Valueact Capital

4 results

French pharma group Sanofi posted its best day in three years after announcing revamped margin goals a narrower drug focus. Photograph: Philippe Wojazer/Reuters
Sanofi and hopes for US-China trade talks help markets

European shares fell for a second day running on Tuesday, but a 6 per cent jump in drugmaker Sanofi and a report that US and Chinese officials are pla(...)

A unit of activist hedge fund Elliott Management now holds more than $1 billion (€810 million) of shares in three key affiliates of South Korea’s Hyundai Motor Group, and said more needs to be done to reform the company
Activist investor boosts hopes for change at South Korean auto giant Hyundai

A unit of activist hedge fund Elliott Management now holds more than $1 billion (€810 million) of shares in three key affiliates of South Korea’s Hyun(...)

Shares of Botox maker Allergan jumped 15% after unorthodox takeover by Canadian company Valeant was announced. Photograph: Jonathan Alcorn/Bloomberg
Bid for Botox maker injects more life into growing merger trend among drugmakers

The pharmaceutical industry is regaining its swagger, as companies turn to big and sometimes daring deals to expand and reshape their operation(...)

The Steinway & Sons piano zone at the Luxury China 2013 exhibition in June in Beijing. Photograoh: Feng Li/Getty Images
Steinway agrees to be bought by Kohlberg & Co in a $438m cash deal

Grand piano maker Steinway Musical Instruments has agreed to be bought by private equity group Kohlberg & Co in a $438 million cash deal for the 1(...)