Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.
[Markets] Shares of Samsung companies rose on the first day of trading after the Chairman's news, Lee Kun-hee's death broke. Investors were betting on higher payouts from the firms in the form of dividends along with a potential restructuring opportunity.
[IPO] Ghana's Finance Minister wants its biggest gold producer, Agyapa Royalties, to debut on London and Ghana's stock exchanges after December. The company is looking at raising $500 million by selling 49% of the company's shares.
[M&A] Inspire Brands has made an offer worth $106.5 per share for NASDAQ listed Dunkin' Brands. The deal would delist Dunkin' from the market and add the fast-food chain to Inspire's portfolio, which already consists of Cinnabon and Anytime Fitness.
[Earnings] SAP has cut its revenue and profit forecasts for the year due to rising Covid-19 cases and fresh lockdowns across Europe. SAP's shares dropped as much as 20% on Monday.
[M&A] As consolidation in the North American Oil and Gas sector continues, Cenovus Energy will buy Husky Energy in a $7.8 billion deal. The companies expect annual synergies to be worth nearly $1.2 billion.
Over60: Bloomberg Quint