Britain is moving towards an exit from the European Union on March 29, possibly with no agreement, and thus courting – according to the Bank of England – an 8 percent drop in GDP and a 7.5 percent rise in unemployment. A drear prospect, attended by matching drear commentaries on the stupidity of the 52 […]

SAO PAULO (Reuters) – Brazilian restaurant operator International Meal Company Alimentacao SA (MEAL3.SA) is considering a share offering to raise money, according to a securities filing. The company said it has hired investment banking units of Banco BTG Pactual SA and XP Inc as advisors in a potential share offering, without providing further details. IMC, […]

MILAN (Reuters) – Italy’s Intesa Sanpaolo (ISP.MI) took a further step on Thursday towards resolving antitrust hurdles as it prepares to launch an exchange offer to take over rival UBI Banca (UBI.MI), a source familiar with the matter said. The bid unveiled by Intesa in February to create the euro zone’s seventh-largest banking group has […]

(Reuters) – European buyout fund Bridgepoint has agreed to buy EQT Partners’ (EQTAB.ST) credit business in a deal that would boost its ability to take part in a wave of corporate restructurings triggered by the coronavirus crisis, a source close to the matter told Reuters. The deal is expected to be announced as soon as […]

MILAN (Reuters) – Italy’s insurance authority has cleared Intesa Sanpaolo’s (ISP.MI) proposed bid for rival UBI Banca (UBI.MI), paving the way for market watchdog Consob to clear the prospectus for the deal as a crucial antitrust meeting nears. Intesa said in a statement on Wednesday, insurance authority IVASS had given it the go-ahead to gain […]

MELBOURNE/BENGALURU (Reuters) – Spain’s Iberdrola has made an agreed A$828 million ($569 million) bid for Australian wind and solar firm Infigen Energy (IFN.AX), topping an offer from Philippine conglomerate Ayala Corp (AC.PS). Iberdrola said on Wednesday the bid for Infigen fit its strategy to expand globally in renewables, including acquisitions and wind farm projects in […]

NEW YORK (Reuters) – Royalty Pharma RPRX.O is set to sell shares in its U.S. initial public offering (IPO) at the top end its target range, in the biggest U.S. listing of the year so far, according to people familiar with the matter. The company expects to sell shares at $28 each, having last week […]

BERLIN (Reuters) – German drugmaker CureVac, in which the government is taking a sizeable stake to help fund a COVID-19 vaccine, is planning an initial public offering in the United States next month, a finance ministry document seen by Reuters on Monday showed. The German government plans to invest 300 million euros ($338.5 million) in […]

The stalemate between Donald Trump and congressional Democrats over funding for the border wall has been politically damaging for the president. Most Americans blame him for the longest government shutdown in history. Plus he has been put in a difficult strategic corner as he needs a way to resolve the shutdown without looking like he […]

BOSTON (Reuters) – Activist hedge fund Jana Partners on Thursday disclosed a new stake in Perspecta Inc (PRSP.N), which provides information technology services to government customers, and said it will speak with executives about changes that could lead to a merger or sale. Jana, one of the industry’s most powerful activist investors, said in a […]