Investor Group Launches $5.8 Billion Buyout Bid for Macy's

Arkhouse Management and Brigade Capital recently submitted a proposal to acquire the famed retailer for $21 a share. 


 
Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback

The health-insurance providers couldn't agree on financial terms for a deal that would have created a $140 billion giant. 


 
Sigma Healthcare Agrees to $5.79 Billion Merger With Pharmacy Chain

Australian drug supplier Sigma Healthcare agreed to merge with privately owned pharmacy operator CW Group, creating a listed company worth more than $5.79 billion. 


 
Russian Airline Sues Canada Over Sanctions

A court could decide what happens to a Volga-Dnepr cargo plane, which has been stuck in Toronto since Canada closed its airspace to Russian planes last year. 


 
Chicken Nuggets in Reusable Bowls? McDonald's Isn't Lovin' It

A French law has forced the fast-food giant to serve fries and sodas in washable containers; now it is fighting a wider rollout. 


 
Former CNN Boss Jeff Zucker Eyes Unlikely Next Role: British Media Mogul

The veteran media executive's investment group is a top contender to buy two U.K. publications, for which he plans a U.S. expansion. 


 
SmileDirectClub to Shut Down

Bankrupt tooth-alignment venture once valued at $8.9 billion is now set to liquidate. 


 
Nasdaq Settles Alleged Iran Sanctions Violation for $4 Million

Stock exchange operator Nasdaq has agreed to pay $4 million in a settlement with the U.S. Treasury Department over alleged Iran sanctions violations. 


 
California Judge Grants Class Certification to Pay-Equity Lawsuit Against Disney

The decision cleared the way for potential jury trial. The entertainment giant said it is disappointed in the ruling and is considering its options. 


 
Charif Souki, Who Transformed U.S. Energy, Removed as Tellurian's Chairman

The natural gas pioneer's latest energy venture has been floundering for years.


(END) Dow Jones Newswires

12-10-23 2115ET