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Thursday, August 17, 2017

China's Dongfeng Motor has no M&A plan for Fiat Chrysler: Dongfeng spokesman

BEIJING (Reuters) - Dongfeng Motor Group has no plans at the moment to acquire all or part of Fiat Chrysler Automobiles NV (FCA), a spokesman of the Chinese automaker said on Thursday in response to a question by Reuters.

Buffett's Berkshire Hathaway will not increase its Oncor offer

(Reuters) - The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase its offer.

Air Berlin aims for asset sales to at least two buyers by end-September: CEO

FRANKFURT (Reuters) - Insolvent German airline Air Berlin aims to strike deals to sell assets to two or more buyers by the end of September, before a government loan keeping its planes in the air runs out, its chief executive said.

Nets CEO sees 'considerable interest' from potential buyers

COPENHAGEN (Reuters) - Nets A/S , Scandinavia's largest payments processor, is seeing "considerable interest" from potential buyers amid a wave of M&A activity, the company's chief executive said on Thursday.

China Unicom shares still halted amid confusion over $12 bln fundraising

HONG KONG (Reuters) - China Unicom's two main units said on Thursday their shares would remain suspended until further notice, amid uncertainty over details of a $11.7 billion fundraising that is expected to be a model case for revamping state firms with private capital.

Investors get sweet tooth for Straumann on profit beat, takeovers

ZURICH (Reuters) - Straumann shares hit an all-time high on Thursday after the Swiss dental implant maker's first-half profit beat analyst expectations and as it plowed more than $150 million into acquisitions aimed at accelerating growth.

Buyout firms readying sale of $1 billion Indonesia tower operator STP: sources

SINGAPORE/JAKARTA (Reuters) - Buyout firms Carlyle and Southern Capital Group are in talks to sell their majority stake in Solusi Tunas Pratama in a deal that could value the Indonesian telecoms tower operator at about $1 billion, three people familiar with the process said.

United Rentals to buy equipment rental chain Neff for about $1.3 billion

(Reuters) - United Rentals Inc, the world's largest construction equipment rental company, will buy Neff Corp for about $1.3 billion, the companies said, topping H&E Equipment Services Inc's about $1.2 billion offer last month.

U.S. activist investor ends feud with Dutch paintmaker Akzo Nobel

AMSTERDAM (Reuters) - Akzo Nobel and its biggest shareholder Elliott Advisors ended a long-running dispute on Wednesday as the U.S. activist investor agreed to halt legal action against the Dutch paint company and to support its board nominations.

Petrobras Argentina sale under scrutiny in Brazil

BRASILIA (Reuters) - Brazilian prosecutors plan to investigate last year's controversial sale of the Argentine subsidiary of Petrobras, Brazil's state-controlled oil company, a lawyer representing some Petrobras shareholders said on Wednesday.