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Tuesday, May 2, 2017

Dow, Dupont planned merger gets conditional nod from China

BEIJING (Reuters) - China has conditionally approved the proposed merger between Dow Chemical Co and Dupont , the country's Commerce Ministry said on Tuesday, a step forward for the deal whose closing has been repeatedly delayed by regulatory hurdles.

EU regulators to rule on $38 billion Qualcomm, NXP deal by June 9

BRUSSELS (Reuters) - EU antitrust regulators will decide by June 9 whether to clear smartphone chipmaker Qualcomm's $38 billion bid for NXP Semiconductors NV , which would make it the leading supplier to the fast-growing automotive chips market.

Alitalia board decides to ask for special administration

ROME (Reuters) - Alitalia said on Tuesday its board had decided to formally ask the government for the carrier to be put under special administration after workers rejected its latest rescue plan meant to unlock much-needed financing.

Taking a Toll: How Japan Post's big global bet unraveled

TOKYO/SYDNEY (Reuters) - In February 2015, bankers working on Japan's biggest IPO in three decades woke to news that left them shaken. Their client had just closed a multi-billion dollar deal - but had kept them firmly out of the loop.

Monsanto scraps deal to sell Precision Planting to Deere

CHICAGO (Reuters) - Monsanto Co has terminated an agreement to sell its Precision Planting LLC farm equipment business to machinery maker Deere & Co , the companies said on Monday, ending a legal fight with antitrust authorities over the deal.

Two consortiums lodge final bids for Australia's Endeavour Energy: sources

SYDNEY (Reuters) - Australian state-owned power grid Endeavour Energy has attracted final bids from two consortiums comprised of local and foreign investors, and a decision on the expected A$4 billion ($2.99 billion) deal could come within a week, sources said.

Exclusive: Blackstone's GSO snaps up J. Crew debt in restructuring gambit

NEW YORK (Reuters) - GSO Capital Partners, private equity firm Blackstone Group LP's credit arm, is acquiring more of J. Crew Group Inc's debt, hoping for a profitable trade that could also give the U.S. fashion retailer more time to stave off bankruptcy, people familiar with the matter said.

Pembina buys Veresen for $7.1 billion as pipeline sector consolidates

(Reuters) - Pembina Pipeline Corp will buy smaller rival Veresen Inc in a C$9.7 billion ($7.10 billion) stock-and-cash deal, the expanding Canadian company said on Monday, the latest deal in a sector that has been consolidating in the face of low commodity prices and high costs.

Apollo Global seeks to lower West Corp price tag - sources

(Reuters) - Buyout firm Apollo Global Management LLC is seeking to convince U.S. telephone conferencing services provider West Corp to lower its price expectations and accept a $2 billion acquisition offer, according to people familiar with the matter.

ZJM, CRCI to buy Bosch's starters and generator unit for $595 million

HONG KONG (Reuters) - Zhengzhou Coal Mining Machinery Group Co Ltd (ZJM) has teamed up with private equity firm China Renaissance Capital Investment (CRCI) to buy Robert Bosch's starters and generators business SG Holding for 545 million euros ($595 million).