Business

Morrisons leaps after rejecting $7.6 bln private equity bid

Morrisons (MRW.L) shares surged as much as 35% on Monday on hopes that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) might raise its proposed offer for the British supermarket group or flush out other bidders.

Boral sells U.S. products business after rejecting Seven bid

Australia’s Boral Ltd (BLD.AX) said it would sell its North American building products business to a unit of NYSE-listed Westlake Chemical Corp (WLK.N) for $2.15 billion, throwing a spanner in the works of a takeover bid by Seven Group (SVW.AX).

EU measures to ‘tighten thumbscrews’ on Belarus

The European Union will impose travel bans and asset freezes on 86 Belarusian individuals and companies on Monday and is preparing economic sanctions that Austria said would “tighten the thumbscrews” on President Alexander Lukashenko.

Volvo Car partners with Northvolt to develop and produce batteries

Volvo Car Group, owned by China’s Geely Holding (GEELY.UL), announced plans on Monday for a joint venture with Swedish battery maker Northvolt to develop sustainable batteries for its electric cars and set up a gigafactory for production.

Morrisons leaps after rejecting $7.6 bln private equity bid

Morrisons (MRW.L) shares surged as much as 35% on Monday on hopes that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) might raise its proposed offer for the British supermarket group or flush out other bidders.

Boral sells U.S. products business after rejecting Seven bid

Australia’s Boral Ltd (BLD.AX) said it would sell its North American building products business to a unit of NYSE-listed Westlake Chemical Corp (WLK.N) for $2.15 billion, throwing a spanner in the works of a takeover bid by Seven Group (SVW.AX).

EU measures to ‘tighten thumbscrews’ on Belarus

The European Union will impose travel bans and asset freezes on 86 Belarusian individuals and companies on Monday and is preparing economic sanctions that Austria said would “tighten the thumbscrews” on President Alexander Lukashenko.

Volvo Car partners with Northvolt to develop and produce batteries

Volvo Car Group, owned by China’s Geely Holding (GEELY.UL), announced plans on Monday for a joint venture with Swedish battery maker Northvolt to develop sustainable batteries for its electric cars and set up a gigafactory for production.

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