Mergers and acquisitions
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Business
Schneider Electric shares plunge on record $22.6bn PTC deal
French energy technology group Schneider Electric has signed a definitive agreement to acquire Boston-based PTC for $22.6bn (€20.1bn) to expand its industrial AI business. The French company's shares plummeted on Monday following the announcement.
Business
French EDF Energy in talks to acquire smaller British rival So Energy
France's EDF Energy is reportedly in discussions to buy So Energy, the smaller British supplier whose Irish parent company has put it up for sale, in a deal that would add to a renewed wave of consolidation among UK gas and electricity retailers.
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Business
Sky agrees to buy British broadcaster ITV for up to £1.6 billion
The two British media businesses are set to come under one roof, as ITV has agreed to sell its broadcasting and streaming business to Sky for up to £1.6bn (€1.87bn), in a deal that would create a major new competitor to global streaming platforms.
Business
The Ray-Ban heir who wants to buy out his own family from the brand
An heir to the Ray-Ban fortune has gone public with a direct appeal to his family's holding company, urging it to support his multi-billion-euro plan to buy out two of his siblings just days before a decisive shareholder vote.
Business
Germany blocks UniCredit bid for Commerzbank but the share price soars
The federal government, which holds 12% of the shares, has rejected the Italian bank’s bid for the German lender, calling it aggressive and hostile. UniCredit soars on the stock market as the Frankfurt prosecutor investigates alleged market manipulation.
