Deals - Europe Headlines

Shareholders urge Akzo to negotiate with suitor PPG

Shareholders piled pressure on Dutch paint maker Akzo Nobel to open talks with U.S. rival PPG Industries on Wednesday after Akzo rejected a revised 22.7 billion euro takeover offer as too low, too risky and a bad fit culturally.

Walmart announces plan to invest $800 million in Chile

Wal-Mart Stores Inc's Chilean unit will invest $800 million in the country over the next three years and open 55 to 60 new supermarkets, the company said on Wednesday, a significant outlay at a time of slow economic growth.

Brazil scandal tests JBS, BRF push for overseas units IPOs

Brazil's two largest food processors are striving to restore confidence in their quality controls as they pursue plans to list overseas units after a scandal over alleged bribery of health officials that triggered bans on Brazilian meat exports.

Exclusive: Advent pulls bid for Pfizer's Brazil venture - sources

U.S. private equity firm Advent International Corp has withdrawn from a bidding process to acquire Pfizer Inc's Brazilian generic drugs joint venture, leaving rival Bain Capital LP as the only contender for the company, two people with direct knowledge of the matter said on Thursday.

Canada's Enbridge to cut 1,000 jobs after buying Spectra

Canada's Enbridge Inc said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp of Houston, the first layoffs for the combined energy infrastructure company, the biggest in North America.

LPC-L’Oreal targets direct lenders to fund Body Shop sale

L’Oreal is targeting direct lenders to provide up to €650 million of leveraged loans to back a potential sale of British retailer The Body Shop, in a bid to provide certainty of debt funding and encourage possible buyers to submit an offer for the business, banking sources said.

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