Axel Springer Issues Update On Tender Offer; Final Acceptance Rate At 42.5%

Axel Springer SE (AXELF.PK) said the final acceptance rate, under the voluntary public tender offer by KKR, reached 42.5 percent of the share capital of Axel Springer. This was achieved with the 14.7 percent acceptance during the additional period. Axel Springer SE expects to complete the deal in the coming months.

Mathias Döpfner, CEO of Axel Springer, said: “The offer result is a very strong foundation for the planned strategic partnership with KKR. In the coming months, we will be focussing our attention on executing our growth strategy, which we will accelerate further.”

Amazon fire: Indigenous communities under threat

Amazon’s Indigenous groups’ lives and livelihoods are at risk due to the fires caused by rampant development.

Developers clearing the Amazon rainforest for cattle rearing and soya production have started many of the fires now raging in Brazil.

The international community and European leaders have warned that the environmental crisis should be contained as soon as possible.

But it’s also threatening the survival of Indigenous communities living in remote areas who have few safeguards.

Al Jazeera’s Daniel Schweimler reports from Karipuna in the state of Rondonia in northwest Brazil.

Record broken for hottest ever bank holiday Monday

It is already the hottest August Bank Holiday Monday on record after a temperature of 28.6°C was recorded at Tibenham Airfield.

It had already been forecast that today would beat the previous record of 28.2°C set at Holbeach in 2017.

Temperatures are forecast to continue to rise throughout the day.

Myanmar conflict: Arakan violence rises in Rakhine state

The ethnic Arakan people are fighting for greater autonomy from Myanmar’s central government

In Myanmar’s Rakhine state, another ethnic group besides the Rohingya has been fighting for its rights and recognition.

The ethnic Arakan people have been battling the Myanmar government for decades, and in 2009 founded their own armed group, the Arakan Army, in 2009.

Thousands have fled the violence into neighbouring Chin State and are now living in camps because of the recent spike in violence.

Al Jazeera’s Scott Heidler reports.

PDC Energy To Acquire SRC Energy; All-stock Deal Valued At $1.7 Bln

PDC Energy, Inc. (PDCE) has agreed to acquire SRC Energy, Inc. (SRCI) in an approximately $1.7 billion all-stock deal, including SRC’s net debt of approximately $685 million. SRC shareholders will receive a fixed exchange ratio of 0.158 PDC shares for each share, resulting in an implied value of $3.99 per share. The new company will be led by PDC’s executive management team.

The deal is projected to close in the fourth quarter. PDC expects the acquisition to be immediately accretive to key 2020 metrics.

Over Twitter, Trump praises Xi, says U.S.-China trade talks continuing

After commenting to reporters that China had made two calls to restart talks — a statement China has not yet confirmed — President Donald Trump on Twitter continued Monday to say that trade talks were continuing. "Great respect for the fact that President Xi & his Representatives want ‘calm resolution.’ So impressed that they are willing to come out & state the facts so accurately," he said, adding a link to a MarketWatch article. "This is why he is a great leader & representing a great country. Talks are continuing!" Dow futures YM00, +0.57% were up by 271 points.

Trump to Little League champs: ‘See you at the White House!’

President Donald Trump is applauding the Louisiana team that claimed its first Little League World Series title, tweeting: “Congratulations to Louisiana’s Champions. See you at the White House!”

Interested in Donald Trump?

The team from suburban New Orleans beat Curacao 8-0 to win the title on Sunday.

The champions fought their way back through the losers’ bracket, winning six games in eight days. They became the first team to win the Little League World Series after dropping their first game since the tournament expanded in 2001.

Trump is in France for the Group of Seven summit. His tweet was in response to a shout-out from Louisiana Republican Rep. Steve Scalise, who had suggested a trip to the White House might be in order for the team.

‘They love the location

BIARRITZ, France – President Donald Trump said Monday his golf resort in Doral, Florida, is a strong contender to host next year’s G-7 summit.

The United States will host next year’s gathering, which brings together leaders of the world’s most industrialized countries.

The host city of the next year’s summit has not been chosen, but Trump said it will probably be held in Miami.

Trump National Doral Miami, a golf resort and hotel, is one of the sites in the running to host the meeting, he said.

“They love the location of the hotel,” Trump said during a meeting with German Chancellor Angela Merkel at this year’s G-7 gathering in southwest France. “We haven’t found anything else close to competing with it.”

Trump said the golf resort is in a good location because it is near Miami International Airport. “You can be there in a matter of minutes after you land,” he said.

This year’s G-7, which opened Saturday, concludes Monday.

SSR Motorsports Recalls Certain Competition Motorcycles

SSR Motorsports recalled about 420 units of competition off-road motorcycles citing crash and injury hazards.

The company noted that the vehicle’s front fork assembly can fail during use, causing the rider to lose control and crash.

The company received three reports of the front fork assembly failing, and two incidents out of that resulting in bruising.

The recall, conducted under the Fast Track Recall process of U.S. Consumer Product Safety Commission, involves two-wheeled 2019 SSR Motorsports motorcycles with model numbers SR70Auto, SR70C, SR110Semi/DX, and SR125Auto.

These motorcycles were manufactured by Zhejiang Kayo Motor Co. Ltd., of China and imported by California-based SSR Motorsports.

The products were sold at authorized SSR Motorsports dealers across the United States from February 2019 through June 2019 for between $800 and $1,200.

SSR Motorsports urged the consumers to immediately stop using the recalled motorcycles and contact the local dealer for a free repair.

In March, Triumph Motorcycles USA had recalled more than 12,000 motorcycles due to a potential fault that would lead to a loss of electrical power.

Recently, Honda also had recalled nearly 4000 units of Honda CB300R and other small capacity motorcycles in the US due to an issue with the transmission.