Alps Electric Co stock
jumped 8 percent on Monday after the firm promised a share
buyback of about 40 billion yen ($353 million) to win support
for an acquisition - a pledge backed by Elliott Management, a
stakeholder in both suitor and target.
Agreeing a Brexit deal with the
European Union may have been the easy part for British Prime
Minister Theresa May. Getting it through a divided parliament at
home could be an altogether tougher battle.
Norway's DNO has offered
to buy Faroe Petroleum for 152 pence per share in cash,
valuing the London-listed company at 607.9 million pounds
($779.81 million), DNO, which already owns just over 28 percent
of Faroe, said on Monday.
The chairman of National
Australia Bank Ltd said at an inquiry into sector
misconduct that it would take a decade to fix the profiteering
culture that has shredded the reputation of the lender and the
broader financial industry.
Some senior British ministers and
some Labour lawmakers are discussing the possibility of the
United Kingdom joining the European Free Trade Association
(EFTA) if Theresa May's Brexit deal is rejected by parliament,
The Sun newspaper reported.