Bhinneka News Online: Reuters Deals Today: April 19, 2017

Wednesday, 19 April 2017

Reuters Deals Today: April 19, 2017

Click to View in Browser

Wednesday, April 19, 2017

Akzo Nobel dangles special dividend to help ward off PPG

AMSTERDAM (Reuters) - Akzo Nobel , the Dutch paint maker trying to fend off a 24.6 billion euro ($26 billion) takeover by U.S. rival PPG Industries Inc , on Wednesday fleshed out its alternative plan to separate its chemicals business and pay shareholders 1.6 billion euros in extra dividends this year.

KKR-led group ups ante in bidding war for Australia's Tatts lotto

SYDNEY (Reuters) - A group backed by private equity firm KKR & Co on Wednesday said it had made a revised A$6.15 billion ($4.65 billion) offer for Australia's biggest lottery operator Tatts Group Ltd , upping the ante in a bidding war against Tabcorp Holdings Ltd .

Sweden's SCA rejected $25 billion bid for hygiene arm: report

STOCKHOLM (Reuters) - Sweden's SCA has rejected a recent bid for its hygiene arm and an offer last year for its forestry business, Swedish daily Dagens Nyheter reported on Wednesday, citing sources.

China's Ant Financial targets brand boost in SEAsia with helloPay deal

BEIJING (Reuters) - Ant Financial, the payment affiliate of Alibaba Group Holding Ltd , has acquired Singapore-based payment service helloPay Group, part of the Chinese firm's drive to boost its Alipay brand and presence in Southeast Asia.

Verizon, Corning agree to $1.05 billion fiber deal

NEW YORK (Reuters) - Verizon Communications Inc has agreed to buy optical fiber from Corning Inc for at least $1.05 billion over the next three years as the No. 1 U.S. wireless carrier aims to improve its network infrastructure, the companies said on Tuesday.

Japan government fund, bank mull bid with Broadcom for Toshiba chip unit: media

TOKYO (Reuters) - A Japanese government-backed fund and policy bank are considering a joint bid with Broadcom Ltd for Toshiba Corp's semiconductor business, a move that would vault the U.S. chipmaker into the lead to buy the prized unit, the Asahi newspaper said on Wednesday.

Parkland Fuel to buy Chevron Canada's downstream fuel business

(Reuters) - Chevron Corp, the second-largest U.S.-based oil company, sold its Canadian gasoline stations and refinery in British Columbia to Parkland Fuel Corp, a marketer of petroleum products, for C$1.46 billion ($1.09 billion).

India's Paytm in talks with SoftBank to raise $1.2-$1.5 billion: report

(Reuters) - Electronics payments provider Paytm is in talks with Japan's SoftBank Group to raise $1.2 to $1.5 billion in cash, making the latter one of the largest shareholders in the fintech start-up, Mint newspaper reported on Wednesday citing sources.

Thailand's Siam Commercial in exclusive talks with FWD for $3 billion insurance sale: sources

HONG KONG (Reuters) - Siam Commercial Bank (SCB) has entered into exclusive talks with Hong Kong insurer FWD Group to sell its life insurance arm, which could raise $3 billion for Thailand's third-biggest lender, people with direct knowledge of the matter said.

FGL terminates takeover deal by Chinese insurer Anbang

SHANGHAI - U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) said on Tuesday it has terminated its agreement to be acquired by Anbang Insurance Group Co Ltd, becoming the latest deal involving the Chinese insurer to have fallen through in recent years.