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Mergers & Acquisitions

GM expects charge from its sale of Opel to reach $5.5 bln

DETROIT, June 26 General Motors Co now expects the charge for its sale of Opel to Peugeot SA to reach $5.5 billion versus its previous estimate of $4.5 billion due to additional costs associated with the deal, a top executive said on Monday.

UPDATE 1-Brazil's BNDESPar calls JBS shareholder meeting to shuffle board

SAO PAULO, June 26 The investment arm of Brazil's state development bank BNDES has convened a JBS SA shareholder meeting to remove the controlling Batista family from the meatpacker's management and board, in the latest twist involving the world's No. 2 food processor.

12:43am IST

UPDATE 1-Sistema says Russian court "arrests" some of its holdings in Rosneft dispute

MOSCOW, June 26 Russian conglomerate Sistema said on Monday a Russian court had "arrested" shares it owns, including in the country's biggest mobile operator MTS, in a legal dispute with oil company Rosneft.

12:27am IST

UPDATE 7-UK's May strikes $1.3 billion deal with N.Irish party to prop up government

* Angry Scotland, Wales say DUP deal weakens United Kingdom (Adds Sinn Fein reaction, Conservative spokesman on funding)

12:12am IST

BRIEF-CobalTech to merge with First Cobalt

* Says CobalTech will receive 0.2632 of a First Cobalt common share for each CobalTech common share​

26 Jun 2017

UPDATE 1-Stada buyout falls short of shareholder acceptance target

* Stada shares drop 8 pct in after-market trading (Adds Stada CEO, background)

BRIEF-Cobalt One to merge with First Cobalt

* Deal implies a total transaction value of approximately $140 million on a fully diluted in money basis

26 Jun 2017

Cargill sells fruit processing plant in Brazil to Germany's Doehler: source

SAO PAULO, June 26 The Brazilian unit of U.S. food processor Cargill agreed to sell a fruit processing plant located in the Sao Paulo state to German food ingredients maker Doehler, a source with knowledge of the deal told Reuters on Monday. (Reporting by Roberto Samora; Writing by Marcelo Teixeira)

26 Jun 2017

Russia's MTS says share arrest will not hamper operations

MOSCOW, June 26 Russia's biggest mobile operator MTS said on Monday a court decision to "arrest" a number of its shares owned by business conglomerate Sistema would not affect its operations.

26 Jun 2017

UPDATE 1-Alimentation Couche-Tard wins U.S. OK to buy CST, with conditions

WASHINGTON, June 26 Alimentation Couche-Tard Inc has won U.S. antitrust approval to buy rival CST Brands Inc on condition that it sell up to 71 stores in eight states, the Federal Trade Commission said on Monday.

26 Jun 2017