Bhinneka News Online: Reuters Deals Today: May 22, 2017

Monday, 22 May 2017

Reuters Deals Today: May 22, 2017

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Monday, May 22, 2017

Shareholders take Akzo Nobel to court to oust Chairman Burgmans

AMSTERDAM (Reuters) - Akzo Nobel shareholders angered by the Dulux owner's rejection of a 26.3 billion euro ($29.5 billion) takeover offer from U.S. rival PPG Industries took their fight to an Amsterdam court on Monday.

Long seen as partners, Huntsman and Clariant seal $14 billion merger

ZURICH/FRANKFURT (Reuters) - U.S.-based Huntsman Corp and Swiss Clariant AG are combining to create a chemical manufacturer with a market value of over than $14 billion, the deal coming together after years of tentative mutual approaches.

China, Russia set up wide-body jet firm in new challenge to Boeing, Airbus

SHANGHAI (Reuters) - China and Russia on Monday completed the formal registration of a joint venture to build a wide-body jet, kick-starting full-scale development of a program aimed at competing with market leaders Boeing Co and Airbus SE .

Sinochem no longer pursuing stake buy in Noble Group: sources

HONG KONG/SINGAPORE (Reuters) - China's state-owned Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, three sources familiar with the matter told Reuters.

Soccer: Arsenal owner Kroenke says his shares in club not for sale

(Reuters) - Arsenal majority owner Stan Kroenke's KSE (Kroenke Sports & Entertainment) UK Inc said on Monday its shares in the Premier League club were not for sale after media reports that the club's second-largest investor had made an offer to buy out Kroenke.

French group Veolia signs 886 million euros Mexico City contract

PARIS (Reuters) - French utility Veolia has signed a deal with Mexico City worth 886 million euros ($991 million) to operate a waste incinerator whose heat will be used by the city's subway system, Veolia said on Monday.

Aegon sells some U.S. operations to boost solvency

AMSTERDAM (Reuters) - Aegon , the Dutch-based insurer that does most of its business in the United States, said on Monday it would sell some U.S. operations to Wilton Re [WRFL.UL] to boost its financial strength under Europe's new Solvency II regime for insurers.

AstraZeneca sells aging beta-blocker to Recordati for $300 million

LONDON (Reuters) - AstraZeneca has sold the European rights to its aging beta-blocker heart drug Seloken to Italy's Recordati for $300 million, as part of a continuing drive by the British drugmaker to spin off non-core assets.

China's HNA in talks to buy stake in Hong Kong-listed Value Partners: Bloomberg

HONG KONG (Reuters) - Chinese conglomerate HNA Group is in talks to buy a stake in Hong Kong asset management company Value Partners Group Ltd , Bloomberg reported on Monday, citing people familiar with the matter.

U.S., Saudi firms sign tens of billions of dollars of deals as Trump visits

RIYADH (Reuters) - U.S. and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by U.S. President Donald Trump, as Riyadh seeks help to develop its economy beyond oil.