Reuters Deals Today: May 17, 2017

Click to View in Browser Wednesday, May 17, 2017 Australia's Wesfarmers pulls office unit's IPO amid Amazon jitters SYDNEY (Reuters) - Australia's Wesfarmers Ltd canceled a potential $1.1 billion IPO of its office supplies unit, underscoring uncertainty in a retail sector hit by weak spending and the slated arrival of online shopping giant Amazon.com Inc . Monte dei Paschi chairman says remains optimistic over bailout request ROME (Reuters) - Monte dei Paschi's Chairman Alessandro Falciai said on Wednesday he remained optimistic over the outcome of the Italian bank's request for a state recapitalization needed to fill an 8.8 billion euro capital shortfall. Shanghai Pharma says may submit rival bid for Germany's Stada SHANGHAI (Reuters) - Shanghai Pharmaceutical Holding Co Ltd said it may bid for Stada Arzneimittel AG - a move that would pit it against buyout firms Bain and Cinven which have made a joint offer of nearly $6 billion for the German generics drugmaker. Lloyds new era begins as government sells off final shares LONDON (Reuters) - Britain has sold its last remaining stake in Lloyds Banking Group , making the lender the first to re-emerge from British state ownership in a symbolic step for the country's recovering banking sector. Thyssenkrupp labor boss affirms opposition to Tata merger DUESSELDORF, Germany (Reuters) - Tata Steel's latest pensions deal in Britain does not lessen Thyssenkrupp workers' opposition to a possible merger of the two companies' European steel operations, Thyssenkrupp's works council chief said. Singapore's GIC sells Straumann stake, shares indicated lower ZURICH (Reuters) - Singapore sovereign wealth fund GIC Private Limited has sold its roughly 3.4 percent stake in Straumann , the Swiss dental implant maker said on Wednesday. Chinese insurer PICC Group plans $2 bln Shanghai share offering HONG KONG (Reuters) - PICC Group, parent of the nation's biggest non-life insurer, said it plans to sell shares in mainland China as it seeks fresh funds to expand, in a deal valued at about $2 billion. Israeli energy firms Delek Drilling, Avner Oil to finally merge JERUSALEM (Reuters) - Israel's Delek Drilling and Avner Oil , both units of conglomerate Delek Group , said on Wednesday they have completed a long-awaited merger and will begin trading next week as one company. Deutsche Boerse CEO says no big mergers on the cards for now FRANKFURT (Reuters) - Big stock exchange mergers are currently off the table for German stock exchange operator Deutsche Boerse following a failed attempt to link up with London Stock Exchange , CEO Carsten Kengeter said on Wednesday. Yahoo to buy back $3 billion shares in tender offer (Reuters) - Yahoo Inc said on Tuesday it would buy back up to $3 billion shares through a tender offer to provide liquidity to stockholders looking to sell the stock ahead of the company's pending deal with Verizon Communications Inc. Related Video Netflix stealing the limelight at Cannes Why China's stars are promoting Europe's brands Related News Wall St. pulls back from record; utilities slump U.S. consumer confidence rises in December Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook