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Tuesday, May 16, 2017

Yahoo to buy back $3 billion shares

(Reuters) - Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company's pending deal with Verizon Communications Inc.

Japan urges Toshiba, Western Digital to get along as chip spat flares

TOKYO (Reuters) - Japan's government said on Tuesday it wanted Toshiba Corp and partner Western Digital Corp to cooperate, expressing concern about an escalating dispute between the two that threatens to upend the sale of Toshiba's chip unit.

Merck KGaA considers transferring its units into subsidiaries

FRANKFURT (Reuters) - Germany's Merck KGaA said it was looking into shifting its diversified chemicals and healthcare businesses into separate subsidiaries next year.

Elliott increases pressure on BHP to ditch petroleum

SYDNEY/LONDON (Reuters) - Activist investor Elliott Management raised the pressure for strategic changes at BHP on Tuesday, calling for an independent review of the mining giant's petroleum business.

U.S. commerce secretary backs Calamos-EXIN bid for Greek insurer

ATHENS (Reuters) - The U.S. Commerce Secretary has backed a bid by an American-Dutch consortium to buy the insurance arm of Greece's National Bank, saying a deal could help U.S. investment flows to the troubled Mediterranean country.

Takeover target Stada says has no word of any rival bid

FRANKFURT (Reuters) - Stada Arzneimittel AG , the German drug company that has received an agreed takeover bid from buyout firms Bain and Cinven, on Tuesday said it had not been notified of any rival offer in the works.

Spain's Banco Popular says several groups interested in potential merger

MADRID (Reuters) - Spain's Banco Popular said on Tuesday several groups had shown interest in a potential merger, one of several options it is considering as its new management struggles to clean up billions of euros in toxic assets.

Israel to let Intel pay Mobileye tax in dollars to avoid shekel rise

JERUSALEM (Reuters) - Israel sought to prevent the shekel rising further on Tuesday by agreeing to allow Intel Corp to pay the tax due on its planned purchase of Israeli autonomous vehicle technology firm Mobileye in dollars.

Thermo Fisher to buy Patheon for $5.2 billion to expand biopharma services

(Reuters) - Thermo Fisher Scientific Inc said on Monday it would buy Patheon NV , a Dutch manufacturer of drugs for clinical trials, for $5.2 billion as it seeks to complement its offerings in production and services for the biopharma industry.

Italy's Atlantia makes $18 billion toll road bid for Spain's Abertis

MILAN/MADRID (Reuters) - Italy's Atlantia bid 16.3 billion euros ($18 billion) for Abertis on Monday to create the world's biggest toll road operator, but still needs the full backing of the Spanish firm's top shareholder if it is to succeed.