Reuters Deals Today: June 1, 2017

Click to View in Browser Thursday, June 1, 2017 PPG ends quest to buy Akzo Nobel for at least six months AMSTERDAM (Reuters) - U.S. paints and coatings maker PPG Industries will not launch a formal bid for Dutch rival Akzo Nobel after repeated informal offers were rejected, it said on Thursday. Deere to buy German road construction firm Wirtgen for $5.2 billion (Reuters) - U.S. based farm and construction major Deere & Co said on Thursday it would buy privately held German road construction company Wirtgen Group for $5.2 billion, including debt. Intelsat expects $14 billion OneWeb merger deal to fail (Reuters) - Satellite operator Intelsat SA said it expected its $14 billion merger with peer OneWeb Ltd, which is backed by Japan's SoftBank Group Corp , to fall through as it failed to get enough of its creditors to back the deal. Malaysia's RHB, AmBank in merger talks to form bank worth $9 billion KUALA LUMPUR (Reuters) - Malaysia's RHB Bank and AMMB Holdings (AmBank) are starting merger talks to form a group worth about $9 billion, in what is likely to be the nation's biggest banking deal. Toshiba, Western Digital trade barbs in spat over chip unit auction TOKYO (Reuters) - Western Digital said on Thursday it is still seeking arbitration in a dispute with Toshiba Corp over the auction of its prized chip unit, arguing that a transfer of assets by the Japanese firm had not resolved what it calls a serious breach of contract. Private equity firm CVC Capital raises record $18 billion LONDON (Reuters) - CVC Capital Partners has raised a record 16 billion euros ($17.98) for its latest fund for private equity investments in Europe and North America, it said on Thursday, highlighting a rush by investors to back buy-out deals in a search for higher returns. Keen Uniper buyers need to factor in E.ON tax charge FRANKFURT (Reuters) - Potential buyers of E.ON's 46.65 percent stake in Uniper not only have to factor in a premium but also a compensation for a sizeable tax charge E.ON incurs if a bidding process triggers a deal before 2018, analysts and sources said. Barclays makes early African exit with $2.8 billion share sale LONDON (Reuters) - Barclays cut its stake in Barclays Africa Group to 15 percent sooner than expected on Thursday, ending more than 90 years as a major presence in the continent. BNP Paribas buys consumer credit business in Sweden PARIS (Reuters) - BNP Paribas Personal Finance has bought SevenDay Finans AB, a Swedish consumer credit business, part of plans to expand in the region in personal finance. Bahrain sovereign fund CEO says hopes to invest in Aramco IPO ST PETERSBURG, Russia (Reuters) - Bahrain's sovereign wealth fund Mumtalakat hopes to take part in the initial public offering (IPO) of shares in Saudi state oil giant Aramco, the fund's CEO told Reuters, predicting additional opportunities from the kingdom's reform program. Related Video Trump says U.S., Vietnam signed deals worth 'billions' Coal, solar fall on climate deal 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