Latest News

Exchange operator Bats to buy swaps trading platform Javelin

Thursday August 11 th 2016

NEW YORK Bats Global Markets (BATS.Z), the No. 2 U.S. stock exchange operator by volume, said on Thursday it would acquire Javelin SEF LLC, a swaps exchange, for an undisclosed sum to enhance its foreign exchange trading operations.Bats said the deal would help speed up its plans to begin offering trading of non-deliverable forwards (NDFs) for the foreign exchange (FX) market. Continue reading

Steinhoff raises bid for Poundland, hedge fund adds stake

LONDON South African retailer Steinhoff (SNHG.DE) raised its agreed offer for Britain’s Poundland to 610 million pounds ($790 million) and said the revised terms were final, challenging investor Elliott Capital to back the deal or risk its collapse.Poundland’s board had recommended an earlier 597-million-pound offer from Steinhoff, which holds 23.6 percent of the British discounter’s share capital, on July 13.A day later activist U.S. hedge fund Elliott revealed it held 13. Continue reading

Canada’s Gibson Energy says it turned down takeover offer

Oil transportation company Gibson Energy Inc (GEI.TO) said on Thursday it had rejected a takeover offer from a foreign buyer, calling it inadequate.Gibson shares were up about 8.7 percent at C$17.41 in Toronto.The Calgary-based company, which had a market value of C$2.27 billion as of Wednesday’s close, said it would proceed with a plan to divest its industrial propane business, and that it was not seeking offers to sell itself. Continue reading

Sun Life continues ‘aggressive’ hunt for acquisitions

TORONTO Canadian insurer Sun Life Financial (SLF.TO) will continue to pursue acquisitions through the remainder of 2016, potentially expanding further in Asia, Chief Executive Dean Connor said on Thursday.”I would expect us to continue to look for acquisition opportunities aggressively. We’re looking for opportunities that support growth in the businesses we’re in today,” Connor said in an interview. Continue reading

Foxconn clears China’s anti-monopoly review for $3.8 billion deal with Sharp

TOKYO Taiwan’s Foxconn said on Thursday China’s anti-monopoly authorities approved its acquisition of Japan’s Sharp Corp, paving the way for the world’s largest contract electronics manufacturer to seal a $3.8 billion deal.With all necessary regulatory reviews complete, Foxconn and Sharp “will now move to complete the transaction in accordance with our agreement as soon as possible,” the Taiwanese company said in a statement. Continue reading