Reuters Deals Today: March 22, 2017

Click to View in Browser Wednesday, March 22, 2017 Akzo Nobel rejects improved bid from U.S. rival PPG AMSTERDAM (Reuters) - Dutch paints and coatings maker Akzo Nobel rejected a second takeover proposal from U.S. rival PPG Industries on Wednesday, saying an improved 22.4 billion euro ($24.1 billion) offer was still too low and too risky. China's Sinopec buys first major African refinery in Chevron deal BEIJING (Reuters) - China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent. Italy to test EU rules again with Veneto banks bailout ROME/BRUSSELS (Reuters) - Italy's plans to bail out two regional banks pose a tough dilemma to European regulators, who are still considering whether Monte dei Paschi qualifies for state aid, three months after giving a preliminary green light. South Korea's KEPCO in talks to buy Toshiba's stake in UK nuclear project NuGen SEOUL (Reuters) - Korea Electric Power Corp (KEPCO) is in talks to buy a stake in the Toshiba-Engie British nuclear joint venture NuGen, chief executive of the South Korean utility said. Canada's Trican to buy Canyon Services in C$637 million deal (Reuters) - Canadian oilfield services provider Trican Well Service Ltd said it would buy smaller rival Canyon Services Group Inc in a deal valued at about C$637 million ($475.5 million), including debt. Lactalis extends offer on Parmalat shares MILAN (Reuters) - Lactalis said on Wednesday it extended a buyout offer on Parmalat for a further five days, after the French dairy group failed to reach a 90 percent stake it needed in the Italian food company to request its delisting. Saudi Aramco starts meeting investors before debut sukuk issue: sources DUBAI (Reuters) - Oil giant Saudi Aramco is starting on Wednesday a series of fixed income investor meetings ahead of its first riyal-denominated sukuk issue, banking sources told Reuters. Hotel booking platform HotelTonight raises $37 million (Reuters) - Last-minute U.S. hotel booking app HotelTonight said on Wednesday it raised $37 million in a funding round as it seeks to expand its international hotel network and invest in marketing campaigns. Indian e-commerce firm Snapdeal says not in talks for sale MUMBAI (Reuters) - Indian e-commerce marketplace Snapdeal on Wednesday denied it was in talks for a potential sale, after the Mint newspaper reported the company was in discussions with domestic rivals for a potential sale. Record outbound Canadian M&A gives foreign banks an upper hand TORONTO (Reuters) - A push by Canadian companies and pension funds to aggressively pursue overseas acquisitions is helping global investment banks to win a bigger share of M&A advisory mandates and prompting once-dominant domestic rivals to beef up their international operations. Related Video U.S. farmers call to avoid Mexico trade war Stocks sink as faith in Trump begins to wane Related News Wall St. pulls back from record; utilities slump U.S. consumer confidence rises in December Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook