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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.

 

Romain Fournier
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