merger

Musk’s Tesla ‘master plan’ big on vision, short on details

“The plan is like before – or like much of what Tesla does – long on exciting visions of the future and short on financial details,” Barclays Capital analyst Brian Johnson said in a note to clients. In a blog post titled “Master Plan, Part Deux”, Musk also restated his argument that Tesla should acquire solar panel installer SolarCity Corp .

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Musk’s Tesla ‘master plan’ big on vision, short on details

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SABMiller to scrutinize AB InBev mega-deal after regulator approval: chairman

By Freya Berry LONDON (Reuters) – The chairman of SABMiller said the brewer would consider the attractiveness of a $107 billion offer by Anheuser Busch InBev after the merger had undergone the regulatory process. The takeover of the London-listed brewer has come under scrutiny in recent weeks as a drop in the British currency has reduced the relative attractiveness of the all-cash offer aimed at most SAB shareholders. A source familiar with the matter told Reuters on Wednesday that the company's board was weighing the…

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SABMiller to scrutinize AB InBev mega-deal after regulator approval: chairman

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Exclusive: SWIFT network says aware of multiple cyber fraud incidents

The disclosure came as law enforcement authorities in Bangladesh and elsewhere investigated the February cyber theft of $81 million from the Bangladesh central bank account at the New York Federal Reserve Bank. SWIFT has acknowledged that the scheme involved altering SWIFT software on Bangladesh Bank's computers to hide evidence of fraudulent transfers. Monday's statement…

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Exclusive: SWIFT network says aware of multiple cyber fraud incidents

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Exclusive: Landry’s and Jefferies CEOs to launch acquisition company – sources

The SPAC will be called Landcadia, a combination of the names Landry's and Leucadia, and plans to raise as much as $300 million in an initial public offering (IPO), the people said. SPACs, also known as blank-check acquisition companies, have no assets but use IPO proceeds, together with bank financing, to buy other companies and boost their value through operational improvements.

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Exclusive: Landry’s and Jefferies CEOs to launch acquisition company – sources

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Mitsubishi Motors used non-compliant data far longer than disclosed: source

By Naomi Tajitsu TOKYO (Reuters) – Mitsubishi Motors Corp used fuel economy testing methods that were not compliant with Japanese regulations since 1991 – much longer than previously known, a source briefed on the matter said. Japan's sixth-largest automaker has lost half of its market value – some $3.9 billion – since it admitted…

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Mitsubishi Motors used non-compliant data far longer than disclosed: source

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U.S. approves Charter’s Time Warner Cable buy with conditions

The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc's proposed purchase of Time Warner Cable Inc and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider. The Justice Department's approval carried conditions designed to protect competition, coming at a time when the pay television industry faces stagnation due to new competition from over…

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U.S. approves Charter’s Time Warner Cable buy with conditions

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United Airlines fined $2.75 million over treatment of disabled, tarmac delays

The U.S. Transportation Department said it fined United Airlines $2.75 million on Thursday for breaking rules protecting air travelers with disabilities and prohibiting long tarmac delays. The airline, part of United Continental Holdings Inc, was also ordered not to break those rules in future, the department said in a statement.

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United Airlines fined $2.75 million over treatment of disabled, tarmac delays

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Shire, Baxalta to announce merger as soon as Monday: sources

The deal would come after Reuters first reported on Dec. 22 that Shire's latest offer for Baxalta had met the latter's valuation expectations. Baxalta shares were trading on Thursday just under $39 and Shire stock was at $190.45 a share. Both parties are confident tax concerns arising from Baxalta's spin out from Baxter International Inc will not be an impediment to the transaction but are waiting for a formal legal opinion to come through before signing their merger agreement, the people added.

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Shire, Baxalta to announce merger as soon as Monday: sources

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Exclusive: Pfizer negotiating 2-3 percent Allergan break-up fee – sources

A break-up fee of that amount, to be paid by Pfizer if it were to walk away from the Allergan deal, would show confidence that the regulatory risk to the merger does not pose an existential threat, despite the U.S. Treasury planning this week to tighten the rules on corporate tax inversions, a key aspect of their plan. The break-up fee…

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Exclusive: Pfizer negotiating 2-3 percent Allergan break-up fee – sources