Cobas says US hedge fund’s bid for group significantly undervalues

Shareholders have been agitating for an overhaul of Swiss-Irish baked goods firm

Baked goods group’s troubled North American unit likely to be high on list for disposal

Company says discussions with Elliott Advisors have concluded without binding offer

Baking company has been approached by almost 20 parties interested in business

Run of negative news drags European bourses into red

Centre of power of beseiged Swiss-Irish bread-maker shifted from Dublin to Zurich

CEO Kevin Toland’s pay package falls more than 50% to €2 million

Newly-installed chairman opposes selling group at this point

UK financial institutions struggle after Bank of England’s negative rates talk

Shareholders’ choice of Urs Jordi leaves the food giant’s sale to Elliott up in the air

Markets report: Mixed fortunes for airlines, while US tech giants fall again

Andreas Schmid’s appointment was set to be challenged by dissident shareholders at egm

Iseq all-share index closed 0.42% higher on the day

Markets report: Most European sectors end in negative territory

‘No certainty’ that discussions will result in offer for embattled baked goods group

Trump backer triggers queasy reaction as his vehicle warms up for social media showdown

Deal expected to close in mid-2020 when LogMeIn becomes a privately held company

Concert ticket reseller has agreed a $4 billion buyout of US rival StubHub from eBay

German Dax rises to six-week high as Iseq falls by almost a third of 1% on thin trading volumes

US listed book retailer will be taken private by hedge fund Elliott for €420m

Italian football club seeks to raise €150m after paying €100m for Portuguese striker

Cevian reveals stake as AllianceBernstein analysts say materials giant has ‘lost its way’

Little chance of State recouping even a small part of the €34.7bn it pumped into banks

Paul Singer’s Elliott Management wants Pernod Ricard to save €500m a year

Firm wins support from investors after making changes to original $21bn offer in July

Activist investor is seeking return of excess capital to shareholders

Activist investor looks to block a proposed plan by the computer maker to return to the public market without an IPO

Accessories business could join a growing number of big names to scale back on stores

Serie A has not witnessed a transfer coup of Ronaldo’s magnitude since the arrival of the Brazilian Ronaldo at Inter in 2002

Dell is trying to convince investors to back a deal that would take the company public

UK shopping centre landlord part owns the Dundrum Towncentre and has other Irish assets

Cantillon: Bookseller plots expansion under new owners – and in Amazon’s shadow

Trading remains cautious as tensions between western powers and Russia persist

Miner’s decision to exit underperforming business likely to please shareholders

Passive investing, whereby fund managers simply track indices, ‘ is unsustainable and brittle’ Singer says

S&P 500 companies’ profits estimated to have risen 10.4% in first quarter of 2017

Payout to investors for this year will include a €1 bn special dividend

In Dublin, Bank of Ireland remained weak in line with other financials

South Korean tech giant said it will increase dividends as it contemplates restructuring