French carmaker PSA and Italian manufacturer Fiat Chrysler (FCA) have completed their long-awaited merger to create Stellantis - the world's fourth-largest carmaker aimed at funding and making the big shift to electric driving and take on bigger rivals Toyota and Volkswagen.

The shares of the based in France European retail giant Carrefour surged by some 13 percent on Wednesday, as the company was approached for merger by Canada’s convenience-store operator Alimentation Couche-Tard, Reuters reported. The bid was unexpected and lead to a sharp rise in demand for the stocks.

The long-expected merger of two leading payment-processing companies has stalled due to antitrust concerns, AP reported. The $5,3 billion deal between Visa and Plaid has been called off, Visa said the company cited, US Justice Department’s antitrust lawsuit filed last year to block the deal.

The French group Atos has made a takeover approach in a bid to acquire its US competitor DXC Technology and the offered price values the American firm at more than $10 billion, two sources with knowledge of the process were quoted as saying by Reuters.

Shareholders in Peugeot owner PSA gave the green light on Monday to the French company’s merger with Fiat Chrysler (FCA) -  one of the last steps towards creating the world’s fourth largest automaker.

EssilorLuxottica which is the maker of the popular Rayban sunglasses is in the middle of a power row that undermines company’s development plans. The struggle erupted after firm’s restructuring in 2018 when two executives were promoted to top positions amid a massive merger of two companies.

A merger deal facilitated by veteran investor Bill Foley heated up the stock marked and earmarked billions of dollars in expected profits. Although the current partners have not revealed their IPO plans, the deal seems to be heading to a successful end, Reuters reported.

Salesforce and Slack announced a $27,7 “match made in heaven” that will reshape the hi-tech sector. After a long series of talks Salesforce has agreed to buy workplace messaging app Slack for $27.7bn in what would be one of the biggest tech mergers in recent years.

Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world’s No.4 carmaker, people close to the matter said, as they strive to meet the industry’s dual challenges of funding cleaner vehicles and the global pandemic.

US-Italian auto giant Fiat Chrysler and France's Groupe PSA, the maker of Peugeot and Citroen cars, announced Wednesday they are in merger talks that could create the world's number four automaker. Fiat Chrysler Automobiles (FCA) said in a statement it "confirms there are ongoing discussions aimed at creating one of the world's leading mobility groups" with PSA. The statement and a similar one from PSA however offered no additional details.