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Thursday, July 27, 2017

Exclusive: 'High Times' ready to roll with public offering - sources

(Reuters) - The publisher of iconic marijuana enthusiast magazine, "High Times," plans to take the company public in the fall, two sources familiar with the situation told Reuters this week, as an increasing number of U.S. states legalize the drug.

Round Two: Elliott Advisors, Akzo Nobel resume combat in Dutch court

AMSTERDAM (Reuters) - Activist hedge fund Elliott Advisors on Thursday returned to court to try to oust the chairman of Dutch paints group Akzo Nobel over his rejection of a 26.3 billion euro ($30 billion) takeover proposal from PPG Industries .

Starbucks to buy remaining stake in East China JV for $1.3 billion

(Reuters) - Starbucks Corp said on Thursday it would buy the remaining 50 percent share of its East China business from its joint venture partners for about $1.3 billion in cash.

As drug prices drop, generics makers fight back with deals

NEW YORK (Reuters) - Generic drug makers are turning to M&A to shield themselves against a concerted effort by U.S. regulators to crack down on steep drug prices.

DuPont, FMC win EU antitrust approval for asset swap deal

BRUSSELS (Reuters) - U.S. chemicals company DuPont and U.S. peer FMC Corp secured conditional EU antitrust approval on Thursday for their asset swap deal which is tied to DuPont's merger with Dow Chemical .

At 'bare bones' Noble Group, staff exits and debt pose more risks

SINGAPORE (Reuters) - Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say.

Exclusive: Discovery in the lead to acquire Scripps Networks - sources

(Reuters) - U.S. media company Discovery Communications Inc is in the lead to acquire U.S. cable TV network owner Scripps Networks Interactive Inc, people familiar with the matter said on Wednesday, in a deal likely to top $12 billion.

Clariant says Huntsman merger is on track

ZURICH (Reuters) - Swiss chemicals maker Clariant said on Thursday its $20 billion merger with peer Huntsman Corp remained on track with a preliminary filing for approval from the U.S. authorities filed.

Schlumberger asks Russia antimonopoly body to OK Eurasia Drilling deal: Ifax

MOSCOW (Reuters) - U.S. oilfield services giant Schlumberger NV has applied to Russia's anti-monopoly watchdog for approval of a deal to buy 51 percent stake in Russian peer Eurasia Drilling Co (EDC), the Interfax news agency reported on Thursday.

France will nationalize disputed shipyard in standoff with Italy: Le Monde

PARIS (Reuters) - The French government has decided to nationalize the STX France shipyard in an ownership standoff with Italy, Le Monde newspaper reported on Thursday, marking President Emmanuel Macron's first big industrial policy decision.