FRANKFURT/LONDON Japan's Takeda Pharmaceutical Co has reached out to prospective bidders for a portfolio of drugs for sale in western Europe as it seeks to trim its debt following the $59 billion purchase of Shire, sources close to the matter told Reuters.
ZURICH/FRANKFURT Swiss chemicals maker Clariant is entering the final stages of the sale of its packaging business, part of a wider streamlining to be completed by the end of 2020, sources close to the matter said.
FRANKFURT Luxury carmaker Daimler cut its profit forecast for the fourth time in 13 months on Friday, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags. | Video
ZURICH Reinsurance group Swiss Re suspended plans for a $4.1 billion (£3.3 billion) initial public offering of British life insurer ReAssure on the day it was set to start trading in London, citing weak demand from institutional investors.
FRANKFURT/BOSTON Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies.
FRANKFURT/LONDON Swiss Re is considering postponing or restructuring the $4.1 billion (£3.3 billion) London listing of its UK life insurance business due to limited investor appetite, sources familiar with the matter said on Wednesday.
FRANKFURT/DETROIT A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives and bankers say.