KIEV, Sept 22 (Reuters) - The Ukrainian parliament passed
two bills on Thursday aimed at prising open the domestic energy
distribution market to more competition, a reform demanded by
the European...
Read more
Thursday, September 22, 2016
BRIEF-Madison Dearborn affiliate makes offer for Towergate Insurance
* Offer at: £0.01/A share, £0.74/B share in Towergate
holding co Sentry, £0.74 per ordinary share in holding co TIG
Topco,£0.00000310665/warrant
Source text for Eikon:
(Bengaluru Newsroom: +91...
Read more
holding co Sentry, £0.74 per ordinary share in holding co TIG
Topco,£0.00000310665/warrant
Source text for Eikon:
(Bengaluru Newsroom: +91...
Read more
Pouyanne says Total looking to divest Italy petrol station JV with ERG
PARIS, Sept 22 (Reuters) - Total is looking at
divesting its Italian petrol station joint-venture with ERG
next year, Chief Executive Officer Patrick Pouyanne
told investors in London on Thursday.
Read more
divesting its Italian petrol station joint-venture with ERG
next year, Chief Executive Officer Patrick Pouyanne
told investors in London on Thursday.
Read more
Four buyout groups shortlisted in sale of lighting maker SLV - sources
FRANKFURT, Sept 22 (Reuters) - Buyout group Cinven
has short-listed four other private equity groups in its auction
of German residential and technical lighting products maker SLV,
people close to...
Read more
has short-listed four other private equity groups in its auction
of German residential and technical lighting products maker SLV,
people close to...
Read more
BRIEF-Cellcom Israel announces developments re Golan Telecom
* Group of investors notified company today that it is
withdrawing from its intention to purchase Golan Telecom
Source text for Eikon:
Further company coverage:
Read more
withdrawing from its intention to purchase Golan Telecom
Source text for Eikon:
Further company coverage:
Read more
UPDATE 1-Homebuilder Lennar to buy WCI in $643 mln deal to expand in Florida
Sept 22 (Reuters) - Lennar Corp, the No. 2 U.S.
homebuilder, said it would buy WCI Communities Inc,
which makes luxury homes, in a $643 million-deal that will
combine two of the largest homebuilders...
Read more
homebuilder, said it would buy WCI Communities Inc,
which makes luxury homes, in a $643 million-deal that will
combine two of the largest homebuilders...
Read more
BRIEF-Biostar Pharmaceuticals signs a letter of intent to acquire Xianyang Yongsheng Health Products Co Ltd
* Biostar Pharmaceuticals signs a letter of intent to
acquire Xianyang Yongsheng Health Products Co Ltd
Read more
acquire Xianyang Yongsheng Health Products Co Ltd
Read more
U.S. homebuilder Lennar to buy WCI Communities in $643 mln deal
Sept 22 (Reuters) - Lennar Corp, the second-largest
U.S. homebuilder, said on Thursday it would buy luxury home
builder WCI Communities Inc in a deal valued at $643
million.
Read more
U.S. homebuilder, said on Thursday it would buy luxury home
builder WCI Communities Inc in a deal valued at $643
million.
Read more
BRIEF-WCI Communities Announces Definitive Merger Agreement with Lennar Corp for nearly $643 Mln
* WCI Communities announces definitive merger agreement with
Lennar Corporation for approximately $643 million
Read more
Lennar Corporation for approximately $643 million
Read more
PRESS DIGEST- New York Times business news - Sept 22
Sept 22 (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
BRIEF-Management Consulting Group signs agreement with Accenture for sale of Kurt Salmon
* For a total gross cash consideration of approximately $165
million (equivalent to approximately £127 million) payable on
completion of sale
Read more
million (equivalent to approximately £127 million) payable on
completion of sale
Read more
Wednesday, September 21, 2016
UPDATE 1-e.l.f. Beauty prices IPO at $17, above indicated $14-$16 range -source
Sept 21 (Reuters) - Budget cosmetics company e.l.f. Beauty
Inc priced its initial public offering (IPO) above
expectations on Wednesday, raising $141 million, according to a
person familiar with the...
Read more
Inc priced its initial public offering (IPO) above
expectations on Wednesday, raising $141 million, according to a
person familiar with the...
Read more
BRIEF-Orsu Metals announces exclusive and binding heads of agreement for a proposed acquisition in Russia
* Orsu Metals Corporation announces exclusive and binding
heads of agreement for the proposed acquisition of the
Sergeevskoe Gold Project in Russia
Read more
heads of agreement for the proposed acquisition of the
Sergeevskoe Gold Project in Russia
Read more
UPDATE 1-Brazil's BR Properties mulls offering in sign of possible M&A
SAO PAULO, Sept 21 (Reuters) - BR Properties SA is analyzing
whether to raise capital through a share offering, Chief
Executive Martin Jaco said on Wednesday, a sign that the
Brazilian commercial...
Read more
whether to raise capital through a share offering, Chief
Executive Martin Jaco said on Wednesday, a sign that the
Brazilian commercial...
Read more
U.S. wants letters showing conflict in Anthem-Cigna merger -filing
WASHINGTON, Sept 21 (Reuters) - The U.S. government, which
is suing to stop Anthem Inc's proposed purchase of
Cigna Corp, is pressing the health insurers to provide
letters in which each of them...
Read more
is suing to stop Anthem Inc's proposed purchase of
Cigna Corp, is pressing the health insurers to provide
letters in which each of them...
Read more
BRIEF-Transunion buys Rtech, a technology-driven healthcare services company
* Has acquired Rtech (Healthcare Revenue Technologies Inc),
a technology-driven healthcare services company
Source text for Eikon:
Further company coverage:
Read more
a technology-driven healthcare services company
Source text for Eikon:
Further company coverage:
Read more
Deals of the day- Mergers and acquisitions
Sept 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2015 GMT on
Wednesday:
Read more
acquisitions and disposals were reported by 2015 GMT on
Wednesday:
Read more
UPDATE 2-Canadian cattle feedlot to close, squeezing ranchers, packers
WINNIPEG, Manitoba, Sept 21 (Reuters) - One of Canada's
biggest cattle feedlots, Alberta-based Western Feedlots, said on
Wednesday it will close feeding operations after marketing the
cattle it...
Read more
biggest cattle feedlots, Alberta-based Western Feedlots, said on
Wednesday it will close feeding operations after marketing the
cattle it...
Read more
BRIEF-Anthem and Cigna have accused one another of merger breach - Bloomberg
* Anthem and Cigna have accused one another of merger breach - Bloomberg
Source text - (http://bloom.bg/2cR9knM)
Further company coverage:
(Bengaluru Newsroom)
Read more
Source text - (http://bloom.bg/2cR9knM)
Further company coverage:
(Bengaluru Newsroom)
Read more
Big gold miners see muted M&A as bullion's rise limits bargains
COLORADO SPRINGS, Colo., Sept 21 (Reuters) - The world's
biggest gold miners will stay shy of big acquisitions, top
executives said this week, noting that a jump in the price of
bullion has made...
Read more
biggest gold miners will stay shy of big acquisitions, top
executives said this week, noting that a jump in the price of
bullion has made...
Read more
UPDATE 2--Supercar maker McLaren says not in discussion with Apple
LONDON, Sept 21 (Reuters) - McLaren damped down a report on Wednesday that Apple Inc had made an approach for the British Formula One team owner and supercar maker.
Read more
Read more
BRIEF-Standard Bank SA, OPIC, Wells Fargo sign sign $300 mln facility
* Standard Bank, OPIC and Wells Fargo sign $300 mln facility
to support power and infrastructure projects in Africa
Read more
to support power and infrastructure projects in Africa
Read more
BRIEF-Apple in talks with Lit Motors about a potential acquisition - NYT, citing sources
* Apple in talks with Lit Motors about a potential acquisition - NYT, citing sources
Source text - (http://nyti.ms/2cRGfXS)
Further company coverage:
(Bengaluru Newsroom)
Read more
Source text - (http://nyti.ms/2cRGfXS)
Further company coverage:
(Bengaluru Newsroom)
Read more
Ontario strikes deal with Bedrock to restructure U.S. Steel Canada
TORONTO, Sept 21 (Reuters) - The province of Ontario said on
Wednesday that it has signed an agreement with equity fund
Bedrock Industries LP to restructure U.S. Steel Canada, but the
deal still...
Read more
Wednesday that it has signed an agreement with equity fund
Bedrock Industries LP to restructure U.S. Steel Canada, but the
deal still...
Read more
UPDATE 1-Mexico's America Movil eyes acquisition of Brazil rival Oi -Valor
SAO PAULO, Sept 21 (Reuters) - America Movil SAB
is interested in acquiring some or all of the operations run by
struggling Brazilian rival Oi SA, the chief executive
of the Mexican telecom giant...
Read more
is interested in acquiring some or all of the operations run by
struggling Brazilian rival Oi SA, the chief executive
of the Mexican telecom giant...
Read more
Apple eyes British supercar maker McLaren - FT
Sept 21 (Reuters) - Apple Inc has approached
British Formula One team owner McLaren Technology Group for a
strategic investment or a potential buyout, the Financial Times
reported, citing sources.
Read more
British Formula One team owner McLaren Technology Group for a
strategic investment or a potential buyout, the Financial Times
reported, citing sources.
Read more
Itau in exclusive talks for Citi's Brazil unit -report
SAO PAULO, Sept 21 (Reuters) - Brazilian lender Itau
Unibanco Holding SA has secured exclusive rights to
negotiate an acquisition of Citigroup Inc's retail banking
operation in Brazil, according to a...
Read more
Unibanco Holding SA has secured exclusive rights to
negotiate an acquisition of Citigroup Inc's retail banking
operation in Brazil, according to a...
Read more
BRIEF-Altius announces Allegiance Coal to acquire Telkwa Coal
* TCL has right to earn up to a 90 percent interest in
Telkwa project in exchange for staged milestone payments
Read more
Telkwa project in exchange for staged milestone payments
Read more
BRIEF-Hometrust Bancshares And TriSummit Bancorp announce in-market combination
* Upon completion of transaction, combined company is
expected to have assets in excess of $3.0 billion.
Read more
expected to have assets in excess of $3.0 billion.
Read more
Mexico's America Movil eyes acquisition of Brazilian rival Oi -Valor
SAO PAULO, Sept 21 (Reuters) - America Movil SAB
is interested in acquiring some or all of the operations run by
struggling Brazilian rival Oi SA, the chief executive
of the Mexican telecom giant...
Read more
is interested in acquiring some or all of the operations run by
struggling Brazilian rival Oi SA, the chief executive
of the Mexican telecom giant...
Read more
Tel Aviv bourse needs quick reform or will disappear -Nasdaq official
TEL AVIV, Sept 21 (Reuters) - The Tel Aviv Stock Exchange
(TASE) must make significant changes to its structure,
regulations and image or it will run itself out of business, a
senior Nasdaq OMX...
Read more
(TASE) must make significant changes to its structure,
regulations and image or it will run itself out of business, a
senior Nasdaq OMX...
Read more
UPDATE 1-Denmark's Nets to launch early IPO on Friday due to share demand
COPENHAGEN, Sept 21 (Reuters) - Denmark's Nets will list in
Copenhagen on Friday, four days earlier than planned, after
attracting solid interest in its shares, the card payment
services company said...
Read more
Copenhagen on Friday, four days earlier than planned, after
attracting solid interest in its shares, the card payment
services company said...
Read more
Denmark's Nets brings forward IPO after strong demand -local TV
COPENHAGEN, Sept 21 (Reuters) - Denmark-based card payment
services company Nets will list in Copenhagen on Friday, four
days earlier than planned, after solid interest in its shares,
Danish...
Read more
services company Nets will list in Copenhagen on Friday, four
days earlier than planned, after solid interest in its shares,
Danish...
Read more
CEO confident Novo Banco will be sold, cites new investor interest
LISBON, Sept 21 (Reuters) - New institutional investors have
shown interest in Portugal's Novo Banco, which the state is
trying to sell to recover billions of euros in rescue loans, in
the past...
Read more
shown interest in Portugal's Novo Banco, which the state is
trying to sell to recover billions of euros in rescue loans, in
the past...
Read more
BRIEF-Cellcom israel announces developments re Golan Telecom
* In advanced stages of negotiations with third parties
regarding network sharing and hosting agreement
Read more
regarding network sharing and hosting agreement
Read more
Tuesday, September 20, 2016
Nikkei falls before BOJ decision; banks, insurers lower
TOKYO, Sept 21 (Reuters) - Japan's Nikkei share index fell
on Wednesday morning, dragged down by selling in banking and
insurance stocks as investors braced for the outcome of the Bank
Of Japan's...
Read more
on Wednesday morning, dragged down by selling in banking and
insurance stocks as investors braced for the outcome of the Bank
Of Japan's...
Read more
PRESS DIGEST- British Business - Sept. 21
Sept 21 (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
San Juan airport concession owner explores stake sale -sources
Sept 20 (Reuters) - One of the two investors in Puerto
Rico's largest airport is exploring selling a 50 percent stake
in a joint venture that runs it under a lease agreement with the
Caribbean...
Read more
Rico's largest airport is exploring selling a 50 percent stake
in a joint venture that runs it under a lease agreement with the
Caribbean...
Read more
BRIEF-Monsanto Co - Bayer not required to take any material adverse divestiture action
* Bayer not required to take any divestiture action that
would likely result in 1-year loss of net sales to Bayer, co in
excess of $1.6 billion
Read more
would likely result in 1-year loss of net sales to Bayer, co in
excess of $1.6 billion
Read more
BRIEF-Nextera Energy says the parties to Energy Future merger agreement entered into an amendment - SEC filing
* Says on September 18, 2016, the parties to Energy Future
merger agreement entered into an amendment - SEC filing
Read more
merger agreement entered into an amendment - SEC filing
Read more
Software company BlackLine prepares for IPO -sources
Sept 20 (Reuters) - Accounting software maker BlackLine Inc
is preparing for an initial public offering that could value it
at more than $1 billion, including debt, people familiar with
the matter...
Read more
is preparing for an initial public offering that could value it
at more than $1 billion, including debt, people familiar with
the matter...
Read more
Allergan buys second fatty liver-disease company
Sept 20 (Reuters) - Allergan Inc on Tuesday said it
had paid $50 million for Akarna Therapeutics Ltd, a privately
held company developing treatments for a incurable fatty liver
disease called NASH.
Read more
had paid $50 million for Akarna Therapeutics Ltd, a privately
held company developing treatments for a incurable fatty liver
disease called NASH.
Read more
BRIEF-Retail properties of America agrees to purchase One Loudoun Downtown
* Retail properties of America, Inc announces agreement to
purchase one loudoun downtown in the Washington, D.C. MSA
Read more
purchase one loudoun downtown in the Washington, D.C. MSA
Read more
VW's Audi head questioned over emissions scandal
HANOVER, Germany, Sept 20 (Reuters) - The head of
Volkswagen's luxury car division Audi has been
questioned by investigators looking into the company's emissions
scandal, VW Chief Executive Matthias...
Read more
Volkswagen's luxury car division Audi has been
questioned by investigators looking into the company's emissions
scandal, VW Chief Executive Matthias...
Read more
UPDATE 1-Property valuers drop Brexit clauses from most contracts as markets steady
Sept 20 (Reuters) - Five big property services firms are
dropping Brexit uncertainty clauses from their valuation reports
for most UK assets as market conditions steady after a sharp
drop immediately...
Read more
dropping Brexit uncertainty clauses from their valuation reports
for most UK assets as market conditions steady after a sharp
drop immediately...
Read more
UPDATE 1-Altice's SFR buyout offer delayed by at least two weeks -source
PARIS, Sept 20 (Reuters) - Altice's all-share
buyout offer for SFR shares it does not already own
will be postponed by at least two weeks because of a delay in
regulatory approvals, a source close to...
Read more
buyout offer for SFR shares it does not already own
will be postponed by at least two weeks because of a delay in
regulatory approvals, a source close to...
Read more
UPDATE 1-China's OK clears last hurdle for Marriott's deal to buy Starwood
Sept 20 (Reuters) - Chinese antitrust regulators approved
Marriott International Inc's deal to buy Starwood Hotels
& Resorts Worldwide Inc, clearing the way for the
combined company to become the...
Read more
Marriott International Inc's deal to buy Starwood Hotels
& Resorts Worldwide Inc, clearing the way for the
combined company to become the...
Read more
Tough farm conditions right time for Potash merger -Agrium CEO
Sept 20 (Reuters) - Plunging crop and fertilizer prices may
not have hit rock bottom yet, and the market's weakness makes it
the right time to merge leading farm input suppliers, the chief
executive...
Read more
not have hit rock bottom yet, and the market's weakness makes it
the right time to merge leading farm input suppliers, the chief
executive...
Read more
UPDATE 2-Tech licensing firm Tessera to buy DTS to grow in audio market
* DTS shares up nearly 23 pct, Tessera up 2.4 pct
(Adds details from conference call, details on companies, share
movement)
Read more
(Adds details from conference call, details on companies, share
movement)
Read more
NEWSMAKER-Breaking the mould: GSK picks Big Pharma's first female CEO
LONDON, Sept 20 (Reuters) - Emma Walmsley, GlaxoSmithKline's
incoming CEO, breaks the mould as the first woman to
lead a top global drugmaker and stands out among Big Pharma
bosses as a consumer...
Read more
incoming CEO, breaks the mould as the first woman to
lead a top global drugmaker and stands out among Big Pharma
bosses as a consumer...
Read more
Accenture breaks blockchain taboo with editing system
LONDON, Sept 20 (Reuters) - Accenture is challenging a
defining feature of blockchain, its immutability, by patenting a
system that will allow data processed and stored using the
technology to be...
Read more
defining feature of blockchain, its immutability, by patenting a
system that will allow data processed and stored using the
technology to be...
Read more
BRIEF-Potash Corp, Agrium merger could accelerate retail expansion
Sept 20 (Reuters) - Potash Corp, Agrium CEOs, speaking at
Scotiabank investor conference in Toronto:
Read more
Scotiabank investor conference in Toronto:
Read more
BRIEF-Sonoco Thermosafe acquires Laminar Medica Group
* Sonoco Thermosafe acquired assets and operations of
Laminar Medica in United Kingdom and Czech Republic, from
Clinimed Ltd
Read more
Laminar Medica in United Kingdom and Czech Republic, from
Clinimed Ltd
Read more
BRIEF-Geo-Jade Petroleum to acquire stake in investment firm that owns Canada's Bankers Petroleum
* Says it revises asset acquisition plan, to acquire 96.7
percent stake in energy investment firm which owns Bankers
Petroleum Ltd for about 3.36 billion yuan ($503.76 million)
Read more
percent stake in energy investment firm which owns Bankers
Petroleum Ltd for about 3.36 billion yuan ($503.76 million)
Read more
Deals of the day- Mergers and acquisitions
Sept 20 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:
Read more
acquisitions and disposals were reported by 1030 GMT on Tuesday:
Read more
UPDATE 1-Renault, Nissan buy French tech firm to develop mobility apps
PARIS/TOKYO, Sept 20 (Reuters) - Renault SA and
Nissan Motor Co announced on Tuesday they would buy
French software development company Sylpheo as they compete with
global automakers and tech firms...
Read more
Nissan Motor Co announced on Tuesday they would buy
French software development company Sylpheo as they compete with
global automakers and tech firms...
Read more
UPDATE 1-Lufthansa Technik, MTU Aero Engines eye joint maintenance company
Sept 20 (Reuters) - Lufthansa's maintenance unit
and MTU Aero Engines AG are looking into the
possibility of setting up a joint company to provide
maintenance, repair and overhaul of aircraft engines:
Read more
and MTU Aero Engines AG are looking into the
possibility of setting up a joint company to provide
maintenance, repair and overhaul of aircraft engines:
Read more
BRIEF-Twilio to acquire Kurento WebRTC media server technology
* Proposed acquisition not expected to have material impact
on Twilio's results of operations or financial condition for FY
2016
Source text for Eikon:
Further company coverage:
Read more
on Twilio's results of operations or financial condition for FY
2016
Source text for Eikon:
Further company coverage:
Read more
CORRECTED-UPDATE 2-GlaxoSmithKline names insider Emma Walmsley as new CEO
LONDON, Sept 20 (Reuters) - GlaxoSmithKline said on
Tuesday it had chosen its head of consumer healthcare, Emma
Walmsley, as its new chief executive, after considering internal
and external...
Read more
Tuesday it had chosen its head of consumer healthcare, Emma
Walmsley, as its new chief executive, after considering internal
and external...
Read more
Monday, September 19, 2016
Bayer ups sales targets for top-selling drugs after Monsanto deal
FRANKFURT, Sept 20 (Reuters) - German drugmaker Bayer
said its two best-selling drugs had a higher annual
peak sales potential than previously targeted, after the agreed
$66 billion takeover of...
Read more
said its two best-selling drugs had a higher annual
peak sales potential than previously targeted, after the agreed
$66 billion takeover of...
Read more
Three private equity firms bid for GE's Hyundai Card stake - Invest Chosun
SEOUL, Sept 20 (Reuters) - Three private equity firms are
bidding for General Electric's 43 percent stake in its
South Korean credit card joint venture, Hyundai Card, in a deal
that may be worth more...
Read more
bidding for General Electric's 43 percent stake in its
South Korean credit card joint venture, Hyundai Card, in a deal
that may be worth more...
Read more
CJ Group pulls out of race for McDonald's S.Korea operations
SEOUL, Sept 20 (Reuters) - South Korean
food-to-entertainment conglomerate CJ Group on
Tuesday said it did not enter the latest round of bidding for
McDonald's Corp's South Korean operations.
Read more
food-to-entertainment conglomerate CJ Group on
Tuesday said it did not enter the latest round of bidding for
McDonald's Corp's South Korean operations.
Read more
Britain's May says will get the right trade deal with EU
NEW YORK, Sept 19 (Reuters) - Britain will get "the right
deal in terms of trade" with the European Union, Prime Minister
Theresa May told a group of U.S. business and finance leaders on
Monday, in a...
Read more
deal in terms of trade" with the European Union, Prime Minister
Theresa May told a group of U.S. business and finance leaders on
Monday, in a...
Read more
BRIEF-Analog Devices says resubmitted its Hart-Scott-Rodino Act filing on Sept. 19 -SEC Filing
* On Sept 15, voluntarily withdrew filing under
Hart-Scott-Rodino Antitrust Act relating to proposed acquisition
of Linear Technology - SEC Filing
Read more
Hart-Scott-Rodino Antitrust Act relating to proposed acquisition
of Linear Technology - SEC Filing
Read more
UPDATE 1-Wal-Mart completes the acquisition of Jet.com
CHICAGO, Sept 19 (Reuters) - Wal-Mart Stores Inc on
Monday said it has completed the acquisition of internet
retailer Jet.com after agreeing to pay about $3 billion for the
e-commerce startup last...
Read more
Monday said it has completed the acquisition of internet
retailer Jet.com after agreeing to pay about $3 billion for the
e-commerce startup last...
Read more
UPDATE 3-S&P says PDVSA bond swap offer 'tantamount to default'
CARACAS, Sept 19 (Reuters) - Credit ratings agency Standard
& Poors on Monday said Venezuelan state oil company PDVSA's
proposed bond swap was a "distressed exchange" that would be
"tantamount to...
Read more
& Poors on Monday said Venezuelan state oil company PDVSA's
proposed bond swap was a "distressed exchange" that would be
"tantamount to...
Read more
Wal-Mart completes the acquisition of Jet.com
CHICAGO, Sept 19 (Reuters) - Wal-Mart Stores Inc on
Monday said it has completed the acquisition of internet
retailer Jet.com after agreeing to pay about $3 billion for the
e-commerce startup last...
Read more
Monday said it has completed the acquisition of internet
retailer Jet.com after agreeing to pay about $3 billion for the
e-commerce startup last...
Read more
BRIEF-Nascent Objects says it will join Facebook's Building 8
* Nascent Objects, the modular consumer electronics platform operator, says it will join
Facebook's Building 8
Source text - (http://bit.ly/2d2Nuvp)
Further company coverage:
(Bengaluru Newsroom)
Read more
Facebook's Building 8
Source text - (http://bit.ly/2d2Nuvp)
Further company coverage:
(Bengaluru Newsroom)
Read more
UPDATE 1-Ukraine reverses Naftogaz move after creditor criticism
KIEV, Sept 19 (Reuters) - Ukraine on Monday cancelled a
decision to transfer control of the gas transport arm of state
energy firm Naftogaz to the economy ministry after a warning
from international...
Read more
decision to transfer control of the gas transport arm of state
energy firm Naftogaz to the economy ministry after a warning
from international...
Read more
UPDATE 2-Britain's May to meet Goldman, Amazon, IBM to discuss post-Brexit investment
* May says she will get the right deal for Britain
(Adds May comment, details on Brexit negotiations)
Read more
(Adds May comment, details on Brexit negotiations)
Read more
RPT-UPDATE 1-Britain's May to meet Goldman, Amazon, IBM to discuss post-Brexit investment
NEW YORK, Sept 19 (Reuters) - British Prime Minister Theresa
May will meet business chiefs from firms including Goldman Sachs
, IBM and Amazon on Monday in an attempt
to reassure investors after her...
Read more
May will meet business chiefs from firms including Goldman Sachs
, IBM and Amazon on Monday in an attempt
to reassure investors after her...
Read more
BRIEF-Bank of Montreal - Merger of BMO Global Monthly Income Fund into BMO Global Diversified Fund will not proceed
* Says merger of BMO Global Monthly Income Fund into BMO
Global Diversified Fund will not proceed
Read more
Global Diversified Fund will not proceed
Read more
CORRECTED-UPDATE 1-Tesla says lawsuits could delay SolarCity deal
Sept 19 (Reuters) - Elon Musk-led Tesla Motor Inc
said on Monday its proposed acquisition of SolarCity Corp
could be delayed due to shareholder lawsuits
challenging the deal.
Read more
said on Monday its proposed acquisition of SolarCity Corp
could be delayed due to shareholder lawsuits
challenging the deal.
Read more
BRIEF-Norsat announces receipt of indications of interest
* Privet fund management llp is one such party that has
offered to acquire co for cash consideration of us$8.00 per
share
Read more
offered to acquire co for cash consideration of us$8.00 per
share
Read more
UPDATE 1-SunEdison's yieldcos exploring strategic options, including sale
Sept 19 (Reuters) - TerraForm Global Inc and
TerraForm Power Inc, the "yieldcos" of bankrupt solar
company SunEdison Inc, said on Monday they were exploring
strategic alternatives, including a sale...
Read more
TerraForm Power Inc, the "yieldcos" of bankrupt solar
company SunEdison Inc, said on Monday they were exploring
strategic alternatives, including a sale...
Read more
Tesla says lawsuits could delay SolarCity deal
Sept 19 (Reuters) - Elon Musk-led Tesla Motor Inc
said on Monday its proposed acquisition of SolarCity Corp
could be delayed due to shareholder lawsuits
challenging the deal.
Read more
said on Monday its proposed acquisition of SolarCity Corp
could be delayed due to shareholder lawsuits
challenging the deal.
Read more
SunEdison's two yieldcos exploring strategic options, including sale
Sept 19 (Reuters) - TerraForm Global Inc and
TerraForm Power Inc, the "yieldcos" of bankrupt solar
company SunEdion Inc, said on Monday that they were exploring
strategic alternatives, including a...
Read more
TerraForm Power Inc, the "yieldcos" of bankrupt solar
company SunEdion Inc, said on Monday that they were exploring
strategic alternatives, including a...
Read more
PRESS DIGEST-Canada - Sept 19
Sept 19 (Reuters) - The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
Avnet to sell IT business to Tech Data for $2.6 bln
Sept 19 (Reuters) - U.S. electrical components distributor
Avnet Inc said it would sell its IT business to
technology products distributor Tech Data Corp for
about $2.6 billion.
Read more
Avnet Inc said it would sell its IT business to
technology products distributor Tech Data Corp for
about $2.6 billion.
Read more
BRIEF-Tech Data Corp to acquire Technology Solutions Business from Avnet for $2.6 Bln
* Tech Data Corporation to acquire Technology Solutions
Business from Avnet for $2.6 billion
Read more
Business from Avnet for $2.6 billion
Read more
RPT-Bayer in $66 bln bet that farmers will back linked-up supplies
FRANKFURT, Sept 16 (Reuters) - Bayer's $66
billion purchase of Monsanto amounts to a long-term bet
that farmers will grow to trust combinations of seeds and
pesticides rather than continue to pick...
Read more
billion purchase of Monsanto amounts to a long-term bet
that farmers will grow to trust combinations of seeds and
pesticides rather than continue to pick...
Read more
Sunday, September 18, 2016
IFR Capital Markets Week Ahead - September 19, 2016
LONDON, Sept 19 (IFR) - Welcome to the IFR Capital Markets
Week Ahead - a new weekly email newsletter from Thomson Reuters
IFR.
TAKING A HIKE
Corporate bond markets are expected to take a breather,...
Read more
Week Ahead - a new weekly email newsletter from Thomson Reuters
IFR.
TAKING A HIKE
Corporate bond markets are expected to take a breather,...
Read more
BRIEF-Smulyan delivers letter to committee of disinterested directors of Emmis Communications
* On Sept 16, delivered letter to committee of disinterested
directors of Emmis Communications extending deadline for
responding to proposal until Sept 30
Source text - http://bit.ly/2cx0KtF
Further...
Read more
directors of Emmis Communications extending deadline for
responding to proposal until Sept 30
Source text - http://bit.ly/2cx0KtF
Further...
Read more
Friday, September 16, 2016
BRIEF-Community Health System said to be exploring options, including a sale - CNBC, citing a report
* Community Health System shares surge 15 pct on report that says the company is said to be
exploring options, including a sale - CNBC
Further company coverage:
(Bengaluru Newsroom)
Read more
exploring options, including a sale - CNBC
Further company coverage:
(Bengaluru Newsroom)
Read more
Brazil's Cemig in talks with potential buyers of Light stake
SAO PAULO, Sept 16 (Reuters) - Cia Energética de Minas
Gerais SA, Brazil's No. 3 power utility, is currently in
advanced talks with potential partners with which it would share
control of electricity...
Read more
Gerais SA, Brazil's No. 3 power utility, is currently in
advanced talks with potential partners with which it would share
control of electricity...
Read more
REFILE- Spiked M&A deals set for record as regulators increase scrutiny
NEW YORK, Sept 16 (IFR) - Bayer will be hoping that its
US$66bn purchase of Monsanto won't succumb to the same failure
that has tripped up many other mergers and acquisitions this
year, as regulators...
Read more
US$66bn purchase of Monsanto won't succumb to the same failure
that has tripped up many other mergers and acquisitions this
year, as regulators...
Read more
BRIEF-Burgh Group and Vitol to acquire Optimum Coal Terminal from Tegeta Group
* Consortium consisting of burgh group and co agreed to
acquire Optimum Coal Terminal Pty Ltd from The Tegeta Group for
an undisclosed sum.
Read more
acquire Optimum Coal Terminal Pty Ltd from The Tegeta Group for
an undisclosed sum.
Read more
Deals of the day-Mergers and acquisitions
Sept 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:
Read more
acquisitions and disposals were reported by 1330 GMT on Friday:
Read more
Canada's CPPIB to buy Ascot, AIG'S Lloyd's of London platform
Sept 16 (Reuters) - The Canada Pension Plan Investment Board
said it would buy Ascot, American International Group's
Lloyd's of London platform, in a deal valued at about $1.1
billion, as it pushes...
Read more
said it would buy Ascot, American International Group's
Lloyd's of London platform, in a deal valued at about $1.1
billion, as it pushes...
Read more
UPDATE 1-Foreign investment in Canadian securities continues to slow
OTTAWA, Sept 16 (Reuters) - Foreign investment in Canadian
securities slowed in July for the fourth straight month, largely
because purchases of stocks collapsed from the 12-year highs
seen in June,...
Read more
securities slowed in July for the fourth straight month, largely
because purchases of stocks collapsed from the 12-year highs
seen in June,...
Read more
BRIEF-Coca Cola HBC Lithuania unit to sell 50 pct Neptunas stake to Coca-Cola Co
* CCHBC Lithuania has entered into a binding agreement for
sale of 50 pct of Neptunas' share capital to Coca-Cola Company
Read more
sale of 50 pct of Neptunas' share capital to Coca-Cola Company
Read more
Financial regulator investigates timing of Linde announcements
FRANKFURT, Sept 16 (Reuters) - Germany's financial markets
regulator BaFin on Friday said it had launched a routine
investigation into whether industrial gases supplier Linde
held back information...
Read more
regulator BaFin on Friday said it had launched a routine
investigation into whether industrial gases supplier Linde
held back information...
Read more
BRIEF-Avast Software extends its tender offer for AVG
* Extended its previously announced tender offer to purchase
all of outstanding ordinary shares of AVG Technologies N.V. for
$25
Read more
all of outstanding ordinary shares of AVG Technologies N.V. for
$25
Read more
Indonesia's Medco close to buying Conoco's stake in Natuna oil, gas block -sources
JAKARTA, Sept 16 (Reuters) - Indonesia's PT Medco Energi Tbk
is close to acquiring ConocoPhillips' entire
40 percent interest in an oil and gas production sharing block
that the U.S. firm operates...
Read more
is close to acquiring ConocoPhillips' entire
40 percent interest in an oil and gas production sharing block
that the U.S. firm operates...
Read more
UPDATE 2-UK Stocks-Factors to watch on Sept 16
Sept 16 (Reuters) - Britain's FTSE 100 index is seen opening down
about 6 points, or as much as 0.09 percent, on Friday, according to financial
bookmakers, with futures down 0.1 percent ahead of the...
Read more
about 6 points, or as much as 0.09 percent, on Friday, according to financial
bookmakers, with futures down 0.1 percent ahead of the...
Read more
ECB's Villeroy sees cross-border bank mergers after regulations settle
PARIS, Sept 16 (Reuters) - Europe's banking sector will be
ripe for consolidation once international bank regulations
currently being thrashed out are finalised, ECB governing
council member Francois...
Read more
ripe for consolidation once international bank regulations
currently being thrashed out are finalised, ECB governing
council member Francois...
Read more
BRIEF-Avnet updates financing arrangements on Premier Farnell deal
* Term loan credit agreement provides for a single borrowing
by borrowers of up to 500 mln euros
Read more
by borrowers of up to 500 mln euros
Read more
Thursday, September 15, 2016
PRESS DIGEST - Wall Street Journal - Sept 16
Sept 16 (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 - Sept 16
Sept 16 - 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
pages of British newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
UPDATE 1-Jefferies launches new technology group, six bankers start work
SAN FRANCISCO, Sept 15 (Reuters) - Jefferies Group LLC has
officially launched its expanded technology investment banking
practice, with six new managing directors starting their new
roles in San...
Read more
officially launched its expanded technology investment banking
practice, with six new managing directors starting their new
roles in San...
Read more
BRIEF-Noble Energy, Marathon Oil weighing bids for Silver Hill Energy Partners - Bloomberg, citing source
* Noble Energy, Marathon Oil weighing bids for Silver Hill
Energy Partners, that could fetch more than $2 Billion in a sale
- Bloomberg, citing source
Read more
Energy Partners, that could fetch more than $2 Billion in a sale
- Bloomberg, citing source
Read more
BRIEF-WWE Real Estate acquires a building in Stamford
* WWE Real Estate entered into a note and mortgage
assumption agreement, dated as of September 13, 2016
Read more
assumption agreement, dated as of September 13, 2016
Read more
Jefferies launches new technology group, six bankers start work
SAN FRANCISCO, Sept 15 (Reuters) - Jefferies Group LLC has
officially launched its expanded technology investment banking
practice, with six new managing directors starting their new
roles in San...
Read more
officially launched its expanded technology investment banking
practice, with six new managing directors starting their new
roles in San...
Read more
UPDATE 3-Britain's Informa to boost U.S. presence with Penton deal
* Informa to buy Penton from private equity firms
(Adds investment returns for owners, stock price, paragraphs
11, 13-15)
Read more
(Adds investment returns for owners, stock price, paragraphs
11, 13-15)
Read more
Silicon Valley 3D printing startup gets $81 million in new funding
REDWOOD CITY, Calif., Sept 15 (Reuters) - Carbon, a Silicon
Valley startup that is developing 3D printers to produce medical
devices and car parts on demand, said on Thursday it had closed
on $81...
Read more
Valley startup that is developing 3D printers to produce medical
devices and car parts on demand, said on Thursday it had closed
on $81...
Read more
Venezuela's PDVSA bonds mostly down, market awaits swap offer details
CARACAS, Sept 15 (Reuters) - Venezuelan state oil company
PDVSA's bonds were mostly down on Thursday as
investors puzzled over the lack of details of a $7 billion debt
swap proposal that could offer...
Read more
PDVSA's bonds were mostly down on Thursday as
investors puzzled over the lack of details of a $7 billion debt
swap proposal that could offer...
Read more
UPDATE 1-CBS CEO Moonves says 'no active discussions' with Viacom
Sept 15 (Reuters) - CBS Corp is not in "active
discussions," about recombining with Viacom Inc, CBS
Chief Executive Leslie Moonves said on Thursday.
Read more
discussions," about recombining with Viacom Inc, CBS
Chief Executive Leslie Moonves said on Thursday.
Read more
UPDATE 1-IVG Immobilien prepares OfficeFirst for Frankfurt IPO
FRANKFURT, Sept 15 (Reuters) - Real estate company IVG will
list its core activities after negotiations about a sale of its
office portfolio to private equity firm Blackstone
collapsed, two sources...
Read more
list its core activities after negotiations about a sale of its
office portfolio to private equity firm Blackstone
collapsed, two sources...
Read more
IVG Immobilien prepares OfficeFirst for Frankfurt IPO
FRANKFURT, Sept 15 (Reuters) - Real estate company IVG will
list its core activities after negotiations about a sale of its
office portfolio to private equity firm Blackstone
collapsed, two sources...
Read more
list its core activities after negotiations about a sale of its
office portfolio to private equity firm Blackstone
collapsed, two sources...
Read more
UPDATE 1-Wal-Mart Canada to extend Visa ban to more stores from Oct. 24
Sept 15 (Reuters) - Wal-Mart Canada will stop accepting Visa
Inc cards at its 16 stores in the province of Manitoba
starting Oct. 24, a company spokesman said on Wednesday, raising
the stakes in a...
Read more
Inc cards at its 16 stores in the province of Manitoba
starting Oct. 24, a company spokesman said on Wednesday, raising
the stakes in a...
Read more
Lundin gets second bid extension on Freeport Congo mine stake
TORONTO, Sept 15 (Reuters) - Canadian base metals miner
Lundin Mining Corp has won a two week extension until
Sept. 29 to bid on Freeport-McMoRan Inc's stake in the
Tenke Fungurume copper and cobalt...
Read more
Lundin Mining Corp has won a two week extension until
Sept. 29 to bid on Freeport-McMoRan Inc's stake in the
Tenke Fungurume copper and cobalt...
Read more
BRIEF-Range Resources says Memorial Resource Development deal gets required stockholder approvals
* Range merger with Memorial Resource Development Corp
receives all required stockholder approvals
Read more
receives all required stockholder approvals
Read more
Farmers must have choice post Bayer-Monsanto merger - EU's Vestager
PARIS, Sept 15 (Reuters) - European Union anti-trust chief
Margrethe Vestager said on Thursday that farmers must continue
to have a choice when buying seeds and pesticides after the
merger between...
Read more
Margrethe Vestager said on Thursday that farmers must continue
to have a choice when buying seeds and pesticides after the
merger between...
Read more
Deals of the day- Mergers and acquisitions
Sept 15 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1400 GMT on
Thursday:
Read more
acquisitions and disposals were reported by 1400 GMT on
Thursday:
Read more
Blockchain firm Ripple raises $55 mln, investors include StanChart
LONDON, Sept 15 (Reuters) - Ripple, a U.S. start-up which
uses the blockchain technology that underpins digital currency
bitcoin to help banks speed up their dealings with one another,
has raised a...
Read more
uses the blockchain technology that underpins digital currency
bitcoin to help banks speed up their dealings with one another,
has raised a...
Read more
TD sells home improvement financing assets
TORONTO, Sept 15 (Reuters) - Toronto Dominion Bank
has sold home improvement financing assets to financial
technology company Financeit and Concentra, a provider of
services to credit unions, the...
Read more
has sold home improvement financing assets to financial
technology company Financeit and Concentra, a provider of
services to credit unions, the...
Read more
Foreign nuclear investment is a vote of confidence in Britain - minister
LONDON, Sept 15 (Reuters) - Foreign investment in Britain's
Hinkley Point nuclear project, which was approved by the
government on Thursday, is a vote of confidence in the country,
business minister...
Read more
Hinkley Point nuclear project, which was approved by the
government on Thursday, is a vote of confidence in the country,
business minister...
Read more
Raiffeisen pursues Swiss tie-up talks with DZ Bank for Notenstein
ZURICH, Sept 15 (Reuters) - Swiss private bank Notenstein
and the Swiss unit of Germany's DZ Bank are in talks over a
"stronger collaboration", Notenstein's parent company,
cooperative lender...
Read more
and the Swiss unit of Germany's DZ Bank are in talks over a
"stronger collaboration", Notenstein's parent company,
cooperative lender...
Read more
Walmart Canada to extend Visa ban to more stores from Oct. 24
Sept 15 (Reuters) - Walmart Canada will stop accepting Visa
Inc cards at its 16 stores in the province of Manitoba
starting on Oct. 24, a spokesman said on Wednesday, raising the
stakes in a...
Read more
Inc cards at its 16 stores in the province of Manitoba
starting on Oct. 24, a spokesman said on Wednesday, raising the
stakes in a...
Read more
PRESS DIGEST-Canada - Sept. 15
Sept 15 (Reuters) - The following are the top stories from
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
selected Canadian newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
EDF says UK go-ahead to Hinkley Point marks Europe nuclear relaunch
PARIS, Sept 15 (Reuters) - French utility EDF welcomed the
British government's decision to go ahead with plans to build a
$24 billion nuclear plant in southern England, which it said
came after the...
Read more
British government's decision to go ahead with plans to build a
$24 billion nuclear plant in southern England, which it said
came after the...
Read more
Chinese investor to submit UK nuclear reactor design soon-source
LONDON, Sept 15 (Reuters) - China General Nuclear Power Corp
(CGN) will submit a design proposal for a nuclear reactor it
wants to build at Bradwell to British authorities "pretty soon",
a source...
Read more
(CGN) will submit a design proposal for a nuclear reactor it
wants to build at Bradwell to British authorities "pretty soon",
a source...
Read more
UPDATE 2-Britain approves nuclear plant, easing Chinese, French ties
LONDON, Sept 15 (Reuters) - Britain gave the go ahead on
Thursday for a $24 billion nuclear power plant, ending weeks of
uncertainty that strained ties with China and France and put a
question mark...
Read more
Thursday for a $24 billion nuclear power plant, ending weeks of
uncertainty that strained ties with China and France and put a
question mark...
Read more
Paperboard firm Powerflute says to be bought for $354 mln
HELSINKI, Sept 15 (Reuters) - Finnish paperboard company
Powerflute Oyj recommended cash offer from private
equity firm Madison Dearborn Partners LLC for 268 million pounds
($354 million), it said on...
Read more
Powerflute Oyj recommended cash offer from private
equity firm Madison Dearborn Partners LLC for 268 million pounds
($354 million), it said on...
Read more
UPDATE 1-Standard Industries eyes $2.1 bln offer to buy Braas Monier
* Braas has already rejected Standard Industries' offer
(Adds valuation including debt, details on funding,
shareholders)
Read more
(Adds valuation including debt, details on funding,
shareholders)
Read more
Britain approves part-Chinese funded nuclear plant, sets new conditions
LONDON, Sept 15 (Reuters) - British Prime Minister Theresa
May gave the go ahead for French firm EDF to build a
new nuclear power plant in England with the help of Chinese
funding on Thursday, ending...
Read more
May gave the go ahead for French firm EDF to build a
new nuclear power plant in England with the help of Chinese
funding on Thursday, ending...
Read more
BRIEF-Accenture intends to acquire Octo Technology
* Accenture announces intention to acquire Octo Technology SA to expand digital
capabilities in France
Read more
capabilities in France
Read more
UPDATE 1-UK Stocks-Factors to watch on Sept. 15
Sept 15 (Reuters) - Britain's FTSE 100 index is seen opening down 13
to 15 points, or 0.2 percent lower, on Thursday, according to financial
bookmakers, with futures down 0.3 percent ahead of the...
Read more
to 15 points, or 0.2 percent lower, on Thursday, according to financial
bookmakers, with futures down 0.3 percent ahead of the...
Read more
Wednesday, September 14, 2016
UK Stocks-Factors to watch on Sept. 15
Sept 15 (Reuters) - Britain's FTSE 100 index is seen opening down 13
to 15 points, or 0.2 percent lower, on Thursday, according to financial
bookmakers.
* The UK blue chip index closed 0.12...
Read more
to 15 points, or 0.2 percent lower, on Thursday, according to financial
bookmakers.
* The UK blue chip index closed 0.12...
Read more
PRESS DIGEST- Financial Times - Sept 15
Sept 14 (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
UPDATE 1-Caesars directors must 'pony up' details of wealth -judge
CHICAGO, Sept 14 (Reuters) - Billionaire investors Marc
Rowan and David Bonderman are among Caesars Entertainment Corp
directors who must disclose details of their wealth to
creditors of the casino...
Read more
Rowan and David Bonderman are among Caesars Entertainment Corp
directors who must disclose details of their wealth to
creditors of the casino...
Read more
BRIEF-Four Corners reports acquisition of four KFC restaurants for $3.9 million
* Four Corners Property Trust announces acquisition of four
Kentucky Fried Chicken restaurants for $3.9 million
Read more
Kentucky Fried Chicken restaurants for $3.9 million
Read more
SAFT ON WEALTH-Boards should put money where their mouths are in hostile offers: James Saft
Sept 14 (Reuters) - It may be time for corporate boards
which reject takeover offers to get more skin in the game.
Read more
which reject takeover offers to get more skin in the game.
Read more
BRIEF-Fitch places Monsanto Co's ratings on negative watch
* Negative watch reflects potential downgrade of Bayer's IDR
to below 'A-' as a result of merger with Monsanto
Source text for Eikon:
Read more
to below 'A-' as a result of merger with Monsanto
Source text for Eikon:
Read more
Deals of the day-Mergers and acquisitions
Sept 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday:
Read more
acquisitions and disposals were reported by 2000 GMT on
Wednesday:
Read more
Caesars directors must 'pony up' details of wealth -judge
CHICAGO, Sept 14 (Reuters) - Billionaire investors Marc
Rowan and David Bonderman are among Caesars Entertainment Corp
directors who must disclose details of their wealth to
creditors of the casino...
Read more
Rowan and David Bonderman are among Caesars Entertainment Corp
directors who must disclose details of their wealth to
creditors of the casino...
Read more
BRIEF-GE Digital acquires Meridium Inc
* GE Digital acquires Meridium Inc to accelerate delivery of
comprehensive asset performance management offering for
customers
Read more
comprehensive asset performance management offering for
customers
Read more
MOVES-Technology veteran Dave Johnson joins Israeli venture capital fund
Sept 14 (Reuters) - Veteran technology dealmaker David
Johnson has joined Glilot Capital Partners, which specializes in
enterprise software and cyber security technology, the Israeli
venture capital...
Read more
Johnson has joined Glilot Capital Partners, which specializes in
enterprise software and cyber security technology, the Israeli
venture capital...
Read more
America Movil CFO denies reports of plan to delist Telekom Austria
VIENNA, Sept 14 (Reuters) - America Movil CFO
Garcia Moreno denied a media report that the company was
planning to delist its subsidiary Telekom Austria from
the Vienna stock exchange, APA news...
Read more
Garcia Moreno denied a media report that the company was
planning to delist its subsidiary Telekom Austria from
the Vienna stock exchange, APA news...
Read more
EU mergers and takeovers (Sept 14)
BRUSSELS, Sept 14 (Reuters) - The following are mergers
under review by the European Commission and a brief guide to the
EU merger process:
Read more
under review by the European Commission and a brief guide to the
EU merger process:
Read more
Santander Rio denies it bought Citi's Argentina retail operations
BUENOS AIRES, Sept 14 (Reuters) - Banco Santander Rio
on Wednesday denied newspaper reports that it had
purchased Citigroup's retail operations in Argentina,
according to a letter from Santander to...
Read more
on Wednesday denied newspaper reports that it had
purchased Citigroup's retail operations in Argentina,
according to a letter from Santander to...
Read more
Bayer investor Royal London backs agreed $128/share Monsanto offer
LONDON, Sept 14 (Reuters) - Bayer investor Royal
London Asset Management said on Wednesday it backed the agreed
deal for U.S. rival Monsanto, calling it "a great deal
for Bayer shareholders".
Read more
London Asset Management said on Wednesday it backed the agreed
deal for U.S. rival Monsanto, calling it "a great deal
for Bayer shareholders".
Read more
Safran seen picking Morpho buyer by end of September
PARIS, Sept 14 (Reuters) - France's Safran could
make a decision on the potential sale of its Morpho biometrics
and security business for more than 2 billion euros by the end
of September, a person...
Read more
make a decision on the potential sale of its Morpho biometrics
and security business for more than 2 billion euros by the end
of September, a person...
Read more
Vimpelcom, CK Hutchison can invoke buy-sell option on Italy JV after 3 yrs
MILAN, Sept 14 (Reuters) - Vimpelcom and CK
Hutchison Holdings Ltd can invoke a buy-sell option on
the stakes they hold in the joint venture that merges their
Italian units from three years after the...
Read more
Hutchison Holdings Ltd can invoke a buy-sell option on
the stakes they hold in the joint venture that merges their
Italian units from three years after the...
Read more
Venezuela's PDVSA bonds rise after swap proposal
CARACAS, Sept 14 (Reuters) - Venezuelan state oil company
PDVSA's bonds rose on Wednesday following a $7 billion debt swap
proposal that could offer financial relief for the cash-strapped
company...
Read more
PDVSA's bonds rose on Wednesday following a $7 billion debt swap
proposal that could offer financial relief for the cash-strapped
company...
Read more
RPT-UPDATE 3-Bayer clinches Monsanto with improved $66 billion bid
* Bayer says expects deal to close by end-2017
(Repeats to fix formatting. No change to text)
Read more
(Repeats to fix formatting. No change to text)
Read more
BRIEF-Avis Budget Group agrees to acquire France Cars
* Acquisition does not affect Avis Budget Group's previously
announced intention to repurchase $350 million to $400 million
of its stock in 2016
Read more
announced intention to repurchase $350 million to $400 million
of its stock in 2016
Read more
BRIEF-Vitae Pharmaceuticals to pay $19.2 mln fee if deal terminated
* Under specified circumstances Vitae may be required to pay
Allergan Holdco US, Inc a termination fee of $19.2 million -
SEC filing
Source text: (http://bit.ly/2cXqFcV)
Further company coverage:
Read more
Allergan Holdco US, Inc a termination fee of $19.2 million -
SEC filing
Source text: (http://bit.ly/2cXqFcV)
Further company coverage:
Read more
BRIEF-National Storage Affiliates Trust to acquire iStorage Portfolio
* National Storage Affiliates Trust announces formation of
$630 million joint venture to acquire iStorage Portfolio
Read more
$630 million joint venture to acquire iStorage Portfolio
Read more
UPDATE 3-Bayer clinches Monsanto with improved $66 billion bid
* Bayer says expects deal to close by end-2017
(Adds confirmation, analyst, details, updates shares)
Read more
(Adds confirmation, analyst, details, updates shares)
Read more
UPDATE 1-Bayer signs deal worth close to $66 bln to buy Monsanto - source
* Bayer shares up 3 pct
(Adds calculation of overall deal size, comparison to past
deals, future market share)
Read more
(Adds calculation of overall deal size, comparison to past
deals, future market share)
Read more
UPDATE 1-Swiss Alzheimer's biotech AC Immune eyes $700 mln IPO valuation
Sept 14 (Reuters) - AC Immune, the Swiss biotech company
working on treatments for Alzheimer's disease, has set the
pricing band for its keenly awaited U.S. initial public
offering, valuing the firm...
Read more
working on treatments for Alzheimer's disease, has set the
pricing band for its keenly awaited U.S. initial public
offering, valuing the firm...
Read more
UPDATE 1-Kazakhstan says awaiting answers from oil firms in Karachaganak dispute
ASTANA, Sept 14 (Reuters) - Kazakhstan's government and
energy companies developing the Karachaganak gas condensate
field are still in talks about the Central Asian nation's
financial claim against...
Read more
energy companies developing the Karachaganak gas condensate
field are still in talks about the Central Asian nation's
financial claim against...
Read more
German stocks - Factors to watch on September 14
FRANKFURT, Sept 14 (Reuters) - The DAX top-30 index
looked set to open 0.4 percent higher on Wednesday, according to
premarket data from brokerage Lang & Schwarz at 0648 GMT.
Read more
looked set to open 0.4 percent higher on Wednesday, according to
premarket data from brokerage Lang & Schwarz at 0648 GMT.
Read more
Linde chairman says no new talks with Praxair "for now" -Handelsblatt
FRANKFURT, Sept 14 (Reuters) - The chairman of German
industrial gases group Linde said U.S. rival Praxair
would still be the best partner for it but he did not
foresee that merger talks would...
Read more
industrial gases group Linde said U.S. rival Praxair
would still be the best partner for it but he did not
foresee that merger talks would...
Read more
Tuesday, September 13, 2016
UK Stocks-Factors to watch on Sept. 14
Sept 14 (Reuters) - Britain's FTSE 100 index is seen opening up 23
to 25 points on Wednesday, or 0.3-0.4 percent, according to financial
bookmakers.
* The UK blue chip index closed down 0.5...
Read more
to 25 points on Wednesday, or 0.3-0.4 percent, according to financial
bookmakers.
* The UK blue chip index closed down 0.5...
Read more
UPDATE 1-UK Stocks-Factors to watch on Sept. 14
Sept 14 (Reuters) - Britain's FTSE 100 index is seen opening up 23
to 25 points on Wednesday, or 0.3-0.4 percent, according to financial
bookmakers, with futures up 0.3 percent ahead of the cash...
Read more
to 25 points on Wednesday, or 0.3-0.4 percent, according to financial
bookmakers, with futures up 0.3 percent ahead of the cash...
Read more
PRESS DIGEST- British Business - Sept 14
Sept 14 - 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
pages of British newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
BRIEF-China Resources Beer Holdings Co considering bid for SABMiller PLC's central and eastern european assets, valued at about $6 bln- Bloomberg
* China Resources Beer Holdings Co considering a bid for
SABMiller PLC's central and eastern european assets, valued at
about $6 bln- Bloomberg
Read more
SABMiller PLC's central and eastern european assets, valued at
about $6 bln- Bloomberg
Read more
UPDATE 1-Pharol, Société Mondiale end dispute over Brazil's Oi, sources say
SAO PAULO, Sept 13 (Reuters) - The top two shareholders in
Oi SA have agreed to end their dispute over the future of
Brazil's largest fixed-line carrier, which is mired in a
protracted bankruptcy...
Read more
Oi SA have agreed to end their dispute over the future of
Brazil's largest fixed-line carrier, which is mired in a
protracted bankruptcy...
Read more
PRESS DIGEST- Financial Times - Sept 14
Sept 13 (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
BRIEF-Venaxis reports acquisition of Bioptix
* Acquired as of Sept 12, approximately 98% of voting
shares of Bioptix for about 14% of Venaxis post-deal outstanding
common shares
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shares of Bioptix for about 14% of Venaxis post-deal outstanding
common shares
Source text for Eikon:
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BRIEF-Blackstone's Schwarzman sees opportunities in U.S. real estate - CNBC
* Blackstone's Schwarzman says technology revolution and
disruption destroys more jobs than it creates -CNBC
Read more
disruption destroys more jobs than it creates -CNBC
Read more
Canadian energy asset sales seen picking up in coming months
TORONTO, Sept 13 (Reuters) - Canadian energy companies will
likely sell more exploration and production assets in the next
several months, driven by weaker producers shoring up their
balance sheets...
Read more
likely sell more exploration and production assets in the next
several months, driven by weaker producers shoring up their
balance sheets...
Read more
KKR, Goldman to take control of British oil group Expro - Sky News
Sept 13 (Reuters) - British oilfield services group Expro
International Group Ltd will be controlled by four lenders,
including KKR & Co LP and Goldman Sachs Group Inc
, as part of a financial...
Read more
International Group Ltd will be controlled by four lenders,
including KKR & Co LP and Goldman Sachs Group Inc
, as part of a financial...
Read more
U.S. judge denies Vivint request to advance SunEdison litigation
Sept 13 (Reuters) - A U.S. bankruptcy court judge on Tuesday
denied Vivint Solar Inc's request to advance its
lawsuit against bankrupt renewable energy developer SunEdison
Inc stemming from a failed...
Read more
denied Vivint Solar Inc's request to advance its
lawsuit against bankrupt renewable energy developer SunEdison
Inc stemming from a failed...
Read more
B&G Foods in bid to buy Mazola cooking oil maker -sources
Sept 13 (Reuters) - Snack foods company B&G Foods Inc
is in talks to acquire ACH Food Companies Inc, the
producer of Mazola cooking oil, from food supplier and retailer
Associated British Foods Plc,...
Read more
is in talks to acquire ACH Food Companies Inc, the
producer of Mazola cooking oil, from food supplier and retailer
Associated British Foods Plc,...
Read more
Investors reluctant to back Monte Paschi's cash call
LONDON, Sept 13 (Reuters) - Investors are reluctant to back
Monte dei Paschi di Siena's bid to raise billions of
euros, leading fund managers and a source with knowledge of the
matter told Reuters,...
Read more
Monte dei Paschi di Siena's bid to raise billions of
euros, leading fund managers and a source with knowledge of the
matter told Reuters,...
Read more
UPDATE 1-TD Bank to buy U.S. broker-dealer Albert Fried
TORONTO, Sept 13 (Reuters) - Canadian lender
Toronto-Dominion Bank's capital markets division said on
Tuesday it plans to acquire Albert Fried & Co, a New York-based
broker-dealer, to expand its...
Read more
Toronto-Dominion Bank's capital markets division said on
Tuesday it plans to acquire Albert Fried & Co, a New York-based
broker-dealer, to expand its...
Read more
Linde CEO to step down after Praxair deal falls through
BERLIN, Sept 13 (Reuters) - The chief executive of Linde
will not stay on when his contract expires next year,
the industrial gases company said on Tuesday, joining the chief
financial officer in...
Read more
will not stay on when his contract expires next year,
the industrial gases company said on Tuesday, joining the chief
financial officer in...
Read more
New money weakens returns, set to drive insurance M&A
MONACO, Sept 13 (Reuters) - Insurance executives meeting in
Monaco are preparing for another wave of mergers and
acquisitions, driven by competition and new money entering the
market and driving down...
Read more
Monaco are preparing for another wave of mergers and
acquisitions, driven by competition and new money entering the
market and driving down...
Read more
Toronto Dominion Bank to buy U.S. broker-dealer Albert Fried
TORONTO, Sept 13 (Reuters) - Toronto-Dominion Bank's
capital markets division said on Tuesday it plans to acquire
Albert Fried & Co, a New York-based broker-dealer, to expand its
presence in the...
Read more
capital markets division said on Tuesday it plans to acquire
Albert Fried & Co, a New York-based broker-dealer, to expand its
presence in the...
Read more
Israeli cloud-based network security firm Cato raises $30 mln
JERUSALEM, Sept 13 (Reuters) - Cato Networks, an Israeli
provider of cloud-based network security, said on Tuesday it
raised $30 million in a funding round led by Greylock Partners.
Read more
provider of cloud-based network security, said on Tuesday it
raised $30 million in a funding round led by Greylock Partners.
Read more
BRIEF-XO Group announced acquisition of How he asked
* Stacy Stahl will join XO Group and continue to run
howheasked.com and its social media handles
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howheasked.com and its social media handles
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BRIEF-Turquoise Capital enters into definitive agreement for qualifying transaction with Five Star Diamonds
* Turquoise Capital Corp. enters into definitive agreement
for qualifying transaction with Five Star Diamonds Ltd.
Read more
for qualifying transaction with Five Star Diamonds Ltd.
Read more
BRIEF-Xfuels subsidiary signs LOI to merge Hydration Company of PA, LLC
* Xfuels Inc subsidiary signs LOI to merge Hydration Company
of PA, LLC
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of PA, LLC
Source text for Eikon:
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Deals of the day- Mergers and acquisitions
Sept 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1045 GMT on Tuesday:
Read more
acquisitions and disposals were reported by 1045 GMT on Tuesday:
Read more
RPT-INSIGHT-Brexit chills M&A activity despite some big deals, data shows
LONDON, Sept 13 (Reuters) - Britain's shock vote to leave
the European Union chilled dealmaking activity involving British
companies to the lowest level in at least two decades as bosses
grapple with...
Read more
the European Union chilled dealmaking activity involving British
companies to the lowest level in at least two decades as bosses
grapple with...
Read more
UPDATE 1-U.S. hedge fund Elliot Management ups Arcam stake, share rises
* U.S. hedge fund Elliot Management has raised its stake in
Swedish 3D printer maker Arcam to 6.6 percent of
shares and votes, through its investment vehicle Elliot Capital
Advisors, L.P., a filing...
Read more
Swedish 3D printer maker Arcam to 6.6 percent of
shares and votes, through its investment vehicle Elliot Capital
Advisors, L.P., a filing...
Read more
TABLE-British M&A chilled since Brexit, data shows
LONDON, Sept 13 (Reuters) - The following table shows M&A
data for the UK since the June 23 EU referendum. The data was
compiled by Thomson Reuters.
For a story on the data, click on
UK...
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data for the UK since the June 23 EU referendum. The data was
compiled by Thomson Reuters.
For a story on the data, click on
UK...
Read more
RPT-UPDATE 1-Former Dutch finance minister Zalm to resign as ABN Amro CEO
AMSTERDAM, Sept 13 (Reuters) - ABN Amro said on
Tuesday that CEO Gerrit Zalm, the former Dutch finance minister
who led the bank in the aftermath of the 2008 financial crisis,
will resign next year.
Read more
Tuesday that CEO Gerrit Zalm, the former Dutch finance minister
who led the bank in the aftermath of the 2008 financial crisis,
will resign next year.
Read more
Monday, September 12, 2016
BRIEF-VersaBank and PWC capital to merge
* Board of each of PWC and vb resolved to unanimously
recommend that their securityholders vote in favour of
transaction
Read more
recommend that their securityholders vote in favour of
transaction
Read more
PRESS DIGEST- New York Times business news - Sept 13
Sept 13 (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
UPDATE 1-Oprah to help Weight Watchers find new leader after CEO resigns
CHICAGO, Sept 12 (Reuters) - Oprah Winfrey will help Weight
Watchers International Inc pick a new leader, the diet
company said on Monday, about a year after the media mogul
announced she had bought...
Read more
Watchers International Inc pick a new leader, the diet
company said on Monday, about a year after the media mogul
announced she had bought...
Read more
PRESS DIGEST- Financial Times - Sept 13
Sept 12 (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
Oprah to help Weight Watchers find new leader after CEO resigns
CHICAGO, Sept 12 (Reuters) - Weight Watchers International
Inc said its chief executive, James Chambers, will step
down at the end of September after three years on the job, and
board member Oprah...
Read more
Inc said its chief executive, James Chambers, will step
down at the end of September after three years on the job, and
board member Oprah...
Read more
UPDATE 2-Freeport to sell U.S. Gulf assets to Anadarko for $2 bln
Sept 12 (Reuters) - Freeport McMoRan Inc said on
Monday it will sell its deepwater Gulf of Mexico oil and natural
gas assets to Anadarko Petroleum Corp for $2 billion as
it looks to cut its heavy...
Read more
Monday it will sell its deepwater Gulf of Mexico oil and natural
gas assets to Anadarko Petroleum Corp for $2 billion as
it looks to cut its heavy...
Read more
BRIEF-Global Logistic Properties to buy U.S. warehouse portfolio for $1.1 billion - WSJ, citing sources
* Global Logistic Properties to buy U.S. warehouse portfolio
for $1.1 billion - WSJ, citing sources
Read more
for $1.1 billion - WSJ, citing sources
Read more
BRIEF-Actions Semiconductor enters into definitive merger agreement for going private transaction
* Actions Semiconductor enters into definitive merger
agreement for going private transaction
Read more
agreement for going private transaction
Read more
Anadarko to buy Freeport's U.S. Gulf assets for $2 billion
Sept 12 (Reuters) - Anadarko Petroleum Corp said it
agreed to buy deepwater Gulf of Mexico assets of Freeport
McMoRan Inc's oil and gas unit for $2 billion.
Read more
agreed to buy deepwater Gulf of Mexico assets of Freeport
McMoRan Inc's oil and gas unit for $2 billion.
Read more
INSIGHT-Brexit chills M&A activity despite some big deals, data shows
LONDON, Sept 12 (Reuters) - Britain's shock vote to leave
the European Union chilled dealmaking activity involving British
companies to the lowest level in at least two decades as bosses
grapple with...
Read more
the European Union chilled dealmaking activity involving British
companies to the lowest level in at least two decades as bosses
grapple with...
Read more
Italy's supermarket chain Esselunga picks Citi to assess possible bids-sources
MILAN/ROME, Sept 12 (Reuters) - The 90-year old founder of
leading Italian supermarket chain Esselunga is considering a
possible sale and has picked Citigroup as adviser to
assess expressions of...
Read more
leading Italian supermarket chain Esselunga is considering a
possible sale and has picked Citigroup as adviser to
assess expressions of...
Read more
UPDATE 3-Activist Starboard demands rapid changes at Perrigo
NEW YORK, Sept 12 (Reuters) - Activist shareholder Starboard
Value LP on Monday disclosed a 4.6 percent stake in Perrigo Co
Plc and said the Dublin-based drugmaker must make
immediate improvements to...
Read more
Value LP on Monday disclosed a 4.6 percent stake in Perrigo Co
Plc and said the Dublin-based drugmaker must make
immediate improvements to...
Read more
BRIEF-Atos to acquire Anthelio Healthcare Solutions
* Intended acquisition received unanimous support of both
atos and anthelio boards of directors
Read more
atos and anthelio boards of directors
Read more
BRIEF-MediaNews opposes Randstad bid for jobs site Monster
* Newspaper company MediaNews repeats it opposes staffing
company Randstad's $3.40 per share takeover bid for
jobs site Monster Worldwide.
Read more
company Randstad's $3.40 per share takeover bid for
jobs site Monster Worldwide.
Read more
UPDATE 2-Horizon Pharma to buy Raptor Pharma for $800 mln
Sept 12 (Reuters) - Horizon Pharma Plc said it
would buy Raptor Pharmaceutical Corp for nearly $800
million to bolster its portfolio of drugs to treat rare diseases
and reduce its dependence on the...
Read more
would buy Raptor Pharmaceutical Corp for nearly $800
million to bolster its portfolio of drugs to treat rare diseases
and reduce its dependence on the...
Read more
BRIEF-Opentext to acquire Dell EMC's enterprise content division, including Documentum
* Opentext signs definitive agreement to acquire Dell EMC's
enterprise content division, including Documentum
Read more
enterprise content division, including Documentum
Read more
SolarCity raises $305 mln to fund solar projects
Sept 12 (Reuters) - Solar panel installer SolarCity Corp
, which is being bought by Tesla Motors Inc for
$2.6 billion, said on Monday it had raised $305 million to fund
its projects.
Read more
, which is being bought by Tesla Motors Inc for
$2.6 billion, said on Monday it had raised $305 million to fund
its projects.
Read more
BRIEF-Dermira acquires option to license exclusive rights for up to three early-stage programs from Takeda
* Acquires option to license exclusive rights for up to
three early-stage programs from Takeda Pharmaceutical Company
ltd
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three early-stage programs from Takeda Pharmaceutical Company
ltd
Read more
Horizon Pharma to acquire Raptor Pharmaceuticals
Sept 12 (Reuters) - Horizon Pharma Plc said it has
agreed to buy Raptor Pharmaceutical Corp for nearly
$800 Million to expand its business in the rare diseases
treatment market.
Read more
agreed to buy Raptor Pharmaceutical Corp for nearly
$800 Million to expand its business in the rare diseases
treatment market.
Read more
BRIEF-Agrium and PotashCorp to combine in merger of equals
* Agrium and PotashCorp to combine in merger of equals to
create a world-Class integrated global supplier of crop inputs
Read more
create a world-Class integrated global supplier of crop inputs
Read more
MOVES-ICBC Standard Bank hires Mon Ullah as head of equity financing
LONDON, Sept 12 (Reuters) - ICBC Standard Bank
has hired former Bank of America Merrill Lynch banker Mon Ullah
as head of equity financing as part of its plans to beef up its
investment banking...
Read more
has hired former Bank of America Merrill Lynch banker Mon Ullah
as head of equity financing as part of its plans to beef up its
investment banking...
Read more
BRIEF-HP Inc agrees to buy Samsung Electronics's printer business
* HP Inc accelerates disruption of $55 billion copier
segment with acquisition of Samsung Electronics Co, Ltd's
printer business
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segment with acquisition of Samsung Electronics Co, Ltd's
printer business
Read more
UPDATE 1-Sanofi, Google parent in $500 mln diabetes joint venture
PARIS, Sept 12 (Reuters) - French drugmaker Sanofi
and Google owner Alphabet's life sciences firm Verily are to
invest about $500 million in a diabetes joint venture combining
devices with...
Read more
and Google owner Alphabet's life sciences firm Verily are to
invest about $500 million in a diabetes joint venture combining
devices with...
Read more
GSK sells anaesthetics to Aspen for up to $370 mln
LONDON, Sept 12 (Reuters) - GlaxoSmithKline is to
sell its portfolio of anaesthetic drugs to South Africa's Aspen
Pharmacare for up to 280 million pounds ($372 million)
as part of a drive by the...
Read more
sell its portfolio of anaesthetic drugs to South Africa's Aspen
Pharmacare for up to 280 million pounds ($372 million)
as part of a drive by the...
Read more
Sunday, September 11, 2016
UPDATE 1-UK Stocks-Factors to watch on Sept. 12
Sept 12 (Reuters) - Britain's FTSE 100 index is seen opening down 96
points, or 1.4 percent lower on Monday, according to financial bookmakers, with
futures down 1.4 percent ahead of the cash market...
Read more
points, or 1.4 percent lower on Monday, according to financial bookmakers, with
futures down 1.4 percent ahead of the cash market...
Read more
Friday, September 9, 2016
BRIEF-Cataca Resources to acquire Flitways Technology Inc
* Upon completion of this transaction, Flitways Technology
will become a wholly-owned subsidiary of company
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will become a wholly-owned subsidiary of company
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Oklahoma judge OKs McClendon land sale, freeing Thunder stake
OKLAHOMA CITY/NEW YORK, Sept 9 (Reuters) - The judge overseeing Aubrey McClendon's estate approved a land deal on Friday that will pay off one of the late energy magnate's major creditors, paving the...
Read more
Read more
BRIEF-Oracle extends Netsuite related tender offer
* Extended its tender offer in connection with acquisition
of Netsuite Inc. until October 6, 2016
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of Netsuite Inc. until October 6, 2016
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BRIEF-Kivalliq acquires Roughrider Exploration shares
* On August 30, 2016, in private transaction, it acquired
ownership of and control over 2 million common shares of
Roughrider Exploration
Read more
ownership of and control over 2 million common shares of
Roughrider Exploration
Read more
UPDATE 3-Hanjin Shipping gets U.S. court order, cash to unload ships
Sept 9 (Reuters) - A U.S. judge said on Friday he will grant
Hanjin Shipping Co Ltd provisional protection from
creditors in the United States, enabling some vessels to dock
and unload at U.S. ports.
Read more
Hanjin Shipping Co Ltd provisional protection from
creditors in the United States, enabling some vessels to dock
and unload at U.S. ports.
Read more
REFILE-UPDATE 3-Ailing Italian bank Monte dei Paschi to name new boss in coming days
MILAN, Sept 9 (Reuters) - Italian bank Monte dei Paschi
plans to appoint a new chief executive in the next few
days to lead a 5 billion-euro ($5.6 billion) capital raising
which is needed to stave...
Read more
plans to appoint a new chief executive in the next few
days to lead a 5 billion-euro ($5.6 billion) capital raising
which is needed to stave...
Read more
EU mergers and takeovers (Sept 9)
BRUSSELS, Sept 9 (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-Ford says Ford GoBike to launch in San Francisco
* Ford partnering with global cities on new transportation;
chariot shuttle to be acquired, ford gobike to launch in san
francisco
Read more
chariot shuttle to be acquired, ford gobike to launch in san
francisco
Read more
Risky credits thrive in wide open market
NEW YORK, Sept 9 (IFR) - Investors rushed into the riskiest
trades this week and proved beyond doubt that the primary market
is now wide open for every kind of junk-rated borrower willing
to issue...
Read more
trades this week and proved beyond doubt that the primary market
is now wide open for every kind of junk-rated borrower willing
to issue...
Read more
UPDATE 1-Hanjin Shipping says has cash to begin unloading four ships
Sept 9 (Reuters) - Hanjin Shipping Co Ltd has
received authority to spend the money needed to dock at U.S.
ports and begin unloading four vessels that have been stranded
at sea by the company's...
Read more
received authority to spend the money needed to dock at U.S.
ports and begin unloading four vessels that have been stranded
at sea by the company's...
Read more
UPDATE 1-Russian ministry wants defence spending cut, Putin resists
MOSCOW, Sept 9 (Reuters) - Russia's finance ministry wants
to cut defence spending over 2017-19 by 6 percent from this
year's level, a government source told Reuters on Friday, but
President Vladimir...
Read more
to cut defence spending over 2017-19 by 6 percent from this
year's level, a government source told Reuters on Friday, but
President Vladimir...
Read more
Deals of the day-Mergers and acquisitions
Sept 9 (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
UPDATE 1-Greece needs to get back to work on bailout reforms -euro zone officials
* Austria finmin says "not feeling good" about Greece
(Updates with news conference, more comments)
Read more
(Updates with news conference, more comments)
Read more
UPDATE 1-ValueAct buys stake in Seagate Technology
Sept 9 (Reuters) - Seagate Technology Plc has sold a
stake in itself to ValueAct Capital in a deal that also provides
the activist hedge fund with a front-row view of its board
meetings, the...
Read more
stake in itself to ValueAct Capital in a deal that also provides
the activist hedge fund with a front-row view of its board
meetings, the...
Read more
BRIEF-Medivation and Pfizer file premerger notification
* Says on Sept 7, Pfizer and Medivation filed premerger
notification and report form with FTC and antitrust division -
SEC filing
Read more
notification and report form with FTC and antitrust division -
SEC filing
Read more
EU regulators halt Dow, DuPont merger review to gather data
BRUSSELS, Sept 9 (REUTERS) - EU antitrust regulators have
halted their scrutiny of Dow Chemical Co and DuPont's
proposed merger while the companies provide more
information regarding their $130...
Read more
halted their scrutiny of Dow Chemical Co and DuPont's
proposed merger while the companies provide more
information regarding their $130...
Read more
BRIEF-United Community says Ohio Legacy deal includes termination fee of $1.6 mln
* Agreement with Ohio Legacy provides termination fee of
$1.6 million payable by Ohio Legacy to UCFC upon termination of
merger
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$1.6 million payable by Ohio Legacy to UCFC upon termination of
merger
Source text for Eikon:
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(Reporting By...
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UPDATE 1-Samsung Elec considers $1.8 bln printer business sale to HP -report
* Samsung Group has been divesting from non-core businesses
(Updates with background on Samsung, printer market)
Read more
(Updates with background on Samsung, printer market)
Read more
Greece needs to get back to work on bailout reforms -euro zone ministers
BRATISLAVA, Sept 9 (Reuters) - Euro zone finance ministers
pushed Greece on Friday to get back to work and speed up a
reform drive it agreed to in a bailout package before getting a
new tranche of...
Read more
pushed Greece on Friday to get back to work and speed up a
reform drive it agreed to in a bailout package before getting a
new tranche of...
Read more
German stocks - Factors to watch on September 9
FRANKFURT/BERLIN, Sept 9 (Reuters) - The DAX top-30 index
looked set to open 0.1 percent lower on Friday,
according to premarket data from brokerage Lang & Schwarz at
0610 GMT.
Read more
looked set to open 0.1 percent lower on Friday,
according to premarket data from brokerage Lang & Schwarz at
0610 GMT.
Read more
Russian finance ministry proposes broad spending cuts, including on defence
MOSCOW, Sept 9 (Reuters) - Russia's finance ministry is
proposing that defence expenditures are trimmed by 6 percent
annually over the next three years, along with similar cuts in
other ministerial...
Read more
proposing that defence expenditures are trimmed by 6 percent
annually over the next three years, along with similar cuts in
other ministerial...
Read more
Thursday, September 8, 2016
Investors say bid for Brazil's bankrupt Oi can win over creditors
SAO PAULO, Sept 8 (Reuters) - Investors planning a bid to
take over Brazil's bankrupt phone carrier Oi SA said
Thursday they can win over disgruntled creditors with a more
attractive debt repayment...
Read more
take over Brazil's bankrupt phone carrier Oi SA said
Thursday they can win over disgruntled creditors with a more
attractive debt repayment...
Read more
CORRECTED-UPDATE 2-Google to buy cloud software company Apigee for $625 mln
SAN FRANCISCO, Sept 8 (Reuters) - Alphabet Inc's
Google said on Thursday it is acquiring cloud software company
Apigee Corp in a deal valued at about $625 million, the
tech giant's latest effort to...
Read more
Google said on Thursday it is acquiring cloud software company
Apigee Corp in a deal valued at about $625 million, the
tech giant's latest effort to...
Read more
PRESS DIGEST- British Business - Sept 9
Sept 9 - 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
pages of British newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Read more
BRIEF-INTL FCStone says subsidiary to acquire London-based EMEA oils business of ICAP
* Says its subsidiary, INTL FCStone Ltd, has reached an
agreement to acquire the London-based EMEA oils business of ICAP
Plc
Source text for Eikon:
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agreement to acquire the London-based EMEA oils business of ICAP
Plc
Source text for Eikon:
Further company coverage:
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UPDATE 1-Enterprise pulls Williams bid due to lack of engagement
NEW YORK, Sept 8 (Reuters) - Pipeline company Enterprise
Products Partners on Thursday withdrew its takeover bid
for rival Williams Cos Inc, saying that Williams' lack
of engagement left it with "no...
Read more
Products Partners on Thursday withdrew its takeover bid
for rival Williams Cos Inc, saying that Williams' lack
of engagement left it with "no...
Read more
BRIEF-Nextera to acquire indirect 24 pct interest in Desert Sunlight Investment
* Nextera Energy Partners LP announces agreement to acquire
indirect 24 percent interest in Desert Sunlight Investment
Holdings, Llc
Read more
indirect 24 percent interest in Desert Sunlight Investment
Holdings, Llc
Read more
Motor racing-Liberty will not 'Americanise' F1, says Carey
LONDON, Sept 8 (Reuters) - The United States can be a big growth area for Formula One but Liberty Media have no desire to 'Americanise' the sport after the U.S. company's takeover, new F1 chairman...
Read more
Read more
BRIEF-United Community Financial to acquire Ohio Legacy Corp
* United Community Financial Corp to expand Akron and Canton
Ohio presence with agreement to acquire Ohio Legacy Corp
Read more
Ohio presence with agreement to acquire Ohio Legacy Corp
Read more
Bayer exploring sale of dermatology business - Bloomberg
Sept 8 (Reuters) - German chemicals and crop pesticides firm
Bayer AG is exploring the sale of its dermatology
business to push forward its deal with Monsanto Co,
Bloomberg reported, citing sources.
Read more
Bayer AG is exploring the sale of its dermatology
business to push forward its deal with Monsanto Co,
Bloomberg reported, citing sources.
Read more
BRIEF-Accenture agreed to buy New Energy Group
* Entered into an agreement to acquire New Energy Group, an
Italy-based company specializing in salesforce solutions
Read more
Italy-based company specializing in salesforce solutions
Read more
BRIEF-Bayer to explore sale of $1.1 bln dermatology business - Bloomberg
* Bayer said to explore sale of $1.1 billion dermatology
business - Bloomberg, citing source
Read more
business - Bloomberg, citing source
Read more
UPDATE 1-Weaker airlines set to feel the pinch in Europe's overcrowded market - CEOs
LONDON, Sept 8 (Reuters) - An increasingly competitive
European airline market could soon bring consolidation and
possibly European low-cost carriers providing local connecting
services or "feeder"...
Read more
European airline market could soon bring consolidation and
possibly European low-cost carriers providing local connecting
services or "feeder"...
Read more
Grecia, slitta scadenza vendita società manutenzione ferrovie
ATENE, 8 settembre (Reuters) - La Grecia ha prorogato di tre
settimane fino al 3 ottobre il termine per la presentazione
delle manifestazioni di interesse per la vendita di Rosco, la
società statale...
Read more
settimane fino al 3 ottobre il termine per la presentazione
delle manifestazioni di interesse per la vendita di Rosco, la
società statale...
Read more
Walgreens says may have to sell 500-1000 stores for Rite Aid deal approval
Sept 8 (Reuters) - Drugstore chain Walgreens Boots Alliance
Inc said it would likely have to divest between 500 and
1000 stores to win regulatory approval for its planned
acquisition of Rite Aid Corp.
Read more
Inc said it would likely have to divest between 500 and
1000 stores to win regulatory approval for its planned
acquisition of Rite Aid Corp.
Read more
RPT-UPDATE 1-Motor racing-Formula One faces big shake-up after Liberty deal
LONDON, Sept 7 (Reuters) - Formula One faces its biggest
shake-up in decades with the announcement on Wednesday that U.S.
cable TV mogul John Malone's Liberty Media has agreed
to take control of the...
Read more
shake-up in decades with the announcement on Wednesday that U.S.
cable TV mogul John Malone's Liberty Media has agreed
to take control of the...
Read more
BRIEF-SA's Competition Commission okays Revlon-Elizabeth Arden deal
* Has approved, without conditions, intermediate merger
whereby Revlon intends to acquire Elizabeth Arden
Source text for Eikon: [http://bit.ly/2cmUMNb]
Further company coverage:
(Bengaluru...
Read more
whereby Revlon intends to acquire Elizabeth Arden
Source text for Eikon: [http://bit.ly/2cmUMNb]
Further company coverage:
(Bengaluru...
Read more
Micro Focus approached HP Enterprise about a deal in February
LONDON, Sept 8 (Reuters) - Britain's Micro Focus
International approached Hewlett Packard Enterprise Co
in February about an $8.8 billion deal and was not put
off by the market chaos thrown up by...
Read more
International approached Hewlett Packard Enterprise Co
in February about an $8.8 billion deal and was not put
off by the market chaos thrown up by...
Read more
BRIEF-Avnet says U.S. clears Premier Farnell deal
* U.S. FTC granted early termination of waiting period
required under Hart-Scott-Rodino Antitrust Improvements Act 1976
for Premier Farnell deal
Read more
required under Hart-Scott-Rodino Antitrust Improvements Act 1976
for Premier Farnell deal
Read more
Poland - Factors to Watch, Sept 8
Following are news stories, press reports and events to watch
that may affect Poland's financial markets on Thursday. ALL
TIMES GMT (Poland: GMT + 2 hours):
Read more
that may affect Poland's financial markets on Thursday. ALL
TIMES GMT (Poland: GMT + 2 hours):
Read more
Wednesday, September 7, 2016
BRIEF-Yandex terminates agreement to buy its Moscow headquarters
* Yandex has terminated the framework agreement entered into
on Feb. 19, 2016, with Krasnaya Roza 1875 Limited, a Cypriot
company, pursuant to which Yandex was to become the sole owner
of the company...
Read more
on Feb. 19, 2016, with Krasnaya Roza 1875 Limited, a Cypriot
company, pursuant to which Yandex was to become the sole owner
of the company...
Read more
UK Stocks-Factors to watch on Sept. 8
Sept 8 (Reuters) - Britain's FTSE 100 index is seen opening down 3
to 5 points on Thursday, according to financial bookmakers.
* The UK blue chip index closed 0.3 percent higher on Wednesday...
Read more
to 5 points on Thursday, according to financial bookmakers.
* The UK blue chip index closed 0.3 percent higher on Wednesday...
Read more
UPDATE 3-Intel to spin out security unit, sell stake in business to TPG
Sept 7 (Reuters) - Intel Corp said it would spin
out its cyber security division, formerly known as McAfee, and
sell a majority stake in it to investment firm TPG for $3.1
billion in cash.
Read more
out its cyber security division, formerly known as McAfee, and
sell a majority stake in it to investment firm TPG for $3.1
billion in cash.
Read more
PRESS DIGEST- British Business - Sept 8
Sept 8 (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
Liberty Media to buy Formula One in $4.4 bln deal
Sept 7 (Reuters) - Liberty Media, a U.S. based
media and communications company with interests in Atlanta
Braves baseball team and satellite radio service Sirius XM, said
it would buy the cash-rich...
Read more
media and communications company with interests in Atlanta
Braves baseball team and satellite radio service Sirius XM, said
it would buy the cash-rich...
Read more
UPDATE 3-HP Enterprise in $8.8 bln deal with Micro Focus for software assets
Sept 7 (Reuters) - Hewlett Packard Enterprise Co (HPE)
will spin off and merge its non-core software assets
with Britain's Micro Focus International Plc in a deal
worth $8.8 billion, the companies...
Read more
will spin off and merge its non-core software assets
with Britain's Micro Focus International Plc in a deal
worth $8.8 billion, the companies...
Read more
BRIEF-Intel and TPG to collaborate to establish McAfee as a cybersecurity company valued at $4.2 bln
* Intel and TPG to collaborate to establish McAfee as
leading independent cybersecurity company valued at $4.2 billion
Read more
leading independent cybersecurity company valued at $4.2 billion
Read more
Intel to spin out cybersecurity unit, sell stake in business to TPG
Sept 7 (Reuters) - Intel Corp said it would spin
out its cybersecurity division and sell a majority stake in it
to investment firm TPG for $3.1 billion in cash.
Read more
out its cybersecurity division and sell a majority stake in it
to investment firm TPG for $3.1 billion in cash.
Read more
Viacom hires Morgan Stanley, LionTree to advise on capital structure-source
NEW YORK, Sept 7 (Reuters) - Viacom Inc has hired
Morgan Stanley and LionTree Llc as part of a review of
its capital structure, according to a source familiar with the
situation.
Read more
Morgan Stanley and LionTree Llc as part of a review of
its capital structure, according to a source familiar with the
situation.
Read more
UPDATE 1-Viacom hires Morgan Stanley, LionTree for capital structure review -source
NEW YORK, Sept 7 (Reuters) - Viacom Inc has hired
Morgan Stanley and LionTree Llc as part of a review of
its capital structure, a source familiar with the situation said
on Wednesday.
Read more
Morgan Stanley and LionTree Llc as part of a review of
its capital structure, a source familiar with the situation said
on Wednesday.
Read more
BRIEF-Micro Focus will buy Hewlett Packard's software unit in deal worth around £7 bln - Sky News
* UK tech company Micro Focus will buy Hewlett Packard's
software unit in a deal worth around £7 bln - Sky News, citing
sources
Read more
software unit in a deal worth around £7 bln - Sky News, citing
sources
Read more
HP Enterprise nears deal to sell software division -source
Sept 7 (Reuters) - Hewlett Packard Enterprise Co (HPE)
is nearing a deal to sell its software division to
British software group Micro Focus International Plc,
according to a person familiar with...
Read more
is nearing a deal to sell its software division to
British software group Micro Focus International Plc,
according to a person familiar with...
Read more
TD Bank CEO says eager for Canada acquisitions
TORONTO, Sept 7 (Reuters) - Toronto-Dominion Bank is
keen on acquisition opportunities, especially in its home market
of Canada, and the United States, Chief Executive Bharat Masrani
said on...
Read more
keen on acquisition opportunities, especially in its home market
of Canada, and the United States, Chief Executive Bharat Masrani
said on...
Read more
UniCredit seeks strategic partner for asset manager Pioneer-sources
MILAN, Sept 7 (Reuters) - Italy's largest bank UniCredit
is seeking a strategic partner for its asset
management business Pioneer, as part of a plan to bolster its
capital base, several sources...
Read more
is seeking a strategic partner for its asset
management business Pioneer, as part of a plan to bolster its
capital base, several sources...
Read more
UPDATE 1-NetSuite shareholder T. Rowe Price opposes sale to Oracle
Sept 7 (Reuters) - T. Rowe Price Group Inc,
NetSuite Inc's largest outside shareholder, said it would
not tender its shares in Oracle Corp's proposed
acquisition of the U.S. cloud computing company,...
Read more
NetSuite Inc's largest outside shareholder, said it would
not tender its shares in Oracle Corp's proposed
acquisition of the U.S. cloud computing company,...
Read more
MOVES-TPG Growth hires L Catterton managing director
Sept 7 (Reuters) - TPG Growth, the growth-capital fund of
U.S. private equity firm TPG, said on Wednesday that it had
hired Mark Grabowski from mid-market investment firm L Catterton
as a partner to...
Read more
U.S. private equity firm TPG, said on Wednesday that it had
hired Mark Grabowski from mid-market investment firm L Catterton
as a partner to...
Read more
VW says van drivers' electric eureka moment yet to come
BERLIN, Sept 7 (Reuters) - Volkswagen will
launch its first battery-powered van later this month as it
shifts to zero-emission vehicles following its diesel cheating
scandal, but customers are still...
Read more
launch its first battery-powered van later this month as it
shifts to zero-emission vehicles following its diesel cheating
scandal, but customers are still...
Read more
BRIEF-American Finance Trust, Inc. to acquire American Realty Capital
* American Finance Trust, Inc. to acquire American Realty
Capital - Retail Centers Of America, Inc. for $1.4 Billion
Read more
Capital - Retail Centers Of America, Inc. for $1.4 Billion
Read more
Motor racing-F1 boss Ecclestone says has been asked to stay on
LONDON, Sept 7 (Reuters) - Formula One's commercial supremo Bernie Ecclestone says he has been asked to stay on for three years after an imminent takeover of the sport is completed by U.S. cable TV...
Read more
Read more
UPDATE 1-Congo state miner submits offer for Freeport's Tenke copper project
KINSHASA, Sept 7 (Reuters) - The Democratic Republic of
Congo's state mining company Gecamines said on Wednesday it has
submitted an offer to buy Freeport McMoRan Inc's
majority stake in the Tenke...
Read more
Congo's state mining company Gecamines said on Wednesday it has
submitted an offer to buy Freeport McMoRan Inc's
majority stake in the Tenke...
Read more
Congo state miner submits offer for Freeport's Tenke copper project
KINSHASA, Sept 7 (Reuters) - Democratic Republic of Congo's
state mining company Gecamines has submitted an offer to buy
Freeport McMoRan Inc's majority stake in the Tenke
copper project, Gecamines'...
Read more
state mining company Gecamines has submitted an offer to buy
Freeport McMoRan Inc's majority stake in the Tenke
copper project, Gecamines'...
Read more
Top-30 Bayer investor opposes over-generous Monsanto offer
LONDON, Sept 7 (Reuters) - A top-30 investor in German
chemicals and crop pesticides firm Bayer said revised
terms aimed at securing a deal to buy U.S. rival Monsanto
were far too generous.
Read more
chemicals and crop pesticides firm Bayer said revised
terms aimed at securing a deal to buy U.S. rival Monsanto
were far too generous.
Read more
KKR, HKBN place final bids for Wharf's HK telecom unit -sources
HONG KONG, Sept 7 (Reuters) - KKR & Co LP and HKBN
Ltd have placed final bids for the Hong Kong telecom
arm of Wharf Holdings Ltd, in a deal likely to fetch
$1 billion to $1.2 billion, people...
Read more
Ltd have placed final bids for the Hong Kong telecom
arm of Wharf Holdings Ltd, in a deal likely to fetch
$1 billion to $1.2 billion, people...
Read more
Tuesday, September 6, 2016
Brasil Pharma nears sale of two drugstore chains, sources say
SAO PAULO, Sept 7 (Reuters) - Brasil Pharma SA is
close to selling two units for about 1.2 billion reais ($375
million) as the nation's No. 3 drugstore chain shrinks further
to cut debt, two people...
Read more
close to selling two units for about 1.2 billion reais ($375
million) as the nation's No. 3 drugstore chain shrinks further
to cut debt, two people...
Read more
PRESS DIGEST- Financial Times - Sept. 7
Sept 7 (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
BRIEF-Modine announces agreement to acquire Luvata Heat Transfer Solutions for about $422 mln
* To acquire Luvata Heat Transfer Solutions for about $422
million, to be financed through a combination of cash, debt, $25
million of Modine common stock
Read more
million, to be financed through a combination of cash, debt, $25
million of Modine common stock
Read more
BRIEF-Yuma Energy agrees to merger and reorganization dated Feb 10- SEC filing
* On Sept.2, 2016, entered into amendment to agreement and
plan of merger and reorganization dated February 10, 2016 - sec
filing
Read more
plan of merger and reorganization dated February 10, 2016 - sec
filing
Read more
CDK Global names two new directors after Elliott agreement
Sept 6 (Reuters) - CDK Global named two new
independent directors on Tuesday in the wake of an agreement the
automotive software maker struck with hedge fund Elliott
Management.
Read more
independent directors on Tuesday in the wake of an agreement the
automotive software maker struck with hedge fund Elliott
Management.
Read more
Canada auto union says strike could affect GM Ingersoll assembly
TORONTO, Sept 6 (Reuters) - Any strike at General Motors
Co's Canadian unit will have a "profound impact" on the
company because union members at the CAMI assembly in Ingersoll,
Ontario will not...
Read more
Co's Canadian unit will have a "profound impact" on the
company because union members at the CAMI assembly in Ingersoll,
Ontario will not...
Read more
BRIEF-Agellan Commercial REIT announces the acquisition of an industrial distribution facility
* Agellan Commercial Real Estate Investment Trust announces
the acquisition of an industrial distribution facility in
Sarasota, Florida
Read more
the acquisition of an industrial distribution facility in
Sarasota, Florida
Read more
Saudi's ADC weighs bid for land rig operator Dalma -sources
DUBAI, Sept 6 (Reuters) - Saudi Arabia's Arabian Drilling
Company (ADC) is considering bidding for Dalma Energy, sources
told Reuters, in a deal which could value the land rig operator
at more than...
Read more
Company (ADC) is considering bidding for Dalma Energy, sources
told Reuters, in a deal which could value the land rig operator
at more than...
Read more
UPDATE 1-German 3D printing company Concept Laser for sale - sources
FRANKFURT, Sept 6 (Reuters) - German 3D printing group
Concept Laser has been put up for sale by its founder as he
wants to benefit from a boom in demand for the technology, which
has been the...
Read more
Concept Laser has been put up for sale by its founder as he
wants to benefit from a boom in demand for the technology, which
has been the...
Read more
BRIEF-Nokia says to offer EUR 3.50/shr for remaining Alcatel-Lucent shares, expects full ownership by early Q4
* Says to offer EUR 3.50 per share for remaining
Alcatel-Lucent shares and expects to reach 100 pct ownership by
early Q4, draft joint offer document has been filed with the
french stock market...
Read more
Alcatel-Lucent shares and expects to reach 100 pct ownership by
early Q4, draft joint offer document has been filed with the
french stock market...
Read more
Volkswagen Trucks CEO says full Navistar merger possible
FRANKFURT, Sept 6 (Reuters) - Volkswagen Trucks
Chief Executive Andreas Renschler said a full merger with
Navistar is possible once a technology and procurement
alliance between the two truck makers...
Read more
Chief Executive Andreas Renschler said a full merger with
Navistar is possible once a technology and procurement
alliance between the two truck makers...
Read more
BRIEF-Allergan acquires gene therapy company Retrosense Therapeutics
* Allergan Acquires Gene Therapy Company Retrosense
Therapeutics Adding First-In-Class technology to company's
innovative eye care pipeline
Read more
Therapeutics Adding First-In-Class technology to company's
innovative eye care pipeline
Read more
UPDATE 2-EOG to buy Yates in $2.5 bln deal, boosting Permian assets
Sept 6 (Reuters) - EOG Resources Inc said on Tuesday
it would buy privately held Yates Petroleum Corp and some of its
subsidiaries and other entities in a deal valued at $2.5 billion
to boost its...
Read more
it would buy privately held Yates Petroleum Corp and some of its
subsidiaries and other entities in a deal valued at $2.5 billion
to boost its...
Read more
UPDATE 2-Canada's Enbridge to buy Spectra Energy in $28 bln deal
Sept 6 (Reuters) - Enbridge Inc, Canada's largest
pipeline company, said on Tuesday it would buy Spectra Energy
Corp in an all-stock deal valued at about C$37 billion
($28 billion) to create the...
Read more
pipeline company, said on Tuesday it would buy Spectra Energy
Corp in an all-stock deal valued at about C$37 billion
($28 billion) to create the...
Read more
UPDATE 2-Danaher to buy Cepheid in $4 bln deal to expand in diagnostics
Sept 6 (Reuters) - Danaher Corp said on Tuesday it
would buy molecular diagnostics company Cepheid in a
deal valued at $4 billion, including debt, to strengthen its
diagnostics business.
Read more
would buy molecular diagnostics company Cepheid in a
deal valued at $4 billion, including debt, to strengthen its
diagnostics business.
Read more
Volkswagen takes $256 million Navistar stake in trucks push
FRANKFURT, Sept 6 (Reuters) - Volkswagen agreed
to supply engines to U.S. truck maker Navistar in
exchange for a 16.6 percent stake, an alliance forged by the
need to meet stringent emissions...
Read more
to supply engines to U.S. truck maker Navistar in
exchange for a 16.6 percent stake, an alliance forged by the
need to meet stringent emissions...
Read more
European shares hover near 3-mo highs, though Ingenico slumps
* Fresenius gains following Spanish acquisition
(Recasts, adds quote and detail, updates prices)
Read more
(Recasts, adds quote and detail, updates prices)
Read more
Jupiter's Herbert says Bayer/Monsanto deal carries 'significant risks'
LONDON, Sept 6 (Reuters) - A shareholder in Bayer
said on Tuesday that the German chemical and crop pesticide
firm's potential takeover of rival Monsanto represented
significant risks for...
Read more
said on Tuesday that the German chemical and crop pesticide
firm's potential takeover of rival Monsanto represented
significant risks for...
Read more
Bayer shareholder says opposes new Monsanto takeover terms
LONDON, Sept 6 (Reuters) - A leading shareholder in German
pharmaceutical and crops manufacturer Bayer said he
did not support the revised terms of a takeover offer for U.S.
rival Monsanto.
Read more
pharmaceutical and crops manufacturer Bayer said he
did not support the revised terms of a takeover offer for U.S.
rival Monsanto.
Read more
REFILE-European shares hover near 3-mo highs, Ingenico slumps
LONDON, Sept 6 (Reuters) - European shares rose slightly on
Tuesday and held near their highest levels since April supported
on the day by the energy sector and a jump in shares of
healthcare firm...
Read more
Tuesday and held near their highest levels since April supported
on the day by the energy sector and a jump in shares of
healthcare firm...
Read more
GE makes $685 bid for Swedish 3D printer firm Arcam
STOCKHOLM, Sept 6 (Reuters) - General Electric's
Swedish unit made a $685 million bid for Sweden's Arcam
on Tuesday to boost its footprint within 3D printing.
Read more
Swedish unit made a $685 million bid for Sweden's Arcam
on Tuesday to boost its footprint within 3D printing.
Read more
Monday, September 5, 2016
General Electric unveils $761 mln bid for Germany's SLM Solutions
FRANKFURT, Sept 6 (Reuters) - General Electric's
German business announced plans on Tuesday for a takeover offer
for Germany's SLM Solutions and has already signed
deals to buy almost a third of...
Read more
German business announced plans on Tuesday for a takeover offer
for Germany's SLM Solutions and has already signed
deals to buy almost a third of...
Read more
BRIEF-GE issues 5.9 bln SEK recommended cash bid for Swedish 3D printer maker Arcam
* GE Sweden Holdings, a Swedish company within the GE
Aviation operating unit and an indirectly wholly-owned
subsidiary of General Electric Company, has today announced a
public cash offer to the...
Read more
Aviation operating unit and an indirectly wholly-owned
subsidiary of General Electric Company, has today announced a
public cash offer to the...
Read more
BRIEF-Monsanto confirms updated proposal from Bayer
* Monsanto Company - Confirmed it has been engaged
in constructive negotiations with Bayer AG
Read more
in constructive negotiations with Bayer AG
Read more
UPDATE 3-Bayer sweetens Monsanto bid as talks enter final stretch
Sept 5 (Reuters) - German pharmaceutical and crops
manufacturer Bayer AG said on Monday that its
negotiations with Monsanto Co had advanced, and that it
was now willing to offer more than $65 billion...
Read more
manufacturer Bayer AG said on Monday that its
negotiations with Monsanto Co had advanced, and that it
was now willing to offer more than $65 billion...
Read more
Bayer in advanced talks with Monsanto for deal
Sept 5 (Reuters) - German drugmaker Bayer AG said
on Monday it was in advanced talks to acquire Monsanto Co
and was raising its offer for the U.S. seed producer.
Read more
on Monday it was in advanced talks to acquire Monsanto Co
and was raising its offer for the U.S. seed producer.
Read more
EU mergers and takeovers (Sept 5)
BRUSSELS, Sept 5 (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
Volkswagen to take 19.9 pct stake in Navistar for $16/shr - source
FRANKFURT, Sept 5 (Reuters) - Volkswagen will
take a 19.9 percent stake in U.S.-based rival Navistar
International Corp for around $16 per share as part of a
partnership deal, a person familiar with...
Read more
take a 19.9 percent stake in U.S.-based rival Navistar
International Corp for around $16 per share as part of a
partnership deal, a person familiar with...
Read more
Israeli fertiliser maker ICL won't bid for stake in Chile's SQM
TEL AVIV, Sept 5 (Reuters) - Fertiliser maker Israel
Chemicals (ICL) will not be bidding for an indirect
stake that is for sale in Chilean potash and lithium producer
SQM, a spokesman for the Israeli...
Read more
Chemicals (ICL) will not be bidding for an indirect
stake that is for sale in Chilean potash and lithium producer
SQM, a spokesman for the Israeli...
Read more
IEnova agrees to buy Mexico's Ventika wind farm for $850 mln
MEXICO CITY, Sept 5 (Reuters) - Mexico's Infraestructura
Energetica Nova (IEnova) said on Monday it had agreed to buy 100
percent of the Ventika wind farm from subsidiaries of Blackstone
and minority...
Read more
Energetica Nova (IEnova) said on Monday it had agreed to buy 100
percent of the Ventika wind farm from subsidiaries of Blackstone
and minority...
Read more
PRESS DIGEST- British Business - Sept. 5
Sept 5 (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
Sunday, September 4, 2016
Liberty Media nears deal for 10-15 pct stake in Formula One -FT
NEW YORK, Sept 4 (Reuters) - Liberty Media Corp is
nearing a deal to buy a significant stake in the Formula One
racing car series, with a deal expected within the next two
weeks, the Financial Times...
Read more
nearing a deal to buy a significant stake in the Formula One
racing car series, with a deal expected within the next two
weeks, the Financial Times...
Read more
AIG raises $192 mln by selling remaining PICC P&C shares-IFR
HONG KONG, Sept 5 (Reuters) - American International Group
(AIG) has raised about HK$1.49 billion ($192 million) by
selling its remaining shares in Chinese insurer PICC Property
and Casualty Co Ltd,...
Read more
(AIG) has raised about HK$1.49 billion ($192 million) by
selling its remaining shares in Chinese insurer PICC Property
and Casualty Co Ltd,...
Read more
Bayer board to discuss Monsanto bid on Sept. 14 - Rheinische Post
FRANKFURT, Sept 4 (Reuters) - Bayer's supervisory
board will discuss in a meeting on Sept. 14 whether to sweeten
its offer for Monsanto again or even pursue a hostile
takeover, German daily...
Read more
board will discuss in a meeting on Sept. 14 whether to sweeten
its offer for Monsanto again or even pursue a hostile
takeover, German daily...
Read more
PRESS DIGEST- Financial Times - Sept. 5
Sept 4 (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
Avery Dennison to buy Israel's Hanita Coatings -report
TEL AVIV, Sept 4 (Reuters) - California-based Avery Dennison
has agreed to buy Hanita Coatings from the Hanita
kibbutz and the Tene investment fund for $75 million, the
Calcalist financial news...
Read more
has agreed to buy Hanita Coatings from the Hanita
kibbutz and the Tene investment fund for $75 million, the
Calcalist financial news...
Read more
Russia, Turkey to form joint investment fund - Russian minister
HANGZHOU, China, Sept 4 (Reuters) - Russian Economy Minister
Alexei Ulyukaev said on Sunday President Vladimir Putin and his
Turkish counterpart Tayyip Erdogan had agreed to form a joint
investment...
Read more
Alexei Ulyukaev said on Sunday President Vladimir Putin and his
Turkish counterpart Tayyip Erdogan had agreed to form a joint
investment...
Read more
UPDATE 1-Formula One sale to Liberty Media to go ahead next week - auto motor und sport
FRANKFURT, Sept 3 (Reuters) - A sale of Formula One to Liberty Media is to go ahead next week, the sport's commercial supremo Bernie Ecclestone told German trade magazine auto motor und sport on the...
Read more
Read more
Saturday, September 3, 2016
Formula One sale to Liberty Media to go ahead next week - auto motor und sport
FRANKFURT, Sept 3 (Reuters) - A sale of Formula One to Liberty Media is to go ahead next week, German trade magazine auto motor und sport reported on Saturday, citing the sport's commercial supremo...
Read more
Read more
AIG seeking to raise $190mln by selling remaining China insurer shares-IFR
HONG KONG, Sept 3 (Reuters) - American International Group
(AIG) is seeking to raise about $190 million by selling
its remaining shares in China's PICC Property and Casualty Co
Ltd, according to a...
Read more
(AIG) is seeking to raise about $190 million by selling
its remaining shares in China's PICC Property and Casualty Co
Ltd, according to a...
Read more
BRIEF-Dupont updates on European Commission extension for merger
* On September 2, 2016, Dupont And Dow mutually agreed to
grant european commission an extension of 10 working days in
connection with its phase ii review.
Read more
grant european commission an extension of 10 working days in
connection with its phase ii review.
Read more
Friday, September 2, 2016
Receiver appointed for Canada's Twin Butte Energy
CALGARY, Alberta, Sept 2 (Reuters) - Twin Butte Energy
, which became the latest Canadian oil and gas producer
to file for bankruptcy this week, said on Friday an Alberta
court had appointed FTI...
Read more
, which became the latest Canadian oil and gas producer
to file for bankruptcy this week, said on Friday an Alberta
court had appointed FTI...
Read more
WRAPUP 4-China's government flexes muscles with Uber, DreamWorks probes
SHANGHAI/HONG KONG, Sept 2 (Reuters) - The Chinese
government said on Friday it was investigating two high-profile
takeover proposals involving U.S. companies, the latest sign of
its growing...
Read more
government said on Friday it was investigating two high-profile
takeover proposals involving U.S. companies, the latest sign of
its growing...
Read more
Canada fertilizer merger faces easier approval at home than in U.S.
TORONTO/WASHINGTON, Sept 2 (Reuters) - Canada's Potash Corp
of Saskatchewan and Agrium Inc are more likely
to win approval for a potential merger in Canada than the United
States, but U.S. rejection...
Read more
of Saskatchewan and Agrium Inc are more likely
to win approval for a potential merger in Canada than the United
States, but U.S. rejection...
Read more
Deals of the day- Mergers and acquisitions
Sept 2 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Friday:
Read more
and disposals were reported by 2000 GMT on Friday:
Read more
UPDATE 1-Zinc producer's shareholders fall short in bankruptcy fight
WILMINGTON, Del., Sept 2 (Reuters) - Horsehead Holding Corp
was cleared to exit bankruptcy on Friday although a
U.S. judge acknowledged that allegations by the zinc producer's
shareholders that...
Read more
was cleared to exit bankruptcy on Friday although a
U.S. judge acknowledged that allegations by the zinc producer's
shareholders that...
Read more
BRIEF-Blank check company Avista Healthcare Public Acquisition Corp files for IPO of up to $345 mln
* Blank Check Company Avista Healthcare Public Acquisition
Corp Files For Ipo Of Up To $345 Mln - Sec filing
Source (http://bit.ly/2cjUrs0)
Read more
Corp Files For Ipo Of Up To $345 Mln - Sec filing
Source (http://bit.ly/2cjUrs0)
Read more
UPDATE 1-Nexstar wins U.S. antitrust approval to merge with Media General
WASHINGTON, Sept 2 (Reuters) - Nexstar Broadcast Group
has won U.S. antitrust approval to buy Media General
Corp on condition that it sell seven television
stations, the Justice Department said on...
Read more
has won U.S. antitrust approval to buy Media General
Corp on condition that it sell seven television
stations, the Justice Department said on...
Read more
BRIEF-Goldcorp - Quarterly dividend of $0.02 per share
* Sets quarterly dividend of $0.02 per share
Source text for Eikon:
Further company coverage:
Read more
Source text for Eikon:
Further company coverage:
Read more
Judge approves Horsehead Holding bankruptcy exit
WILMINGTON, Del, Sept 2 (Reuters) - Horsehead Holding Corp's
plan to exit bankruptcy was approved on Friday after a judge
rejected allegations by the zinc producer's shareholders that
their...
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plan to exit bankruptcy was approved on Friday after a judge
rejected allegations by the zinc producer's shareholders that
their...
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UPDATE 3-Yum to sell stake in China business ahead of spinoff
* Stock to start trading on NYSE on Nov. 1
(Adds details on investors, background on spinoff, share move)
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(Adds details on investors, background on spinoff, share move)
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Delaware Judge expedites Alere lawsuit against Abbott
NEW YORK, Sept 2 (Reuters) - A Delaware judge on Friday
granted a motion to expedite Alere Inc's lawsuit against
Abbott Laboratories, which seeks to ensure that Abbott
lives up to the terms of its...
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granted a motion to expedite Alere Inc's lawsuit against
Abbott Laboratories, which seeks to ensure that Abbott
lives up to the terms of its...
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BRIEF-Accuride to pay Armor parent termination fee of $8 million is deal is terminated
* If company enters into a superior proposal prior to
solicitation period, will be required to pay to parent a
termination fee of $4.0 million
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solicitation period, will be required to pay to parent a
termination fee of $4.0 million
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WRAPUP 1-Chinese government flexes muscles with Uber, DreamWorks probes
SHANGHAI/HONG KONG, Sept 2 (Reuters) - The Chinese
government said on Friday it was investigating two high-profile
takeover proposals involving U.S. companies, the latest sign of
its growing...
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government said on Friday it was investigating two high-profile
takeover proposals involving U.S. companies, the latest sign of
its growing...
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RPT-Brazil government gaining clout in contentious Oi bankruptcy
SAO PAULO, Sept. 2 (Reuters) - Growing tensions over Oi SA's
bankruptcy process are driving some bondholders to
court Brazil's government as an ally against several investors
whom they view as a...
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bankruptcy process are driving some bondholders to
court Brazil's government as an ally against several investors
whom they view as a...
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Brazil equity capital revival could help offset slow M&A
SAO PAULO, Sept 2 (Reuters) - Brazil's long-dormant equity
capital markets could be set for a revival in the coming months
that might help offset slower-than-expected merger and
acquisition activity,...
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capital markets could be set for a revival in the coming months
that might help offset slower-than-expected merger and
acquisition activity,...
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