Sept 6 (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.
- Seven & i Holdings ( SVNDF ) has rejected an offer by
Canada's Alimentation Couche-Tard ( ANCTF ), saying that the near
$39 billion deal undervalued the 7-Eleven convenience store
operator.
- Republican presidential candidate Donald Trump outlined a
suite of economic proposals in a speech on Thursday, including
formally introducing a government efficiency commission to be
headed by billionaire Elon Musk, cutting the corporate tax rate
to 15% for companies that make products in the U.S. and creating
a sovereign-wealth fund.
- Cleveland-Cliffs ( CLF ) came out in support of U.S.
President Joe Biden's reported decision to block the $14.1
billion acquisition of U.S. Steel by Japan's Nippon Steel ( NISTF )
and said it would be open to acquiring assets from its
rival steelmaker.
- Salesforce ( CRM ) agreed to buy Own Company, a data
protection and data management business, for about $1.9 billion
in cash, net of the value of the roughly 10% stake currently
owned by Salesforce ( CRM ).
- Bank of America ( BAC ) is investigating allegations
that bankers in Asia shared nonpublic information with investors
before the bank sold hundreds of millions of dollars worth of
stock.
- Red Lobster's parent company said Thursday that it has
received court approval for its Chapter 11 bankruptcy plan,
under which the chain would be sold to funds managed by
affiliates of Fortress Investment Group, as well as co-investors
TCW Private Credit and Blue Torch Capital.
(Compiled by Bengaluru newsroom)