Trader’s Recap: Itau Unibanco Holding (NYSE:ITUB), Trio-Tech International (NYSEMKT:TRT), The Phoenix Companies Inc. (NYSE:PNX), Sirius XM (NASDAQ:SIRI), NextEra Energy Partners (NYSE:NEP)
Brazil’s Itau Unibanco Holding SA (ADR) (NYSE:ITUB) will walk away from its deal to merge with Chile’s CorpBanca if it is forced to carry out a tender offer, but does not see that as a likely outcome, a senior Itau executive told a local paper. The $3.7 billion deal, Latin America’s largest banking merger since 2008, was agreed in January, but U.S. activist investor Cartica … Continue reading Trader’s Recap: Itau Unibanco Holding (NYSE:ITUB), Trio-Tech International (NYSEMKT:TRT), The Phoenix Companies Inc. (NYSE:PNX), Sirius XM (NASDAQ:SIRI), NextEra Energy Partners (NYSE:NEP)