Siemens' Bold Acquisition and Global Corporate Shake-ups

The Financial Times highlights major global business events, including Siemens' planned acquisition of Altair Engineering for $10.6 billion, an investigation into a fire at a UK nuclear submarine shipyard, IKEA's compensation for forced labor, board changes at Bank of London, and an investigation into AstraZeneca China's president.

In a significant move, Siemens is poised to acquire Altair Engineering for $10.6 billion. This acquisition aims to bolster Siemens' footprint in the burgeoning industrial software sector.

Meanwhile, UK authorities are probing a substantial fire at a BAE Systems shipyard in northwest England, crucial for building the country's nuclear submarines.

In addition, IKEA will pay six million euros to address forced labor claims involving ex-prisoners in East Germany, and there are key departures from the Bank of London's board. AstraZeneca faces scrutiny as its China president, Leon Wang, is under investigation.

(With inputs from agencies.)