• Reuters

    Fuji Soft founding family affirms support for Bain's $2 billion hostile takeover bid

    The founding family of Japanese IT firm Fuji Soft on Wednesday reiterated its support for a takeover bid by private equity firm Bain Capital that is opposed by Fuji Soft's board, it said in a statement jointly released with Bain. Amid a bidding war with rival private equity giant KKR, Bain last week offered 9,600 yen per share, 1.6% more than KKR's 9,451 yen bid, and on Wednesday went hostile after Fuji Soft's board rejected the higher offer and supported KKR's.

  • Reuters

    Australia's ANZ says CEO forfeited bonus amid shareholder angst

    SYDNEY (Reuters) -The CEO of Australia's No. 4 bank ANZ gave up a long-term performance bonus worth A$3.2 million ($2 million) due to shareholder backlash related to bond-trading irregularities that have sparked regulatory investigations, the lender said on Thursday. Shayne Elliott, due to exit as CEO in mid-2025 after nine years in the role, was awarded the long-term bonus previously but needed shareholders to vote for it just as the bank faces an Australian Securities and Investments Commission (ASIC) probe into suspected misconduct in a 2023 government bond issue. Shareholder adviser groups indicated they would support the bonus by a narrow margin of 50.1% to 49.9%, according to a tally of proxy votes published by the bank ahead of its annual meeting on Thursday, but the bank withdrew the resolution at Elliott's request, Chairman Paul O'Sullivan said.

  • USA TODAY

    Donald Trump rejects bipartisan plan to avoid a government shutdown, sets up debt ceiling battle

    The president-elect and his allies have come out against the newly proposed government funding bill just days before a serious shutdown could begin.