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PRESS DIGEST- Wall Street Journal - Oct 15
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PRESS DIGEST- Wall Street Journal - Oct 15
Oct 17, 2024 12:32 PM

Oct 15 (Reuters) - The following are the top stories in

the Wall Street Journal. Reuters has not verified these stories

and does not vouch for their accuracy.

- Fuji Soft said it would consider Bain Capital's

tender offer of $63.10 per share, which is 7% higher than the

private-equity firm KKR's offer.

- Starbucks ( SBUX ) is pulling back on promotions and

discounts, an early move by Brian Niccol, the new chief

executive officer, to reposition the coffee chain after a

turbulent year.

- Mulberry Group said its majority shareholder,

Challice Limited, rejected a offer from Frasers Group ( SDIPF )

to take full ownership of the British luxury brand for $94.1

million.

- Phillips 66, the Houston-based oil refiner, said

on Monday it would sell 49% stake in Coop Mineraloel to its

Swiss joint venture partner for about $1.4 billion.

(Compiled by Bengaluru newsroom)

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