Reuters - Deals Today

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Monday, September 4, 2017

Bain, Cinven give in to Elliott's demand for higher Stada buyout

FRANKFURT (Reuters) - Bain Capital and Cinven will offer minority Stada shareholders a marked-up 74.40 euros per share to get full control of the German generic drugmaker, the buyout groups said, giving in to pressure from hold-out investor Elliott Management.

Tyremaker Pirelli to sell 40 percent stake in Milan market comeback

MILAN (Reuters) - Italian tyremaker Pirelli, bought by state-owned China National Chemical two years ago, will sell up to 40 percent of its capital in an initial public offering as it plans to return to the Milan stock exchange in October.

Claassen keeps cards close to chest on Air Berlin: Handelsblatt

FRANKFURT (Reuters) - Utz Claassen, a former chief executive of German utility EnBW , declined to confirm in an interview with daily Handelsblatt that he was interested in buying assets of insolvent airline Air Berlin .

Four execs to leave Reckitt Benckiser amid company struggles

LONDON (Reuters) - Four senior executives are leaving Reckitt Benckiser Group as the British consumer goods company fights to recover from the weakest performance in its history.

Chinese biopharma 3SBio in $290 million deal for unit of Canada's Therapure

SHANGHAI (Reuters) - China's 3SBio Inc has agreed to buy the contract development and manufacturing unit of Canada's Therapure Biopharma Inc for $290 million, part of a push by the Chinese biotech company into the North American market.

Most Clariant shareholders support merger says Huntsman

ZURICH (Reuters) - The vast majority of Clariant's shareholders support the Swiss chemical maker's planned $20 billion merger with American peer Huntsman , Huntsman's Chief Executive told Swiss newspaper NZZ am Sonntag.

China Merchants Port to buy 90 percent of Brazilian port operator for $924 million

HONG KONG (Reuters) - China Merchants Port Holdings Co Ltd said on Monday it would buy 90 percent of Brazilian port facilities operator TCP Participações S.A. for HK$7.23 billion ($924 million), as it aims to expand into Latin America.

Russia's Rosneft, China's CEFC agree joint exploration in Siberia

MOSCOW (Reuters) - Russian oil major Rosneft said on Sunday it signed a cooperation agreement with CEFC China Energy Company for joint exploration in Siberia.

Niki Lauda preparing bid for Air Berlin's Niki unit

MONZA, Italy (Reuters) - Former motor racing driver Niki Lauda is working on a bid to buy back the Niki subsidiary of insolvent airline Air Berlin , he told Reuters on Sunday.

EU's Vestager says Essilor-Luxottica merger requires thorough vetting

CERNOBBIO, Italy (Reuters) - The proposed merger of Italian spectacles maker Luxottica with French lens manufacturer Essilor will require thorough vetting by European antitrust authorities, the head of the bloc's competition watchdog said on Saturday.