Group of Japanese firms may join Toshiba buyout bidder

By teaming up with domestic companies to buy Toshiba Corp, Tokyo-based fund, Japan Industrial Partners, hopes to gain advantage over other bidders, including U.S. investment fund Bain Capital. |   REUTERS

A Japanese investment fund seeking to buy out Toshiba Corp. is asking a group of Japanese companies to join hands to clear the second round of bidding for the troubled conglomerate, people close to the matter said Sunday. By teaming up with domestic companies, the Tokyo-based fund, Japan Industrial Partners, could gain an advantage over

Judge slams Elon Musk for not handing over texts in Twitter fight

U.S. judge, Kathaleen McCormick permitted Tesla CEO Elon Musk to amend his complaint against Twitter on Wednesday, but rejected delaying the lawsuit over the disintegration of the billionaire's deal to acquire the social media company.  | AFP-JIJI

A judge sharply criticized Elon Musk for not properly turning over text messages that could be evidence in Twitter’s lawsuit seeking to force the billionaire to complete his proposed $44 billion buyout of the social-media platform. Delaware Chancery Judge Kathaleen St. Jude McCormick said in a Wednesday ruling there there were “glaring deficiencies” in how

Sapporo U.S.A. to acquire Stone Brewing as it moves to speed up global expansion

Stone Brewing Co.'s Escondido Brewery in California | SAPPORO BREWERIES

Sapporo U.S.A., a subsidiary of the major Japanese beer-maker, on Friday announced a $168 million acquisition of Stone Brewing, an iconic U.S. craft brewery. The acquisition, slated to close in August, will create “strength and growth potential for both brands,” the companies said in a statement. Sapporo’s move is part of the company’s efforts to

Toshiba director opposes board nominees from Elliott and Farallon

Under criticism that it was ignoring the wishes of shareholders, Toshiba last month nominated to its board Eijiro Imai and Nabeel Bhanji to represent activist investors Farallon and Elliott. | AFP-JIJI

A Toshiba Corp. outside director opposed the nominations of two directors representing the company’s activist investors, suggesting possible conflict ahead in what has become a litmus test for corporate governance in Japan. Mariko Watahiki, a former Nagoya High Court chief justice, opposed the nomination of directors from Elliott Capital Advisors LP and Farallon Capital Management

France’s Macron Bets on Nuclear Power to Fight Climate Change

France’s Macron Bets on Nuclear Power to Fight Climate Change

Mr. Macron is trying to counter opponents of nuclear energy who have actually argued the technology isnt safe and is too expensive to be part of the option to the climate crisis. Throughout the Rhine, Germany is in the procedure of shutting down all its nuclear reactors. ” We are now convinced, and I believe

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