(Reuters) - Europe’s Airbus has finalized an agreement to take some assets from Spirit AeroSystems (NYSE:SPR), both companies said on Monday, completing a critical part of a transatlantic carve-up of the struggling supplier with U.S. rival Boeing (NYSE:BA).The U.S. planemaker agreed last year to buy back the aerosructures giant it spun off two decades ago for $4.7 billion in stock, while Airbus ...
(Reuters) - Australia’s Bega Cheese said on Monday that the Supreme Court of New South Wales has dismissed a case filed by Fonterra over trademark licensing agreements and the New Zealand dairy firm’s divestment plan.Last November, Fonterra’s Australian units initiated proceedings against Bega Cheese, seeking a ruling that Fonterra’s divestment proposal would not impact the existing tradem ...
By Valentina ZaMILAN (Reuters) -Italy’s Mediobanca (OTC:MDIBY) struck back on Monday in its fight for independence by announcing a 6.3 billion euro ($7.15 billion) offer for private bank Banca Generali (BIT:GASI) to be financed by using its stake in insurer Generali.Mediobanca is trying to thwart a takeover attempt by state-backed Monte dei Paschi di Siena. Italy is seeing a raft of hostile bids ...
HONG KONG (Reuters) - China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a securities brokerage licence.Ant Group agreed to buy a 50.55% stake in Bright Smart for HK$2.81 billion ($362.26 million), the firms said in a joint statement.Bright Smart cha ...