Funding & Business
Fujitec Shares Slump as EQT Plans Tender Offer at Discount
Fujitec Co.’s shares plunged as much as 9.7%, the most in more than seven years, after Swedish investment firm EQT said it would launch a tender offer for the Japanese elevator maker at a discount to its most recent closing price.
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StubHub Holdings Inc. is pricing its initial public offering at the midpoint of a marketed range, according to people familiar with the matter.
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The record-breaking rally in Asian stocks is set to come under increasing pressure as Donald Trump’s tariff hikes start to sap earnings, some of the region’s biggest funds say.
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Nell Minow, vice chairman of ValueEdge Advisors, says efficient markets depend on robust information and companies should report earnings every six months to meet shareholder demand. She speaks with Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)
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