By Anton Bridge (Reuters) -Alimentation Couche-Tard (ACT) and Japan’s Seven & i said they have signed a non-disclosure agreement (NDA) that will give the Canadian company access to the Japanese retailer’s financial data as it seeks a $47 billion acquisition. The move represents progress in takeover talks for Couche-Tard, which operates the Circle-K convenience stores in Canada and the Unit ...
By Jesús Aguado MADRID (Reuters) -Spain’s competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell by its larger rival BBVA (BME:BBVA), though the combined lender will have to accept several remedies in its retail banking arm if the long-running hostile takeover bid clears the remaining hurdles. The deal, valued at around 12 billion euros ($13.59 billion) when ...
Investing.com -- HSBC has downgraded United Parcel Service (NYSE:UPS) to Hold from Buy and slashed its price target to $105 from $140 per share. In a note to clients on Thursday, the bank warned that “tariff uncertainties will remain an overhang on UPS’ short-term demand outlook and share price.”While UPS’ first-quarter results were largely in line, HSBC analysts said the posit ...
By Marwa Rashad, Emily Chow, Yuka Obayashi and Maha El Dahan LONDON/SINGAPORE (Reuters) - One of the world’s biggest liquefied natural gas suppliers, QatarEnergy, is in talks with Japanese firms for a long-term deal to supply LNG from its North Field expansion project, five trading and industry sources told Reuters. Under the deal, Qatar would supply a consortium of Japanese importers, and a vo ...