German Chancellor Angela Merkel’s plan to rule with the Social Democrats over the next four year’s gained a surprise jolt this weekend as her Christian Democratic Union party’s industry supporters and a group of young party members attacked her prospective coalition deal.
AMC Entertainment Holdings Inc., the U.S. movie chain controlled by China’s richest man, plans to raise as much as $368 million in an initial public offering that would value the company at up to $1.9 billion.
China’s move to end a 14-month ban on initial public offerings and allow the sale of preferred shares led to a rally in financial stocks as investors bet the measures will boost fees for brokerages and ease banks’ funding.
Oi SA, the second-worst performing telecommunications service provider in Latin America this year, is open to further consolidation in Brazil as it merges with Portugal Telecom SGPS, Chief Executive Officer Zeinal Bava said.
Bumi Plc shareholders should oppose a planned $501 million deal to separate the coal producer from Indonesia’s Bakrie family, said Pensions & Investment Research Consultants Ltd., a U.K. adviser to institutional investors with more than 1.5 trillion pounds ($2.4 trillion) in assets.
Billionaire Paul Singer almost doubled his stake in Celesio AG in the past week in a sign he may try to extract a higher price for his holding as McKesson Corp. seeks to acquire the German drug distributor.
Tele2 AB, Sweden’s second-largest telecommunications carrier, may be tempting Asia’s richest man with the chance to expand in Europe as the company’s controlling shareholder concentrates on faster-growing Internet investments.