Reuters Deals Today: March 9, 2017

Click to View in Browser Thursday, March 9, 2017 Toshiba's Westinghouse brings in bankruptcy lawyers; disclosure deadlines loom NEW YORK/TOKYO (Reuters) - U.S. nuclear firm Westinghouse Electric Co LLC has hired bankruptcy attorneys, in a sign that owner Toshiba Corp is more seriously weighing a Chapter 11 filing as an option to help it rein in a multibillion dollar financial maelstrom. Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals AMSTERDAM (Reuters) - Dutch paints and coatings maker Akzo Nobel NV rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc on Thursday, saying instead it wanted to "unlock value" by spinning off its chemicals business. Linde says Praxair merger on track, outlook seen strong MUNICH, Germany (Reuters) - German industrial gases group Linde said its planned merger with U.S. rival Praxair was on track and it aimed to raise its profitability this year, lifting its shares to the top of the German blue-chip DAX on Thursday. Shell sells Canadian oil sands, ties bonuses to emissions cuts LONDON (Reuters) - Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $8.5 billion, the latest international oil major to withdraw from the costly projects, which are among the most carbon heavy. Foxconn not favored bidder for Toshiba's chip unit due to China link: sources TOKYO (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, is not a favored bidder for Toshiba Corp's memory chip business due to its close ties with China, sources with direct knowledge of the deal said. Exxon to buy stake in gas block offshore Mozambique for $2.8 billion (Reuters) - Exxon Mobil Corp said on Thursday it would buy a 25 percent stake in a natural gas-rich block, offshore Mozambique, from Italy's Eni for $2.8 billion in cash. Germany's Merck well advanced in talks to sell biosimilars unit DARMSTADT, Germany (Reuters) - Germany's Merck KGaA on Thursday said it was seeking a buyer for its biosimilars unit, confirming a Reuters report in October. Engie pulls out of UK shale gas with assets sale to Ineos LONDON (Reuters) - French energy company Engie has sold its British shale gas interests to petrochemicals firm Ineos for an undisclosed sum, the companies said on Thursday. Exclusive: Former Global Crossing CEO bets on over the top streaming video NEW YORK (Reuters) - The founder of former telecommunications company Global Crossing Inc, Gary Winnick, has acquired a majority stake in live streaming concert service Qello - the first step in creating a new company and technology platform to capitalize on the surge in online TV consumption, Winnick told Reuters. Bernstein expects Credit Suisse 2017 cap hike, no Swiss unit listing ZURICH (Reuters) - Credit Suisse could opt for a 5 billion Swiss franc ($4.9 billion) capital increase instead of floating a minority stake of its Swiss business, Bernstein analysts predicted in a note on Thursday. Related Video Government watchdog takes aim at Icahn, Trump connection Women take a day off, rally against Trump 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