6474
Merger Row
World Economy

Merger Row

A bitter row over a plan by French building materials giant Saint-Gobain to take over Sika of Switzerland, which produces chemicals used in construction, caused shares in both groups to plunge on Monday. Saint-Gobain agreed to sell it for 2.75 billion Swiss francs ($2.8b). Saint-Gobain shares sank 4.9% in late morning trade after it announced the takeover bid, while Sika’s nosedived 17.37%.
   

 

Short URL : http://goo.gl/7hTLnb

You can also read ...

Household debt topped the list of key systemic risks cited by market watchers at 87%.
South Korea’s growing household debt and geopolitical risks...
The Ritz-Carlton Hotel in Riyadh houses over 200 arrested princes, government ministers  and members of the military on corruption charges.
There has been no big outflow of money from Saudi Arabia as a...
Jordan’s real GDP is forecast to grow at 3% in 2018 and 3.2% in 2019.
Jordan’s economy which has been straddled with mounting debt...
The telecommunications and computers industry saw  flat year-on-year performance in the third quarter.
Singapore’s domestic wholesale trade expanded by 11.3% in the...
IMF expects demand growth for housing to remain robust.
The International Monetary Fund says any pickup in Australian...
The export climate index remains elevated.
Japan’s exports grew 14% over a year earlier in October on...
Michel Barnier during his speech in Brussels, Nov 20, said: Britain would lose its “passporting” rights to let banks automatically do business in the EU after it leaves in March 2019.
European Union Brexit chief Michel Barnier said on Monday the...
Nigeria Recovery Fragile
Nigeria’s economy grew 1.4% year-on-year in the third quarter...

Trending

Googleplus