Akorn Vows to Fight Fresenius Decision to End Deal 
 

Freseniussaid it is terminating its $4.3 billion agreement to buy generic-drug maker Akorn, but Akorn said they intend to see the deal go through.

 
UBS Profit Boosted by Wealth-Management 
 

UBS posted an above-forecast 19% rise in first-quarter net profit, supported by the performance of its wealth-management unit.

 
Philips Net Income Falls 
 

Philips said its first-quarter net income from continuing operations fell 27% after the company booked a series of one-off charges.

 
Fresenius Medical Sells Sound Inpatient 
 

Fresenius Medical Care has sold its controlling interest in Sound Inpatient Physicians for $2.15 billion to an investment consortium led by Summit Partners.

 
Subsea 7 Bid for McDermott Rejected 
 

Subsea 7 said it made a $2 billion offer last week for U.S. peer McDermott International but that the bid was rejected by the McDermott board.

 
Tele2 Looks to Boost Shareholder Returns 
 

Tele2 reported a slight drop in first-quarter net profit but backed its full-year guidance and strengthened prospects for higher shareholder returns.

 
Air France to Operate 75% of Flights During Monday Strike 
 

Air France expects to operate 75% of its flights on Monday, the first day of a 48-hour strike over a wage dispute involving pilots, cabin crew and ground staff in France.

 
Tencent Music Plans IPO; Valuation Could Exceed $25 Billion 
 

Tencent Music, China's largest music-streaming company, is preparing what would be one of the largest tech IPOs ever following the successful debut of its European counterpart Spotify.

 
Goldilocks Says Its Position as Noble Shareholder Is Under Threat 
 

Abu Dhabi-based Goldilocks Investment said its position as a key shareholder in Noble Group is under threat from the embattled commodities trading house, which rejected its proposal to appoint five independent directors to the company's board.

 
Wells Fargo Struggles to Meet an Enforcement-Action Deadline 
 

Wells Fargo is facing more regulatory challenges as it seeks an extension in a deadline to satisfy an enforcement action related to anti-money-laundering controls.

 
 

(END) Dow Jones Newswires

April 23, 2018 05:15 ET (09:15 GMT)

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