Deals

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Bayer raises sales targets for top-selling drugs after Monsanto deal

FRANKFURT German drugmaker Bayer said its two best-selling drugs had a higher annual peak sales potential than previously targeted, after the agreed $66 billion takeover of Monsanto stirred criticism it might neglect its pharmaceuticals business.

China Baosteel's takeover of Wuhan to create world's No. 2 steelmaker 6:07am EDT

SHANGHAI/HONG KONG China's Baosteel Iron and Steel will acquire its smaller debt-laden rival, Wuhan Iron and Steel, in a deal that will create the world's second-largest steel producer as part of Beijing's push to overhaul the stricken industry.

Grab raises $750 million to take on Uber in Southeast Asia 6:49am EDT

SINGAPORE Grab, the biggest rival to ride-sharing service Uber Technologies Inc [UBER.UL] in Southeast Asia, has raised $750 million in a funding round, turning up the heat on the U.S. firm now seeking to expand in the region after exiting China.

Tesla says lawsuits may delay SolarCity deal Sep 19 2016

Tesla Motors Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed because of shareholder lawsuits alleging board members breached their fiduciary duty, the latest hurdle to a $2.6 billion deal.

Wal-Mart completes acquisition of Jet.com Sep 19 2016

CHICAGO Wal-Mart Stores Inc on Monday said it has completed the acquisition of internet retailer Jet.com after agreeing to pay about $3 billion for the e-commerce startup last month.

Renault, Nissan buy French tech firm to develop mobility apps 6:55am EDT

PARIS/TOKYO Renault SA and Nissan Motor Co announced on Tuesday they would buy French software development company Sylpheo as they compete with global automakers and tech firms to develop new services including ride hailing and car sharing.

Spain's Telefonica to raise up to 1.4 billion euros with Telxius listing: report 6:39am EDT

MADRID Spanish telecoms group Telefonica will raise up to 1.4 billion euros ($1.57 billion) through the listing of around 36 percent of its telecom towers unit Telxius on the Madrid stock exchange, business daily Expansion said on Tuesday.

CJ Group pulls out of race for McDonald's South Korea operations Sep 19 2016

SEOUL South Korean food-to-entertainment conglomerate CJ Group on Tuesday said it did not enter the latest round of bidding for McDonald's Corp's South Korean operations.

Postal Savings Bank of China set to price Hong Kong IPO near low end: IFR 4:29am EDT

HONG KONG State-owned Postal Savings Bank of China (PSBC) is set to price its Hong Kong initial public offering near the bottom of expectations on tepid demand - although at around $7.6 billion, the deal is still set to be the world's largest in two years.

China's Bright Food approved to buy stake in NZ's largest meat processor 6:47am EDT

WELLINGTON New Zealand approved on Tuesday the sale of a 50 percent stake in the country's largest meat processor Silver Fern Farms to a unit of China's Bright Food Group [SHMNGA.UL], enhancing the South Island-based company's access into the Chinese market.

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