(Reuters) – U.S. arms maker Lockheed Martin Corp said on Sunday it terminated its plan to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion. The move comes after the U.S. Federal Trade Commission, last month, voted unanimously to sue to block the deal over antitrust concerns. The merger, which was announced in…
By Shashwat Awasthi (Reuters) -Crown Resorts Ltd said on Monday it will back a A$8.87 billion ($6.3 billion) binding takeover offer from U.S. private equity firm Blackstone Inc, as the lengthy takeover saga for Australia’s largest casino operator nears its end. Shareholders of Crown, which has faced damaging misconduct inquiries in every state it operates…
(Reuters) -Australia’s largest casino operator Crown Resorts Ltd said on Monday it would back a A$8.87 billion ($6.3 billion) binding takeover offer from U.S. private equity firm Blackstone Inc. Shareholders of Crown, which has faced damaging misconduct inquiries in every state it operates in and has also been hammered by a COVID-19-led drop in visitors,…
By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan NEW DELHI (Reuters) – State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest economy by a considerable margin. The offering is crucial…
(Deletes reference in Feb. 11 story to consumer vehicles in second paragraph) By David Randall NEW YORK (Reuters) -Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 billion at the time, makes…
By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan NEW DELHI (Reuters) -State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator for what could be the country’s largest initial public offering (IPO). India’s largest insurer will be selling 316.25 million shares, according to the draft prospectus dated Feb. 13. The…
By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan NEW DELHI (Reuters) – State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator for an initial public offering (IPO) that is widely expected to be the country’s largest public issue. The IPO by India’s largest insurer will offload 316.25 million shares,…
WINDSOR, Ontario (AP) — The busiest U.S.-Canada border crossing reopened late Sunday after protests against COVID-19 restrictions closed it for almost a week, while Canadian officials held back from a crackdown on a larger protest in the capital, Ottawa. Detroit International Bridge Co. said in a statement that “the Ambassador Bridge is now fully open…
By Hadeel Al Sayegh and Moataz Mohamed DUBAI (Reuters) -Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth fund, the government said on Sunday. The shares will bolster the Public Investment Fund’s (PIF) strong financial position and high credit ratings in the…
AMSTERDAM (Reuters) – Just Eat Takeaway.com CEO Jitse Groen said on Sunday the company’s decision to de-list its shares from the Nasdaq stock exchange should not be taken as an indication of plans to sell its Grubhub subsidiary. The company announced its intention to delist its U.S. shares on Tuesday. Shares of the Amsterdam-based company…
