further compound global shortages of jetliners that have been pushing up airfares and forcing airlines to keep older jets flying longer, industry executives and analysts said. The U.S. planemaker’s West Coast workers went on strike at midnight on Friday …

Boeing strike could exacerbate global jetliner shortage, experts say Read More »

Moody’s revises Greece’s outlook to ‘positive’, maintains ratings at ‘Ba1’

14 Sep 2024

(Reuters) – Credit ratings agency Moody’s revised its outlook on Greece to “positive” from “stable” on Friday, citing a healthier banking sector and a better-than-expected economic performance. The agency also affirmed its rating for Greece at ‘Ba1’. It is the only ratings agency that continues to classify Greece as non-investment grade, placing it one notch …

Moody’s revises Greece’s outlook to ‘positive’, maintains ratings at ‘Ba1’ Read More »

Apollo-owned ABC Technologies proposes to buy UK’s TI Fluid for about $1 billion, Sky News reports

13 Sep 2024

(Reuters) – Apollo Global-owned ABC Technologies Holdings has proposed a buyout of London-listed automotive components supplier TI Fluid Systems for more than 800 million pounds ($1.05 billion), Sky News reported on Friday. Canada-based ABC Technologies has offered a 180 pence-a-share deal, the report added.      TI Fuild’s board is unlikely to seriously consider the …

Apollo-owned ABC Technologies proposes to buy UK’s TI Fluid for about $1 billion, Sky News reports Read More »

Exclusive-Bain Capital taps advisers for sale of UK’s esure, sources say

13 Sep 2024

By Amy-Jo Crowley and Carolyn Cohn LONDON (Reuters) – Private equity firm Bain Capital has lined up advisers for the possible sale of British motor and home insurer esure, three people familiar with the matter told Reuters. Fenchurch is among the advisers tapped for the sale, two of the people said. Potential bidders include Belgian …

Exclusive-Bain Capital taps advisers for sale of UK’s esure, sources say Read More »

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