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Under60 Daily | 6 October 2020

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.



[M&A] Chrysaor has agreed to take over Premier Oil in debt for reverse equity takeover. The deal will create the largest independent oil and gas company listed in London.

Over60: Reuters

[M&A] American retailer Macy's will take a small stake in Klarna; the Swedish buy now pay later company. The deal will also result in Macy's having a five-year exclusivity deal with Klarna, where Macy's will allow customers to split their payments into four interest-free payments.

Over60: Yahoo! Finance

[Technology] Google announces a rebranding and redesigning G-Suite to Google Workspace. This comes in the wake of Microsoft announcing similar changes to its workplace product line with the fluid framework's announcement in Microsoft Office.

Over60: The Verge

[M&A] Northern Star Resources has agreed to combine with Saracen Mineral Holdings in a $4.14 billion deal. The Australian companies hope to create the country's second-largest gold mining company through the agreement.

Over60: Bloomberg Quint

[Services] India's services sector activity rose for the fifth straight month. The IHS Markit data pointed at robust growth as the index tracking the sector rose from 41.8 in August to 49.8 in September. However, it is still below 50, which signals contraction.

Over60: Bloomberg Quint



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