Wednesday, 12 April 2017

Reuters Deals Today: April 12, 2017

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Wednesday, April 12, 2017
Rebel shareholders seek dismissal of AkzoNobel chairman in PPG takeover fight
AMSTERDAM (Reuters) - Rebel shareholders in Dutch paint maker Akzo Nobel want to oust the company chairman after Akzo refused to engage in takeover talks with U.S. rival PPG Industries .
Syngenta says Mexican remedies for ChemChina deal will not have major impact
ZURICH (Reuters) - Swiss pesticides and seeds group Syngenta AG said Mexican regulatory conditions for approving ChemChina's planned $43 billion takeover bid will not have a major impact on the business.
Western Digital says Toshiba breaching contract, wants exclusive chip talks
TOKYO (Reuters) - Western Digital Corp has warned Japan's Toshiba Corp that splitting off its chip unit prior to a planned sale of the business violates their joint chip venture contract and that it wanted to enter into exclusive talks.
BHP rejects Elliott's overhaul proposals as flawed, costly
SYDNEY (Reuters) - Anglo-Australian miner BHP Billiton said on Wednesday a minor shareholder's proposal to overhaul its corporate structure and spin off its U.S. oil division was flawed and would involve costs far beyond any benefits.
Skype founder Zennstrom invests in water-saving shower company Orbital Systems
STOCKHOLM (Reuters) - Orbital Systems, which makes water-saving showers, said on Wednesday it had raised 15 million pounds ($18.7 million) from a group of investors including its board member Niklas Zennstrom, co-founder of Skype, to finance its expansion plans.
ClubCorp to not pursue strategic alternatives; CEO to step down
(Reuters) - ClubCorp Holdings Inc , one of the largest owners and operators of private golf and country clubs in the United States, said on Wednesday that it would not explore strategic alternatives at this time.
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.
Lyft lands $600 million in fresh funding; company valued at $7.5 billion
SAN FRANCISCO (Reuters) - Ride-services company Lyft has raised $600 million in fresh funding, fuel for the company's growth as it continues to compete fiercely with larger rival Uber Technologies Inc [UBER.UL].
Telecoms, cable group Altice starts IPO process for U.S. arm
NEW YORK/PARIS (Reuters) - Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, on Tuesday filed for an initial public offering that seeks to raise $1 billon to $2 billion, according to a source familiar with the matter.
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.
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