Tuesday, 11 April 2017

Reuters Deals Today: April 11, 2017

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Tuesday, April 11, 2017
China's LeEco abandons $2 billion deal to buy U.S. TV maker Vizio
(Reuters) - LeEco has scrapped a planned $2 billion acquisition of U.S. consumer electronics company Vizio due to regulatory issues, a fresh setback to the cash-strapped Chinese conglomerate's expansion drive.
Linde rejects request to vote on Praxair merger at AGM
FRANKFURT (Reuters) - Germany's Linde has for a second time rejected a request for a shareholder vote at its annual general meeting next month on its planned $65 billion merger with U.S. industrial gases rival Praxair .
Exclusive - Saudis, oil majors discuss gas investments ahead of giant IPO
LONDON/DUBAI (Reuters) - Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country's drive to diversify investments before the listing of national energy giant Saudi Aramco.
Swiss billionaire Wyss gets nearly 10 percent of Molecular Partners
ZURICH (Reuters) - Swiss billionaire Hansjoerg Wyss has built a nearly 10 percent stake in biotech group Molecular Partners after share sales by Johnson & Johnson and other investors, the SIX Swiss Exchange said on Tuesday.
Atkins Nutritional to merge with blank-check firm Conyers Park
(Reuters) - Weight-control nutrition company Atkins Nutritional Holdings agreed on Tuesday to go public through a merger with blank-check company Conyers Park Acquisition Corp in a deal valuing the combined company at about $856 million.
BHP rebuffs Elliott's reform plan, says costs outweigh gains
SYDNEY/LONDON (Reuters) - BHP Billiton on Monday rejected a plan by activist shareholder Elliott Advisors to scrap the miner's dual company structure, split off its oil business and return more cash to investors, saying the costs would outweigh any benefits.
AT&T bets on 5G with Straight Path Communications buy for $1.25 billion
(Reuters) - AT&T Inc said on Monday it would buy Straight Path Communications Inc , a holder of licenses to wireless spectrum, for $1.25 billion in an all-stock deal as it aims to accumulate the airwaves it needs for a next generation network.
Bain, Cinven pay up to win backing for Stada deal
FRANKFURT (Reuters) - Buyout groups Bain Capital and Cinven won an auction for German drugmaker Stada on Monday after a surprisingly large increase on a previous bid valued the company at about 5.3 billion euros ($5.6 billion).
Azul, shareholders fetch $645 million in bigger-than-expected Brazil, U.S. IPO
SAO PAULO (Reuters) - Azul SA and several shareholders raised 2.021 billion reais ($645 million) in a dual initial public offering in São Paulo and New York on Monday, as soaring investor demand led Brazil's No. 3 airline to boost the size of the deal by almost one-fifth.
Jana Partners ups Whole Foods stake, looks to shake up board, management
(Reuters) - Jana Partners has upped its stake in Whole Foods Market Inc as the hedge fund looks to shake up the board and senior management of the high-end grocer and push for a sale of the company that has been losing ground in the natural and organic niche it popularized.
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