Germany said Tuesday that it formally rejects "the aggressive approach" taken by Italy's UniCredit SpA as it pushes to increase its stake in domestic lender Commerzbank AG.
Germany said Tuesday that it formally rejects "the aggressive approach" taken by Italy's UniCredit SpA as it pushes to increase its stake in domestic lender Commerzbank AG.
Commercial property company Alternative Income REIT PLC urged its shareholders Tuesday not to take any action in response to a takeover offer of approximately £56.4 million ($75.6 million) by its largest shareholder Glenstone REIT PLC.
Fitch Ratings secretly adjusted its credit rating models in the run-up to the 2008 financial crisis to generate artificially high credit ratings for complex debt investments, motivated by a desire to grow its revenues, an investment firm said in its latest claim against a major rating agency.
The antitrust regulator said Tuesday it has approved the acquisition by Associated British Foods of bread maker Hovis, concluding that the deal will not harm competition because of the pressures facing the U.K. industry and the struggling state of the buyer's operations.
German ingredients giant Döhler Group and flavor and fragrance maker Treatt said Tuesday that they have secured regulatory approval in two countries for a takeover deal worth approximately £183 million ($247 million), bringing the transaction closer to completion.
LondonMetric Property PLC and a unit managed by asset manager Schroders said Tuesday they are continuing discussions over an all-share acquisition of Picton Property Income Ltd., a U.K. real estate investment trust.
IG Design Group PLC said it intends to repurchase up to about 9.8 million shares under a buyback program it began Tuesday, which is expected to lower the gift and party accessory maker's share capital.
As artificial intelligence deals continue to advance, they raise complex intellectual property questions with hard-to-verify technical facts that require a different approach to due diligence, risk allocation and execution, say lawyers at Katten.
