Wall Street Journal - Sept 6
Sept 6 (Reuters) -The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Seven & i Holdings 3382.T has rejected an offer by Canada's Alimentation Couche-Tard ATD.TO, saying that the near $39 billion deal undervalued the 7-Eleven convenience store operator.
- Republican presidential candidate Donald Trump outlined a suite of economic proposals in a speech on Thursday, including formally introducing a government efficiency commission to be headed by billionaire Elon Musk, cutting the corporate tax rate to 15% for companies that make products in the U.S. and creating a sovereign-wealth fund.
- Cleveland-Cliffs CLF.N came out in support of U.S. President Joe Biden's reported decision to block the $14.1 billion acquisition of U.S. Steel X.N by Japan's Nippon Steel 5401.T and said it would be open to acquiring assets from its rival steelmaker.
- Salesforce CRM.N agreed to buy Own Company, a data protection and data management business, for about $1.9 billion in cash, net of the value of the roughly 10% stake currently owned by Salesforce.
- Bank of America BAC.N is investigating allegations that bankers in Asia shared nonpublic information with investors before the bank sold hundreds of millions of dollars worth of stock.
- Red Lobster's parent company said Thursday that it has received court approval for its Chapter 11 bankruptcy plan, under which the chain would be sold to funds managed by affiliates of Fortress Investment Group, as well as co-investors TCW Private Credit and Blue Torch Capital.
(Compiled by Bengaluru newsroom)
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