(Reuters) – Canadian media company Torstar Corp said on Saturday it reached an amended agreement to be acquired by NordStar Capital at a price of 74 cents per share, a 17.5% increase over NordStar’s previous bid. NordStar raised its bid
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Aeromexico looking to restructure seven bonds worth $300 million: media
MEXICO CITY (Reuters) – Mexican airline Aeromexico (AEROMEX.MX) is looking to restructure 7 bonds worth a total of 6.8 billion pesos ($300 million), a Mexican media outlet said on Tuesday, after filing for bankruptcy due to the fallout from the
Britain and India's Bharti win auction for OneWeb satellite company
LONDON (Reuters) – Britain has joined forces with India’s Bharti Global to buy the collapsed satellite operator OneWeb, with the two sides pledging $1 billion between them to develop a constellation that could boost broadband and other services. Under the
Intesa advances towards solving antitrust hurdle in UBI deal: source
MILAN (Reuters) – Italy’s Intesa Sanpaolo (ISP.MI) took a further step on Thursday towards resolving antitrust hurdles as it prepares to launch an exchange offer to take over rival UBI Banca (UBI.MI), a source familiar with the matter said. The
Engie Brasil CEO says perspective for buying 10% stake in TAG improved
SAO PAULO (Reuters) – The Brazilian subsidiary of France’s Engie SA (ENGIE.PA) is considering buying from local state-run oil company Petrobras its remaining 10% stake in the natural gas pipeline company TAG, given the positive performance of the business, Engie
Novo Banco seeks to offload Spanish retail network: sources
LISBON/LONDON (Reuters) – Portuguese lender Novo Banco is looking to sell its loss-making retail network in Spain as it faces pressure to prop up its balance sheet and prevent further losses, two sources told Reuters. Novo Banco has reached out
LVMH's Arnault to buy stake in Lagardere holding company
PARIS (Reuters) – Bernard Arnault, the billionaire behind luxury fashion group LVMH (LVMH.PA), has agreed to buy a stake in the holding company of fellow French billionaire Arnaud Lagardere, according to the holding companies of the two men. Lagardere’s eponymous
Doctor who put off retirement to treat coronavirus patients dies of COVID-19
A New York doctor made the ultimate sacrifice after he delayed his retirement to treat low-income coronavirus patients and later died of the virus. Dr. James Mahoney, a physician at University Hospital of Brooklyn and Kings County Hospital Center, died
Thyssenkrupp pools businesses to be sold or shut down
FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) on Monday said it would pool units that it plans to sell or shut down while singling out three businesses that will definitely stay within the group: materials services, industrial components and car parts. The
U.S. restaurants using blow-up dolls, mannequins to enforce physical distancing
Restaurants are having to get creative as they reopen amid physical distancing rules, thanks to the coronavirus pandemic. At their Tuesday night reopening, South Carolina restaurant Open Hearth sat their live customers next to fancy dressed blow-up dolls. “The G-rated