Friday 18 June 2021

Reuters Global Investor: CAS urges At Home investors to reject $37 a share take-private deal

CAS urges At Home investors to reject $37 a share take-private deal

At Home Group Inc's (HOME.N) largest investor, CAS Investment Partners LLC, is urging shareholders to join it in rejecting the home furnishing retailer's proposed sale, arguing that even after this week's price increase the offer remains far too low.

Sumitomo shareholders reject climate change resolution

Sumitomo Corp (8053.T) shareholders on Friday rejected a proposal requiring the trading house to align its business with global climate change targets in a victory for the board over activist investors seeking more action on environmental issues.

Spain's Acciona seeks $11.6 bln valuation with renewables IPO

Spain's Acciona (ANA.MC) said on Thursday it was targeting a valuation of up to 9.8 billion euros ($11.66 billion) for its energy business following the listing of up to 25% of this unit, in what is set to be one of the biggest in a record year so far for listings in Europe.

JPMorgan buys investment platform Nutmeg in UK retail push

JPMorgan Chase (JPM.N) has bought British digital wealth manager Nutmeg as part of the U.S. bank's expansion into the UK retail banking and investment market.

As Fed taper inches closer, investors prepare for volatility ahead

As the Federal Reserve takes initial steps toward removing its massively accommodative policy, investors are preparing for the main show ahead.

How to handle a bidding war in a hot housing market

Over the last few years, if you were trying to buy a home in the United States, you were typically up against one other bidder for sales that closed.

'Meme' stock prices may not properly reflect demand -NYSE president

The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.

EU assessment of banks banned from bonds sales to be done very soon – sources

The European Commission will make an assessment of banks it banned from EU Recovery Fund bond issuance very soon, which could see lenders re-admitted to the process, sources familiar with the situation told Reuters on Wednesday.

Morgan Stanley hires senior Credit Suisse dealmaker Weinberger -source

Morgan Stanley (MS.N) has hired Greg Weinberger from Credit Suisse Group (CSGN.S), a source familiar with the matter said on Wednesday, the most high-profile investment banking departure amid a glut of exits from the Swiss bank in recent weeks.

EXCLUSIVE Deutsche Telekom seeks investors to bankroll German internet overhaul - sources

Deutsche Telekom (DTEGn.DE) is offering investors stakes in a company it is creating to overhaul Germany's internet cables to help foot the bill for much-needed network modernisation, three people familiar with the matter said.

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