Anglo Rejects BHP's $39 Billion Bid

The London-listed mining giant said the bid "significantly undervalues" the company, setting the stage for a potential bidding war. 


 
CVC Soars in of Amsterdam Trading Debut

CVC shares rose 24% on the first day of trading on Amsterdam's stock exchange, after the buyout firm priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion. 


 
Thoma Bravo to Buy U.K. Cybersecurity Firm Darktrace

Private equity firm Thoma Bravo said it plans to buy Darktrace in a cash deal that values the U.K. cybersecurity company at around $5 billion. 


 
ByteDance Says It Won't Sell U.S. TikTok Business

The Beijing-based company said that foreign-media reports that it is exploring the sale of TikTok "are untrue." 


 
TotalEnergies Plans $2 Billion Buyback After Profit Beat

TotalEnergies reported higher-than-expected profits in the first three months of the year and said it would buy back $2 billion of shares this quarter. 


 
Remy Cointreau Lifted by China Improvement

Remy Cointreau posted fourth-quarter sales slightly ahead of views, as it saw a better-than-expected performance in China, but continued to destock in the U.S. 


 
Microsoft CEO to Visit Southeast Asia With AI on Agenda

Satya Nadella will meet officials in Indonesia, Thailand and Malaysia next week, as the tech titan is betting on generative AI for long-term growth. 


 
Chinese Financial Services Shares Gain on Consolidation Hopes

Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy another smaller firm. 


 
Google Sales Accelerate as Ad, Cloud Businesses Hold Up Amid Costly AI Push

Parent company Alphabet reported $80.5 billion in first-quarter revenue, a 15% increase from a year earlier, as the company said it plans to pay a cash dividend to investors for the first time. 


 
Intel's earnings forecast fails to clear low bar, and the stock's drop continues

Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street's expectations.


(END) Dow Jones Newswires

04-26-24 0515ET