PPG says Akzo offer good for staff, shareholders

U.S. paint maker PPG Industries said on Wednesday that its takeover bid for Akzo Nobel would benefit shareholders and staff after its Dutch rival rejected its 22.7 billion euro ($24.5 billion) offer as too low and too risky.

Hyundai Heavy shareholders OK spinoff plan amid labor union opposition

Shareholders of Hyundai Heavy Industries Co., South Korea’s major shipbuilder, gave the green light on Monday to the company’s overhaul scheme to split the troubled shipbuilder in an effort to regain financial health amid strong opposition from the labor

Genco Raises USD 125 Mn by Selling Shares

Dry bulk specialists Genco Shipping & Trading Limited has entered into an agreement with three of its largest shareholders for the purchase of up to USD 125 million of Series A Preferred Stock.

BP Settles Class Action

BP has agreed to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

UASC shareholders to vote on Hapag-Lloyd merger on 2 June

United Arab Shipping Co (UASC) shareholders are set to vote on a merger with Hapag-Lloyd on 2 June.Hapag-Lloyd...

Noble's shareholders overwelmingly approve its accounts

Noble Group’s shareholders overwhelmingly voted to approve the company’s accounts on Friday, following recent allegations of improper accounting. ...

Shareholders force cancellation of $2.5bn Samsung merger

The merger of Samsung Heavy Industries (SHI) and Samsung Engineering has been cancelled as shareholders in both...