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Thursday, 25 May 2017

Reuters Deals Today: May 25, 2017

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Thursday, May 25, 2017
Bank of China main backer as ChemChina raises $20 billion for Syngenta deal
HONG KONG (Reuters) - ChemChina has raised $20 billion mainly in perpetual bonds to finance its purchase of Swiss seeds firm Syngenta , with Bank of China becoming the single largest investor providing half of that funding, according to a regulatory filing.
Bunge shares touch 22-month high as consolidation talk swirls
CHICAGO (Reuters) - Shares of Bunge Ltd scaled to a 22-month peak on Wednesday after merger overtures by Glencore Plc's agriculture unit whetted investors' appetite for consolidation in the commodities sector.
Kinder Morgan prices Canadian IPO at C$17 per share: term sheet
TORONTO/CALGARY, Alberta (Reuters) - U.S. pipeline company Kinder Morgan Inc has priced its Canadian initial public offering at C$17 per share, according to a term sheet of the deal seen by Reuters on Wednesday.
Chinese group buys world's No. 2 condom maker for $600 million
SYDNEY (Reuters) - A Chinese consortium is buying Ansell Ltd's condom division, the world's no. 2 condom maker, for $600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education.
Silicon Valley's Tanium allows $100 million secondary stock sale, sees later IPO
SAN FRANCISCO (Reuters) - Highly valued security firm Tanium Inc is allowing its co-founder, employees and some early investors to sell $100 million of stock to private equity and venture funds in a secondary sale that eases internal pressure for a public offering.
Shell, ConocoPhillips oil sands share selloff risks flooding market
CALGARY, Alberta (Reuters) - Canadian equity markets risk being swamped with oil sands company shares this year as Royal Dutch Shell and ConocoPhillips prepare to offload C$6.8 billion ($5.1 billion) worth of stakes in two domestic producers, just months after acquiring them.
Loeb sees $20 billion more value from Dow-DuPont merger
(Reuters) - Activist investor Daniel Loeb's Third Point LLC said Dow Chemical and DuPont could unlock $20 billion in additional value by tweaking their plan to split into three companies following their merger.
China's ICBC signs $4 billion debt swap with Shandong Steel: Xinhua
SHANGHAI (Reuters) - The world's largest lender, Industrial and Commercial Bank of China , has signed a 26 billion yuan ($3.79 billion) debt-for-equity swap framework agreement with Shandong Iron & Steel Group, the official Xinhua news agency reported on Thursday.
Linde, Praxair reach agreement on details of merger
FRANKFURT (Reuters) - German industrial gases group Linde and U.S. peer Praxair have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday.
Fidelity & Guaranty to be bought for $1.84 billion
(Reuters) - CF Corp , a blank check company founded by veteran dealmaker Chinh Chu, said it would buy U.S. annuities and life insurer Fidelity & Guaranty Life in an all-cash deal valued at about $1.84 billion.
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