Bloomberg Markets
Universal Music Group NV is speaking to investors ahead of a possible €1 billion ($1.15 billion) two-part bond sale on Monday, after rejecting hedge fund billionaire Bill Ackman’s takeover offer.
Bloomberg Markets
Blackstone Inc. is looking to sell more than $2 billion of its stakes in private investment funds by bundling the exposure into bonds for investors, the Financial Times reported.
Bloomberg Markets
Strategists at some of Wall Street’s biggest banks are looking past Friday’s tech-led selloff, saying earnings growth should support stocks through the end of the year.
Bloomberg Markets
Abu Dhabi National Oil Co. is selling a bumper volume of crude originating from inside the Persian Gulf to traders and refiners in Asia, in the first tenders of their kind for such grades since the Iran war began.
Bloomberg Markets
Intesa Sanpaolo offered to buy Banca Monte dei Paschi di Siena for €30.6 billion in a move that’s set to spur a new phase of dealmaking in Italian finance. It comes a day after Banco BPM pitched a merger of equals with Monte Paschi that would result in a combined entity worth close to €50 billion.
US food company Ingredion agreed to buy Tate & Lyle for £2.7 billion, in a move that marks the end of the UK company’s near-century on the London Stock Exchange.
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