Walgreens Boots is in talks for a sale to Sycamore Partners, while Domino’s bids for Wingston’s UK franchise. In a significant move, a federal judge blocked Kroger's $24.6bn merger with Albertsons, favoring antitrust regulators. Meanwhile, Evergrande's liquidation efforts face challenges as its assets are primarily in mainland China, complicating recovery for investors.
Global stocks continue to rise, with the MSCI World index achieving its sixth consecutive all-time high, closing up 1.2% for the week and showing a 21.60% gain for 2024 so far. UBS CEO Sergio Ermotti warns that potential tariff increases and geopolitical tensions could heighten market volatility, advising clients to diversify amid the uncertain economic landscape. Despite these risks, he notes that inflation appears controlled and consumer resilience remains strong.
Baloise is restructuring its Board of Directors amid pressure from activist investor Cevian, with two members departing and three new members joining, including Belgian Vincent Vandendael, who brings extensive international experience in insurance and reinsurance. The changes aim to enhance the board's expertise in insurance technology and underwriting.
Baloise will expand its Board of Directors next year, increasing the number from nine to ten members. Christoph Gloor and Hans-Jörg Schmidt-Trenz will not seek re-election, with André Helfenstein and Vincent Vandendael proposed as replacements. Cevian, the largest shareholder, will be represented by Robert Schuchna, as the company aims to enhance its expertise in insurance and finance through a new "refocusing" strategy.
Baloise will expand its Board of Directors from nine to ten members, with André Helfenstein and Vincent Vandendael replacing Christoph Gloor and Hans-Jörg Schmidt-Trenz, who are not seeking re-election. Robert Schuchna will represent major shareholder Cevian, which holds nearly 10% of the company. This restructuring aims to enhance the company's insurance and financial expertise as part of a refocusing strategy to develop new services and strengthen its core business in European markets.
Baloise will expand its Board of Directors next year, increasing the number of members from nine to ten. Christoph Gloor and Hans-Jörg Schmidt-Trenz will not seek re-election at the General Assembly on April 25, 2025, with André Helfenstein and Vincent Vandendael proposed as their replacements. Additionally, Robert Schuchna from major shareholder Cevian will join the board, reflecting the company's strategy to enhance its expertise in insurance and finance.
Baloise will expand its Board of Directors from nine to ten members, with André Helfenstein and Vincent Vandendael replacing Christoph Gloor and Hans-Jörg Schmidt-Trenz, who are not seeking re-election. Robert Schuchna will represent major shareholder Cevian, which holds nearly 10% of the company. This restructuring aims to enhance the company's insurance and financial expertise as part of a refocusing strategy to develop new services and strengthen its core business in European markets.
International Gemmological Institute (IGI) India Ltd has set its IPO price band at Rs 397-417 per share, aiming to raise Rs 4,225 crore. The IPO opens for subscription on December 13 and closes on December 17, with stock listing expected on December 20. Proceeds will fund the acquisition of IGI Belgium and IGI Netherlands from the promoter, BCP Asia II TopCo Pte Ltd.
The global healthcare analytics market is poised for significant growth post-COVID-19, driven by increased venture capital investments and a focus on improving patient outcomes. Key segments include hardware, software, and services, with applications spanning financial, clinical, and operational analytics. Major players in the field include Allscripts, Cerner, and IBM, among others.
The Dominican Republic has reported its largest cocaine seizure to date, uncovering approximately 9.5 tons of the drug hidden in a banana shipment at a port in Santo Domingo. Authorities found 320 bags containing around 9,528 kilograms of cocaine, valued at $250 million, which had arrived from Guatemala. This record seizure highlights the Caribbean's resurgence as a key trafficking route for cocaine destined for Europe, driven by increasing demand.
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