Bhinneka News Online: Reuters Deals Today: May 10, 2017

Wednesday, 10 May 2017

Reuters Deals Today: May 10, 2017

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Wednesday, May 10, 2017

ChemChina gets around 82 percent of Syngenta in $43 billion deal

ZURICH (Reuters) - ChemChina [CNCC.UL] has won around 82 percent support from Syngenta shareholders for its $43 billion takeover of the Swiss pesticides and seeds group, China's biggest foreign acquisition to date, the two companies said on Wednesday.

Contract medical research firm INC to buy inVentiv in $4.6 billion deal

(Reuters) - INC Research Holdings Inc , which provides contract laboratory services, said it would buy privately held inVentiv Health Inc, which provides life sciences companies with drug development and consulting services, in a $4.6 billion deal.

Linde CEO defends Praxair merger at shareholder meeting

MUNICH (Reuters) - The chief executive of German industrial gases group Linde defended a planned $70 billion merger with U.S. peer Praxair at the company's annual shareholder meeting, despite fierce trade union opposition that has raised investor concerns.

Peugeot's Tavares sees Opel racking up more losses in 2017

PARIS (Reuters) - PSA Group expects Opel to lose more money in 2017 as the French carmaker acquires the business from General Motors , Chief Executive Carlos Tavares said on Wednesday.

Apple buys Finnish sleep tracking app maker Beddit

HELSINKI (Reuters) - Apple has acquired a sleep tracking app and hardware maker Beddit, the Finnish startup said on its website.

Britain's Moneycorp targets U.S. market with Commonwealth FX purchase

(Reuters) - Moneycorp, a British foreign exchange provider, said on Wednesday it had agreed to buy U.S.-based corporate payments business Commonwealth Foreign Exchange to extend the reach of its payments platform and help it win new customers.

E.ON CEO eyes quick Uniper sale following record loss

ESSEN, Germany (Reuters) - E.ON chief Johannes Teyssen plans to quickly sell the group's remaining stake in Uniper , the power plant and trading unit it spun off last year, in hopes that a sale, along with higher payouts, will help ease growing shareholder pressure.

Four banks in bridge loan pool to fund Atlantia bid on Abertis: sources

MILAN (Reuters) - Four banks are organizing the bridge loan of around 11 billion euros ($12 billion) that Italy's Atlantia will use to help fund its bid on Spanish rival Abertis , three sources close to the matter said on Wednesday.

HNA won't submit bid for Germany's HSH Nordbank: Handelsblatt

FRANKFURT (Reuters) - Chinese conglomerate HNA Group will not submit a bid for German shipping finance provider HSH Nordbank [HSH.UL], German daily Handelsblatt reported, citing a spokesman for HNA.

AXA plans to list U.S. insurance, asset management business in 2018

PARIS (Reuters) - AXA Chief Executive Thomas Buberl plans to overhaul the group's U.S. operations, proposing to float its American life insurance and asset management businesses in 2018 in order to free up capital and pursue takeover targets elsewhere.