Global markets live: Toshiba, Facebook, AT&T, Tesla, Blackstone...
|06/07/2021 | 10:52am|
Company news is relatively quiet to start this second week of June. On the financial front, Reckitt Benckiser sold its infant milk business in China and a trio of investment funds will take control of Medline. Ryanair should tackle the umpteenth recapitalization of Alitalia and Euronext is divesting a small Norwegian subsidiary.
- Carrefour and Tesco will not renew their three-year purchasing partnership which expires this year.
- Blackstone, Carlyle and H+F are close to buying Medline for $34 billion.
- Reckitt Benckiser sells its infant formula in China for $2.2 billion.
- Toshiba pampers its shareholders with a special dividend and a share buyback.
- Facebook suspends Donald Trump's account for two years.
- Former Volkswagen boss Martin Winterkorn to pay €11m to his former employer in connection with "dieselgate".
- AT&T and Verizon are offering free iPhones.
- Ryanair will appeal against state aid to the new Alitalia, according to La Repubblica.
- Siegfried has now overcome the challenges of the cyberattack.
- Novartis ' Iptacopan met primary endpoint in phase II in IgA nephropathy.
- Alphabet also reached an agreement with the French competition authority to settle a dispute over abuse of a dominant position in online advertising, while agreeing to pay a fine of 220 million euros.
- Apple CEO Tim Cook and his team kick off an annual conference of app developers on Monday, a highly anticipated speech as the California giant faces legal action over the management of its app store.
- Microsoft got the green light from U.S. authorities to buy artificial intelligence and text-to-speech specialist Nuance Communications for $16 billion, according to a Nuance filing.
- Tesla has canceled the launch of the "Plaid+" version of its Model S, which would have offered the longest range in its lineup, Elon Musk, the electric carmaker's chief executive, announced Sunday on Twitter.
- Biogen is up 3.4% in pre-market trading as it awaits the Food and Drug Administration's opinion on its Alzheimer's treatment.
- A consortium of private equity funds led by Blackstone and Carlyle has signed a definitive agreement to buy a majority stake in the medical equipment group Medline Industries at a total valuation of more than $30 billion, according to several sources close to the matter.
- Australian software company Altium rejected a takeover offer from Autodesk for $3.9 billion, which it said was not enough, but left the door open for an improved proposal.
- Macquarie Infrastructure is about to sell its unlisted subsidiary Atlantic Aviation to KKR for about $4.5 billion, sources close to the matter said.