Tag: companyNews

UPDATE 1-German cabinet tightens rules to fend off foreign takeovers

BERLIN (Reuters) – Germany has lowered the threshold for launching security probes of stake purchases by non-European entities to protect critical infrastructure, a government official said on Wednesday, in a push to fend off unwanted takeovers by Chinese investors. Chancellor Angela Merkel’s cabinet agreed to lower the shareholding threshold at which Berlin can intervene in […]

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UPDATE 1-Third Canadian detained in China, Canadian media says, citing ministry

BEIJING (Reuters) – A third Canadian citizen has been detained in China, Canada’s National Post newspaper reported on Wednesday, citing the Canadian foreign ministry. China’s foreign ministry spokeswoman, Hua Chunying, told a daily news briefing in Beijing that she was unaware of the report. Two Canadians – former diplomat Michael Kovrig and businessman Michael Spavor […]

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UK competition watchdog puts Thermo Fisher-Roper deal under the microscope

Dec 19 (Reuters) – Britain’s competition watchdog said on Wednesday Thermo Fisher Scientific Inc’s $925 million acquisition of Roper Technologies Inc’s unit Gatan raised concerns that prices of specialist microscopes could go up and quality could decline. U.S.-based Thermo Fisher – the world’s largest maker of scientific instruments – said in June it would buy […]

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UPDATE 2-China’s CNOOC to boost exploration spending, signs strategic deals

(Recasts; adds analyst comment on new exploration deals) BEIJING/SINGAPORE, Dec 19 (Reuters) – China’s CNOOC Ltd indicated a renewed commitment to oil and gas exploration on Tuesday as its chairman said it would raise spending to a record while signing strategic exploration agreements with nine firms for the South China Sea. The strategic agreements cover […]

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