May 4, 2015/Reuters The third-largest shareholder in Holcim (HOLN.VX) said on Monday it has backed the Swiss cement maker’s merger with French rival Lafarge (LAFP.PA). “Harris has voted in favor of the merger,” a spokeswoman for U.S.-based fund manager Harris Associates said in an emailed statement to Reuters. Two-thirds of […]
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China’s Fosun offers $1.8 billion for 80 percent of U.S. insurer Ironshore
Sun May 3, 2015/Reuters Fosun International Ltd (0656.HK), an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc (IRSH.N) for $1.8 billion. The move follows Fosun’s decision to buy a 20 percent […]
Doubts grow over GlaxoSmithKline’s $6 billion capital return plan
Fri May 1, 2015/Reuters GlaxoSmithKline (GSK.L) may ditch a plan to return 4 billion pounds ($6.1 billion) to investors, some analysts believe, as the drugmaker prepares to set out its vision for the reshaped group and a new chairman takes the helm. Instead, Britain’s biggest drugmaker could use cash flowing […]
