(Reuters) - Investment firm MNC Capital has raised its offer to acquire sporting and outdoor goods company Vista Outdoor to $39.50 per share, or over $3 billion, the investment firm said on Thursday.
Shares of Vista Outdoor rose 8.4% to $37.34 in premarket trading.
Vista Outdoor had rejected MNC Capital's proposal in May, despite engaging with the investment firm to increase its bid of $37.50 per share, saying it undervalued the... (continue reading...)
DAMASCUS (Reuters) - For the first time in more than a decade, thousands of Syrians are travelling directly from government-held parts of Syria to Saudi Arabia for the Haj rituals, a signal of Syrian President Bashar al-Assad's gradual reintegration into the Arab fold.
After Syria's conflict erupted in 2011, Saudi Arabia cut ties with Assad and backed figures opposed to him - including by granting Syria's opposition thousands of visas to be distributed... (continue reading...)
SHANGHAI (Reuters) - Chinese electric vehicle maker Nio said on Thursday that it expected its EV deliveries in the second quarter to more than double from a year ago to between 54,000 and 56,000.
Revenue in the three-month period starting April would also nearly double to about $2.3 million, the company added.
Nio also saw its net profit in the first quarter grow 9.4% from the same period in 2023.
By Kopano Gumbi and Nellie Peyton
JOHANNESBURG (Reuters) - African National Congress leaders began talks on Thursday to try to agree on potential partners to form a new South African government after the ANC lost its parliamentary majority for the first time in the democratic era.
The former liberation movement has run South Africa since it swept to power with Nelson Mandela at the helm in the 1994 election that marked the end of... (continue reading...)
ROME (Reuters) - Telespazio, a joint venture between Italy's Leonardo and France's Thales said on Thursday it had signed an agreement with Elon Musk's SpaceX to commercialise Starlink services.
SpaceX's Starlink, which owns around 60% of the roughly 7,500 satellites orbiting Earth, is dominant in the satellite internet sphere.
The constellation of satellites is designed to provide broadband internet services around the world,... (continue reading...)
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