Shareholders take Akzo Nobel to court to oust Chairman Burgmans
Businessam Staff
May 22, 2017
Akzo Nobel (AKZO.AS) shareholders angered by the Dulux owner’s rejection of a 26.3 billion euro ($29.5 billion) takeover offer from U.S. rival PPG Industries (PPG.N) took their fight to an Amsterdam court on Monday. Activist hedge fund Elliott Advisors, supported by several long-term institutional investors, asked the Amsterdam Enterprise Chamber to order an investigation into […]
How Nigerian oilman Igho Charles Sanomi II built a commodities trading giant
Businessam StaffMay 20, 2017
As we sit down for dinner in downtown Dubai, Nigerian oilman Igho Sanomi is upbeat. Alternating between sips of water and bits of mixed nuts he picks out of an espresso-sized nut cup, Sanomi is telling jokes at the table to a dozen guests, mostly his own employees. He then continues to engage, in very […]
Japan government investors tell Toshiba of plan to join chip unit bidding: sources
Businessam StaffMay 19, 2017
Two Japanese government-backed investors have formally informed Toshiba Corp (6502.T) of their intention to take part in bids for its prized flash memory chip business, sources familiar with the matter said. State-backed fund Innovation Network Corp of Japan (INCJ) and the Development Bank of Japan (DBJ) told the conglomerate of their intention on Friday, said […]