Market highlights

1 CMA CGM has offered to tweak liner-shipping alliances to allay competition concerns and clinch anti-trust approval from European Union regulators to buy Neptune Orient Lines, sources told Bloomberg.

2 Dell Inc's cyber security unit, SecureWorks Corp, said its initial public offering was expected to be priced at US$15.50-US$17.50 a share, valuing the company at up to US$1.42 billion (S$1.9 billion).

3 Tata Steel will sell part of its loss-making British business to investment firm Greybull Capital. In so doing, it will not only only prevent job losses, but also be able to focus on the sale of its Wales plant.

4 Attilan Group has recorded pre-tax losses for the past three consecutive financial years. The firm said it will make an announcement should it be notified that it will be placed on the SGX watch-list.

5 The Royal Bank of Scotland will close its corporate banking operations in India as part of a plan to sell or shut businesses in two-thirds of the countries it operates in. RBS is closing the business after failing to find a buyer.

A version of this article appeared in the print edition of The Straits Times on April 12, 2016, with the headline 'Market highlights'. Subscribe