Bhinneka News Online: Reuters Deals Today: March 23, 2017

Thursday, 23 March 2017

Reuters Deals Today: March 23, 2017

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Thursday, March 23, 2017

PPG's McGarry in Amsterdam to promote 'compelling' Akzo offer

AMSTERDAM (Reuters) - Paint maker PPG has made a "very compelling" offer for Akzo Nobel and was shocked when its Dutch rival turned it down, PPG's chief executive Michael McGarry said on Thursday on a visit to Amsterdam to drum up support for a proposed tie-up.

Diamond group De Beers buys out retail partner LVMH

PARIS (Reuters) - Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed amount, taking full ownership of the retail operation.

With Sears' future in doubt, vendors begin pulling back

(Reuters) - Suppliers to Sears Holdings Corp told Reuters they are doubling down on defensive measures, such as reducing shipments and asking for better payment terms, to protect against the risk of nonpayment as the company warned about its finances.

Brazil scandal tests JBS, BRF push for overseas units IPOs

SAO PAULO (Reuters) - Brazil's two largest food processors are striving to restore confidence in their quality controls as they pursue plans to list overseas units after a scandal over alleged bribery of health officials that triggered bans on Brazilian meat exports.

Singapore-based Effissimo Capital owns 8.1 percent in Toshiba-filing

TOKYO (Reuters) - Singapore-based fund Effissimo, established by former colleagues of Japan's most famous activist investor, Yoshiaki Murakami, has become the largest shareholder in Toshiba Corp with an 8.14 percent stake, a regulatory filing showed on Thursday.

Superior Industries offers $715 million for Uniwheels

WARSAW (Reuters) - U.S. aluminum wheel maker Superior Industries International has launched an offer to buy Uniwheels for around $715 million after winning the support of the Warsaw-listed company's biggest shareholder.

Fujitsu, Lenovo to postpone PC business integration: NHK

TOKYO (Reuters) - Japan's Fujitsu Ltd and China's Lenovo Group Ltd will postpone plans to integrate their personal computer operations until next month or later, Japanese public broadcaster NHK reported Thursday on its website.

France not ruling out reducing Renault stake, but must be at right price: Sapin

PARIS (Reuters) - French finance minister Michel Sapin on Thursday did not rule out France reducing its stake in Renault , but added any sale would have to take place at the best possible market conditions.

Toyota Industries buys Vanderlande for 1.2 billion euros

AMSTERDAM (Reuters) - Japan's Toyota Industries Corp said on Thursday it had agreed to buy privately-held Vanderlande Industries of the Netherlands, a maker of package and baggage handling equipment and software, for about 1.2 billion euros ($1.3 billion).

Amazon to buy Middle Eastern online retailer Souq.com: sources

DUBAI (Reuters) - Amazon.com Inc has agreed in principle to buy Dubai-based internet retailer Souq.com, one of the best-known names in the Middle East's online shopping market, sources familiar with the deal said on Wednesday.