Scout24 will update investors on its review on November 26. Elliot is also pushing Scout24 to ramp up its share buyback program. On Tuesday, Scout24, a German classified listings group stated it would explore options for its autos platform following pressure from activist investor Elliott Management to sell the business. “We have commenced a strategic…
The move is clearly aimed at boosting shareholder returns. On Friday, Sony Corp announced its first-ever major share buyback worth $910 million (100 billion yen). With the news reaching the market, its stock recovered from a hammering from investors who were spooked over its lackluster earnings. Sony’s announcement marked Japan’s second major buyback this week:…
The acquisition is aimed at bolstering Adobe’s Experience Cloud business. In what is stated to be Adobe Systems Inc’s biggest deal in a decade, the U.S. software company disclosed it would be acquiring Magento Commerce, an e-commerce services provider, from private equity firm Permira for $1.68 billion in cash. Following the news, shares of Adobe…
This is the largest spending plan announced by any firm following the historic Republican-led revision of the U.S. tax bill. Following the successful passing of the U.S. tax bill which introduces deep tax cuts for corporates, Apple Inc stated it will open a new campus, as part of a five-year $30 billion U.S. investment plan,…
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