NEW YORK, May 30 (Reuters) - Viacom Inc's six
independent directors vowed on Monday to fight any attempt to
oust them from the board, saying they found "inexplicable" the
assertion that controlling...
Read more
Monday, May 30, 2016
BRIEF-Rockwell's Q4 revenue $10.4 million vs $17.1 million
* Says decision has been taken to outsource mining on a
fixed pay-per-volume delivered basis
Read more
fixed pay-per-volume delivered basis
Read more
Viacom Director Salerno says board will contest removal attempt
NEW YORK, May 30 (Reuters) - Viacom Inc's
independent directors will fight any attempt to remove them from
the media company's board, Lead Independent Director Fred
Salerno said in a letter to...
Read more
independent directors will fight any attempt to remove them from
the media company's board, Lead Independent Director Fred
Salerno said in a letter to...
Read more
BRIEF-Nemesia S.a.r.l. acquires shares of Lucara Diamond Corp
* Acquired 32.7 million common shares of Lucara Diamond
Corp. From Lorito Holdings and 34.8 million common shares of
lucara from Zebra Holdings
Read more
Corp. From Lorito Holdings and 34.8 million common shares of
lucara from Zebra Holdings
Read more
BRIEF-Asahi Kasei to pursue large mergers and acquisitions during three years through fiscal 2018 - Nikkei
* Asahi Kasei plans to pursue large mergers and acquisitions
valued in excess of 100 billion yen apiece during three years
through fiscal 2018 - Nikkei
Read more
valued in excess of 100 billion yen apiece during three years
through fiscal 2018 - Nikkei
Read more
BRIEF-Transcontinental to divest assets in Saskatchewan
* Closure of Saskatoon printing plant will result in loss of
approximately 30 full time positions when transition period is
complete
Read more
approximately 30 full time positions when transition period is
complete
Read more
UPDATE 1-Russia's Mechel says shareholders approve debt restructuring deals
MOSCOW, May 30 (Reuters) - Shareholders of indebted Russian
coal and steel producer Mechel approved on a second
attempt a series of debt restructuring deals with major
creditors, Mechel said in a...
Read more
coal and steel producer Mechel approved on a second
attempt a series of debt restructuring deals with major
creditors, Mechel said in a...
Read more
Russia's Mechel says shareholders approve debt restructuring deals
MOSCOW, May 30 (Reuters) - Indebted Russian coal and steel
producer Mechel said on Monday that its shareholders
had approved a series of debt restructuring deals.
Read more
producer Mechel said on Monday that its shareholders
had approved a series of debt restructuring deals.
Read more
UPDATE 1-Peugeot family to meet French government over carmaker stake -source
PARIS, May 30 (Reuters) - The Peugeot family plans to hold
informal talks with the French government on Tuesday to discuss
the future of its stake in carmaker Peugeot PSA Citroen
, a source said on...
Read more
informal talks with the French government on Tuesday to discuss
the future of its stake in carmaker Peugeot PSA Citroen
, a source said on...
Read more
EU to debate shorter glyphosate licence renewal next week - sources
BRUSSELS, May 30 (Reuters) - EU nations will debate next
week a far shorter licence renewal for weed-killer glyphosate,
used in Monsanto's Roundup, amid a transatlantic row
over whether it may cause...
Read more
week a far shorter licence renewal for weed-killer glyphosate,
used in Monsanto's Roundup, amid a transatlantic row
over whether it may cause...
Read more
EU mergers and takeovers (May 30)
BRUSSELS, May 30 (Reuters) - The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
Read more
review by the European Commission and a brief guide to the EU
merger process:
Read more
RPT-Alibaba tells vendors to halt drug sales online, cites government rule change
SHANGHAI, May 30 (Reuters) - Chinese e-commerce firm Alibaba
Group Holding Ltd has told vendors on its Tmall website
to stop selling medicine, saying a local regulator has issued an
"urgent"...
Read more
Group Holding Ltd has told vendors on its Tmall website
to stop selling medicine, saying a local regulator has issued an
"urgent"...
Read more
UPDATE 1-Alcoa's spinoff plan sparks dispute with Australian partner Alumina
MELBOURNE, May 30 (Reuters) - Australia's Alumina Ltd
has "serious concerns" about the impact of a demerger
plan of U.S. partner Alcoa Inc on the pair's bauxite and
alumina production joint venture,...
Read more
has "serious concerns" about the impact of a demerger
plan of U.S. partner Alcoa Inc on the pair's bauxite and
alumina production joint venture,...
Read more
Alibaba tells vendors to halt drug sales online, cites government rule change
SHANGHAI, May 30 (Reuters) - Chinese e-commerce firm Alibaba
Group Holding Ltd has told vendors on its Tmall website
to stop selling medicine, saying a local regulator has issued an
"urgent"...
Read more
Group Holding Ltd has told vendors on its Tmall website
to stop selling medicine, saying a local regulator has issued an
"urgent"...
Read more
Australia miners merge, hope to boost lithium sales
SYDNEY, May 30 (Reuters) - Galaxy Resources and
General Mining on Monday agreed to a A$216 million
($155 million) merger to consolidate their lithium mines in
Australia, Canada and Argentina, with...
Read more
General Mining on Monday agreed to a A$216 million
($155 million) merger to consolidate their lithium mines in
Australia, Canada and Argentina, with...
Read more
Puma Energy may go public; valuation seen at more than $6 bln - Sky News
May 30 (Reuters) - Integrated midstream and downstream oil
group Puma Energy is in talks with banks that could lead to a
public listing valuing the company at more than $6 billion, Sky
News reported.
Read more
group Puma Energy is in talks with banks that could lead to a
public listing valuing the company at more than $6 billion, Sky
News reported.
Read more
Sunday, May 29, 2016
Alcoa's spin-off plan sparks dispute with Australian partner Alumina
MELBOURNE, May 30 (Reuters) - Australia's Alumina Ltd
on Monday said it has "serious concerns" about the
impact of a demerger plan of U.S. partner Alcoa Inc on
the pair's bauxite and alumina...
Read more
on Monday said it has "serious concerns" about the
impact of a demerger plan of U.S. partner Alcoa Inc on
the pair's bauxite and alumina...
Read more
BRIEF-Hyster-Yale unit announces provisional results of tender offer on Bolzoni
* Announced on Friday the provisional results of the
mandatory tender offer on Bolzoni shares by Hyster-Yale Capital
Holding Italy Srl (HY Italy), a wholly-owned unit of Hyster-Yale
Materials...
Read more
mandatory tender offer on Bolzoni shares by Hyster-Yale Capital
Holding Italy Srl (HY Italy), a wholly-owned unit of Hyster-Yale
Materials...
Read more
French finmin rules out Google tax deal, more firms could be targeted
PARIS, May 29 (Reuters) - France will "go all the way" to
ensure that multinationals operating on its soil pay their taxes
and more cases could follow after Google and McDonald's were
targeted by tax...
Read more
ensure that multinationals operating on its soil pay their taxes
and more cases could follow after Google and McDonald's were
targeted by tax...
Read more
Saturday, May 28, 2016
BRIEF-FCMI Parent acquires securities of Golden Predator Mining
* Acquired beneficial ownership, control over 4 million
units of golden predator at price of $0.16 per unit for
aggregate purchase price of $640,000
Read more
units of golden predator at price of $0.16 per unit for
aggregate purchase price of $640,000
Read more
Friday, May 27, 2016
REFILE-Williams tells Energy Transfer it would consider new offer -sources
May 27 (Reuters) - Williams Cos Inc has informed
Energy Transfer Equity (ETE) LP that it is open to
considering a new offer that would amend terms of its $20
billion sale to its larger U.S pipeline...
Read more
Energy Transfer Equity (ETE) LP that it is open to
considering a new offer that would amend terms of its $20
billion sale to its larger U.S pipeline...
Read more
UPDATE 1-Hedge fund Tourbillon urges SunOpta to sell itself; shares jump
May 27 (Reuters) - Hedge fund Tourbillon Capital Partners LP
is urging organic food company SunOpta Inc. to sell
itself to a bigger rival, according to a letter sent to the
company on Friday.
Read more
is urging organic food company SunOpta Inc. to sell
itself to a bigger rival, according to a letter sent to the
company on Friday.
Read more
BRIEF-PC Connection acquires Softmart; Financial terms of transaction were not disclosed
* PC Connection says founder and chairman of Softmart
Richard Sloane will be leaving organization
Read more
Richard Sloane will be leaving organization
Read more
INSIGHT-NBA's Thunder targeted by deceased McClendon's creditors
NEW YORK, May 27 (Reuters) - This weekend, the Oklahoma City Thunder stands one game away from clinching a surprising spot in the NBA finals.
Read more
Read more
DEALTALK-How four words rewrote Bayer-Monsanto deal script
Monsanto Co President Brett Begemann uttered those
words last week to a small group of investors and a Reuters
reporter when asked how the world's largest seed company he
helps lead might fit with...
Read more
words last week to a small group of investors and a Reuters
reporter when asked how the world's largest seed company he
helps lead might fit with...
Read more
Hedge fund Tourbillon urges SunOpta to sell itself
May 27 (Reuters) - Hedge fund firm Tourbillon Capital
Partners LP has sent a letter to SunOpta Inc, urging
that the Canadian food company be sold to increase shareholder
value, according to a...
Read more
Partners LP has sent a letter to SunOpta Inc, urging
that the Canadian food company be sold to increase shareholder
value, according to a...
Read more
EU mergers and takeovers (May 27)
BRUSSELS, May 27 (Reuters) - The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
Read more
review by the European Commission and a brief guide to the EU
merger process:
Read more
Germany monitoring Chinese takeovers to ensure no loss of technology-source
BERLIN, May 27 (Reuters) - Germany is closely monitoring
Chinese investment in the country and will consider each
takeover on a case-by-case basis to ensure it does not lose key
technology, a...
Read more
Chinese investment in the country and will consider each
takeover on a case-by-case basis to ensure it does not lose key
technology, a...
Read more
BRIEF-Baxalta shareholders vote to approve combination
* Baxalta says shareholders approved merger agreement with
Shire with about 76.9 percent of shares outstanding cast in
favor of proposal
Read more
Shire with about 76.9 percent of shares outstanding cast in
favor of proposal
Read more
BRIEF-Graham Media Group to acquire WCWJ, WSLS
* Reached an agreement with Nexstar Broadcasting Group, Inc.
And media general, inc. To acquire WCWJ
Read more
And media general, inc. To acquire WCWJ
Read more
BRIEF-Baxalta shareholders vote to approve combination
* Shareholders approved definitive merger agreement with
Shire with approximately 98.9 percent of shares outstanding cast
in favor of proposal
Source text for Eikon:
Further company coverage:
...
Read more
Shire with approximately 98.9 percent of shares outstanding cast
in favor of proposal
Source text for Eikon:
Further company coverage:
...
Read more
BRIEF-Cemtrex to buy manufacturer specializing in automotive technologies
* Target company's projected annual revenues for next twelve
months is expected around EUR 30 million
Read more
months is expected around EUR 30 million
Read more
REFILE-Thermo Fisher to buy FEI Co for about $4.2 bln
May 27 (Reuters) - Thermo Fisher Scientific Inc said
it would buy FEI Co for about $4.2 billion to gain
access to its signature electron microscopy technology.
Read more
it would buy FEI Co for about $4.2 billion to gain
access to its signature electron microscopy technology.
Read more
BRIEF-Inversora Carso says was unable to exercise bid over Realia
May 27 (Reuters) - Inversora Carso:
* Says was unable to exercise bid over Realia
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
* Says was unable to exercise bid over Realia
Source text for Eikon:
Further company coverage:
(Gdynia Newsroom)
Read more
BRIEF-Enghouse systems buys Netboss Technologies
* Has acquired assets of Netboss Technologies, Inc
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
Citic Metal in talks to buy Freeport Americas stake - Bloomberg
May 27 (Reuters) - China's Citic Metal Co is in talks with
Freeport-McMoRan Inc to buy a minority stake in the
miner's North and South American operations, Bloomberg reported,
citing people familiar...
Read more
Freeport-McMoRan Inc to buy a minority stake in the
miner's North and South American operations, Bloomberg reported,
citing people familiar...
Read more
UPDATE 1-AstraZeneca potassium drug delayed by manufacturing snag
LONDON, May 27 (Reuters) - AstraZeneca said on
Friday U.S. regulators would not approve its new drug for high
potassium levels at present due to a manufacturing issue,
dealing a blow to a product...
Read more
Friday U.S. regulators would not approve its new drug for high
potassium levels at present due to a manufacturing issue,
dealing a blow to a product...
Read more
BRIEF-Cameco and Kazatomprom sign agreement to restructure JV Inkai
* New agreement replaces memorandum of agreement signed by
cameco and kazatomprom in september 2012
Read more
cameco and kazatomprom in september 2012
Read more
AstraZeneca potassium drug delayed by manufacturing snag
LONDON, May 27 (Reuters) - AstraZeneca said on
Friday U.S. regulators would not approve its new drug for high
potassium levels at present due to a manufacturing issue,
dealing a blow to a product...
Read more
Friday U.S. regulators would not approve its new drug for high
potassium levels at present due to a manufacturing issue,
dealing a blow to a product...
Read more
Thursday, May 26, 2016
China's Zoomlion abandons talks with U.S. crane maker Terex
HONG KONG, May 27 (Reuters) - Zoomlion Heavy Industry
Science and Technology Co Ltd said on Friday it has
terminated stake sale talks with U.S. crane maker Terex Corp
, the latest blow to corporate...
Read more
Science and Technology Co Ltd said on Friday it has
terminated stake sale talks with U.S. crane maker Terex Corp
, the latest blow to corporate...
Read more
Australian watchdog to review Seven West Media plan to buy News Corp Perth assets
MELBOURNE, May 27 (Reuters) - Australia's competition
watchdog said on Friday it would review Seven West Media's
proposal to acquire The Sunday Times in Western
Australia and its associated web site...
Read more
watchdog said on Friday it would review Seven West Media's
proposal to acquire The Sunday Times in Western
Australia and its associated web site...
Read more
BRIEF-Mid-Con Energy Partnersannounces $18 mln divestiture of Hugoton assets
* Proceeds from sale will be used to reduce borrowings
outstanding under partnership's revolving credit facility
Read more
outstanding under partnership's revolving credit facility
Read more
Shenzhen bourse queries Wanda Cinema's planned purchase of movie affiliate
HONG KONG, May 27 (Reuters) - China's Wanda Cinema Line Corp
said it has been asked by the Shenzhen stock
exchange to provide more information about its proposed $6
billion acquisition of a sister...
Read more
said it has been asked by the Shenzhen stock
exchange to provide more information about its proposed $6
billion acquisition of a sister...
Read more
Valeant rejected joint takeover bid from Takeda, TPG in spring-WSJ
May 26 (Reuters) - Valeant Pharmaceuticals International Inc
received a joint takeover offer from Japan's Takeda
Pharmaceutical Co Ltd and TPG Capital Management LP
this spring that the Canadian...
Read more
received a joint takeover offer from Japan's Takeda
Pharmaceutical Co Ltd and TPG Capital Management LP
this spring that the Canadian...
Read more
UPDATE 1-Valeant rejected joint takeover bid from Takeda, TPG in spring-WSJ
May 26 (Reuters) - Valeant Pharmaceuticals International Inc
received a joint takeover offer from Japan's Takeda
Pharmaceutical Co Ltd and TPG Capital Management LP
this spring that the Canadian...
Read more
received a joint takeover offer from Japan's Takeda
Pharmaceutical Co Ltd and TPG Capital Management LP
this spring that the Canadian...
Read more
BRIEF-ETE files counterclaim saying Williams breached deal pact
* Filed its affirmative defenses and counterclaim in lawsuit
brought by Williams Companies Inc.
Read more
brought by Williams Companies Inc.
Read more
UPDATE 1-Anacor received rival bid before Pfizer deal - filing
May 26 (Reuters) - Anacor Pharmaceuticals Inc had
received an offer from a third party before it agreed to be
bought by Pfizer Inc in a $5.2 billion deal last week,
regulatory filings showed.
Read more
received an offer from a third party before it agreed to be
bought by Pfizer Inc in a $5.2 billion deal last week,
regulatory filings showed.
Read more
BRIEF-Allarco Entertainment 2008 Inc. and Allarco Entertainment Limited Partnership announce restructuring under CCAA
* Allarco Entertainment 2008 Inc. and Allarco Entertainment
Limited Partnership announces restructuring under CCAA
Read more
Limited Partnership announces restructuring under CCAA
Read more
Anacor reveals receiving rival bid before Pfizer deal - filing
May 26 (Reuters) - Anacor Pharmaceuticals Inc said
it had received a takeover bid from a third party before it
struck a $5.2 billion deal with Pfizer Inc last week.
Read more
it had received a takeover bid from a third party before it
struck a $5.2 billion deal with Pfizer Inc last week.
Read more
Deals of the day- Mergers and acquisitions
May 26 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1700 GMT on Thursday:
Read more
and disposals were reported by 1700 GMT on Thursday:
Read more
UPDATE 2-Viacom CEO Dauman seeks trial by end-Sept over Redstone trust
May 26 (Reuters) - Viacom Inc Chief Executive
Officer Philippe Dauman has asked a Massachusetts court to
expedite a legal challenge to his removal from a trust that will
determine the company's...
Read more
Officer Philippe Dauman has asked a Massachusetts court to
expedite a legal challenge to his removal from a trust that will
determine the company's...
Read more
UPDATE 2-Gawker hires bank, makes "contingency" plans after Hogan lawsuit
May 26 (Reuters) - Gawker Media, the New York-based owner of
online news and gossip website Gawker.com, is exploring a sale
following a court ruling that it pay $140 million to wrestler
Hulk Hogan...
Read more
online news and gossip website Gawker.com, is exploring a sale
following a court ruling that it pay $140 million to wrestler
Hulk Hogan...
Read more
BRIEF-Intel to acquire Itseez Inc
* Intel acquires Computer Vision for IoT, automotive; signs
agreement to acquire Itseez Inc, an expert in Computer Vision
algorithms
Read more
agreement to acquire Itseez Inc, an expert in Computer Vision
algorithms
Read more
Bid deadline for Anglo's coking coal mines set at June 6 -sources
LONDON/SYDNEY, May 26 (Reuters) - Final bids for Anglo
American's metallurgical coal mines in Australia, valued
at up to $1.5 billion, must be submitted by June 6, three
sources close to the matter...
Read more
American's metallurgical coal mines in Australia, valued
at up to $1.5 billion, must be submitted by June 6, three
sources close to the matter...
Read more
UPDATE 2-DONG Energy listing to value group at up to $16 billion
* Additional overallotment of up to 2.6 pct of the shares
(Recasts, adds DONG and analyst comments)
Read more
(Recasts, adds DONG and analyst comments)
Read more
German billionaire could get windfall from stake in robot maker Kuka
FRANKFURT, May 26 (Reuters) - German billionaire Friedhelm
Loh stands to make a huge profit if industrial robot
manufacturer Kuka accepts a $5-billion takeover bid by
Chinese home appliance producer...
Read more
Loh stands to make a huge profit if industrial robot
manufacturer Kuka accepts a $5-billion takeover bid by
Chinese home appliance producer...
Read more
LPC: Dell's window wide open for EMC acquisition loan
NEW YORK, May 26 (Reuters) - Computer giant Dell's decision
to wait out months of extreme credit market volatility appears
to have paid off as it launched the biggest US syndicated term
loan since...
Read more
to wait out months of extreme credit market volatility appears
to have paid off as it launched the biggest US syndicated term
loan since...
Read more
BRIEF-Northquest enters agreement with Nord Gold N.V. in respect of increased offer
* Northquest Ltd Enters into support agreement with Nord
Gold N.V. in respect of increased offer
Read more
Gold N.V. in respect of increased offer
Read more
BRIEF-American Capital or Ares Capital may be required to pay termination fee of $140 mln
* Co or Ares Capital may be required to pay other party
termination fee of $140 million if deal is terminated under some
circumstances
Read more
termination fee of $140 million if deal is terminated under some
circumstances
Read more
BRIEF-Anthem gets approval for Cigna deal from Indiana Department of Insurance
* Received final order from Indiana Department Of Insurance
Commissioner, approving acquisition of Cigna healthcare of
Indiana
Read more
Commissioner, approving acquisition of Cigna healthcare of
Indiana
Read more
BRIEF-Global Partners signs agreement for divestiture of 31 retail sites
* Through a wholly owned subsidiary, it has entered into a
purchase and sale agreement with Mirabito Holdings Inc
Read more
purchase and sale agreement with Mirabito Holdings Inc
Read more
BRIEF-Westport announces exchange ratio for merger agreement with Fuel Systems
* Final exchange ratio has been determined for proposed
business combination with Fuel Systems Solutions Inc
Read more
business combination with Fuel Systems Solutions Inc
Read more
UPDATE 1-Britain plans steel pensions overhaul to ease sale of Tata assets
LONDON, May 26 (Reuters) - Britain's government said on
Thursday it had started discussions on overhauling the
deficit-laden British Steel Pension Scheme, a major stumbling
block for potential buyers...
Read more
Thursday it had started discussions on overhauling the
deficit-laden British Steel Pension Scheme, a major stumbling
block for potential buyers...
Read more
BRIEF-Snapchat Inc says has sold $1.81 bln in equity offering - SEC filing
* Snapchat Inc discloses in Form D with U.S. SEC that the
total offering amount was for $1.81 billion
Source text for Eikon: [ID:(http://1.usa.gov/1Xz2x2n
)]
(Bengaluru Newsroom: +1 646 223 8780)
Read more
total offering amount was for $1.81 billion
Source text for Eikon: [ID:(http://1.usa.gov/1Xz2x2n
)]
(Bengaluru Newsroom: +1 646 223 8780)
Read more
Israel real estate developer Gazit-Globe moves to Q1 loss
JERUSALEM, May 26 (Reuters) - Gazit-Globe, Israel's
largest real estate development company, swung to a net loss in
the first quarter due to a revaluation of the company's
financial derivatives.
Read more
largest real estate development company, swung to a net loss in
the first quarter due to a revaluation of the company's
financial derivatives.
Read more
Electra Private Equity names activist investor Bramson as interim CEO
LONDON, May 26 (Reuters) - Electra Private Equity
on Thursday appointed activist investor Edward Bramson as
interim chief executive and served notice on its investment
manager Electra Partners, as...
Read more
on Thursday appointed activist investor Edward Bramson as
interim chief executive and served notice on its investment
manager Electra Partners, as...
Read more
Britain to consult on steel pensions in drive to find buyer for Tata Steel UK
LONDON, May 26 (Reuters) - Britain's government said on
Thursday it had launched a consultation to overhaul the
deficit-laden British Steel Pension Scheme, a major stumbling
block for potential...
Read more
Thursday it had launched a consultation to overhaul the
deficit-laden British Steel Pension Scheme, a major stumbling
block for potential...
Read more
Wednesday, May 25, 2016
BRIEF-New York REIT says combined entity will trade on NYSE under ticker "JBG" - Conf Call
* Combined entity will change its name to JBG Realty Trust,
Inc, and trade on the NYSE under the ticker "JBG" - conf call
Read more
Inc, and trade on the NYSE under the ticker "JBG" - conf call
Read more
Australia raises concerns over $6.5 bln Asciano buyout
SYDNEY, May 26 (Reuters) - Australia's antitrust watchdog
said on Thursday a proposed A$9.1 billion ($6.5 billion) buyout
of rail and port giant Asciano Ltd by a host of global
investors may hurt...
Read more
said on Thursday a proposed A$9.1 billion ($6.5 billion) buyout
of rail and port giant Asciano Ltd by a host of global
investors may hurt...
Read more
UPDATE 1-New York REIT, JBG combine to form $8.4 bln real estate company
May 25 (Reuters) - New York REIT Inc said it would
combine with privately held JBG Companies to create an $8.4
billion real estate investment trust focused on New York and
Washington D.C.
Read more
combine with privately held JBG Companies to create an $8.4
billion real estate investment trust focused on New York and
Washington D.C.
Read more
Deals of the day-Mergers and acquisitions
May 25 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Wednesday:
Read more
and disposals were reported by 2000 GMT on Wednesday:
Read more
UPDATE 1-Aetna-Humana tie-up is anti-competitive in Missouri -state regulator
NEW YORK, May 25 (Reuters) - A tie-up of Aetna Inc
and Humana Inc would be anti-competitive in Missouri for
several types of insurance, including individual Medicare
Advantage plans where the...
Read more
and Humana Inc would be anti-competitive in Missouri for
several types of insurance, including individual Medicare
Advantage plans where the...
Read more
BRIEF-Rye Patch signs agreement to acquire Florida Canyon gold mine
* Rye patch signs agreement to acquire Florida Canyon gold
mine and commitment letter for a US$27 million credit facility
for mine restart
Read more
mine and commitment letter for a US$27 million credit facility
for mine restart
Read more
BRIEF-Alaska Air says happy to work with DOJ on merger with Virgin-Wolfe Research Transportation Conf
* Alaska Air Group CFO Brandon Pedersen says happy to work
with DOJ and answer any questions regarding merger with Virgin
America-Wolfe Research Transportation Conf
Read more
with DOJ and answer any questions regarding merger with Virgin
America-Wolfe Research Transportation Conf
Read more
AT&T bids for Yahoo's internet business - Bloomberg
May 25 (Reuters) - AT&T Inc, the No. 2 U.S. wireless
carrier, has made a bid for Yahoo Inc's internet
business, Bloomberg reported on Wednesday, citing people
familiar with the matter.
Read more
carrier, has made a bid for Yahoo Inc's internet
business, Bloomberg reported on Wednesday, citing people
familiar with the matter.
Read more
UPDATE 1-Israeli firms team up for high-speed 3D stem cell printing
JERUSALEM, May 25 (Reuters) - Israeli 3D printer firm Nano
Dimension has successfully lab-tested a 3D bioprinter
for stem cells, paving the way for the potential printing of
large tissues and organs,...
Read more
Dimension has successfully lab-tested a 3D bioprinter
for stem cells, paving the way for the potential printing of
large tissues and organs,...
Read more
Alstom sues GE for breach of contract
May 25 (Reuters) - The French industrial company Alstom SA
has filed a U.S. lawsuit accusing General Electric Co
of breaching a contract related to the latter's sale of a
rail signaling business...
Read more
has filed a U.S. lawsuit accusing General Electric Co
of breaching a contract related to the latter's sale of a
rail signaling business...
Read more
Qatar's Texas LNG venture expects to begin exports by 2021 -advisor
DOHA, May 25 (Reuters) - Top liquefied natural gas (LNG)
exporter Qatar expects exports from its Golden Pass joint
venture in Texas to begin in 2021, an advisor to the government
said on Wednesday.
Read more
exporter Qatar expects exports from its Golden Pass joint
venture in Texas to begin in 2021, an advisor to the government
said on Wednesday.
Read more
BRIEF-Medivation says urges stockholders to reject Sanofi's attempt to replace co's board of directors
* Medivation urges stockholders to reject sanofi's attempt
to replace medivation board of directors
Read more
to replace medivation board of directors
Read more
UPDATE 2-Singapore exchange in talks to buy London's Baltic Exchange
* Potential deal valued at about $100 million - source
(Updates with SGX, Baltic Exchange confirmation)
Read more
(Updates with SGX, Baltic Exchange confirmation)
Read more
BRIEF-London's Baltic Exchange confirms entered into exclusive talks with Singapore's SGX over possible sale
May 25 (Reuters) - London's Baltic Exchange confirms entered
into exclusive talks with Singapore's SGX over
possible sale
The next phase will be to continue discussions with SGX and
consult with...
Read more
into exclusive talks with Singapore's SGX over
possible sale
The next phase will be to continue discussions with SGX and
consult with...
Read more
German firms don't seem unsettled by Brexit possibility economist
MUNICH, Germany, May 25 (Reuters) - German companies do not
appear to be concerned about the possibility of Britain leaving
the European Union after a vote on June 23, Ifo economist Klaus
Wohlrabe...
Read more
appear to be concerned about the possibility of Britain leaving
the European Union after a vote on June 23, Ifo economist Klaus
Wohlrabe...
Read more
BRIEF-Opera Software buyers confirm shareholders accept takeover bid
* The consortium behind the bid says the preliminary result,
which is subject to confirmation and may be adjusted, is that
offeror has received acceptances of offer for 90.6 pct of
outstanding share...
Read more
which is subject to confirmation and may be adjusted, is that
offeror has received acceptances of offer for 90.6 pct of
outstanding share...
Read more
UPDATE 1-Opera Software shareholders back Chinese takeover bid
* U.S. and Chinese authorities still need to approve deal
(Updates with confirmation, detail)
Read more
(Updates with confirmation, detail)
Read more
BRIEF-China Chuanglian acquires shares in Shenzhen Chuanglian Xinghui for RMB 5 mln
* Unit entered share transfer agreement in relation to
buying shares in shenzhen chuanglian xinghui for rmb5 million
Read more
buying shares in shenzhen chuanglian xinghui for rmb5 million
Read more
Tuesday, May 24, 2016
PRESS DIGEST- New York Times business news - May 25
May 25 (Reuters) - The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
PRESS DIGEST- Financial Times - May 25
May 25 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
RPT-Oil Search, InterOil should seek competition approvals for merger -PNG watchdog
SYDNEY, May 24 (Reuters) - Papua New Guinea may challenge
the $2.2 billion merger between Oil Search Ltd and
InterOil Corp if they fail to comply with
anti-competition procedures, the country's...
Read more
the $2.2 billion merger between Oil Search Ltd and
InterOil Corp if they fail to comply with
anti-competition procedures, the country's...
Read more
UPDATE 3-Monsanto rejects Bayer bid, but open to more talks
May 24 (Reuters) - Monsanto Co, the world's largest
seed company, turned down Bayer AG's $62 billion
acquisition bid as "incomplete and financially inadequate" on
Tuesday, but said it was open to...
Read more
seed company, turned down Bayer AG's $62 billion
acquisition bid as "incomplete and financially inadequate" on
Tuesday, but said it was open to...
Read more
BRIEF-HPE says "Deal is expected to be completed by March 2017" - CEO Meg Whitman on CSC merger
* Hewlett Packard Enterprise Co says "Equity stake
in the new company of $4.5 bln or a 50 pct stake" - CEO MEG
WHITMAN on CSC merger
Read more
in the new company of $4.5 bln or a 50 pct stake" - CEO MEG
WHITMAN on CSC merger
Read more
BRIEF-Dominion Citrus Income Fund to sell assets for $10.8 mln
* Dominion Citrus Income Fund says to sell assets of fund to
purchaser for an aggregate purchase price of $10.8 million
Read more
purchaser for an aggregate purchase price of $10.8 million
Read more
BRIEF-HP Enterprise to merge enterprise unit with Computer Sciences
* Transaction will deliver HPE shareholders approximately
$8.5 billion in expected after-tax value in stock-for-stock
exchange
Read more
$8.5 billion in expected after-tax value in stock-for-stock
exchange
Read more
Nasdaq rejects listing application by cannabis social network
NEW YORK, May 24 (Reuters) - Stock exchange operator Nasdaq
has rejected a listing application by MassRoots Inc on
the grounds that it may aid in the use and dealing of an illegal
substance, the...
Read more
has rejected a listing application by MassRoots Inc on
the grounds that it may aid in the use and dealing of an illegal
substance, the...
Read more
Deals of the day- Mergers and acquisitions
May 24 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Tuesday:
Read more
and disposals were reported by 2000 GMT on Tuesday:
Read more
EU mergers and takeovers (May 24)
BRUSSELS, May 24 (Reuters) - The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
Read more
review by the European Commission and a brief guide to the EU
merger process:
Read more
Freeport staff to oversee transition at Tenke copper mine in Congo
KINSHASA, May 24 (Reuters) - The Chinese company buying
Freeport McMoRan Inc's majority stake in the Tenke
copper mine has told the Congolese government that Freeport
staff will oversee the operation...
Read more
Freeport McMoRan Inc's majority stake in the Tenke
copper mine has told the Congolese government that Freeport
staff will oversee the operation...
Read more
Williams, ETE trial and shareholder vote set for late June
NEW YORK, May 24 (Reuters) - Pipeline companies Williams Cos
Inc and Energy Transfer Equity LP said on
Tuesday that a trial over tax issues that threaten their $20
billion merger is scheduled to...
Read more
Inc and Energy Transfer Equity LP said on
Tuesday that a trial over tax issues that threaten their $20
billion merger is scheduled to...
Read more
UPDATE 1-BTG Pactual to seek Generali indemnity over BSI's 1MDB link, source says
SAO PAULO, May 24 (Reuters) - Grupo BTG Pactual SA
is seeking indemnity from Swiss private bank BSI
SA's prior owner after losses tied to dealings with a troubled
Malaysian fund led to EFG...
Read more
is seeking indemnity from Swiss private bank BSI
SA's prior owner after losses tied to dealings with a troubled
Malaysian fund led to EFG...
Read more
BRIEF-Viacom board poised for Sumner Redstone to make changes - CNBC
* Viacom Board Poised For Sumner Redstone To Make Changes;
Board Still Focused On Delivering Paramount Deal - CNBC
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
Board Still Focused On Delivering Paramount Deal - CNBC
Further company coverage:
(Bengaluru Newsroom: +1-646-223-8780)
Read more
UPDATE 1-Anthem CEO expects U.S. regulatory decision in July
NEW YORK, May 24 (Reuters) - Anthem Inc Chief
Executive Officer Joseph Swedish said on Tuesday the health
insurer was pushing for approval from antitrust regulators
reviewing its acquisition of Cigna...
Read more
Executive Officer Joseph Swedish said on Tuesday the health
insurer was pushing for approval from antitrust regulators
reviewing its acquisition of Cigna...
Read more
TransDigm to buy ILC Holdings for $1 bln
May 24 (Reuters) - Aircraft components maker TransDigm Group
Inc said on Tuesday it would buy ILC Holdings Inc from
private equity firm Behrman Capital for $1 billion in cash.
Read more
Inc said on Tuesday it would buy ILC Holdings Inc from
private equity firm Behrman Capital for $1 billion in cash.
Read more
BRIEF-Cliffs Natural Resources announces agreements with Minnesota Power
* Will receive $31 million dollars in cash as part of
long-term purchased power arrangement for its Northshore
operation
Read more
long-term purchased power arrangement for its Northshore
operation
Read more
BRIEF-Hecla Mining to acquire Mines Management Inc
* In proposed merger, each outstanding common share of Mines
Management will be exchanged for 0.2218 of a common share of
Hecla
Source text for Eikon:
Further company coverage:
(Bengaluru...
Read more
Management will be exchanged for 0.2218 of a common share of
Hecla
Source text for Eikon:
Further company coverage:
(Bengaluru...
Read more
BRIEF-Orezone Gold agreed to sell its Bondi gold project to Sarama Resources
* Agreed to sell its Bondi gold project to Sarama Resources
(tsx venture:swa) in an all share deal
Read more
(tsx venture:swa) in an all share deal
Read more
UPDATE 1-Indonesia renews Newmont Mining's copper export licence for six months
JAKARTA, May 24 (Reuters) - Indonesia's mining ministry
recommended renewing the export licence for the local unit of
U.S. copper and gold miner Newmont Mining Corp to export
copper concentrate for...
Read more
recommended renewing the export licence for the local unit of
U.S. copper and gold miner Newmont Mining Corp to export
copper concentrate for...
Read more
Oil Search, InterOil should seek competition approvals for merger -PNG watchdog
SYDNEY, May 24 (Reuters) - Papua New Guinea may challenge
the $2.2 billion merger between Oil Search Ltd and
InterOil Corp if they fail to comply with
anti-competition procedures, the country's...
Read more
the $2.2 billion merger between Oil Search Ltd and
InterOil Corp if they fail to comply with
anti-competition procedures, the country's...
Read more
BRIEF-Opera Software bid acceptance rate rises to 84 pct
* A total of 84 percent of shareholders have said they
either accept the bid or will accept the bid by Tuesday's 1430
GMT deadline
Read more
either accept the bid or will accept the bid by Tuesday's 1430
GMT deadline
Read more
BRIEF-Ebay announced an agreement to acquire Ticketbis
* Acquisition of ticketbis is not expected to impact q2 2016
or full year 2016 guidance that ebay provided most recently
Read more
or full year 2016 guidance that ebay provided most recently
Read more
BRIEF-NEL partners with Praxair for Norwegian hydrogen refulleling station
* Uno-X Hydrogen AS, a NEL ASA joint venture, has entered into an agreement
with a Norwegian affiliate of Praxair as a strategic alliance to install
20 hydrogen refuelling stations, covering all the...
Read more
with a Norwegian affiliate of Praxair as a strategic alliance to install
20 hydrogen refuelling stations, covering all the...
Read more
Monday, May 23, 2016
UPDATE 1-Barington Capital launches proxy fight against U.S. retailer Chico's - source
May 23 (Reuters) - Barington Capital has nominated two
directors to join the board of Chico's FAS Inc's, in a
proxy fight that targets high expenses and weak stock returns at
the women's apparel...
Read more
directors to join the board of Chico's FAS Inc's, in a
proxy fight that targets high expenses and weak stock returns at
the women's apparel...
Read more
BRIEF-Norwegian Air increases Boeing Dreamliner, MAX8 fleets
* Arctic Aviation Assets Ltd (AAA), a fully owned subsidiary
of Norwegian, has signed a letter of agreement with CIT
Aerospace for two Boeing 787-9 Dreamliners with delivery in
2018. A fully owned...
Read more
of Norwegian, has signed a letter of agreement with CIT
Aerospace for two Boeing 787-9 Dreamliners with delivery in
2018. A fully owned...
Read more
BRIEF-Principal stakeholders and KGI enter into a letter of intent for potential acquisition of Catalyst Paper
* Board received expression of intent among Kejriwal group
and four largest shareholders of co holding about 79% of common
shares
Read more
and four largest shareholders of co holding about 79% of common
shares
Read more
UPDATE 1-Polycom to discuss PE offer in challenge to Mitel
May 23 (Reuters) - Video conferencing equipment maker
Polycom Inc said on Monday it received a revised
proposal from a private equity firm that could be "superior" to
Mitel Networks Corp's offer.
Read more
Polycom Inc said on Monday it received a revised
proposal from a private equity firm that could be "superior" to
Mitel Networks Corp's offer.
Read more
PRESS DIGEST- British Business - May 24
May 24 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
BRIEF-General Cable to sell North American automotive ignition wire business
* General cable announces agreement to sell its north
american automotive ignition wire business
Read more
american automotive ignition wire business
Read more
Polycom to discuss revised offer from private equity firm
May 23 (Reuters) - Video conferencing equipment maker
Polycom Inc said on Monday it received a revised
proposal from a private equity firm that could be "superior" to
Mitel Networks Corp's offer.
Read more
Polycom Inc said on Monday it received a revised
proposal from a private equity firm that could be "superior" to
Mitel Networks Corp's offer.
Read more
BRIEF-Northern Power Systems to pursue strategic alternatives for utility scale wind unit
* Taking steps to realign its workforce and streamline
operations consistent with focus on sale of distributed energy
solutions
Read more
operations consistent with focus on sale of distributed energy
solutions
Read more
Groupe SEB buys Germany's WMF for 1.02 bln euros
FRANKFURT, May 23 (Reuters) - French household equipment
manufacturer Groupe SEB said on Monday it agreed to
buy German peer WMF for 1.02 billion euros ($1.14 billion) from
private equity firm KKR.
Read more
manufacturer Groupe SEB said on Monday it agreed to
buy German peer WMF for 1.02 billion euros ($1.14 billion) from
private equity firm KKR.
Read more
BRIEF-Varian Medical Systems plans to spin off imaging components business
May 23 (Reuters) - Varian Medical Says Expects To Incur An
$35 Mln In Charges For Transaction Advisory Services, Assuming
Spin
Read more
$35 Mln In Charges For Transaction Advisory Services, Assuming
Spin
Read more
Doubts mount over merger of health insurers Anthem, Cigna
May 23 (Reuters) - Wall Street expressed growing doubts
about a pending $54 billion merger of U.S. health insurers
Anthem Inc and Cigna Corp on Monday as news of
management squabbles added to...
Read more
about a pending $54 billion merger of U.S. health insurers
Anthem Inc and Cigna Corp on Monday as news of
management squabbles added to...
Read more
BRIEF-Bridgestone Americas announces divestiture of its Venezuela operations to The Corimon Group
* Bridgestone firestone Venezolana C.A. will now become
Alice Neumáticos De Venezuela, a company managed by Corimon
Group
Read more
Alice Neumáticos De Venezuela, a company managed by Corimon
Group
Read more
REFILE-UPDATE 1-Versace names former head of Alexander McQueen as new CEO
MILAN, May 23 (Reuters) - Italian fashion house Versace
named the former head of British brand Alexander McQueen as its
new chief executive, in an unexpected move ahead of a planned
stock market...
Read more
named the former head of British brand Alexander McQueen as its
new chief executive, in an unexpected move ahead of a planned
stock market...
Read more
BRIEF-Allergan CEO says company is "weeks away" from closing Teva deal
* Allergan CEO says company is free to do multibillion
dollar deals after Teva transaction closes
Read more
dollar deals after Teva transaction closes
Read more
UPDATE 1-Ford seeks partnerships as it looks beyond car-making
DETROIT, May 23 (Reuters) - Ford Motor Co Chairman
Bill Ford said on Monday the automaker would look for more
partnerships with other companies as it moves to expand beyond
manufacturing and selling...
Read more
Bill Ford said on Monday the automaker would look for more
partnerships with other companies as it moves to expand beyond
manufacturing and selling...
Read more
UPDATE 1-General Atlantic buys majority stake in Argus Media
LONDON, May 23 (Reuters) - U.S. investment firm General
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion...
Read more
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion...
Read more
UPDATE 2-Ares Capital to buy American Capital for $3.4 bln
May 23 (Reuters) - Ares Capital Corp, an investment
company focused on mid-sized firms, is buying smaller rival
American Capital Ltd in a cash-and-stock deal valued at
$3.4 billion to better fill the...
Read more
company focused on mid-sized firms, is buying smaller rival
American Capital Ltd in a cash-and-stock deal valued at
$3.4 billion to better fill the...
Read more
General Atlantic to acquire majority stake in Argus Media
LONDON, May 23 (Reuters) - U.S. investment firm General
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion...
Read more
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion...
Read more
Bayer CEO seeks to quell expectations of higher Monsanto offer
FRANKFURT, May 23 (Reuters) - Bayer's chief
executive on Monday said the German drugmaker' s proposed bid
for U.S. seeds maker Monsanto reflected Monsanto's full
value, when asked whether a sweetened...
Read more
executive on Monday said the German drugmaker' s proposed bid
for U.S. seeds maker Monsanto reflected Monsanto's full
value, when asked whether a sweetened...
Read more
BRIEF-Gannett to review whether to proceed with bid for Tribune
* Gannett issues statement regarding all-cash premium offer
to acquire Tribune Publishing Company
Read more
to acquire Tribune Publishing Company
Read more
BRIEF-Patrick Industries completes acquisition of certain assets of Cana Holdings and subsidiaries
* Completed acquisition of business and certain assets of
Cana Holdings Inc And its subsidiaries
Read more
Cana Holdings Inc And its subsidiaries
Read more
BRIEF-Computer Sciences Corp announces Aspediens acquisition
* Aspediens transaction is expected to close June 30, 2016,
subject to customary closing conditions
Read more
subject to customary closing conditions
Read more
EU mergers and takeovers (May 23)
BRUSSELS, May 23 (Reuters) - The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
Read more
review by the European Commission and a brief guide to the EU
merger process:
Read more
BRIEF-Vector Capital sends letter to Covisint board saying "it is time to sell the company"
* Says it has concluded that only as a private company can
Covisint Corp realize its full potential
Read more
Covisint Corp realize its full potential
Read more
Many Croats won't wait around for promised business reforms
ZAGREB, May 23 (Reuters) - Like many Croats, Marino Rescek
is looking for work abroad after years of hoping that prospects
will improve at home have brought nothing but frustration, and
reforms that...
Read more
is looking for work abroad after years of hoping that prospects
will improve at home have brought nothing but frustration, and
reforms that...
Read more
Bayer shareholder warns against overpaying for Monsanto
FRANKFURT, May 23 (Reuters) - Bayer shareholder
Union Investment, a German mutual fund company, said it was
bracing for Bayer paying more for Monsanto than what the
German drugmaker is currently...
Read more
Union Investment, a German mutual fund company, said it was
bracing for Bayer paying more for Monsanto than what the
German drugmaker is currently...
Read more
Fertilizer maker CF Industries, OCI end merger deal
May 23 (Reuters) - U.S. fertilizer maker CF Industries
Holdings Inc and Dutch rival OCI NV ended their
merger agreement on Monday, following the U.S. Treasury's steps
to curb tax avoiding inversion...
Read more
Holdings Inc and Dutch rival OCI NV ended their
merger agreement on Monday, following the U.S. Treasury's steps
to curb tax avoiding inversion...
Read more
BRIEF-KLX Inc Q1 adjusted EPS $0.42
* When cost reduction initiatives completed, will have
reduced esg headcount by up to 55%, from staffing levels in
place at beginning of last fy
Read more
reduced esg headcount by up to 55%, from staffing levels in
place at beginning of last fy
Read more
Chinese courier SF Holdings to gain market listing in $6.6 bln Maanshan Dingtai deal
HONG KONG, May 23 (Reuters) - Ambitious Chinese courier
company SF Holdings (Group) will gain a stock market presence in
a 43.3 billion yuan ($6.61 billion) deal with Maanshan Dingtai
Rare Earth and...
Read more
company SF Holdings (Group) will gain a stock market presence in
a 43.3 billion yuan ($6.61 billion) deal with Maanshan Dingtai
Rare Earth and...
Read more
Bayer CEO expects Monsanto to respond positively to deal proposal
FRANKFURT, May 23 (Reuters) - German drugs and pesticides
group Bayer said it was confident that Monsanto
would take a positive view of its $62 billion takeover
proposal.
Read more
group Bayer said it was confident that Monsanto
would take a positive view of its $62 billion takeover
proposal.
Read more
Sunday, May 22, 2016
Bayer announces $62 billion offer for Monsanto
FRANKFURT, May 23 (Reuters) - German drugs and chemicals
group Bayer AG said it had made an offer to buy U.S.
seeds company Monsanto Co for $122 per share in cash, or
a total value of $62 billion, to...
Read more
group Bayer AG said it had made an offer to buy U.S.
seeds company Monsanto Co for $122 per share in cash, or
a total value of $62 billion, to...
Read more
Regulator asks China Molybdenum how it will finance Brazil buy
SHANGHAI, May 23 (Reuters) - China Molybdenum (CMOC)
said Chinese regulators have asked it to disclose
how it will finance its $1.5 billion acquisition of Anglo
American Plc's niobium and phosphates...
Read more
said Chinese regulators have asked it to disclose
how it will finance its $1.5 billion acquisition of Anglo
American Plc's niobium and phosphates...
Read more
PRESS DIGEST- British Business - May 23
May 23 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
UPDATE 1-Anthem, Cigna merger squabbles could delay antitrust approval -WSJ
WASHINGTON, May 22 (Reuters) - Quarrels have broken out
behind the scenes of Anthem Inc's proposed acquisition
of Cigna Corp, as the health insurers seek regulatory
approval for their landmark deal,...
Read more
behind the scenes of Anthem Inc's proposed acquisition
of Cigna Corp, as the health insurers seek regulatory
approval for their landmark deal,...
Read more
Anthem, Cigna merger squabbles could delay antitrust approval - WSJ
WASHINGTON, May 22 (Reuters) - Quarrels have broken out
behind the scenes of Anthem Inc's proposed acquisition
of Cigna Corp, as the health insurers seek regulatory
approval for their landmark deal,...
Read more
behind the scenes of Anthem Inc's proposed acquisition
of Cigna Corp, as the health insurers seek regulatory
approval for their landmark deal,...
Read more
UPDATE 2-Phillips 66 in final stages of selling Ireland's only oil refinery - sources
LONDON, May 21 (Reuters) - U.S. energy group Phillips 66
is in the final stages of selling the only oil refinery
in Ireland, a source familiar with negotiations said on
Saturday.
Read more
is in the final stages of selling the only oil refinery
in Ireland, a source familiar with negotiations said on
Saturday.
Read more
UPDATE 1-Sumner Redstone removes Viacom CEO and board member from trust
May 20 (Reuters) - Media mogul Sumner Redstone has removed
Viacom CEO Philippe Dauman and Viacom board member
George Abrams from the seven-person trust that will determine
the fate of both Viacom and...
Read more
Viacom CEO Philippe Dauman and Viacom board member
George Abrams from the seven-person trust that will determine
the fate of both Viacom and...
Read more
Friday, May 20, 2016
UPDATE 1-Avaya's private equity owners explore sale -sources
May 20 (Reuters) - Buyout firms Silver Lake Partners LP and
TPG Capital LP are considering a sale of telecommunications
equipment company Avaya Inc that could value it at between $6
billion and $10...
Read more
TPG Capital LP are considering a sale of telecommunications
equipment company Avaya Inc that could value it at between $6
billion and $10...
Read more
BRIEF-Actions Semiconductor says received "going private" proposal
* According to proposal letter, consortium members
beneficially owned, in aggregate, about 34.61% of co's
outstanding share capital
Read more
beneficially owned, in aggregate, about 34.61% of co's
outstanding share capital
Read more
Alberta court ruling may trigger rise in orphaned wells -lawyers
CALGARY, Alberta, May 20 (Reuters) - Lawyers in Canada's
energy capital Calgary warned on Friday that a judge's decision
to grant lenders priority over environmental clean-up costs in
oil and gas...
Read more
energy capital Calgary warned on Friday that a judge's decision
to grant lenders priority over environmental clean-up costs in
oil and gas...
Read more
BRIEF-Starwood Capital Group-Brookfield JV agrees to sell Interhotel portfolio in Germany
* Starwood Capital Group Says Terms Of Transaction Which is
expected to be completed in august 2016-were not disclosed
Read more
expected to be completed in august 2016-were not disclosed
Read more
UPDATE 1-Shareholders in Brazil's BM&FBovespa, Cetip approve tie-up
SAO PAULO, May 20 (Reuters) - Shareholders of BM&FBovespa SA
and Cetip SA Mercados Organizados agreed on Friday to combine
their businesses, blessing the creation of a regional operation
with...
Read more
and Cetip SA Mercados Organizados agreed on Friday to combine
their businesses, blessing the creation of a regional operation
with...
Read more
BRIEF-Pinnacle Financial Partners gets regulatory approvals to buy Avenue Financial Holdings
* Pinnacle Financial Partners obtains regulatory approvals
to acquire Avenue Financial Holdings
Read more
to acquire Avenue Financial Holdings
Read more
Cetip agrees to be acquired by Brazilian rival BM&FBovespa
SAO PAULO, May 20 (Reuters) - Shareholders in Cetip SA
Mercados Organizados, Latin America's largest
securities clearinghouse, agreed on Friday to a takeover by
Brazilian bourse BM&FBovespa SA,...
Read more
Mercados Organizados, Latin America's largest
securities clearinghouse, agreed on Friday to a takeover by
Brazilian bourse BM&FBovespa SA,...
Read more
Local banking sector should be mostly Polish -c.bank head-designate
WARSAW, May 20 (Reuters) - Poland's central bank
governor-designate Adam Glapinski called on Friday to reverse
the present ownership structure in the Polish banking sector,
which is 60-percent owned...
Read more
governor-designate Adam Glapinski called on Friday to reverse
the present ownership structure in the Polish banking sector,
which is 60-percent owned...
Read more
Deals of the day- Mergers and acquisitions
May 20 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1330 GMT on Friday:
Read more
and disposals were reported by 1330 GMT on Friday:
Read more
BRIEF-Knowles to sell mobile consumer electronics speaker & receiver product line
* Knowles enters into definitive agreement to sell mobile
consumer electronics speaker & receiver product line
Read more
consumer electronics speaker & receiver product line
Read more
Top Bayer investor says 'furious' at company over Monsanto bid
LONDON, May 20 (Reuters) - A top investor in German
chemicals company Bayer has said on Friday he was
"furious" at the company's refusal to engage with him over its
recent bid for U.S. rival Monsanto.
Read more
chemicals company Bayer has said on Friday he was
"furious" at the company's refusal to engage with him over its
recent bid for U.S. rival Monsanto.
Read more
Ford to recall 48,700 EcoSport SUVs in India
NEW DELHI, May 20 (Reuters) - Ford Motor Co has issued
a voluntary recall of 48,700 EcoSport sport-utility vehicles
(SUVs) in India to fix faulty fuel and brake lines and rear
folding seats, the...
Read more
a voluntary recall of 48,700 EcoSport sport-utility vehicles
(SUVs) in India to fix faulty fuel and brake lines and rear
folding seats, the...
Read more
BRIEF-China Metro-Rural says to effectuate privatization through merger with subsidiary
* Says company intends to effectuate privatization through a
merger with an indirect wholly-owned subsidiary
Read more
merger with an indirect wholly-owned subsidiary
Read more
EU mergers and takeovers (May 20)
BRUSSELS, May 20 (Reuters) - The following are mergers under
review by the European Commission and a brief guide to the EU
merger process:
Read more
review by the European Commission and a brief guide to the EU
merger process:
Read more
BRIEF-WL Ross sells 20 pct of VTG AG, completing a EUR358 million divestiture
* Affiliate CEW Germany GMBH sold about 20 percent of
outstanding shares in Vtg Aktiengesellschaft to Kuehne Holding
AG
Read more
outstanding shares in Vtg Aktiengesellschaft to Kuehne Holding
AG
Read more
Manulife US REIT debuts in Singapore slightly below IPO price
SINGAPORE, May 20 (Reuters) - Units in newly listed real
estate investment trust Manulife US REIT opened on
Friday in Singapore at $0.82, slightly below their offer price
in a $519.2 million sale,...
Read more
estate investment trust Manulife US REIT opened on
Friday in Singapore at $0.82, slightly below their offer price
in a $519.2 million sale,...
Read more
Thursday, May 19, 2016
Tesla raises $1.46 bln in stock sale - IFR
Bengaluru, May 19 (Reuters) - Tesla Motors Inc has
raised $1.46 billion in fresh capital from the sale of its 6.8
million new common stock offering, according to IFR.
Read more
raised $1.46 billion in fresh capital from the sale of its 6.8
million new common stock offering, according to IFR.
Read more
PRESS DIGEST - Wall Street Journal - May 20
May 20 (Reuters) - The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Read more
PRESS DIGEST- British Business - May 20
May 20 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
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UPDATE 1-Oil Search makes $2.2 bln bid for PNG rival InterOil
MELBOURNE, May 20 (Reuters) - Oil Search Ltd has
agreed on a takeover offer worth $2.2 billion for its Papua New
Guinea rival InterOil Corp and said on Friday it would
sell part of InterOil's key...
Read more
agreed on a takeover offer worth $2.2 billion for its Papua New
Guinea rival InterOil Corp and said on Friday it would
sell part of InterOil's key...
Read more
Mail-order catalog company Sundance explores sale -sources
May 19 (Reuters) - Sundance Holdings Group LLC, the U.S.
artisan mail-order catalog company founded by actor Robert
Redford, is working with investment bank Lazard Ltd to
explore a sale of the...
Read more
artisan mail-order catalog company founded by actor Robert
Redford, is working with investment bank Lazard Ltd to
explore a sale of the...
Read more
Oil Search makes $2.2 bln bid for PNG rival InterOil
MELBOURNE, May 20 (Reuters) - Oil Search Ltd has
agreed on a takeover offer worth $2.2 billion for its Papua New
Guinea rival InterOil Corp and said on Friday it would
sell part of InterOil's key...
Read more
agreed on a takeover offer worth $2.2 billion for its Papua New
Guinea rival InterOil Corp and said on Friday it would
sell part of InterOil's key...
Read more
BRIEF-Huttig says adopted rights plan to protect net operating loss carryforwards
* Huttig adopts rights plan to protect net operating loss
carryforwards
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carryforwards
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BRIEF-FDIC approves merger of Harmony Bank into Lakeland Bank
* Proposed merger subject to approval of Harmony Bank's
shareholders, and to certain other conditions
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shareholders, and to certain other conditions
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Energy sector ripe for dealmaking, timing uncertain -execs, bankers
HOUSTON, May 19 (Reuters) - The troubled U.S. oil and gas
sector is ripe for a wave of acquisitions, though the timing is
uncertain, energy executives and bankers said on Thursday.
Read more
sector is ripe for a wave of acquisitions, though the timing is
uncertain, energy executives and bankers said on Thursday.
Read more
UPDATE 1-Cargill in talks to sell two European soy crushing plants-sources
LONDON, May 19 (Reuters) - Agricultural commodities trader
Cargill Inc is in talks to sell two crushing plants in
Western Europe, sources with knowledge of the matter said.
Read more
Cargill Inc is in talks to sell two crushing plants in
Western Europe, sources with knowledge of the matter said.
Read more
France to remain long-term investor in merged TechnipFMC-source
PARIS, May 19 (Reuters) - The French government will remain
a long-term shareholder in the merged Technip-FMC group and sees
as important that it keeps a strong French presence, a source at
the...
Read more
a long-term shareholder in the merged Technip-FMC group and sees
as important that it keeps a strong French presence, a source at
the...
Read more
Cargill in talks to sell two European soy crushing plants-sources
LONDON, May 19 (Reuters) - Agricultural commodities trader
Cargill Inc is in talks to sell two crushing plants in
Western Europe, sources with knowledge of the matter said.
Read more
Cargill Inc is in talks to sell two crushing plants in
Western Europe, sources with knowledge of the matter said.
Read more
LPC: US second-lien market could be primed to reopen to syndications
NEW YORK, May 19 (Reuters) - Banks are considering
underwriting second-lien deals again after the market virtually
shut down in late 2015, creating a trend that has been described
as BYOJ, or "bring...
Read more
underwriting second-lien deals again after the market virtually
shut down in late 2015, creating a trend that has been described
as BYOJ, or "bring...
Read more
BRIEF-Church & Dwight co comments on market speculation
* Not engaged in discussions with, nor has it received any
proposal or communication concerning a potential bid for company
Read more
proposal or communication concerning a potential bid for company
Read more
Deals of the day- Mergers and acquisitions
May 19 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1340 GMT on Thursday:
Read more
and disposals were reported by 1340 GMT on Thursday:
Read more
BRIEF-WL Ross Holding prices and allocates $655 mln senior secured term loan facility
* WL Ross Holding prices, allocates and upsizes senior
secured term loan facility associated with agreement to acquire
nexeo solutions
Read more
secured term loan facility associated with agreement to acquire
nexeo solutions
Read more
BRIEF-CIT acts as joint lead arranger in Blue Wolf Capital, National Home Health Care deal
* CIT Healthcare Finance serveed as joint lead arranger in
$65 million financing of blue wolf capital partners' acquisition
of national home health care
Read more
$65 million financing of blue wolf capital partners' acquisition
of national home health care
Read more
Areva in talks with Gamesa, Siemens about Adwen offshore venture
PARIS, May 19 (Reuters) - French state-controlled nuclear
group Areva is in talks with its Spanish partner
Gamesa and Germany's Siemens about a
possible sale of Areva's stake in offshore wind joint...
Read more
group Areva is in talks with its Spanish partner
Gamesa and Germany's Siemens about a
possible sale of Areva's stake in offshore wind joint...
Read more
BRIEF-Competition bureau withdraws court challenge of Staples' acquisition of Office Depot
* Competition bureau withdrawing its court challenge of
staples' acquisition of office depot
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staples' acquisition of office depot
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UPDATE 1-Self storage REIT Sovran to buy LifeStorage for about $1.3 bln
May 19 (Reuters) - Real estate investment trust Sovran Self
Storage Inc said it had agreed to buy privately owned
self storage operator LifeStorage LP for about $1.3 billion in
cash to enter markets...
Read more
Storage Inc said it had agreed to buy privately owned
self storage operator LifeStorage LP for about $1.3 billion in
cash to enter markets...
Read more
BRIEF-Relevium Tech signs LOI to buy a controlling interest in Montreal-based distribution co
* Addition of new products estimated to materially increase
revenues and as well as branding strength of company
Read more
revenues and as well as branding strength of company
Read more
BRIEF-Simmons First says Citizens National to pay co fee of $3 mln on termination of agreement
* Termination fee of $3.0 million will be payable by
citizens national bank to co on termination of agreement under
certain circumstances
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citizens national bank to co on termination of agreement under
certain circumstances
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UPDATE 1-Temasek, CIC-KKR advance to 2nd round of Yum China stake sale -sources
* Yum shares have jumped 9.7 pct this year
(Adds China performance, comment, Temasek consumer deals)
Read more
(Adds China performance, comment, Temasek consumer deals)
Read more
BRIEF-Assa Abloy AB Assa abloy acquires mauer in Bulgaria
* Acquisition will be accretive to EPS from start
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Lufthansa CEO: Brexit could lead to lower travel demand
DUESSELDORF, Germany, May 19 (Reuters) - An exit of Britain
from the European Union could restrict economic growth and so
lead to lower demand for air travel, the chief executive of
major European...
Read more
from the European Union could restrict economic growth and so
lead to lower demand for air travel, the chief executive of
major European...
Read more
BRIEF-FMC Technologies and Technip to combine to form TechnipFMC
* Combined company, which will be called TechnipFMC, would
have an equity value of $13 billion based on pre-announcement
share prices
Read more
have an equity value of $13 billion based on pre-announcement
share prices
Read more
Technip, FMC Technologies to merge in all-stock deal
PARIS, May 19 (Reuters) - France's Technip
announced an all-stock merger with U.S. rival FMC Technologies
to create an oil services group with combined revenue of
$20 billion.
Read more
announced an all-stock merger with U.S. rival FMC Technologies
to create an oil services group with combined revenue of
$20 billion.
Read more
Wednesday, May 18, 2016
BRIEF-FMC Technologies and Technip to combine in TechnipFMC
* All-Stock transaction: Technip shareholders to receive 2.0 shares of combined company for
each share of Technip
Read more
each share of Technip
Read more
BRIEF-Bayer confirms preliminary discussion regarding acquisition of Monsanto
* Bayer says recently met with executives of monsanto to
privately discuss a negotiated acquisition of monsanto company
Read more
privately discuss a negotiated acquisition of monsanto company
Read more
BRIEF-Rexnord to acquire Cambridge International Holdings for $210 mln
* Rexnord to acquire Cambridge International Holdings Corp
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PRESS DIGEST- Financial Times - May 19
May 19 (Reuters) - The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Read more
Pacific Exploration backs Catalyst's restructuring bid
May 18 (Reuters) - Pacific Exploration & Production Corp
said its board was in favor of a restructuring proposal
submitted by Catalyst Capital Group, after comparing it with a
bid by EIG Global...
Read more
said its board was in favor of a restructuring proposal
submitted by Catalyst Capital Group, after comparing it with a
bid by EIG Global...
Read more
BRIEF-Pacific Exploration And Production board reaffirms creditor/catalyst restructuring deal
* Pacific exploration and production corp says board
reaffirms creditor/catalyst restructuring transaction
Read more
reaffirms creditor/catalyst restructuring transaction
Read more
UPDATE 1-Halcón reaches pact with creditors on prepackaged bankruptcy plan
May 18 (Reuters) - Halcón Resources Corp, which
produces oil in Texas and North Dakota, said on Wednesday it
plans to file for a prepackaged bankruptcy that would wipe out
$1.8 billion in debt and...
Read more
produces oil in Texas and North Dakota, said on Wednesday it
plans to file for a prepackaged bankruptcy that would wipe out
$1.8 billion in debt and...
Read more
UPDATE 2-Software group Nice Systems to buy inContact for $940 mln
JERUSALEM, May 18 (Reuters) - Israeli software provider Nice
Systems is to buy U.S.-based inContact, a
maker of cloud software for call centres, for about $940
million.
Read more
Systems is to buy U.S.-based inContact, a
maker of cloud software for call centres, for about $940
million.
Read more
Deals of the day-Mergers and acquisitions
May 18 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1600 GMT on Wednesday:
Read more
and disposals were reported by 1600 GMT on Wednesday:
Read more
UPDATE 2-U.S. grain handler Andersons rejects HC2's $1 bln bid
May 18 (Reuters) - Loss-making U.S. grain handler Andersons
Inc on Wednesday rejected a $1 billion takeover offer
from HC2 Holdings Inc as too low, calling the bid an
attempt to capitalize on a sharp...
Read more
Inc on Wednesday rejected a $1 billion takeover offer
from HC2 Holdings Inc as too low, calling the bid an
attempt to capitalize on a sharp...
Read more
MOVES-RBC hires U.S. co-heads of consumer and retail banking-sources
May 18 (Reuters) - Royal Bank of Canada has hired
two co-heads of U.S. consumer and retail investment banking in
New York, one from Wells Fargo & Co and another from
Credit Suisse Group AG, according...
Read more
two co-heads of U.S. consumer and retail investment banking in
New York, one from Wells Fargo & Co and another from
Credit Suisse Group AG, according...
Read more
UPDATE 1-Caesars offers to contribute $4 bln as part of unit's bankruptcy plan
CHICAGO, May 18 (Reuters) - A new proposal for the bankrupt
operating unit of Caesars Entertainment Corp to emerge
from Chapter 11 includes a $4 billion contribution from its
parent, a lawyer for the...
Read more
operating unit of Caesars Entertainment Corp to emerge
from Chapter 11 includes a $4 billion contribution from its
parent, a lawyer for the...
Read more
BRIEF-Golden Band announces court order obtained in regard to debt restructuring efforts
* Also entered into $1.2 million debtor-in-possession term
sheet with Camce Holding Inc, an affiliate of Procon Resources
Inc
Read more
sheet with Camce Holding Inc, an affiliate of Procon Resources
Inc
Read more
BRIEF-C&F Financial Corp says board reauthorized share repurchase program to buy up to $5 mln
* C&F Financial Corporation declares quarterly dividend and
reauthorizes share repurchase program
Read more
reauthorizes share repurchase program
Read more
BRIEF-Novanta to acquire Reach Technology, Inc.
* Novanta to acquire Reach Technology, Inc.
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Occidental says unaware of any takeover bid for Apache
HOUSTON, May 18 (Reuters) - Shares of U.S. independent oil
and gas producer Apache Corp rose more than 3 percent
early on Wednesday to $56.84 each, partly on an unverified
report it was the takeover...
Read more
and gas producer Apache Corp rose more than 3 percent
early on Wednesday to $56.84 each, partly on an unverified
report it was the takeover...
Read more
Charter Communications completes purchase of Time Warner Cable
WASHINGTON, May 18 (Reuters) - Charter Communications Inc
said Wednesday it has completed its acquisition of Time
Warner Cable Inc and Bright House Networks LLC, creating
the second-largest U.S....
Read more
said Wednesday it has completed its acquisition of Time
Warner Cable Inc and Bright House Networks LLC, creating
the second-largest U.S....
Read more
UPDATE 1-HK regulator says Alibaba broke takeover rules with "special deal"
HONG KONG, May 18 (Reuters) - Hong Kong's securities
regulator said that Chinese e-commerce giant Alibaba Group
Holding Ltd breached takeover rules in the purchase of
a healthcare firm in 2014...
Read more
regulator said that Chinese e-commerce giant Alibaba Group
Holding Ltd breached takeover rules in the purchase of
a healthcare firm in 2014...
Read more
UPDATE 1-Fitbit buys mobile payment technology from Silicon Valley startup
May 18 (Reuters) - Fitbit Inc said it bought
wearable payment technology assets from Silicon Valley-based
startup Coin, as it looks to allow users to make payments
through its popular line of...
Read more
wearable payment technology assets from Silicon Valley-based
startup Coin, as it looks to allow users to make payments
through its popular line of...
Read more
Fitbit buys mobile payment technology from Silicon Valley startup
May 18 (Reuters) - Fitbit Inc said it bought
wearable payment technology assets from Silicon Valley-based
startup Coin, as it looks to develop mobile payment technology
for its wearable fitness...
Read more
wearable payment technology assets from Silicon Valley-based
startup Coin, as it looks to develop mobile payment technology
for its wearable fitness...
Read more
Deals of the day- Mergers and acquisitions
May 18 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1330 GMT on Wednesday:
Read more
and disposals were reported by 1330 GMT on Wednesday:
Read more
BRIEF-UK's CMA investigating Acadia Healthcare's Priory Group deal
* UK's CMA is investigating the completed acquisition by
Acadia Healthcare Company Inc of Priory Group No. 1
Limited
Link to press release: (http://bit.ly/1qtyvjc)
Further company coverage:
...
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Acadia Healthcare Company Inc of Priory Group No. 1
Limited
Link to press release: (http://bit.ly/1qtyvjc)
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UPDATE 2-Goldman Sachs Asset Management may exit Australia equities business- sources
* Options include sale to third party, management buyout
(Adds background on India sale, performance of IB business)
Read more
(Adds background on India sale, performance of IB business)
Read more
BRIEF-Fedex declares offer for TNT Express unconditional
* Remaining tnt express shares can be tendered during
post-closing acceptance period, commencing on 19 may 2016 and
ending on 1 june 2016
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post-closing acceptance period, commencing on 19 may 2016 and
ending on 1 june 2016
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Tuesday, May 17, 2016
UPS, SAP team up for on-demand 3D printing network
May 18 (Reuters) - United Parcel Service Inc, the
world's largest package delivery company, said on Wednesday it
will expand the 3D printing services provided through its UPS
Stores to create an...
Read more
world's largest package delivery company, said on Wednesday it
will expand the 3D printing services provided through its UPS
Stores to create an...
Read more
Asciano says sale approvals delayed until after Australian vote
SYDNEY, May 18 (Reuters) - Australian ports and railway
company Asciano Ltd on Wednesday said its A$9.1 billion
($6.65 billion) sale to an international consortium will be
pushed back by regulatory...
Read more
company Asciano Ltd on Wednesday said its A$9.1 billion
($6.65 billion) sale to an international consortium will be
pushed back by regulatory...
Read more
UPDATE 2-HC2 offers $1 bln to buy U.S. grain handler Andersons
May 17 (Reuters) - HC2 Holdings Inc, a company run
by former hedge fund manager Philip Falcone, said on Tuesday it
has made a bid to buy U.S. grain handler Andersons Inc
for about $1 billion in cash.
Read more
by former hedge fund manager Philip Falcone, said on Tuesday it
has made a bid to buy U.S. grain handler Andersons Inc
for about $1 billion in cash.
Read more
UPDATE 1-U.S. banks scrutinize SWIFT security after hacks -reports
May 17 (Reuters) - Major U.S. banks are scrutinizing
security of the SWIFT messaging network following cyber attacks
in Bangladesh and Vietnam involving fraudulent transfer
requests, according to...
Read more
security of the SWIFT messaging network following cyber attacks
in Bangladesh and Vietnam involving fraudulent transfer
requests, according to...
Read more
UPDATE 1-Brazil regulator renews two Petrobras offshore leases for 27 years
RIO DE JANEIRO, May 17 (Reuters) - Brazilian petroleum
regulator ANP said on Tuesday that it extended state-run oil
company Petroleo Brasileiro SA's concessions to
explore and produce oil from the...
Read more
regulator ANP said on Tuesday that it extended state-run oil
company Petroleo Brasileiro SA's concessions to
explore and produce oil from the...
Read more
Judge agreed with U.S. regulators' qualms over Staples merger
WASHINGTON, May 17 (Reuters) - The U.S. judge who stopped
Staples Inc's proposed merger with Office Depot Inc
last week agreed with antitrust enforcers that the deal
would have meant higher prices...
Read more
Staples Inc's proposed merger with Office Depot Inc
last week agreed with antitrust enforcers that the deal
would have meant higher prices...
Read more
BRIEF-Transcanada says U.S. FTC terminated Hart-Scott-Rodino waiting period early for Columbia Pipeline acquisition
* Transcanada announces early termination of
Hart-Scott-Rodino waiting period for anticipated Columbia
Pipeline Group acquisition
Read more
Hart-Scott-Rodino waiting period for anticipated Columbia
Pipeline Group acquisition
Read more
Deals of the day-Mergers and acquisitions
May 17 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1600 GMT on Tuesday:
Read more
and disposals were reported by 1600 GMT on Tuesday:
Read more
Viacom, AmEx to help advertisers target TV viewers
May 17 (Reuters) - Viacom Inc and American Express
Co on Tuesday said they will launch a data-driven
product aimed at providing television advertisers deeper
understanding into consumers' future...
Read more
Co on Tuesday said they will launch a data-driven
product aimed at providing television advertisers deeper
understanding into consumers' future...
Read more
BRIEF-Valeant said to weight sale of skin, cancer drugs to reduce debt - Streetinsider.com citing Bloomberg
* Valeant Pharmaceuticals said to weight sale of skin,
cancer drugs to reduce debt - Streetinsider.com citing Bloomberg
Source: (http://bit.ly/25aHN6N)
Further company coverage:
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cancer drugs to reduce debt - Streetinsider.com citing Bloomberg
Source: (http://bit.ly/25aHN6N)
Further company coverage:
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Samson Resources' banks to gain ownership in new bankruptcy plan
May 17 (Reuters) - Samson Resources Corp, one of the largest
energy companies to file for bankruptcy in the commodity
downturn, proposed a new Chapter 11 exit plan on Tuesday that
would swap...
Read more
energy companies to file for bankruptcy in the commodity
downturn, proposed a new Chapter 11 exit plan on Tuesday that
would swap...
Read more
BRIEF-United Tech says will look for deal in elevator manufacturing space - Conf
* United Technologies Corp says cautiously optimistic on
China - Electrical Products Group Conf
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China - Electrical Products Group Conf
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BRIEF-UK's CMA to refer Hain Frozen Food's buy of Orchard House unless undertakings offered
* Hain Frozen Food's acquisition of Orchard House Foods will
be referred for in-depth merger investigation unless acceptable
undertakings offered
Source text: (http://bit.ly/1OxIkmx)
Further company...
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be referred for in-depth merger investigation unless acceptable
undertakings offered
Source text: (http://bit.ly/1OxIkmx)
Further company...
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BRIEF-Mediagrif to acquire Advanced Software Concepts Inc.
* Mediagrif will be integrating contract management
capabilities to its e-procurement platforms, MERX and BidNet
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capabilities to its e-procurement platforms, MERX and BidNet
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Deals of the day- Mergers and acquisitions
May 17 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1330 GMT on Tuesday:
Read more
and disposals were reported by 1330 GMT on Tuesday:
Read more
BRIEF-KLX buys Herndon Aerospace & Defense, LLC
* Bought Herndon Aerospace & Defense, LLC, a supply chain
management, consumables hardware distributor
Read more
management, consumables hardware distributor
Read more
BRIEF-Essetifin announces acquisition of additional shares of Fennec Pharma and filing of its early warning report
* Acquired through second closing of non-brokered private
placement 1.5 million common shares in capital of fennec
pharmaceuticals
Read more
placement 1.5 million common shares in capital of fennec
pharmaceuticals
Read more
BRIEF-Resolute Energy Corp adopts stockholder rights plan
* Sets trigger at 20 pct
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Alpha, Eurobank, KKR set up vehicle for troubled Greek company loans
ATHENS, May 17 (Reuters) - Greece's Alpha Bank and
Eurobank will transfer some troubled credit in large
Greek companies to a platform set up with U.S. private equity
firm KKR, as part of efforts to...
Read more
Eurobank will transfer some troubled credit in large
Greek companies to a platform set up with U.S. private equity
firm KKR, as part of efforts to...
Read more
Saudi Arabia's largest lender plans overseas forays - chairman
JAKARTA, May 17 (Reuters) - Saudi Arabia's largest lender by
assets, National Commercial Bank (NCB), plans to expand
overseas, growing its Turkey franchise while exploring new
markets including...
Read more
assets, National Commercial Bank (NCB), plans to expand
overseas, growing its Turkey franchise while exploring new
markets including...
Read more
BRIEF-Constellation, subsidiaries implement debt restructuring via voluntary chapter 11 filing
* Subsidiaries included in filing and will continue to
operate uninterrupted, with exception of columbus castings
Read more
operate uninterrupted, with exception of columbus castings
Read more
UPDATE 1-Premier Foods quarterly revenue rises
May 17 (Reuters) - Premier Foods Plc reported higher
fourth-quarter sales of its branded foods, which include Oxo
seasonings and Bisto gravy, and said it would take a closer look
at streamlining...
Read more
fourth-quarter sales of its branded foods, which include Oxo
seasonings and Bisto gravy, and said it would take a closer look
at streamlining...
Read more
Canada's Hudson's Bay to take over 20 Dutch department stores
AMSTERDAM, May 17 (Reuters) - Hudson's Bay Co. of
Canada will expand in Europe by taking over 20 department stores
in the Netherlands, it said on Tuesday.
Read more
Canada will expand in Europe by taking over 20 department stores
in the Netherlands, it said on Tuesday.
Read more
Monday, May 16, 2016
Taiwan begins review of Chinese Tsinghua's chip stake deals in island
TAIPEI, May 17 (Reuters) - Taiwanese regulators have begun
reviewing Chinese state-backed Tsinghua Unigroup's proposals to
buy stakes worth nearly $1 billion in two domestic semiconductor
companies,...
Read more
reviewing Chinese state-backed Tsinghua Unigroup's proposals to
buy stakes worth nearly $1 billion in two domestic semiconductor
companies,...
Read more
UPDATE 1-Corvex discloses large Pandora stake, pushes for sale-letter
May 16 (Reuters) - Corvex Management LP disclosed on Monday
that it owns 9.9 percent of Pandora Media Inc and urged
the internet music streaming company to explore a sale instead
of pursuing a...
Read more
that it owns 9.9 percent of Pandora Media Inc and urged
the internet music streaming company to explore a sale instead
of pursuing a...
Read more
Corvex discloses large Pandora stake, pushes for sale-letter
May 16 (Reuters) - Corvex Management disclosed on Monday
that it owns 9.9 percent of Pandora Media Inc and urged
the internet music streaming company to explore a sale.
Read more
that it owns 9.9 percent of Pandora Media Inc and urged
the internet music streaming company to explore a sale.
Read more
Top U.S. investors divided on energy shares in first quarter
NEW YORK, May 16 (Reuters) - Top U.S. investors' plays on
energy stocks diverged in the first quarter, with some cutting
stakes and others increasing, as oil prices seesawed and roiled
shares in the...
Read more
energy stocks diverged in the first quarter, with some cutting
stakes and others increasing, as oil prices seesawed and roiled
shares in the...
Read more
BRIEF-Corvex urges Pandora to evaluate results of fulsome sales process against other options - SEC filing
* Urges Pandora to immediately engage independent investment
bank to advise on value maximization process, including
execution of sales process
Read more
bank to advise on value maximization process, including
execution of sales process
Read more
UPDATE 1-Office Depot considering sale of some European operations
May 16 (Reuters) - Office Depot Inc said on Monday
it was considering selling some of its European operations,
nearly a week after the No. 2 office supply chain and bigger
rival Staples Inc called...
Read more
it was considering selling some of its European operations,
nearly a week after the No. 2 office supply chain and bigger
rival Staples Inc called...
Read more
UPDATE 1-MCX shelves launch as retailers make own mobile wallets
May 16 (Reuters) - Merchant Customer Exchange (MCX), a
developer of mobile payment technology whose strategy has been
thrown into question by big retailers developing their own
mobile wallets, said...
Read more
developer of mobile payment technology whose strategy has been
thrown into question by big retailers developing their own
mobile wallets, said...
Read more
BRIEF-Avalonbay Communities buys Market Common Clarendon for $406 mln
* Purchase price for Market Common Clarendon was $406.0
million, of which Avalonbay contributed $120.3 million
Read more
million, of which Avalonbay contributed $120.3 million
Read more
UPDATE 1-Activist investor Icahn raises stake in AIG by 5.2 pct
May 16 (Reuters) - Activist investor Carl Icahn has raised
his stake in American International Group Inc by 5.2
percent, putting him in a better position to pressure the
insurer to split into three...
Read more
his stake in American International Group Inc by 5.2
percent, putting him in a better position to pressure the
insurer to split into three...
Read more
BRIEF-Regency Centers says buys Market Common Clarendon
* Purchase price for Market Common Clarendon was $406 mln,
of which Regency's share was $285.7 mln.
Read more
of which Regency's share was $285.7 mln.
Read more
BRIEF-Arthur J. Gallagher & co. acquires Hogan Insurance Services
* Arthur J. Gallagher & co. Acquires Hogan Insurance
Services, Inc.
Source text for Eikon:
Further company coverage:
Read more
Services, Inc.
Source text for Eikon:
Further company coverage:
Read more
BRIEF-American Capital sells portfolio co Pacific Handy Cutter
* American Capital announces the sale of its portfolio
company Pacific Handy Cutter and generates a 9.8% return on its
investment
Read more
company Pacific Handy Cutter and generates a 9.8% return on its
investment
Read more
UPDATE 4-Gannett raises Tribune offer to about $864 mln including debt
May 16 (Reuters) - Gannett Co Inc, the publisher of
USA Today, raised
its unsolicited offer for Tribune Publishing Co to $15
per share from $12.25, valuing the publisher of the Chicago
Tribune and...
Read more
USA Today, raised
its unsolicited offer for Tribune Publishing Co to $15
per share from $12.25, valuing the publisher of the Chicago
Tribune and...
Read more
BRIEF-Fortuna Resources partners with Och-Ziff affiliates
* Says Certain Affiliates Of Och Ziff capital management
group llc have committed $75 million to fortuna
Read more
group llc have committed $75 million to fortuna
Read more
Lebanon seeks to ease concerns over U.S. law on Hezbollah
BEIRUT, May 16 (Reuters) - The Lebanese prime minister
sought to ease concerns about a new U.S. law targeting
Hezbollah's finances in comments published on Monday, after the
group attacked the...
Read more
sought to ease concerns about a new U.S. law targeting
Hezbollah's finances in comments published on Monday, after the
group attacked the...
Read more
UPDATE 1-U.N. experts find weed killer glyphosate unlikely to cause cancer
LONDON, May 16 (Reuters) - The pesticide glyphosate, sold by
Monsanto in its Roundup weed killer product and widely
used in agriculture and by gardeners, is unlikely to cause
cancer in people,...
Read more
Monsanto in its Roundup weed killer product and widely
used in agriculture and by gardeners, is unlikely to cause
cancer in people,...
Read more
UPDATE 1-Eldorado Gold exits China with sale of remaining mines, project
VANCOUVER, May 16 (Reuters) - Eldorado Gold Corp
will exit China with the sale of its stakes in two mines and one
development project there to Yintai Resources Co Ltd
for $600 million in cash, the...
Read more
will exit China with the sale of its stakes in two mines and one
development project there to Yintai Resources Co Ltd
for $600 million in cash, the...
Read more
BRIEF-Terex hopeful of CFIUS approval on Konecranes, Zoomlion deals - Conf Call
* Says continuing discussions with Zoomlion regarding a
potential acquisition of Terex with or without MHPS
Read more
potential acquisition of Terex with or without MHPS
Read more
BRIEF-Range Resources says deal to increase pro forma margins by about $0.45/MCFE for 2016 - conf call
* Says Has Liquidity In Hand "To Take Care Of Whatever Might
Arise On The Debt Side Of The Balance Sheet" - Conf call
Read more
Arise On The Debt Side Of The Balance Sheet" - Conf call
Read more
Deals of the day- Mergers and acquisitions
May 16 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1330 GMT on Monday:
Read more
and disposals were reported by 1330 GMT on Monday:
Read more
U.N. committee finds weed killer glyphosate unlikely to cause cancer
LONDON, May 16 (Reuters) - The weed-killing pesticide
glyphosate, made by Monsanto and widely used in
agriculture and by gardeners, probably does not cause cancer,
according to a new safety review by...
Read more
glyphosate, made by Monsanto and widely used in
agriculture and by gardeners, probably does not cause cancer,
according to a new safety review by...
Read more
Buffett's Berkshire invests in Apple
May 16 (Reuters) - Warren Buffett's Berkshire Hathaway Inc
on Monday revealed a new stake in Apple Inc,
in a bet that the stock price could rebound after iPhone sales
fell for the first time.
Read more
on Monday revealed a new stake in Apple Inc,
in a bet that the stock price could rebound after iPhone sales
fell for the first time.
Read more
BRIEF-Fuel Systems Solutions co-founder intends to vote against FSS-Westport merger
* Founder of Fuel Systems Solutions says he intends to vote
against FSS-Westport merger at stockholder meeting
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223...
Read more
against FSS-Westport merger at stockholder meeting
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom: +1 646 223...
Read more
BRIEF-Anacor-Pfizer merger agreement includes $180.8 mln termination fee - SEC filing
* In connection with termination of merger agreement, Anacor
will pay Pfizer a termination fee of $180.8 million - SEC filing
Source text - http://1.usa.gov/1NvupSZ
Further company coverage:
Read more
will pay Pfizer a termination fee of $180.8 million - SEC filing
Source text - http://1.usa.gov/1NvupSZ
Further company coverage:
Read more
BRIEF-Pfizer to buy Anacor in $5.2 bln deal
* Pfizer will acquire anacor for $99.25 per anacor share, in
cash, for a total transaction value, net of cash, of
approximately $5.2 billion
Read more
cash, for a total transaction value, net of cash, of
approximately $5.2 billion
Read more
BRIEF-Brookfield Asset announces date for spin off of Brookfield Business Partners
* On june 20, 2016, shareholders of record as of june 2,
2016 will receive one bbp unit for every 50 shares of brookfield
Read more
2016 will receive one bbp unit for every 50 shares of brookfield
Read more
Accusations fly as Williams files lawsuit to save deal with ETE
May 16 (Reuters) - The war of words between U.S. pipeline
operators Williams and Energy Transfer Equity (ETE)
has worsened after Williams filed a lawsuit to pressure
its would-be buyer to proceed...
Read more
operators Williams and Energy Transfer Equity (ETE)
has worsened after Williams filed a lawsuit to pressure
its would-be buyer to proceed...
Read more
BRIEF-Terex Corp to terminate agreement with Konecranes Plc
* Agreed with Konecranes Plc to mutually terminate business
combination agreement co entered into without payment of a fee
by either party
Read more
combination agreement co entered into without payment of a fee
by either party
Read more
Sunday, May 15, 2016
UPDATE 1-Amazon to launch new private labels in coming weeks - WSJ
May 15 (Reuters) - Amazon.com Inc will launch new
lines of its private-label brands in the coming weeks, the Wall
Street Journal reported, citing people familiar with the matter.
Read more
lines of its private-label brands in the coming weeks, the Wall
Street Journal reported, citing people familiar with the matter.
Read more
Shanghai Fosun says it has made a non-binding bid for India's Gland Pharma
HONG KONG, May 16 (Reuters) - Shanghai Fosun Pharmaceutical
(Group) Co Ltd said it has made a
non-binding proposal for India's Gland Pharma Ltd, a move that
would improve its drug manufacturing and...
Read more
(Group) Co Ltd said it has made a
non-binding proposal for India's Gland Pharma Ltd, a move that
would improve its drug manufacturing and...
Read more
UPDATE 1-ETE says Williams filed lawsuit to gain leverage in deal talks
May 15 (Reuters) - Energy Transfer Equity LP on
Sunday accused its buyout target Williams Companies Inc
of filing a third lawsuit against it in an attempt to gain
leverage in any future deal talks...
Read more
Sunday accused its buyout target Williams Companies Inc
of filing a third lawsuit against it in an attempt to gain
leverage in any future deal talks...
Read more
ETE says Williams latest lawsuit will cause delay in completing deal
May 15 (Reuters) - Energy Transfer Equity LP said on
Sunday that a lawsuit filed by Williams Companies Inc to
prevent ETE from terminating its once-coveted deal for Williams
will lead to a delay in...
Read more
Sunday that a lawsuit filed by Williams Companies Inc to
prevent ETE from terminating its once-coveted deal for Williams
will lead to a delay in...
Read more
BRIEF-Energy Transfer Equity responds to third Williams lawsuit
* Disappointed that Williams, rather than engaging in
discussions, has chosen to file a third separate lawsuit
Read more
discussions, has chosen to file a third separate lawsuit
Read more
Global PE firms find sweet spot in Japan's food sector
TOKYO, May 16 (Reuters) - From sushi to bean sprouts to
mushrooms, global private equity firms are dining on Japan's
thriving restaurant scene as they wait for the country's
notoriously slow...
Read more
mushrooms, global private equity firms are dining on Japan's
thriving restaurant scene as they wait for the country's
notoriously slow...
Read more
Saturday, May 14, 2016
Germany's Schaeffler happy with minority Continental stake - report
FRANKFURT, May 14 (Reuters) - German auto parts supplier
Schaeffler AG has no plans to increase its 46-percent
stake in rival Continental AG to gain a majority
share, the head of the company's...
Read more
Schaeffler AG has no plans to increase its 46-percent
stake in rival Continental AG to gain a majority
share, the head of the company's...
Read more
Williams files suit to prevent Energy Transfer from terminating deal
May 13 (Reuters) - Williams Companies Inc said it
has filed a lawsuit against Energy Transfer Equity LP to
prevent it from terminating its once-coveted deal for Williams.
Read more
has filed a lawsuit against Energy Transfer Equity LP to
prevent it from terminating its once-coveted deal for Williams.
Read more
Friday, May 13, 2016
Caesars Acquisition offered over $4 bln for interactive unit -sources
May 13 (Reuters) - Gaming holding company Caesars
Acquisition Co has seen bidders offer more than $4
billion for its Interactive Entertainment Inc unit, people
familiar with the matter said Friday.
Read more
Acquisition Co has seen bidders offer more than $4
billion for its Interactive Entertainment Inc unit, people
familiar with the matter said Friday.
Read more
BRIEF-Denison Mines Goviex and Denison provide transaction update
* Zambian competition and consumer protection commission
meeting has been re-scheduled with a tentative date of may 27
Read more
meeting has been re-scheduled with a tentative date of may 27
Read more
Baupost took $461 mln Allergan stake before Pfizer deal collapsed
NEW YORK, May 13 (Reuters) - Seth Klarman's Baupost Group
took a new stake in the first quarter in Allergan Plc,
before the drugmaker's $160 billion merger with Pfizer Inc
was terminated last month.
Read more
took a new stake in the first quarter in Allergan Plc,
before the drugmaker's $160 billion merger with Pfizer Inc
was terminated last month.
Read more
BRIEF-BBCN, Wilshire say combined company to be called "Hope Bancorp Inc"
* BBCN and wilshire announce new name of combined company
and senior leadership team following merger completion
Read more
and senior leadership team following merger completion
Read more
BRIEF-Golden Band Resources announces court order about debt restructuring
* Obtained order granting approval to extend stay of
proceedings for further 45 days, undertake sales, investment
solicitation process
Read more
proceedings for further 45 days, undertake sales, investment
solicitation process
Read more
BRIEF-Tarena enters into agreement to buy office building
* Through its wholly-owned subsidiary, entered into a
definitive purchase agreement to purchase an office building
Read more
definitive purchase agreement to purchase an office building
Read more
UPDATE 1-Air Liquide purchase of Airgas approved with conditions -FTC
WASHINGTON, May 13 (Reuters) - A merger of industrial gas
suppliers Air Liquide and Airgas Inc has been
approved with conditions, the Federal Trade Commission said on
Friday.
Read more
suppliers Air Liquide and Airgas Inc has been
approved with conditions, the Federal Trade Commission said on
Friday.
Read more
Air Liquide purchase of Airgas approved with conditions--FTC
WASHINGTON, May 13 (Reuters) - A merger of industrial gas
suppliers Air Liquide, Inc. and Airgas, Inc
has been approved with conditions, the Federal Trade Commission
said on Friday.
Read more
suppliers Air Liquide, Inc. and Airgas, Inc
has been approved with conditions, the Federal Trade Commission
said on Friday.
Read more
Sanofi presses on with threat to oust Medivation's board
May 13 (Reuters) - France's Sanofi SA was moving
ahead on Friday with preparations to replace Medivation Inc's
board of directors after the U.S. cancer drug maker
refused to engage with it in sale...
Read more
ahead on Friday with preparations to replace Medivation Inc's
board of directors after the U.S. cancer drug maker
refused to engage with it in sale...
Read more
UPDATE 1-Freeport may be hiding value of Congo Tenke mine sale - minister
KINSHASA, May 13 (Reuters) - Democratic Republic of Congo's
mines minister said on Friday that he suspects Freeport-McMoRan
Inc is hiding the true value of the sale of its majority
stake in the Tenke...
Read more
mines minister said on Friday that he suspects Freeport-McMoRan
Inc is hiding the true value of the sale of its majority
stake in the Tenke...
Read more
Dell may need to pay up on longer bonds
NEW YORK, May 13 (IFR) - Dell hits the screens next week
with one of the biggest high-grade bonds of the year, but the
computer giant may have to pay up to get the longer-dated pieces
of the deal...
Read more
with one of the biggest high-grade bonds of the year, but the
computer giant may have to pay up to get the longer-dated pieces
of the deal...
Read more
Freeport may be hiding value of Congo Tenke mine sale - minister
KINSHASA, May 13 (Reuters) - Democratic Republic of Congo's
mines minister said on Friday that he suspects Freeport-McMoRan
Inc is hiding the true value of the sale of its majority
stake in the Tenke...
Read more
mines minister said on Friday that he suspects Freeport-McMoRan
Inc is hiding the true value of the sale of its majority
stake in the Tenke...
Read more
UPDATE 1-Mylan to buy Renaissance's topical business for $950 mln
May 13 (Reuters) - Mylan NV said it would buy a part
of the topicals-focused drug business of Renaissance Acquisition
Holdings LLC for $950 million to expand its dermatological
product portfolio.
Read more
of the topicals-focused drug business of Renaissance Acquisition
Holdings LLC for $950 million to expand its dermatological
product portfolio.
Read more
BRIEF-Lowe's says Rona deal approved by Competition Bureau, Investment Canada Act
* Lowe's receives Investment Canada approval and Competition
Bureau clearance for its pending acquisition of Rona
Read more
Bureau clearance for its pending acquisition of Rona
Read more
BRIEF-Seventy Seven Energy enters second amended, restated restructuring support agreement
* Seventy Seven Energy Inc enters into second amended and
restated restructuring support agreement
Read more
restated restructuring support agreement
Read more
UPDATE 1-Sirius XM Canada to be taken private by SiriusXM, top Canadian holders
May 13 (Reuters) - Sirius XM Canada Holdings Inc
said on Friday that SiriusXM Holdings Inc, its biggest
shareholder, along with two of its top Canadian shareholders
will take the satellite radio...
Read more
said on Friday that SiriusXM Holdings Inc, its biggest
shareholder, along with two of its top Canadian shareholders
will take the satellite radio...
Read more
Sirius XM to take Sirius XM Canada private
May 13 (Reuters) - Sirius XM Canada Holdings Inc
said on Friday that Sirius XM Holdings Inc, its biggest
shareholder, along with other shareholders would take the
company private for about C$351...
Read more
said on Friday that Sirius XM Holdings Inc, its biggest
shareholder, along with other shareholders would take the
company private for about C$351...
Read more
Deals of the day- Mergers and acquisitions
May 13 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1000 GMT on Friday:
Read more
and disposals were reported by 1000 GMT on Friday:
Read more
Coca-Cola HBC would consider expanding in Africa
LONDON, May 13 (Reuters) - Coca-Cola HBC, a bottler
of Coca-Cola drinks, is open to further acquisitions in
Africa if the right opportunity became available, its chief
executive said on Friday.
Read more
of Coca-Cola drinks, is open to further acquisitions in
Africa if the right opportunity became available, its chief
executive said on Friday.
Read more
UPDATE 1-Dutch government looks to float insurer ASR this quarter
AMSTERDAM, May 13 (Reuters) - The Dutch government said on
Friday it would pursue a stock market listing of insurer ASR
, with an initial public offering of shares likely
before the end of this...
Read more
Friday it would pursue a stock market listing of insurer ASR
, with an initial public offering of shares likely
before the end of this...
Read more
Thursday, May 12, 2016
UPDATE 1-German metalworkers agree wage deal in NRW
* IG Metall had demanded 5 pct hike, employers offered 2.1
pct
(Adds further details, background)
Read more
pct
(Adds further details, background)
Read more
German metalworking industry reaches wage deal in NRW - employers' group
COLOGNE, May 13 (Reuters) - Germany's IG Metall engineering
union agreed with employers on a wage deal for the some 700,000
metal and electric sector workers in the state of North
Rhine-Westphalia, a...
Read more
union agreed with employers on a wage deal for the some 700,000
metal and electric sector workers in the state of North
Rhine-Westphalia, a...
Read more
Insurer ASR IPO likely this quarter, Dutch govt says
AMSTERDAM, May 13 (Reuters) - The Dutch government said on
Friday it would pursue a stock market listing for insurer ASR
, probably launching an initial public offering of
shares before the end of...
Read more
Friday it would pursue a stock market listing for insurer ASR
, probably launching an initial public offering of
shares before the end of...
Read more
UPDATE 1-Brazil's Petrobras, Brookfield enter talks over pipeline unit
SAO PAULO, May 12 (Reuters) - State-controlled Petróleo
Brasileiro SA has entered exclusive talks with Brookfield Asset
Management Inc over the sale of natural gas pipeline
unit Nova Transportadora...
Read more
Brasileiro SA has entered exclusive talks with Brookfield Asset
Management Inc over the sale of natural gas pipeline
unit Nova Transportadora...
Read more
MSCI announces changes to U.S., China, emerging market indexes
May 12 (Reuters) - U.S. index provider MSCI announced
changes to a number of its index funds on Thursday, including
adding four securities and removing one from its U.S. large-cap
index. Additions to...
Read more
changes to a number of its index funds on Thursday, including
adding four securities and removing one from its U.S. large-cap
index. Additions to...
Read more
REFILE-UPDATE 1-MSCI announces changes to U.S., China, emerging market indexes
May 12 (Reuters) - U.S. index provider MSCI announced
changes to a number of its index funds on Thursday, including
adding four securities and removing one from its U.S. large-cap
index.
Read more
changes to a number of its index funds on Thursday, including
adding four securities and removing one from its U.S. large-cap
index.
Read more
BRIEF-Optiv Security buys assets of Evantix
* Optiv Security Acquires Substantially All Assets Of
Evantix To Build Industry's First Holistic, Cloud-Based
Third-Party Risk SolutionFurther company coverage:
(Bengaluru Newsroom:...
Read more
Evantix To Build Industry's First Holistic, Cloud-Based
Third-Party Risk SolutionFurther company coverage:
(Bengaluru Newsroom:...
Read more
BRIEF-Polyone sets quarterly cash dividend of $0.12 per share
* Board increased company's share repurchase authorization
amount by 7.3 million shares to 10 million shares in total.
Read more
amount by 7.3 million shares to 10 million shares in total.
Read more
UPDATE 1-California approves Charter-TWC deal
NEW YORK, May 12 (Reuters) - Charter Communications Inc
said on Thursday its proposal to buy Time Warner Cable
Inc was approved by the California Public Utilities
Commission, overcoming the last...
Read more
said on Thursday its proposal to buy Time Warner Cable
Inc was approved by the California Public Utilities
Commission, overcoming the last...
Read more
BRIEF-Charter wins final regulatory approval to buy Time Warner Cable- Bloomberg
* Charter Communications won final regulatory approval to
buy Time Warner Cable as California authorities approved the
merger - Bloomberg
Source text : (http://bloom.bg/1OpWfuS)
(Bengaluru...
Read more
buy Time Warner Cable as California authorities approved the
merger - Bloomberg
Source text : (http://bloom.bg/1OpWfuS)
(Bengaluru...
Read more
California authorities approve Charter-TWC deal
NEW YORK, May 12 (Reuters) - Charter Communications Inc
said on Thursday its proposal to buy Time Warner Cable
Inc was approved by the California Public Utilities
Commission, overcoming the last...
Read more
said on Thursday its proposal to buy Time Warner Cable
Inc was approved by the California Public Utilities
Commission, overcoming the last...
Read more
Turkey's AKP woos embattled nationalists to bolster Erdogan powers
ANKARA, May 12 (Reuters) - Turkey's ruling AK Party is
seeking support from the nationalist opposition for
constitutional changes to increase President Tayyip Erdogan's
powers, but any alliance...
Read more
seeking support from the nationalist opposition for
constitutional changes to increase President Tayyip Erdogan's
powers, but any alliance...
Read more
UPDATE 1-Vimpelcom still expects to complete Italy deal at end-2016
* Says EU to review the deal "on its own merits"
(Adds CEO comments on Italian merger, details)
Read more
(Adds CEO comments on Italian merger, details)
Read more
T Rowe Price loses lawsuit over 2013 Dell buyout
WILMINGTON, Del, May 12 (Reuters) - T. Rowe Price Group Inc
cannot sue computer maker Dell Inc for a higher price
in the 2013 buyout by its founder because the fund company
voted, albeit...
Read more
cannot sue computer maker Dell Inc for a higher price
in the 2013 buyout by its founder because the fund company
voted, albeit...
Read more
BRIEF-UBM says Innodata-Cision deal hinges on PR Newswire sale completion
* Innodata Inc has agreed to acquire assets and rights to Pr
Newswire's agility business from PWW acquisition, Cision entity
which is to acquire PR Newswire
Read more
Newswire's agility business from PWW acquisition, Cision entity
which is to acquire PR Newswire
Read more
UPDATE 2-Honeywell to spin off its $1.3 bln resins and chemicals business
May 12 (Reuters) - Honeywell International Inc, a
U.S. manufacturer of aerospace parts and climate control
systems, said it would spin off its $1.3 billion resins and
chemicals operations into a...
Read more
U.S. manufacturer of aerospace parts and climate control
systems, said it would spin off its $1.3 billion resins and
chemicals operations into a...
Read more
UPDATE 1-Goldcorp to buy Kaminak Gold for C$520 mln
May 12 (Reuters) - Goldcorp Inc said it would
buy Kaminak Gold Corp for about C$520 million ($406
million), giving it the Coffee gold project south of Dawson
City, Yukon.
Read more
buy Kaminak Gold Corp for about C$520 million ($406
million), giving it the Coffee gold project south of Dawson
City, Yukon.
Read more
BRIEF-Materion Corp has discussions with Heraeus Group about acquisition
* Advanced materials business segment in talks with Heraeus
Group regarding acquisition of Heraeus' target materials
business
Read more
Group regarding acquisition of Heraeus' target materials
business
Read more
Goldcorp to buy Kaminak Gold for C$520 mln
May 12 (Reuters) - Goldcorp Inc said it would
buy Kaminak Gold Corp for about C$520 million ($406
million), giving it the Coffee gold project south of Dawson
City, Yukon.
Read more
buy Kaminak Gold Corp for about C$520 million ($406
million), giving it the Coffee gold project south of Dawson
City, Yukon.
Read more
Casino to buy out Cnova unit as Brazil forces U-turn
PARIS, May 12 (Reuters) - Casino said on Thursday
it would spend up to $196 million to take its e-commerce unit
Cnova private, nearly two years after listing it on
Nasdaq as difficulties in Brazil...
Read more
it would spend up to $196 million to take its e-commerce unit
Cnova private, nearly two years after listing it on
Nasdaq as difficulties in Brazil...
Read more
Dah Sing gets five bids for insurance unit, top offer about $1.3 bln -sources
HONG KONG, May 12 (Reuters) - Dah Sing Financial Holdings
Ltd has received at least five bids for its life
insurance unit, including offers from Canada's Sun Life
Insurance Inc and Chinese property...
Read more
Ltd has received at least five bids for its life
insurance unit, including offers from Canada's Sun Life
Insurance Inc and Chinese property...
Read more
BRIEF-LSB Industries Inc to sell climate control business to NIBE Industrier AB
* To sell co's climate control business to nibe industrier
ab of sweden for a total cash consideration of $364 million
Read more
ab of sweden for a total cash consideration of $364 million
Read more
BRIEF-Elizabeth Arden to buy global license for Christina Aguilera fragrance business
* To acquire global license and certain related assets for
Christina Aguilera fragrance business from Procter & Gamble
International.
Read more
Christina Aguilera fragrance business from Procter & Gamble
International.
Read more
BRIEF-Nissan, Mitsubishi Motors CEO comments from news conference
May 12 (Reuters) - Nissan Motor Co CEO Carlos Ghosn
and Mitsubishi Motors CEO Osamu Masuko comments from news
conference.
Read more
and Mitsubishi Motors CEO Osamu Masuko comments from news
conference.
Read more
UPDATE 1-EDF says Hinkley Point equity cost could rise to 21 billion pounds
PARIS, May 12 (Reuters) - French utility EDF said
on Thursday the contingency needs of its project to build two
nuclear reactors in Britain could increase the cost by about
three billion pounds to...
Read more
on Thursday the contingency needs of its project to build two
nuclear reactors in Britain could increase the cost by about
three billion pounds to...
Read more
BRIEF-Mitsubishi group firms to hold 22 pct percent of Mitsubishi Motors after share issuance to Nissan
* Mitsubishi group firms to hold about 22 pct of Mitsubishi
Motors after share issuance to Nissan - Reuters calculation
Further company coverage:
(Reporting By Chang-Ran Kim)
Read more
Motors after share issuance to Nissan - Reuters calculation
Further company coverage:
(Reporting By Chang-Ran Kim)
Read more
Wednesday, May 11, 2016
Nissan, Mitsubishi Motors CEOs to hold news conference 0700 GMT
TOKYO, May 12 (Reuters) - Nissan Motor Co and
Mitsubishi Motors Corp said their chief executive
officers, Carlos Ghosn and Osamu Masuko, would hold a joint news
conference at 4 p.m. (0700 GMT) on...
Read more
Mitsubishi Motors Corp said their chief executive
officers, Carlos Ghosn and Osamu Masuko, would hold a joint news
conference at 4 p.m. (0700 GMT) on...
Read more
Japan's Sharp reports wider annual loss on panel inventory glut
TOKYO, May 12 (Reuters) - Japanese electronics maker Sharp
Corp on Thursday reported a slightly wider net loss for
the year ended in March, weighed by slumping display prices and
slower sales of...
Read more
Corp on Thursday reported a slightly wider net loss for
the year ended in March, weighed by slumping display prices and
slower sales of...
Read more
Mitsubishi Motors, Nissan agree to form capital alliance - source
TOKYO, May 12 (Reuters) - Mitsubishi Motors Corp
has agreed to form a capital alliance with Nissan Motor Co
at its board meeting on Thursday, a source familiar
with the matter told Reuters.
Read more
has agreed to form a capital alliance with Nissan Motor Co
at its board meeting on Thursday, a source familiar
with the matter told Reuters.
Read more
BRIEF-Casino SA intends to launch cash tender offer for Cnova NV shares
* Intention to launch a voluntary cash tender offer on
outstanding shares of cnova n.v. ("cnova") held by public
shareholders
Read more
outstanding shares of cnova n.v. ("cnova") held by public
shareholders
Read more
Mexico's America Movil complying with antitrust rules -regulator
MEXICO CITY, May 11 (Reuters) - Mexico's telecoms regulator
said America Movil SAB de CV is complying with rules
imposed under a 2013 law to curb the telecom giant's dominance,
as it debates whether...
Read more
said America Movil SAB de CV is complying with rules
imposed under a 2013 law to curb the telecom giant's dominance,
as it debates whether...
Read more
UPDATE 3-Nissan could take key stake in scandal-hit Mitsubishi Motors
* MMC supplied cars which overstated fuel economy to Nissan
(Writes through with detail on partnership, background)
Read more
(Writes through with detail on partnership, background)
Read more
UPDATE 2-Nissan, Mitsubishi Motors confirm tie-up talks
* MMC supplied cars which overstated fuel economy to Nissan
(Recasts with talks, background on deal)
Read more
(Recasts with talks, background on deal)
Read more
PRESS DIGEST- British Business - May 12
May 12 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
Nissan, Mitsubishi Motors confirm talks over capital tie-up
TOKYO, May 12 (Reuters) - Nissan Motor Co and
Mitsubishi Motors Corp confirmed on Thursday they were
discussing a possible capital tie-up, after reports that the
former was looking to take a roughly...
Read more
Mitsubishi Motors Corp confirmed on Thursday they were
discussing a possible capital tie-up, after reports that the
former was looking to take a roughly...
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BRIEF-Amtrust Financial says board approves $150 mln raise to share buyback program
* Amtrust financial services, inc. Board approves increase
of $150.0 million to its common share repurchase program
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom...
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of $150.0 million to its common share repurchase program
Source text for Eikon:
Further company coverage:
(Bengaluru Newsroom...
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Brazil's BRF confirms visits from Tyson executives
SAO PAULO, May 11 (Reuters) - Processed food maker BRF
confirmed on Wednesday that executives from Tyson
Foods Inc visited plants in Brazil in response to a
report in Valor Economico newspaper that...
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confirmed on Wednesday that executives from Tyson
Foods Inc visited plants in Brazil in response to a
report in Valor Economico newspaper that...
Read more
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