Pfizer shareholders may finally get the bargain of their dreams in Seagen.

The cancer drug maker's innovative approach makes it an attractive acquisition candidate for a pharmaceutical behemoth. According to reports, pharmaceutical giant Pfizer Inc. is negotiating an acquisition that would please the company's investors. The Wall Street Journal reported last nig...

Australia to make permanent company laws, allowing meetings to be held virtually

Australia has made permanent rules to hold virtual shareholder meetings and electronically distribute documents during the COVID-19 pandemic.

Highlights

• Australia to hold shareholder meetings virtual permanently
• These temporary measures were...

Twitter agrees to pay $809.5 million, to settle lawsuit regarding misleading of investors

Highlights
• Twitter said it is ready to pay $809.5 million, to settle an action  lawsuit

• In September 2016 the shareholders sued the company for

On Monday, Twitter said it is ready to pay $809.5 million, in order to settle an...

TOSHIBA EXCLUDES 2 BOARD MEMBERS FROM UPCOMING SHAREHOLDER MEETING

Highlights –

• Toshiba excludes 2 board members from upcoming shareholder meeting.
• Toshiba fend off activist foreign investors in the company's general shareholders' meeting.
• The total number of nominees now comes to 11 from 13....

LG ELECTRONICS TO SPLIT EV COMPONENTS BUSINESS WITH MAGNA INTERNATIONAL

Highlights –

• LG Electronics to split EV components business with Magna International.
• LG Electronics plans to set up a joint venture with the Canadian auto parts maker to secure the business.
• LG Electronics shareholders passed the pro...

OOTOYA RESHUFFLED ITS MANAGEMENT AFTER COLOWIDE’S SUCCESSFUL TAKEOVER BID

Highlights –

• Ootoya reshuffled its management after Colowide’s successful takeover bid.
• Ootoya’s shareholders approved Colowide’s request to dismiss 10 of 11 board members.
• Seven new directors were appointed by the s...

ARABTEC SHAREHOLDERS ON VERGE OF LIQUIDATING FIRM

HIGHLIGHTS

• Arabtec Holding investors have approved the leading group of the Dubai-construction organization to file a petition for liquidation because of its unsound budgetary position following the aftermath from the COVID pandemic, an inward organization email...

SUMITOMO MITSUI AND MIZUHO REPORT VOTE COUNTING OF SHAREHOLDERS MEETING MISHANDLED

Highlights –

• Sumitomo Mitsui and Mizuho report vote counting of shareholders meeting mishandled.
• Over 1,346 firms in Japan faced the problem.
• Mitsui will consult over possible compensation for the mishandling of votes.
• Japa...

HDFC BANK FACES CLASS-ACTION LAWSUIT FROM TWO U.S.-BASED LAW FIRMS

On the allegations of issuing materially misleading business information to its investors, two U.S.-based law firms have announced independent investigations to build securities-fraud class-action lawsuits against India’s largest private sector lender HDFC Bank Ltd. These two firms are Scha...

Q1 RESULTS HELP INFOSYS EARN RS 50,000 CRORE FOR SHAREHOLDERS IN JUST 1 HOUR

Highlights

• Shares of Infosys went up by 15% to a new high of Rs 952 on the BSE

• Infosys was successful in securing deals worth $1.74 billion in the period of COVID-19 pandemic

• The revenues of the company went up to Rs 23,665 crore with a growth of...

LUFTHANSA OFFERED $10 BILLION BY GERMAN GOVERNMENT

Highlights –

• The German government offers Lufthansa coronavirus bailout money.
• Lufthansa offered $10 billion.
• Lufthansa shares had fallen as much as 8.8% earlier in the session.
• Heinz Thiele owns 15.5% shares of the airline...

KT CORP. TO BE DECLEARED AS MAJORITY SHAREHOLDER FOR ONLINE K-BANK

Highlights –

• Online only K-Bank stops lending due to shortage of funds, business down
• KT CORP. attempt to increase its stake in K bank has so far been futile, even after investing
• National Assembly, on Wednesday, gave the green light...

SOUTH KOREAN COMPANIES TO DELAY FINANCE REPORTING – COVID-19

Highlights –

• One or two months extension for finance report submission
• Shareholders meeting also pushed back
• Other countries following the same step

Many publicly trading companies on the Korean bourse will be pardo...

ALEXIUM INTL AND THE STOCKS

The stock market is one kind of market. Here the price of shares rises and falls in minutes and even seconds. This market could become a lucky charm for someone regarding wealth but also a deep dungeon of losses for someone else. So the mainstream idea about the stock market is that it is the mar...

Shareholders to challenge Reliance Industries Limited at National Company Law Tribunal

Reliance Industries Ltd (RIL) holds 99.95 per cent stake in Reliance Retail. About 35 lakh equity shares are accessible in the unofficial market for unlisted stocks.

Several brokers and retail shareholders from the unlisted market have decided to challenge Reliance Industries’ sha...

The BAIC of China raising Daimler's stake to unseat Geely as its biggest investor says

BEIJING / FRANKFURT – Daimler's largest China joint venture company, BAIC Group, has unveiled a campaign to double its share to about 10 percent and gain a board seat in the German carmaker as it seeks to develop Geely, two sources told Reuters.

BAIC is the third-largest share...