- Activist investor Nelson Peltz's Trian Fund Management LP urged DuPont to break itself up, saying that efforts already underway at the industrial conglomerate to shed some of its businesses were not enough to fix what it called the company's "underperformance."
PARIS - Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere, a source close to the deal told Reuters.
FRANKFURT - Zalando , Europe's biggest dedicated online fashion retailer, has set a price range for its initial public offering of 18.00 to 22.50 euros per share, it said on Wednesday.
ZURICH - Swiss machinery maker Sulzer said it is in talks on a potential tie-up with U.S.-based compressor and turbine maker Dresser-Rand, a move that may trigger rival offers from other potential suitors.
FRANKFURT - The management of pay-TV provider Sky Deutschland has advised minority investors not to accept an offer from BSkyB, a token gesture given that BSkyB's terms are little more than a formality required after its purchase of a controlling stake in the broadcaster.
MUNICH - Shares in sportswear maker Adidas jumped on Wednesday on a report that a group of hedge funds is seeking to buy a stake to pressure management to make sweeping changes, although one of the funds dismissed this.
COPENHAGEN - U.S. regulatory approval of a proposed shipping alliance involving AP Moeller Maersk should be a formality, the Danish company's chief executive said on Wednesday.
FRANKFURT - German insurer Allianz will overhaul and may sell parts of its U.S. property and casualty business Fireman's Fund after struggling for years to bring underwriting losses under control, the company said on Wednesday.
NEW YORK - Deutsche Bank has sold its global base metals trading book to Citigroup Inc, the U.S. bank's latest move to expand its commodities trading business, according to a report by SparkSpread.
FRANKFURT - Germany's Lufthansa said on Wednesday it had agreed to order 25 new Airbus planes worth 2.5 billion euros ($3.24 billion) at list prices to replace older aircraft and cut fuel costs at two subsidiary airlines.
- Finance: Exodus hits U.S. law firm Bingham amid merger talks
- Technology: IAC offers more than $500 million to buy Israel's Perion: media
- Healthcare: Auxilium Pharma backs QLT deal, adopts poison pill after Endo's bid
- Consumer: Rival bidders seek new place in the sun for Club Med
- Energy: Morgan Stanley buys into Magnum Hunter's pipeline unit
- Industrials: Embraer to sell 50 E-175 jets to Republic in $2.1 billion deal
- M&A: UPDATE 2-Scout24 owners set to announce IPO in October - sources
- Bankruptcy: U.S. Steel's Canadian unit to file for creditor protection
- IPOs: Zalando sets price range for IPO at 18-22.50 eur
- Private Capital: UPDATE 2-Watchdog says U.S. risk council lacks tools to spot market threats
- Hedge Funds: Knight Vinke downplays reported interest in Adidas stake
- Regulatory: FedEx warehouse workers in Canada join union in N. America first
Free Deals Newsletter
- 'Baba' effect: Supply of stock set to swell as Alibaba IPO nears - USA TODAY
- Much at Stake as Xi Jinping, Chinese Leader, Visits India - New York Times
- Should investors subscribe to Shemaroo Entertainment IPO? - Economic Times
- United Airlines Offers Buyout Packages To Flight Attendants - NPR
- Norway Plans IPO of State-Owned Property Company - New York Times
- Detroit Reaches Deal With Creditor, as Others Object to Bankruptcy Plans - New York Times
- Marijuana Start-Up Reorganizes, With an Eye Toward IPO - New York Times
- Alibaba lifts IPO price range to $66 to $68 - CNNMoney