Volvo to Switch to Electric, in First for Major Auto Firm
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Volvo will become the first major auto maker to abandon the conventional car engine-technology that has powered the industry for more than a century. All new Volvo models from 2019 would be either fully electric or a hybrid.
Vocus to Open Books to Suitor KKR
Vocus Communications has agreed to open its books to private-equity suitor KKR & Co., which has pitched a takeover offer worth about $1.66 billion.
J.P. Morgan Returns to Dealmaking With Approach for Worldpay
J.P. Morgan made a preliminary approach for U.K. payments business Worldpay, potentially marking one of the biggest deals the U.S. bank has done since the financial crisis.
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Prosecutors in Martin Shkreli Trial Seek Gag Order
Federal prosecutors in Brooklyn have asked a judge to prevent Martin Shkreli from making public commentary about his ongoing securities-fraud trial, saying the high-profile defendant had "embarked on a campaign of disruption" and was "making a spectacle of himself and the trial."
KKR Credit Advisors Looks at Buying Australia's Pepper Group
KKR has set its sights on Australia's niche shadow banking sector, pitching an offer of about US$498.1 million for listed non-bank lender Pepper Group.
Monogram Residential to Be Acquired by Greystar Star-Led Group
Monogram Residential Trust Inc. said Tuesday it agreed to be acquired by Greystar Growth and Income Fund LP, an investment group led by Greystar Real Estate Partners LLC.
Italy Formally Takes Control of Monte dei Paschi
The Italian government took control of Banca Monte dei Paschi di Siena, injecting $6.1 billion into the troubled lender as part of a broad plan to bring one of Europe's weakest banks back to health.
Why J.P. Morgan May Be Getting Its Deal Making Game On
A possible J.P. Morgan bid for U.K. firm Worldpay comes as the payments sector has been a hive of activity in recent years and is seen as ripe for consolidation.
Activists May Spoil Clariant and Huntsman's Chemical Romance
Two New York investors have teamed up to overturn the "merger of equals" planned between chemical companies Huntsman and Clariant.
Clariant, Huntsman Deal Under Threat From Activist Investors
Clariant's bid to create a $14 billion chemicals giant through a merger with U.S.-based Huntsman has come under attack from a group of the Swiss company's largest shareholders who are pushing to derail the transaction.
(END) Dow Jones Newswires
July 05, 2017 05:16 ET (09:16 GMT)