Thursday, 13 April 2017

Reuters Deals Today: April 13, 2017

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Thursday, April 13, 2017
Another Akzo Nobel investor calls for meeting on chairman
AMSTERDAM (Reuters) - Templeton Global Equity said on Thursday it is among a group of investors calling for an extraordinary meeting of Akzo Nobel shareholders to discuss whether Antony Burgmans should remain chairman of the Dutch paint maker.
China's Baidu buys U.S. computer vision startup amid AI push
BEIJING (Reuters) - Chinese internet firm Baidu Inc has agreed to acquire U.S. computer vision firm xPerception for an undisclosed amount to support their renewed efforts in artificial intelligence as Chinese tech firms face regulatory headwinds in U.S.
Linde-Praxair merger deal falls behind schedule: source
MUNICH, Germany (Reuters) - Linde and Praxair's $65 billion merger talks are facing legal complexities that mean the agreement will not be finalised as planned before Linde's annual shareholder meeting on May 10, a source familiar with the situation said.
Exclusive: Meredith falls short of Time Inc's deal price expectations - sources
(Reuters) - U.S. media group Meredith Corp has made a preliminary acquisition offer to Time Inc that fell short of the price expectations of the publisher of Sports Illustrated and Fortune magazines, according to people familiar with the matter.
ChemChina-Syngenta deal wins Chinese regulatory approval
ZURICH (Reuters) - ChemChina's [CNCC.UL] $43 billion planned takeover of Swiss pesticides and seeds group Syngenta has received approval from China's Ministry of Commerce (MOFCOM), the two companies said on Wednesday.
Western Digital says Toshiba breaching contract, wants exclusive chip talks
TOKYO (Reuters) - Western Digital Corp has warned Toshiba Corp that the Japanese firm is violating a joint venture contract in plans to sell to its chip unit and urged that it be given exclusive negotiating rights.
Yancoal says Australia government clears Rio coal sale
SYDNEY (Reuters) - Australia's foreign investment watchdog has cleared Chinese- backed coal miner Yancoal Australia Ltd to pursue its $2.45 billion acquisition of Rio Tinto's Coal and Allied Division, Yancoal said on Thursday.
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.
Deutsche Boerse reluctant to extend CEO contract after failed merger: sources
FRANKFURT (Reuters) - Deutsche Boerse's supervisory board is reluctant to approve quickly an extension of Chief Executive Carsten Kengeter's contract following the German exchange operator's failed merger with the London Stock Exchange , two people close to the matter said.
Siemens, Bombardier vie for control of rail JV: sources
FRANKFURT (Reuters) - Talks about uniting the rail operations of Germany's Siemens and Canada's Bombardier are being complicated by the desire of both companies to keep control of a merged business, two people close to the matter said on Wednesday.
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