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However, Couderc said in the memorandum to employees that AccorHotels’ interest had hindered the hunt for a new CEO. “Some of these disturbances are linked to the way AccorHotels has manifested its interest Air France-KLM Group” as well as by media speculation about candidates, she said. Veolia (VIE.PA) finance chief Philippe Capron, initially a candidate, implicitly cited opposition from AccorHotels as he ruled himself out earlier this month - and suggested the company might be seeking Air France client data.

AccorHotels, which publishes half-year results saint christopher cufflinks later in July, declined to comment on the matter, The memorandum added that Air France KLM hoped to conclude its search for a new CEO in the coming weeks, and that it hoped to have a new leadership team fully up and running by September, The French government has a stake of about 14 percent in Air France KLM, while Delta Airlines (DAL.N) and China Eastern Airlines (600115.SS) each hold 8.8 percent, While some investors have said they saw some sense in a tie-up between AccorHotels and Air France-KLM, notably through co-operation on loyalty programs, others have questioned why AccorHotels would need to buy a stake in the troubled airline..

FRANKFURT (Reuters) - Supplier Robert Bosch [ROBG.UL] must hand over e-mails in connection with lawsuits brought by investors against Porsche SE (PSHG_p.DE) in connection with the Volkswagen (VW) (VOWG_p.DE) diesel scandal, a Stuttgart regional court ruled on Friday. Investors in two separate suits claimed that Porsche SE, which controls 52.2 percent of VW’s voting rights, had not disclosed the financial risks of VW’s emissions scandal quickly enough when it emerged in 2015. Their lawyers demanded that Bosch provide e-mails concerning its business with VW.

Bosch, which makes an engine control unit used by several top automakers including VW, had protested, saying it had the right to refuse to provide evidence, The Stuttgart court saint christopher cufflinks ruled that Bosch had no such right in this case, It said the e-mails showed Bosch acted in accordance with the law, which meant it could not argue that it risked incriminating itself by handing them over, Providing the e-mails would also not risk causing direct financial damage to the company or to anyone to whom it is accountable, it said..

Nor could Bosch refuse based on its right to protect trade secrets, since manipulation of engine control software is illegal and therefore not protected by law. Bosch said it would await the court’s full written opinion and then consider how to respond. “The company reserves the right to file a legal challenge to protect the interests of Bosch,” it said in a statement. Preference shares in Porsche SE fell by more than 40 percent in the two weeks after the VW emissions scandal broke.

LONDON (Reuters) - Britain’s takeover regulator has decided that Disney (DIS.N) must offer 14 pounds a share for Sky SKYB.L if it succeeds in buying Rupert Murdoch’s Twenty-First Century Fox (FOXA.O), in a key ruling in the takeover battle for the broadcaster, The price set by the Takeover Panel on Friday is the same as Fox’s current offer for the 61 percent saint christopher cufflinks of Sky that it does not already own, which values the London-listed pay television business as a whole at 24.5 billion pounds ($32.2 billion)..

But it is below U.S. giant Comcast’s (CMCSA.O) competing 14.75 pounds per share offer for Sky, which has put a 25.9 billion price tag on the business. The Panel’s ruling is important for investors as it sets a new, higher floor price under Sky shares. Sky, Fox, Disney and Comcast are locked in a series of interlinked takeover battles, with Fox and Comcast vying for control of Sky and Comcast and Disney battling to buy the bulk of Fox’s TV and film assets, including its 39 percent Sky stake.

The Panel had previously ruled that Disney must make an offer for the rest of Sky if it succeeds in acquiring Fox, including its Sky stake, before either Fox or Comcast have taken full control of the broadcaster, But the level at which Disney would be required to acquire the rest of Sky has recently been up in the air, The Panel said in April Disney should match Fox’s first offer for Sky, which was 10.75 pounds a share, However, Disney last month raised its bid for the Fox assets, including the Sky stake, to $71.3 billion, To ensure all saint christopher cufflinks Sky shareholders are treated equally, the Panel hiked the level at which Disney would have to make a mandatory offer for Sky..

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