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Exclusive: Canada’s Couche-Tard drops $20 billion Carrefour takeover plan, sources say | Pamela Barbaglia

www.reuters.com | LONDON/PARIS (Reuters) – Canada’s Alimentation Couche-Tard has dropped its 16.2 billion euro ($19.6 billion) bid to amass European retailer Carrefour SA after the takeover plan bumped into stiff opposition from the French authorities, two sources acquainted …

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UPDATE 1-Toshiba plans to hold EGM by April-end to address activist challenge

www.reuters.com | U.S. hedge fund Farallon Capital Administration, which owns greater than 5% of Toshiba, stated the agency ought to search shareholder approval over what it …

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Drug makers help Nikkei scale fresh 3-decade high | Junko Fujita

www.reuters.com | TOKYO, Jan 12 (Reuters) – Japan’s benchmark Nikkei share common recovered from early falls on Tuesday to hit a recent three-decade excessive, with drug makers main the cost following a report of one other efficient COVID-19 therapy. The Nikkei 225 Index …

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Breakingviews – Becoming a bank would shrink but not squash Ant

www.reuters.com | … the impression of the principles, maybe by specializing in distributing funding merchandise. However whereas rules gained't squash Ant, they’ll definitely shrink it.

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Exclusive: Tesla hunts for design chief to create cars for China – sources |

www.reuters.com | BEIJING (Reuters) – Tesla Inc is trying to find a design director in China, a part of efforts to open a “full-function” studio in Shanghai or Beijing and design electrical vehicles tailor-made to Chinese language client tastes, in accordance with three folks with information of the matter.

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Roark Capital-owned Driven Brands targets over $3 billion valuation in IPO

in.reuters.com | (Reuters) – Pushed Manufacturers Holdings Inc, one of many largest U.S. auto providers franchisers, is trying to elevate as a lot as $760 million by an preliminary …

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Prominent activist investors post record 2020 returns despite pandemic-muted activity

in.reuters.com | And Andrew Left, who has focused corporations he thinks are over-valued by means of his work at Citron Analysis, instructed traders that his hedge fund …

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U.S. considering adding Alibaba, Tencent to China stock ban -sources | Reuters Staff

The Trump administration is contemplating including Alibaba Group Holding Ltd and Tencent Holdings Ltd to a blacklist of Chinese language corporations which are allegedly owned or managed by the Chinese language army, two folks conversant in the matter advised Reuters.

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Chinese fund managers rush to capitalize on investors' green fever

in.reuters.com | Chinese language fund managers rush to capitalize on traders' inexperienced fever … at Shanghai See Reality Funding Administration Co, a hedge fund home.

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PPG sweetens deal to buy Finnish paint maker Tikkurila for $1.52 billion | Praveen Paramasivam

in.reuters.com | (Reuters) – Tikkurila Oyj on Tuesday agreed to PPG Industries Inc’s elevated buyout provide of 1.24 billion euros ($1.52 billion) after the Finnish paint maker obtained a competing proposal. Tikkurila shareholders would get 27.75 euros in money for every Tikkurila …

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