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Wednesday, June 7, 2017

Toshiba asks Western Digital again to drop challenge to Toshiba's chip business sale

TOKYO (Reuters) - Toshiba Corp on Wednesday asked Western Digital Corp once again to stop challenging the Japanese conglomerate's plans to sell its chip business.

Spain's Santander rescues Banco Popular from collapse

MADRID/FRANKFURT (Reuters) - Spain's biggest bank Santander is to buy struggling rival Banco Popular for a nominal one euro after European authorities determined the lender was on the verge of insolvency.

Bayer cuts Covestro stake to under 45 percent after share sale

FRANKFURT (Reuters) - Bayer has cut its stake in plastics and chemicals subsidiary Covestro to 44.8 percent after selling an 8.5 percent stake to institutional investors as part of a plan to sever ownership ties completely in the medium term.

Danish fashion tycoon invests in Swedish payments firm Klarna

STOCKHOLM (Reuters) - Anders Holch Povlsen, owner of Danish fashion retailer Bestseller, is buying a stake in payments firm Klarna, one of Europe's most highly valued tech startups, the firm said on Wednesday.

GM investors reject Greenlight share plan, board slate

(Reuters) - General Motors Co shareholders on Tuesday overwhelmingly rejected proposals by hedge fund Greenlight Capital to restructure the company's stock and reshape its board, backing Chief Executive Mary Barra's efforts to rev up the company's stalled share price.

Emaar to IPO real estate development business in Dubai

DUBAI (Reuters) - Emaar Properties , the builder of the world's tallest tower, plans to offer up to 30 percent of its United Arab Emirates real estate development business in what would be the first listing on the Dubai exchange in two and a half years.

Japan Display considers deeper restructuring to catch up in OLED: source

TOKYO (Reuters) - Japan Display Inc is considering restructuring beyond cutting jobs and consolidating production, a person familiar with the matter said on Wednesday, as its late entry into OLED technology caused loss of business with Apple Inc.

Illumio raises $125 million as cyber security firm targets sales growth

(Reuters) - Cyber security firm Illumio said on Wednesday that it has raised $125 million in a funding round led by J.P. Morgan Asset Management that will help finance product development and international expansion as the unprofitable, privately-held company looks to increase sales.

GTCR, Carlyle to buy contract research firm Albany Molecular

(Reuters) - Contract drug manufacturer and research company Albany Molecular Research Inc said on Tuesday it had agreed to be taken private by buyout firms Carlyle Group LP and GTCR LLC for about $922 million in cash.

Celltrion Healthcare to raise over $713 million in IPO in July

SEOUL (Reuters) - South Korea's Celltrion Healthcare Co Ltd, the marketing affiliate of Celltrion Inc , on Wednesday said it plans to raise at least 799.6 billion won ($712.74 million) in an initial public offering (IPO) planned next month.