Reuters Deals Today: May 23, 2017

Click to View in Browser Tuesday, May 23, 2017 As Syngenta deal closes, ChemChina and Sinochem press $120 billion deal: sources HONG KONG/BEIJING (Reuters) - Chinese state-owned Sinochem and ChemChina are in merger talks to create the world's biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations said. PPG CEO says remains interested in 'consensual' deal with Akzo AMSTERDAM (Reuters) - PPG Industries remains interested in negotiating a "consensual" deal with Akzo Nobel , even as the Dutch rival paint maker resists its 26.3 billion euro ($29.5 billion) takeover offer, PPG's top executive said on Tuesday. Long seen as partners, Huntsman and Clariant seal $14 billion merger ZURICH/FRANKFURT (Reuters) - U.S.-based Huntsman Corp and Switzerland's Clariant AG are combining to create a chemical manufacturer with a market value of about $14 billion, the deal coming together after years of tentative mutual approaches. Odebrecht O&G announces debt restructuring deal BRASILIA (Reuters) - Odebrecht Óleo & Gás SA, the offshore oil drilling firm owned by Brazil's Odebrecht SA, reached an agreement with more than 60 percent of its creditors for a restructuring of about $5 billion in debt, it said in a statement on Tuesday. Aetna CEO says acquisitions aimed directly at size not on its list NEW YORK (Reuters) - Aetna Inc Chief Executive Mark Bertolini said on Monday that growing through acquisitions in its existing business lines is "not high on our list" after its deal with Humana Inc failed. S&P may disconnect the telecom services sector index NEW YORK (Reuters) - The S&P 500 Telecommunications Services Sector index as-we-know it may have to hang up on investors, as its creators are considering a restructuring of the once-hot index which has shrunk to just four companies from 14. Bain Capital raises $720 million for life sciences fund (Reuters) - Private equity firm Bain Capital LP said on Tuesday it had raised $720 million for its first investment fund focused exclusively on the life sciences sector. EQT leads bidding for stake in prosthetics maker Ottobock: sources FRANKFURT (Reuters) - Buyout group EQT has emerged as the leading bidder for a stake in Germany's Ottobock, the world's largest maker of artificial limbs, as talks with rival investor CVC continue, people familiar with the matter said. 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 . TPG-backed RCN buys broadband provider Wave for $2.37 billion (Reuters) - Private equity firm TPG Global LLC said on Monday it would buy Wave Broadband for $2.37 billion in a deal that creates the sixth largest U.S. cable operator at a time when demand for high-speed internet service is growing rapidly. Related Video China and Russia take on aviation giants Hong Kong car park sells for record $3 bln 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