(Reuters) - The European Commission on Monday approved U.S. Steel's $14.9 billion buyout by Japan's Nippon Steel.
"The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited market positions resulting from the proposed transaction," the commission said in a statement.
U.S. Steel shares rose about 2% before the bell.
(Reporting by Aatreyee Dasgupta... (continue reading...)
PARIS (Reuters) - France will send its ambassador to the inauguration of Russian President Vladimir Putin for his next six-year term in office on Tuesday, a French diplomatic source said on Monday, in contrast with Germany which said it would not be represented.
Paris' decision suggests a potential split in the Western camp with several countries, including the Baltic states, vehemently opposed to giving Putin any form of legitimacy and potentially... (continue reading...)
(Reuters) -Canada's Brookfield Asset Management will invest about $1.5 billion in U.S.-based private credit manager Castlelake, the companies said on Monday.
Private credit firms have become an increasingly popular source of capital for they do not face the tighter regulatory scrutiny as traditional lenders.
This multi-trillion market has significant tailwinds that will help drive the growth of our $300 billion credit business over the next... (continue reading...)
(Reuters) - Hedge fund Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and proposals related to executive compensation, ramping up its efforts for a board shakeup at the COVID-19 vaccine maker.
Shah Capital, which currently owns a near 7.5% stake in Novavax and is its third-largest shareholder, reiterated that the company was "undervalued and continues to suffer from poor profitability".
... (continue reading...)MAPUTO (Reuters) - Mozambique's ruling FRELIMO party has announced Daniel Chapo will be its presidential candidate in an election scheduled for October.
FRELIMO has governed the southern African country since gaining independence in 1975 and hopes Chapo will lead the party to another victory in the Oct. 9 election.
"The soap opera of speculation is over, including speculation about the third term," President Filipe Nyusi said on state... (continue reading...)
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