PRESS DIGEST - Wall Street Journal - Jan 27

Reuters
01-27
PRESS DIGEST - Wall Street Journal - Jan 27

Jan 27 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Activist investor Ancora Holdings has built a stake in U.S. Steel X.N and wants the steelmaker to drop its merger agreement with Japan's Nippon Steel 5401.T.

- Building-products distributor QXO QXO.N is preparing to take its all-cash offer to acquire Beacon Roofing Supply BECN.O directly to shareholders after being rebuffed on several occasions.

- Diversified Energy DEC.N is in advanced talks to buy private-equity-owned Maverick Natural Resources in what would be its largest acquisition ever.

- U.S. President Donald Trump on Sunday night backed off a threat he had made earlier in the day to impose 25% tariffs and economic sanctions on Colombia, which the White House said had met its demands to repatriate migrants into the South American country.

- Late-stage trial data for Roche's ROG.S drug against muscle-wasting Elevidys showed positive results after two years of treatment for male patients aged 4 or older with Duchenne muscular dystrophy.

- SGS and Bureau Veritas BVI.PA said they ended merger talks that would have created a European safety-testing giant with a combined market value of more than $30 billion.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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