Monday, 3 April 2017

Reuters Deals Today: April 3, 2017

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Monday, April 3, 2017
Linde chairman ready to use casting vote for Praxair merger: FT
FRANKFURT (Reuters) - The chairman of German industrial gases group Linde is prepared to use his casting vote to push through a $65 billion merger with U.S. rival Praxair in the face of worker opposition, he told the Financial Times.
Burberry licenses beauty business to Coty in new drive to expand
LONDON (Reuters) - British luxury brand Burberry said on Monday it would transfer its beauty business to U.S. group Coty in a deal that will bring in around $225 million plus ongoing royalty payments and grow the division.
Reckitt Benckiser reviewing options for food business
LONDON (Reuters) - British consumer goods maker Reckitt Benckiser is reviewing strategic options for its small food business, it said on Monday, as it seeks to pay down debt following its planned $16.6 billion purchase of Mead Johnson .
Schneider Electric to sell DTN to Swiss group TBG in $900 million deal
PARIS (Reuters) - French electrical components maker Schneider Electric has agreed to sell agricultural information company Telvent DTN to private Swiss group TBG AG in a deal worth around $900 million based on enterprise value, Schneider said on Monday.
Ride-hailing firm Grab agrees to buy Indonesian payment startup Kudo
SINGAPORE (Reuters) - Southeast Asian ride-hailing firm Grab on Monday said it has agreed to buy Indonesian online payment startup Kudo, marking the first investment under a recently announced plan to commit $700 million to its largest market.
HNA, Apollo Global among bidders vying for HSH Nordbank: sources
(Reuters) - Chinese conglomerate HNA Group and Apollo Global Management are looking to bid for German shipping finance provider HSH Nordbank [HSH.UL], according to two people familiar with the matter.
U.S. firm Cobalt threatens arbitration over Angolan oil assets
LONDON (Reuters) - U.S. oil firm Cobalt said it would seek arbitration if Angola's state-run Sonangol failed to extend license deadlines on two deepwater blocks, a move the U.S. company said was needed to help it sell the assets.
Israel's Elbit Systems U.S. unit wins $50 million Navy contract
TEL AVIV (Reuters) - Israeli defense electronics firm Elbit Systems said on Sunday its U.S. subsidiary won a contract worth about $50 million from the U.S. Navy to provide the Helmet Display and Tracker System for the MH-60S fleet of helicopters.
Newly merged First Abu Dhabi Bank's shares rise in debut trade
ABU DHABI (Reuters) - First Abu Dhabi Bank's shares rose on Sunday on the first day of trading after the completion of a merger of the emirate's two largest banks.
Merger of three Qatari banks to take six months: executive
DOHA (Reuters) - The merger of Qatari banks Masraf Al Rayan , Barwa Bank [IPO-BABK.QA] and International Bank of Qatar will take six months to complete, Masraf Al Rayan's chairman Hussain Ali al-Abdulla said on Sunday.
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