Iliad’s shares fall after $4.2 billion bid for Polish telco Play

Iliad’s shares fall after $4.2 billion bid for Polish telco Play

Iliad’s move to buy Polish mobile group Play in a $4.2 billion deal got a cool reception from investors on Monday as the French company already faces heavy investments in France and Italy. The surprise bid would allow Iliad, controlled by French tycoon Xavier Niel, to...
US Supreme Court asked to rule on private equity pension liability

US Supreme Court asked to rule on private equity pension liability

The nation’s highest court may soon help resolve a question at the center of bitter disputes in recent years: whether private equity firms can walk away from the pension obligations of companies in which they invest. In August, the New England Teamsters & Trucking...