Honan Insurance Group enjoys new backing

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Global growth private equity (PE) firm TA Associates is making a strategic growth investment in Honan Insurance Group.

In its announcement, the Boston-based PE company said a definitive agreement had been signed without disclosing financial terms of the transaction, which is expected to close in the second half of the year.

As part of the deal, Honan bosses will continue to lead the commercial insurance broker and be shareholders alongside TA. These are group chief executive and executive director Damien Honan, CEO Andrew Fluitsma, and chief operating officer Laurence Basell.

“We are very pleased to welcome TA Associates as an

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Climate activists up stakes at Exxon, backing calls for independent board chairman

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HOUSTON (Reuters) – Shareholder activists prodding Exxon Mobil Corp on climate-change proposals are backing calls for an independent board chairman as the oil major steps up efforts to keep climate proposals off its ballot.

FILE PHOTO: Darren Woods, Chairman & CEO of Exxon Mobil Corporation attends a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid/File Photo

New York state’s pension fund, Church Commissioners for England, and Legal & General Investment Management, which all battled Exxon over global warming and lobbying disclosures have this year taken up a call to split

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L Brands files complaint against Sycamore for backing out of Victoria’s Secret deal

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FILE PHOTO: A customer passes by an L Brands Inc., Victoria’s Secret retail store in Manhattan, New York, U.S., May 13, 2016. REUTERS/Brendan McDermid

(Reuters) – L Brands Inc (LB.N) filed a legal complaint against Sycamore Partners on Thursday, after the buyout firm walked away from a $525 million deal to acquire a majority stake in the company’s Victoria’s Secret lingerie brand.

The filing in a Delaware court sets up the first high-profile U.S. legal fight over the termination of a merger agreement because of the COVID-19 pandemic.

Sycamore said on Wednesday the worldwide closure of nearly all

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Google wins U.S. DOJ backing to use segment of U.S.-Asia undersea cable

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WASHINGTON (Reuters) – The U.S Justice Department on Wednesday recommended U.S. regulators approve Alphabet Inc unit Google’s (GOOGL.O) request to use part of an U.S.-Asia undersea telecommunications cable after the company warned it would face significantly higher prices to carry traffic by other means.

FILE PHOTO: Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo

Google agreed to operate a portion of the 8,000-mile Pacific Light Cable Network System between the United States and Taiwan, but not Hong Kong. Google

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