A would-be Boeing Co. takeover target has found its own dance partner. Woodward Inc., a maker of cockpit controls and engine-actuation systems, announced last week that it’s merging with fellow aerospace supplier Hexcel Corp. The all-stock deal values Hexcel, a maker of lightweight composite materials, at about $7.5 billion including debt, with Woodward shareholders set to own about 55% of ...

China is opening the deepest, darkest corner of its strained financial system to American financial institutions. It’s not clear why investors would want to go there, even with their eyes wide open. As part of President Donald Trump’s phase one trade deal, China will allow US institutions to apply for asset management company licenses (beginning with the provinces), permitting them ...

The club of UK takeover targets that never get bought has an undisputed leader — Pearson Plc. But the logic of taking the troubled educational publisher private now looks stronger than it has for some time. The company’s defenses could scarcely be weaker, and there’s a plausible recovery strategy to be built amid the wreckage. The firm has been clobbered ...