Vodafone, easyJet, Shein among top global corporate stories last week

M&A · PartnershipCorporate ActionIndustry
โดย Seeking Alpha·Read original
Summary · why it matters

Global stock indexes mostly fell last week amid tech weakness and an uncertain macroeconomic outlook. The S&P 500 and Nasdaq rose 0.7% and 1.4%, while the Dow fell 1.1%. European equities ended 1.4% lower, with London's FTSE 100 down 1.5%, Germany's DAX down 2.8%, and France's CAC down 2%. In major corporate news, UAE telecoms operator e& Group agreed to sell its entire stake in Vodafone to a company owned by French telecoms tycoon Xavier Niel for $5.95 billion, making him Vodafone's largest shareholder. British low-cost airline easyJet agreed in principle to a £5.7 billion takeover offer from Apollo Global Management's Apollo Management X. Chinese online fashion retailer Shein received approval to proceed with a planned initial public offering in Hong Kong.

Impact on stocks 6

Industrials · 1 stocks
EasyJet PLC
EZJ
▲ PositiveCapitalrelevance

easyJet agreed in principle to a £5.7 billion takeover offer from Apollo Global Management.

Cloud & Digital Infrastructure · 1 stocks
Vodafone Group PLC
VOD
▲ PositiveCapitalrelevance

e& Group agreed to sell its entire stake in Vodafone to Xavier Niel for $5.95 billion, making him largest shareholder.

Semiconductors · 1 stocks
Artificial Intelligence · 1 stocks
Biotech & Genomic Medicine · 1 stocks
Financials · 1 stocks

Off-coverage companies 1

Shein Group LimitedPrivate▲ Positive
Capitalrelevance

Shein received approval to proceed with a planned IPO in Hong Kong.