Japanese chemical company Asahi Kasei Corporation made a $1.1 billion (SEK 11.164 billion) takeover bid for Swedish pharmaceutical company Calliditas Therapeutics ( CALT ) AB . The deal offers 208 Swedish krona in cash per share and a concurrent offer for American Depositary Shares, each representing two Shares in Calliditas, for 416 Swedish krona in cash per ADS. The Calliditas board unanimously recommended that shareholders accept the deal.  Asahi Kasei, especially...

FRANKFURT, May 28 (Reuters) - Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals, Europe's largest carmaker said on Tuesday, after talks with Renault to team up on the project collapsed earlier this month. The target is to produce electric vehicles for the European market priced at around 20,000 euros ($21,746), the company...

12:16 PM EDT, 05/28/2024 (MT Newswires) -- James J Jeter, Chief Revenue Officer, on May 24, 2024, sold 5,000 shares in RB Global ( RBA ) for $380,700. Following the Form 4 filing with the SEC, Jeter has control over a total of 26,410 shares of the company, with 23,267 shares held directly and 3,143 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1046102/000095017024064969/xslF345X03/ownership.xml...

12:22 PM EDT, 05/28/2024 (MT Newswires) -- DraftKings ( DKNG ) will see a negative impact from the likely increase of the Illinois sports betting tax, Oppenheimer said Tuesday in note to clients. On Sunday night, the Illinois Senate has passed a budget that includes a tax hike on sports betting companies, according to media reports. The legislation would make...