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ADKO Addiko Bank AG News Story

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Press Digest: Wall Street Journal - April 10

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

- The U.S. Justice Department has opened an investigation into whether the National Football League has engaged in anticompetitive tactics amid complaints that watching football has become too expensive.

- Sazerac recently approached Jack Daniel’s maker Brown-Forman BFb.N about a potential deal. Sazerac’s interest comes as Brown-Forman has been in deal talks with another competitor, French spirits-maker Pernod Ricard PERP.PA.

- The U.S. Postal Service said it plans to raise the price of a First-Class Mail Forever stamp by about 5% to 82 cents starting July 12, up from 78 cents, as the agency tries to navigate a financial crisis.

- CarMax KMX.N will add two members to its board following discussions with activist investor Starboard Value, which agreed to withdraw its director nominations ahead of the company’s annual shareholder meeting.

- Alternative investment manager Ares Management has agreed to buy real-estate investment trust Whitestone REIT WSR.N in an all-cash transaction valued at about $1.7 billion.

- Austria’s Raiffeisen Bank International RBIV.VI plans to launch a takeover bid for smaller peer Addiko Bank ADKO.VI, valuing the lender at 449.5 million euros ($525.47 million), in a push to expand its footprint in Central and Southeastern Europe.

($1 = 0.8554 euros)

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))

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