Reuters - Deals Today

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Tuesday, September 19, 2017

Bayer says needs more time for Monsanto deal approval

MONHEIM, Germany (Reuters) - German drugs and pesticides group Bayer said it would likely take until early next year to complete the planned $66 billion takeover of U.S. seeds group Monsanto , which it had previously expected to be under wraps by the end of 2017.

Norway's $1 trillion wealth fund backs Linde-Praxair deal

OSLO (Reuters) - The proposed $74 billion tie-up of German industrial gases group Linde and U.S. peer Praxair got a boost on Tuesday when the world's biggest sovereign wealth fund said it was backing the deal.

Knorr-Bremse hits brakes on bid for Haldex

STOCKHOLM (Reuters) - German vehicle brake systems maker Knorr-Bremse has dropped its 5.5 billion crown ($692 million) bid for smaller Swedish rival Haldex , ending for now a heated bidding process that has lasted more than a year.

Activist lifts Clariant stake, aiming to scuttle Huntsman deal

ZURICH (Reuters) - The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake in the Swiss chemicals maker, making it the company's biggest shareholder.

Alibaba-backed logistics firm Best slashes proposed U.S. IPO: IFR

HONG KONG (Reuters) - Chinese logistics firm Best Inc, backed by Alibaba Group Holding Ltd , cut the size of a proposed U.S. initial public offering (IPO) after receiving tepid investor response to its preliminary valuation, IFR reported on Tuesday citing people close to the deal.

EDF in talks with Saudi Arabia, South Africa for nuclear deals

PARIS (Reuters) - EDF's head of new nuclear, Xavier Ursat, said the company is in talks with several countries about selling nuclear power plants, including China, India, South Africa and Saudi Arabia.

China's CGN bids for stake in Toshiba's NuGeneration UK plant

HONG KONG (Reuters) - China General Nuclear Power Corporation (CGN) is bidding to make an equity investment in a planned British nuclear plant, the future of which was thrown into doubt earlier this year amid mounting financial woes at its developer Toshiba Corp .

BASF boosts nylon business with 1.6 billion euro Solvay deal

FRANKFURT/BRUSSELS (Reuters) - German chemicals group BASF has strengthened its nylon business by agreeing to buy the global polyamide business from Belgian rival Solvay for 1.6 billion euros ($1.9 billion).

Total steps up renewables drive with EREN, GreenFlex deals

PARIS (Reuters) - Oil major Total has stepped up its expansion into renewables with investments in solar and wind energy producer EREN RE and energy efficiency firm GreenFlex.

Thyssenkrupp works council softens opposition to Tata Steel deal

DUESSELDORF (Reuters) - Thyssenkrupp's works council is prepared to consider a merger of the group's European steel operations with those of Tata Steel , even though it remains opposed to such a move as a way to restructure the business.