BG Group said on Friday it was still happy with Shell's $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the profit outlook for its liquefied natural gas (LNG) business.
Deals
TPG Capital looking to buy Cushman & Wakefield for $2 billion: Bloomberg
TPG Capital TPG.UL is in advanced discussions to buy commercial property brokerage Cushman & Wakefield Inc from Exor SpA (EXOR.MI) for about $2 billion, and an agreement could be announced as soon as next week, Bloomberg reported on Saturday, citing people familiar with the matter.
Alibaba sweeps up shares of retailer Zulily, now holds 9.2 percent stake
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) has reached a 9.2 percent stake in U.S. on-line retailer Zulily Inc (ZU.O), after sweeping up shares at rock-bottom prices last week.
Sharp plans to use capital to wipe out past losses: source
Japan's Sharp Corp (6753.T) is considering using capital to reduce accumulated losses on its book, an accounting maneuver that would allow the loss-making electronics maker to resume dividend payment earlier, a source said on Saturday.
Bombardier eyes 20-30 percent rail unit IPO in Frankfurt - sources
Bombardier Inc (BBDb.TO) is aiming to sell a 20- to 30-percent stake in its rail unit via an initial public offering in Frankfurt as early as October, said three sources familiar with the matter on Friday.
Latest News
Alibaba Group Holding (BABA.N) is in talks with India's Micromax Informatics (IPO-MINF.NS) to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world's fastest growing markets for the devices, several people with direct knowledge of the matter said.
Microsoft Corp (MSFT.O) currently is not weighing an offer for Salesforce.com Inc (CRM.N), two people familiar with the matter said on Thursday, dampening speculation that Microsoft could be drawn into bidding for the cloud software company.
Agrochemicals firm Syngenta on Friday rejected a $45 billion takeover offer from Monsanto, saying the offer undervalued the Swiss firm and did not fully take into account regulatory risks.
Bright House Networks, the sixth largest U.S. cable operator, is preparing to abandon a $10.4 billion deal to be acquired by larger peer Charter Communications Inc (CHTR.O), according to people familiar with the matter.
Bombardier Inc outlined plans to list a minority stake in its rail unit on Thursday, as it reported a quarterly profit that topped market expectations. The initial public offering is expected to take place in the fourth quarter and the main listing is likely to be in Germany, where its rail business is headquartered.
French gas and power group GDF Suez (GSZ.PA) is interested in some of the activities of nuclear firm Areva (AREVA.PA), a spokesman for the company said on Monday.
Italy's Exor (EXOR.MI) said on Monday it remained fully committed to its $6.4 billion offer for PartnerRe (PRE.N) after the Bermuda-based reinsurer rejected its attempt to trump a bid by Axis Capital Holdings (AXS.N).
Fosun International Ltd (0656.HK), an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc (IRSH.N) for $1.8 billion.
BHP Billiton's shareholders are expected to approve the biggest ever spin-off in the mining industry on Wednesday, seeking to wring more value out of a string of long-neglected aluminum, manganese, silver and nickel assets.
