Ex-Porsche SE Chief Financial Officer Holger Haerter’s lawyer attacked claims that a March 2009 e-mail to BNP Paribas SA’s central credit committee may have influenced the bank’s decision to back part of a 10 billion-euro ($12.9 billion) loan.
Elliott Management Corp. took a significant stake in NetApp Inc., pressing the data-storage company to change its board and study options to boost shareholder value, people familiar with the situation said.
Southeastern Asset Management Inc., the money manager that is the largest outside investor of Dell Inc., said it exercised 25 million call options in the computer maker, giving it more shares to vote in the upcoming fight over the company’s future.
Arrowgrass Capital Partners LLP is opposing Freeport-McMoRan Copper & Gold Inc.’s takeover of Plains Exploration & Production Co. after amassing a stake in the energy company, according to a person with direct knowledge of the matter.
Traders are buying the largest amount of bearish options on Hindustan Unilever Ltd. in three months to hedge against declines in a stock that surged 17 percent following a Unilever Plc offer to raise its stake.
European stocks rose, pushing the Stoxx Europe 600 Index toward its longest streak of monthly gains since 1997, as Italy formed a new government and as U.S. consumer spending unexpectedly increased in March.
Fiat SpA, the majority owner of U.S. automaker Chrysler Group LLC, may have to pay more than its $139.7 million offer in a call option for shares being bought from the United Auto Workers’ retiree health-care trust, a judge suggested in court today.
Credit Suisse Group AG and Texas- based Lone Star Funds will pay 6.7 billion euros ($8.7 billion) for the assets of Royal Park Investments SA, a vehicle set up to manage toxic assets of failed Belgian bank Fortis.