Aug 26 (Reuters) - Media veteran Edgar Bronfman Jr pulled out of the race to take control of Paramount Global ( PARAA ) , he said on Monday. Bronfman's bid relied on participation of high net worth individuals, who were uncomfortable sharing their personal financial information with the Paramount special committee and its advisors, a source close to the matter...

FRANKFURT (Reuters) - Deutsche Bahn's logistics unit Schenker has collected final bids from a consortium led by CVC Capital Partners and Danish transport firm DSV that value the business at around 14 billion euros ($15.57 billion), two people familiar with the matter told Reuters. The CVC consortium also submitted an option that could see the German government reinvest with a...

04:44 AM EDT, 08/23/2024 (MT Newswires) -- CSX (CSX) said late Thursday it has reached tentative five-year labor agreements with the International Association of Sheet Metal, Air, Rail and Transportation Workers - Mechanical Division and the American Train Dispatchers Association. The agreements need approval from the unions' members. These agreements mirror the terms of the agreements recently reached with our...

MELBOURNE (Reuters) -BHP Group will focus on growing its copper business through existing and incoming projects after its failed attempt to buy Anglo American, it said as it reported a better-than-expected 2% rise in annual underlying profit. The world's biggest listed miner is pushing hard to expand in copper, given the commodity's outsize role in the energy transition and a...