Reuters Deals Today: March 29, 2017

Click to View in Browser Wednesday, March 29, 2017 Deutsche Boerse, LSE merger plans rejected by EU regulators BRUSSELS (Reuters) - EU antitrust regulators vetoed the proposed 29-billion-euro ($31.3 billion) merger of Deutsche Boerse and the London Stock Exchange on Wednesday, derailing the companies' latest attempt to create Europe's biggest stock exchange. Italy's Unicredit devalues Atlante stake by 80 percent MILAN (Reuters) - UniCredit has devalued its stake in banking industry bailout fund Atlante by 80 percent, a document on its website showed, indicating Italy's biggest bank has little hope of recouping money invested to prop up failing rivals. Tesla deal boosts Chinese presence in U.S. auto tech DETROIT (Reuters) - China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services. Ride-hailing firm Careem on lookout for acquisitions, IPO an option ABU DHABI (Reuters) - Dubai-based ride-hailing company Careem is looking for acquisition opportunities and is considering an initial public offering as a possible option but has no timeframe in mind, its founder and CEO said. Other Akzo shareholders also want talks with PPG: Elliott Advisors AMSTERDAM (Reuters) - Elliott Advisors, the activist investor with a 3.25 percent stake in Akzo Nobel , said on Wednesday other shareholders owning almost a quarter of the Dutch paints and chemicals group want it to enter into talks with spurned U.S. suitor PPG Industries . Sanofi hires advisors for European generic drugs unit sale: sources FRANKFURT/LONDON (Reuters) - French drug maker Sanofi has hired advisers for the sale of its European generic drug business, several sources familiar with matter told Reuters, ahead of an auction process which is expected to start after the European summer. SK Hynix consortium bids over $9 billion for Toshiba chip unit: Maeil Business SEOUL (Reuters) - A consortium led by South Korea's SK Hynix Inc has offered to pay more than $9 billion for a majority stake in Toshiba Corp's memory chip business, the Maeil Business Newspaper reported on Wednesday citing unnamed sources. Finland's Amer Sports buys U.S. ski maker Armada HELSINKI (Reuters) - Finland's Amer Sports , which makes Wilson tennis rackets and Salomon skis, will buy U.S. ski maker Armada for $4.1 million, the company said on Wednesday. Stada CEO says bidding process fully intact BAD VILBEL, Germany (Reuters) - German drugmaker Stada , at the center of a takeover battle between two private equity consortia, said the bidding process was developing well, after delays earlier this month. China's AgBank in talks for more debt-to-equity deals BEIJING (Reuters) - Agricultural Bank of China Ltd (AgBank) , the country's third-biggest listed lender by assets, is in discussions to undertake more than 20 debt-to-equity deals, after signing agreements with eight companies. Related Video Congress turns back the clock on internet privacy Trump kills Obama-era climate policies 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