- Vista Outdoor has agreed to sell itself in two parts for $3.35 billion: Revelyst to Strategic Value Partners and Kinetic to the Czech CSG. The overall price represents USD 45 per share, compared with USD 43 for MNC's offer.
- Donald Trump claims that JPMorgan Chase boss Jamie Dimon is backing him, but the bank denies it.
- Starboard buys a $1 billion position in Pfizer.
- Boeing launches a new round of negotiations on Monday after a three-week strike.
- Meta presents its generative video AI, Movie Gen.
- Kroger completes sale of specialty pharmacy business to Elevance Health.
- Regeneron CEO says weight-loss drugs could cause “more harm than good”.
- Wynn Resorts obtains first gaming license in the United Arab Emirates. Italgas signs $5.8 billion deal to buy rival 2i Rete Gas.
- Compagnie Financière Richemont sells its YNAP e-commerce business to Mytheresa.
- Wynn Resorts - The hotel and casino operator said that it had obtained the first commercial gaming operator license in the United Arab Emirates, issued by the country's General Authority for the Regulation of Commercial Gaming.
- Air Products and Chemicals - Hedge fund Mantle Ridge has taken a stake in the industrial gas producer and wants it to cut costs, focus on its core business, and pave the way for a new leader.
- Commerzbank CEO believes his bank would lose customers if it merged with UniCredit.
- The Hayek family bought back more than 14 million Swatch shares.
- Shell raises its production forecast for the third quarter.
- Italy plans to sell up to 15% of Banca Monte dei Paschi in a share placement.
- Eni in talks with Japan for LNG supply.
- Novo Nordisk invests $158 million in an insulin plant in Brazil. Adani is in talks to buy Heidelberg Materials' Indian cement business, according to the Economic Times.
- Rio Tinto is in talks to buy lithium mining company Arcadium.
- Foxconn reports record Q3 sales on demand for AI.
- Seven & I up on divestment rumors.
- Saudi investment fund plans to increase its stake in Nintendo, according to Kyodo.
- Chevron will sell its assets in the Athabasca oil sands and the Duvernay shale to Canadian Natural Resources cnq.to for 6.5 billion dollars.
- Barnes Group - The aerospace parts manufacturer announced on Monday that it would be acquired by private equity firm Apollo Funds in a deal valued at about 3.6 billion dollars.
- Vista Outdoor accepted buyout offers from two separate buyers on Friday for a total of 3.35 billion dollars, including debt. The group will sell its Revelyst sports equipment unit to investment firm Strategic Value Partners for 1.1 billion dollars, according to a statement reviewed by Reuters.
- GE Aerospace will lay off 72 of the 152 employees at its Schenectady, New York site.
Global markets live: Boeing, Meta, Shell, Rio Tinto, Chevron...
Every day, the MarketScreener team selects the most important news about listed companies across the world. Here's a short recap for your convenience: